03/12/2023
I’ve heard rumors of a new FDIC digital sign requirement for “Member FDIC”. What is that all about?
03/12/2023
Do you know how Section 1071 Small Data collection will affect your fair lending program?
03/05/2023
What are some of the biggest landmines in lending advertisements?
03/05/2023
How can appraisal bias effect my fair lending program? We use a third-party
02/26/2023
How can digital email cause my institution redlining issues?
02/26/2023
Help! We just found out a creative loan officer has started their own You Tube channel and is posting videos to promote her real-estate lending expertise at our bank. She’s also giving shout-outs to realtor friends! What do we do?
02/19/2023
Why should I worry about fair lending, my intuition passed it’s last two fair lending exams. Our program is fine.
01/08/2023
We had a problem with debit card claims so we modified our deposit agreement. If they don’t cooperate in the claim process, we can deny it. Do you think this solves the problem?
01/09/2022
This question is regarding incomplete mortgage applications with an address. (ie: Refi's) Here is the scenerio: Bank approves an application based on the information provided by the consumer, mails the approval letter out which states that based on the application and credit report their loan has been approved subject to the verification of income, assets, and any additional documents deemed necessary from underwriting.
The lender then sits on the file for several months without contacting the customer and then withdraws it stating it is being withdrawn due to no contact.
Should this considered an incomplete application based on the consumer not getting the required documentation to the lender or can it be considered withdrawn since there was no contact with lender since the approval letter?
02/21/2021
We had a problem with debit card claims so we modified our deposit agreement. If they don’t cooperate in the claim process, we can deny it. Problem solved!