Most Popular Lending Content
Commercial credit vs. loan imaging
12/29/2024
What is the difference between commercial credit and loan imaging?
Five C's of Lending
12/29/2024
What are the five "C's" of lending?
CRA and Proper Loan Coding
12/29/2024
I recently started a new CRA role for a different bank. The new bank does not use Call Report codes to identify small business/small farm loans. They use class codes and collateral codes. I recently learned for all construction to perm loans originated for more than one year, that they are adjusting the class code to reflect what the class code will be after the construction phrase rather than reporting the loan to what is at the time of origination. Does anyone agree with this approach?
Imaging for Commercial Loans
12/29/2024
What is involved with commercial loan imaging?
Booking customer information for disregarded entitities
12/22/2024
We are in a Syndicated Deal (shared national credit) where the loan parties are all disregarded entities to an ultimate parent. The lead bank offered W9s but they showed the tax ID of the parent. The original closing docs consisted of a Perfection Certificate, which showed independent EINs, however two "borrowers" did not. For disregarded entities and for loan only relationships, can the CIFs be booked with the same tax IDs?