Most Popular Lending Content
Section 1071 rules
07/14/2024
Will section 1071 rules be covered in the program?
“Date the Rate, Marry the Home” an acceptable mortgage ad campaign?
07/14/2024
I’ve been hearing a new mortgage ad slogan: “Date the Rate, Marry the Home”. What is this all about, and should we adopt it too? It is catchy, and might garner us some new loan apps.
Understanding credit bureau score decisioning
07/07/2024
Are lowside and highside tracking used with credit bureau score decisioning, or does that just apply to decisioning with a custom pooled data scorecard? If so, what are appropriate thresholds?
Notifying borrower of an increased appraisal fee
07/07/2024
I am sending a revised Loan Estimate for an appraisal fee increase. What verbiage do I use to justify that the appraisal transfer invoice shows the fee is now $575 versus the $430 which was initially disclosed. This is an appraisal transfer from another lender., and I am not sure what the correct verbiage would be for this change.
Rate sheet
07/07/2024
Are we required to use a rate sheet for commercial loans?