Most Popular Lending Content
New fingerprints required on a newly hired MLO?
09/29/2024
We have a new employee who was registered as an MLO at another financial institution. Upon updating their NMLS registration for our employment, we learned their fingerprints are over 3 years old. Can they still originate loans with us?
Disclosures for Payment Date Change
09/29/2024
When you are doing a modification to change a payment date on a loan do you need to give the Fed Box or other Reg Z disclosures?
USDA Loan Reconsideration
09/29/2024
When there is a reconsideration of value request for a USDA loan, does the USDA have its own policies/procedures in place?When reviewing other investors' procedures, I have felt that they have been clear. USDA has been one that has been a little less clear.
Do mortgage loan guarantors get loan disclosures?
09/29/2024
Should the guarantor of a mortgage loan receive a loan estimate?
APR was wrong on a TRID loan. Do we send a corrected post-closing CD to the borrower?
09/22/2024
An auditor just told us we have an APR violation on a TRID loan, and we need to make restitution to the borrower. Don’t we need to send a corrected Closing Disclosure too?