Most Popular Lending Content
TRID property addresses for multiple property loan
01/05/2025
Our institution does bridge loans where we take both the property being purchased and the borrower’s current primary residence as collateral. Both properties get listed on the Note and Mortgage. These are treated as a purchase. Do we need to disclose both addresses for this type of transaction on the LE and CD, or would that only be the case if they were refinancing multiple properties or purchasing multiple properties in one transaction? Would the fact that they are purchasing a new home using the equity in the current home that will be sold make it so we would not have to disclose both addresses and only the property being purchased? Currently, I think we would have to disclose both, but want to ensure I am interpreting comments 1026.37(a)(6)-3 and 1026.38(a)(3)(vi)-2 correctly.
Reporting Nursing Facilities
01/05/2025
Should skilled nursing facilities be reported as owner-occupied or non-owner occupied in a Call Report?
Reasons why commercial loan imaging is unique
01/05/2025
What makes commercial loan imaging unique compared to other imaging use cases?
Challenges of commercial loan imaging
01/05/2025
Why is commercial loan imaging challenging?
Five C's of Lending
12/29/2024
What are the five "C's" of lending?