Most Popular Lending Content
Reducing paper, keeping auditors happy
07/28/2024
Why might auditors prefer accessing digital loan files instead of paper?
Intent to apply for joint credit
07/21/2024
In reviewing our Consumer Loan Application, I noticed there is no formal Reg B section in which the Borrower(s) indicate whether they are applying for individual credit or joint credit. In my prior employment, the applications always included a formal Reg B section. Is this formal section required?
Commercial lender activity report
07/21/2024
What is a commercial lender activity report?
Post-maturity rate reduction on a HELOC ok?
07/21/2024
We have a HELOC that has matured, and the customer is having trouble repaying. Can we do a workout agreement on it (reduce the variable rate interest to thereby reduce the payment and give them a breather)?
“Date the Rate, Marry the Home” an acceptable mortgage ad campaign?
07/14/2024
I’ve been hearing a new mortgage ad slogan: “Date the Rate, Marry the Home”. What is this all about, and should we adopt it too? It is catchy, and might garner us some new loan apps.