Most Popular Lending Content
Rescheduling & Restructuring of Loan Difference
06/03/2013
What is the basic difference between rescheduling of loan & restructuring of loan?
How to Determine Flood Zone A or B
05/27/2013
We have run a flood search for a property through our vendor, which resulted in the property being found in a flood zone (specifically A4). The Borrower went to place insurance when his insurance company ran a search which came back that the property was NOT in a flood zone (specifically flood zone B). I was looking for some advice on how to proceed and how to determine who is correct?
Cash Advance on HELOC Withdrawal Slip Risk
05/27/2013
A borrower goes to a branch to obtain a cash advance on their HELOC. If the teller uses a withdrawal slip to withdraw from the line instead of a bank printed check to document the loan advance, what is the risk to the bank?
Allowed to Charge Origination Fee for Extension?
05/27/2013
We are doing a 6 month construction loan. We have charged the the borrower a $6,200 origination fee. The borrower has needed several extensions. Each time he extends the loan we charge him an origination fee. He has paid $10,000.00 in origination fees. Is this legal?
Has The Escrow Calculator Been Updated?
05/27/2013
Has the escrow calculator been updated and is this available?