Most Popular Lending Content
Commercial vs Consumer Qualified Loan
05/25/2015
A loan comes to loan operations with the borrower being a trust. The purpose of the loan is to purchase 1-4 family dwelling for the trustee of the trust. Would this be a commercial or consumer qualified loan and why?
Fee on GFE/HUD for E-Filing Mortgage
05/25/2015
Where do you put the fee on the GFE and HUD for e-filing a mortgage? I read commentary that it should go in the 1100 series but that seems odd if it is a HUD1-A.
Is It Possible to Scan and Index Multiple Documents at Once?
05/18/2015
Is it possible to scan and index multiple documents at once?
Reg B Appraisals: First Mortgages Closed End
05/18/2015
Reg B Appraisals: first mortgages closed end - If we obtain a field appraisal on a property, are we required to share this with our borrowers under Reg B, what about AVMs? I thought we didn't have to share those.
Simple Interest Method for LOCs
05/18/2015
We have several consumer LOCs where the note states average daily balance is calculated using the simple interest method. Our system charged interest on interest. What steps do we take to correct?