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#557613 - 05/24/06 08:49 PM Assessment Area
Maya Offline
100 Club
Joined: Jan 2005
Posts: 154
South Carolina
Is a defined assessment area required for an loan production office location?

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#557614 - 05/24/06 08:51 PM Re: Assessment Area
CRAatBOK Offline

Power Poster
Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
No, an LPO is not a branch.
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#557615 - 05/24/06 09:04 PM Re: Assessment Area
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
What you have to be monitoring is the number of loans the LPO may be originating outside your existing assessment area. If that number begins to lower the percentage of loans originated inside the assessment area you may want to increase the size of your assessment area.

In any event you must have a minimum of 50% of loans originate inside your assessment area.
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