Most Popular Lending Content
Document sharing with third parties
09/08/2024
When might a financial institution need to share documents with a third party?
Related entity tracking
09/01/2024
What is related entity tracking?
Data fields for related entities tracking
09/01/2024
Which data fields are important for tracking related entities?
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?