Latest Operations - Real Estate Lending Topics

Is email receipt of the LE sufficient

01/19/2020

We mailed the borrower’s Loan Estimate and they emailed us that it was received, and they want to proceed with the loan. Can we act on this emailed notice?

Issue Approval Letter Subject to Appraisal Report

01/05/2020

Can we issue an approval letter subject to an appraisal report?

How expensive is a fair lending violation?

10/20/2019

Can fair lending violations be expensive?

Impacts of fair lending violations

10/13/2019

What are the impacts of fair lending violations?

Weblinking Requirements

10/06/2019

Do weblinking rules apply if a business has a link to us, and are we required to monitor this?

Fair Lending Hotspots

10/06/2019

What are the most recent “hot spots” for fair lending issues?

Target audiences for fair lending training

09/29/2019

Who should receive fair lending training?

“One-click away” disclosure rule

09/08/2019

What is the “one-click away” rule for electronic advertisements?

Privacy among applicants

06/03/2019

If credit is denied because of issues related to only one applicant, for example a charge-off, can we disclose that reason to both applicants, and do both applicants get an Adverse Action Notice?

Discrimination against the majority

05/26/2019

Has there been a case where a lender tried so hard to assist minority applicants that it had a fair lending issue with majority applicants?