Vendor Guru Q&A - Operations

Latest Operations - Refinancing Topics

Improve Loan Production During Rising Rates

09/23/2013

In a market with rising consumer interest rates and resulting decrease in refinancing, how can retail bankers maintain or even still increase their loan production?

On Hold Message Mentioning "Competitive Rates"

09/03/2012

If we put an on-hold message on our phones that mentions we have competitive rates for refinancing home purchase, do we need to say Equal Housing lender after each message?

Receipt of Check Authorizes Cashing of Check?

09/07/2009

I work for a commercial real estate servicing company. We received a check from a borrower as a good faith deposit for a refinance, however, he did not give us verbal authorization to cash the check. Do we have to legally honor this request or can we move forward with cashing the check?

FACTA Notice to Home Loan Applicant

04/16/2007

Regarding FACTA Notice to Home Loan Applicant, if the bank does not pull a new credit report on a request to refinance an existing mortgage (or consumer loan secured by a 1-4 family residental property) do we need to issue the Notice to Home Applicant?

Is this Renewal HMDA Reportable?

04/16/2007

When doing a renewal, with or without new money, either a term loan or line of credit and the original purpose was either purchase, refinance or home improvement secured by dwelling is it HMDA reportable? The customer is going to sign a new Promissory Note but the account number and the note number is going to be the same.

New Scam Targets Homes Nearing Foreclosure

08/01/2005

A new type of scam that targets properties in distress has been identified in several states where pricing "bubbles" mean house prices have surpassed many people's ability to keep up with house pay

The New Bankruptcy Law: How Much Will it Help Creditors?

07/01/2005

Bankruptcy reform, which was 8 years in the making and vetoed by President Clinton, finally became a reality April 20 when President Bush provided his signature to a new bankruptcy law.

Is This a Permissible "Quid Pro Quo"?

06/06/2005

Can I offer a client a gift certificate of up to $500 good at the business they work at, for refinancing with my company?

HUD's Proposed Revisions To The GFE

08/01/2002

HUD has published a proposal to make significant changes to the Good Faith Estimate that lenders issue within three days of taking an application. HUD calls this a "simplification" of the GFE.

Statistics, Facts & Such

01/01/2002

It is estimated that this year Americans will use $80 billion in equity from their homes by refinancing. Fannie Mae, U. S. News & World Report, Nov.19, 2001, p40

Premium Content View All

Working Towards a Million

First Credit Union recently launched a campaign called "Working to Save You a Million" that is geared toward helping members find ways to save money.

Helping Homeowners in Trouble

Banks in the Midwest, including Ameriana Bank in New Castle, IN, are participating in a program designed to help homeowners having trouble making their existing mortgage payments.

Bankruptcy – First Things First!

08/02/2020

What should we do when we receive a bankruptcy notice?

CTR Scenario-Deposit in 2 Different Accounts

08/02/2020

I have a CTR scenario that I need guidance on: John Doe comes in and deposits $10,500 in cash into two different accounts. He deposits $9000 into an account that he owns by himself. He deposits $1500 into an account that he jointly owns with his girlfriend Jane. Does a Part One need to be filled out on the girlfriend Jane?

Latest Operations - Refinancing Topics

Pages

Pages

Pages

hot right now