Vendor Guru Q&A - Lending

Latest Lending - Management Topics

Qualifications for Loan Committee

04/30/2023

Does a person have to be an employee or director of a national bank to be a member of that bank's Loan Committee?

Is loan approval authority by loan or aggregate debt

02/05/2023

When making a new CD secured loan of $50,000, our aggregate exposure with the borrower will be $1,500,000. The bank's board has delegated lending authority to the underwriter of $650,000. Does the underwriter have the authority to approve this loan secured by the CD or does it have to be approved by the Loan Committee due to the aggregate debt?

Safety and Soundness Topics in Comptroller’s Handbook

01/24/2021

Which safety and soundness topics are covered in the Comptroller’s Handbook?

Loan Portfolio Metrics

06/28/2020

What are loan portfolio metrics?

How accounting solves business problems

12/03/2017

How does financial analysis factor into a company’s product launch decision?

Accounting is cool and versatile?!

11/26/2017

Accounting is cooler - and more versatile - than you think.

Networking

11/26/2017

How do I build my professional network?

Task management software

08/06/2017

What's the best way to track lending tasks?

Do Electronic Exception Management Systems Reduce Errors?

04/21/2014

Do exception tracking systems reduce errors in exception management?

Do Most Banks Use Electronic Exception Management Systems?

04/21/2014

Do most banks use electronic exception tracking systems?

Bulk categorizing exceptions for all documents of a certain type

11/03/2024

What is the potential benefit of bulk categorizing exceptions for a specific type of document?

Maintaining an “arms length” distance from settlement service providers

11/03/2024

Is it okay for us to share subscription services that the bank has access to with our mortgage service providers?

Loans Require Deposit Account

11/03/2024

To get an auto loan our credit union requires the person to be a member. This requires a deposit/share draft account. Is this an allowable requirement to qualify for a loan?

Rate sheet

11/03/2024

Are we required to use a rate sheet for commercial loans?

FCRA Signature Required?

10/27/2024

We are transitioning to a new loan software program and have noticed the Negative Information Disclosure document provided at closing is not providing a signature line for the borrower to sign. Our current loan software has the signature line that isn't removable so we have always assumed it was required. I cannot find any information in the regulation that a signature is required. 1) Is a signature required and 2) If it is not required to obtain signature, is it required that we retain a copy of it with the closing package to show examiners it was provided at closing? It just seems odd from what we have always seen and would like to know if we should request a signature line be added.

Latest Lending - Management Topics

Pages

Pages