Most Popular Lending Content
Post-Sandy, How can I get closings back on track?
11/19/2012
Hurricane Sandy has delayed closings.What can I do to get these back on track?
Required to Send 1098 Origination Fee?
11/19/2012
Does the bank need to send a 1098 for origination fee?
HUD-1A Settlement or Simple Statement-Terming Out
11/19/2012
We are terming out one of our matured home equity lines of credit and paying off this loan to do a fixed-rate closed-end consumer loan on the balance owed. Are we required to provide a HUD-1A settlement statement or can we prepare a simple closing statement? A GFE was provided after application.
Initiating Release of UCC When Not The Debtor
11/12/2012
Is there any way to initiate a release of a UCC when you are not the debtor. For instance, we refinance a loan secured by a UCC, obtain a pay off from the debtor with acknowledgement to release the UCC but they never do. It's a lot of work to keep following up to request releases on a UCC, any suggestions?
RESPA Title Company Fees- 10% Tolerance
11/12/2012
Can a bank have a service provider list which does not list title companies and just put all title company fees in the charges that in total cannot increase more than 10 % column? If I am reading the RESPA Q & A correctly, if you do not provide a list the fees would be subject to the 10 % tolerance.