Are Home Equity Lines of Credit included in the new loan originator compensation rules? If so, can an employer incent a loan originator based on the amount drawn versus the line amount?
How does financial analysis factor into a company’s product launch decision?
Accounting is cooler - and more versatile - than you think.
How do I build my professional network?
A large part of our HMDA LAR is made up of commercial loans. Do we just report NA for these new fields that borrow loan feature definitions from Regulation Z?
What training is suggested for lenders annually?
Regarding Reg. Z and reassessment of loan originator: Is it standard structure in a bank for the HR Team to own the reassessment process for loan originators under the SAFE Act?
We are looking for training and/or reference material on proper loan documentation on existing land trusts. Any suggestions?
We are looking for training and/or reference material on proper loan documentation on existing land trusts.
The December 19, 2011 BankersOnline Weekly Banker Briefing contained an article under the lending section titled, "Requesting Tax Returns at Time of Application." I believe the answer given was incorrect. The BOL Guru stated that you can not "ask for verification documents until after the GFE is delivered and the applicant has indicated they wish to continue." What the regulation actually states is that you cannot require, â€œas a condition for providing a GFE, that an applicant submit supplemental documentation to verify the information provided on the application.â€ Is this correct?