What types of commercial loan documents are commonly “imaged”?
Are payments received on Saturday required to be posted on Saturday ?
Does a HELOC have to have a repayment period?
A PMI disclosure is not required for a second home. However, our secondary market guidelines state that a disclosure is to be given with a loan which has PMI. It doesn't state whether it is a first or second home. Our LOS will not produce a disclosure, stating that it is a second home. How would the customer know when they can cancel the PMI if they are not given a notice?
Is it possible for a small bank to receive an Outstanding rating?