Most Popular Lending Content
Loan estimates and referrals to subsidiary insurance
08/25/2024
We are in the process of implementing an insurance agency subsidiary owned 100% by the bank. We will not be quoting the agency’s rates on LEs or listing the insurance agency on the Services You Can Shop for Disclosure. However, our lenders will be referring mortgage loan customers to the insurance agency, so my understanding is the referral is what triggers the Affiliated Business Arrangement Disclosure requirement. So we are trying to figure that out. My question is, how should we provide an estimated range of charges for insurance? That could be vastly different depending on the home, location, etc. Any guidance would be greatly appreciated!
Cross collateralization in lending
08/25/2024
What is cross collateralization in lending?
Data fields for cross collateral tracking
08/25/2024
Which data fields are important for tracking cross collaterals?
Streamlining audit preparation with electronic loan documents
08/18/2024
Why might a virtual audit preparation require less administrative effort?
Documentation of approved/withdrawn applications
08/18/2024
I am auditing our withdrawn files. I was looking at a number of Approved-Withdrawn files and I was wondering if any documentation or any notation is needed?