Most Popular Lending Content
Charging a Technology Fee on Mortgage Loans
02/02/2025
Our management team wants to charge a Technology Fee on mortgages to recoup a portion of the cost of our technology costs (things like our LOS, POS, and verification services). The want to make it a blanket fee of around $275. I cannot seem to find any specific regulatory guidance on what a "Technology Fee" can include, but I am unsure whether we can charge to recoup the cost for tools we use for processing. Please advise!
Sources of information for doc prep
02/02/2025
What sources of information are used by doc prep teams when booking loans to the core?
Documents generated by doc prep teams
02/02/2025
What types of documentation are generated by doc prep teams?
Quality control during doc prep
01/26/2025
How can doc prep teams ensure additional levels of quality control prior to closing?
Is this Commercial Mortgage Loan HMDA Reportable?
01/26/2025
We have a commercial loan to an LLC for a purchase/construction loan for 18 months. the loan will be paid off when the property is sold. would this be HMDA reportable? if so, would we report this as a purchase?