Most Popular Lending Content
Paper loan file routing challenges
12/22/2024
Why is paper loan file routing challenging for financial institutions?
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?
Is your institution one of the 1,700 new HMDA reporters? Start here.
12/15/2024
Are you one of the 1,700 HMDA reporting institutions that was required to start collecting and reporting data ? Here’s where to start.
45 day letter/forceplacement time frames
12/15/2024
We have a question on the 45 day letter/forceplacement time frames. Can you give an example of the timing when a policy expires on 12:01 am on April 1st. The 45 day letter would go out on the 1st, when would you actually forceplace; the 46th day after the date of your letter? Please also clarify the FEMA lapses due to funding. Were you saying that if we have a FEMA policy in place and the government lapses the program, we are required to have them obtain a private policy or we need to start our 45 day forceplace process until the government reinstates the program?
Life of the loan
12/15/2024
What does the phrase “life of the loan” refer to?