Vendor Guru Q&A - Lending

Latest Lending - Reporting Topics

Preparing Exception Reports for Lenders

03/08/2020

How often should exception reports be delivered to lenders?

Loan Portfolio Concentration Reporting

02/16/2020

How can we improve our portfolio concentration analysis?

HMDA Rule: Increase w/ New Loan Estimate Issued

03/24/2019

Under current HMDA rules, if a borrower submits an application for one amount and then requests an increase and a new loan estimate is issued, do we report the original amount requested or the increased amount?

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?

Home As Collateral Business Purpose-Reportable?

07/01/2013

I have a business purpose loan to purchase commercial real estate. The client is allowing his home to be taken as collateral along with the commercial real estate. It's a first mortgage on the home. Could this be a HPML? Do any RESPA disclosures apply and is it HMDA reportable?

Procedure for Terming Out a HELOC

06/24/2013

How is the best way to handle when a customer wants to term out a HELOC? Can it be accomplished by a modification or should it be considered as a new request? If new request would HMDA be applicable?

Unpaid Principle Balance for Purchased HMDA

05/13/2013

Reporting of purchased loans on HMDA. We have started purchasing loans and now need to report them on HMDA. For the section on Loan Amt - it specifies if it is a home purchase loan that we purchased 0 we enter the unpaid principal balance of the loan at time of purchase but it does not reference specifically what we use as the balance Original or unpaid prin balance)if the purchased loan is a home improvement or a refi. We have a consultant tells us that we report them all (purchase, refi or h/i) with the unpaid principle balance but in reading the HMDA guidelines and regs I am not sure if that is correct. Can you help clarify this for me?

Report on HMDA for Re-Repurchase of A Loan?

04/29/2013

Do you need to report on HMDA a re-purchase of a loan from FHLMC?

Late Fees and Insiders

10/27/2024

Overdrafts may be one issue, but what about a late fee waiver on a loan for bank director - would this be a violation of Reg. O?

Can we advertise a credit card product as “fixed” if it has a fixed introductory rate?

10/27/2024

We have a credit card product that has an introductory “fixed” rate that changes after 12 months to a variable rate APR. Management wants to really promote that fixed rate period, but I don’t think we can use the word “fixed”, can we?

Missing or incorrect file number on mortgage closing disclosure

10/27/2024

Is it a TRID violation if the File # is missing or incorrect in the closing information section of the closing disclosure?

Selective reporting to credit bureaus

10/20/2024

As part of an initiative to be able to sell to secondary market we need to set up reporting to all credit bureaus. Currently we only report to Equifax. I am wondering if there are any compliance concerns if we only report to all bureaus for some loans (mortgage loans) and not others (in house branch originated) or mortgages vs. other loan types, commercial vs consumer, etc?

Call report codes and agricultural use land

10/20/2024

We have a number of residential loans that sit on several acres of property that i would consider 1B if it were vacant, i.e., "usable for agricultural purposes." Should these be classified as 1C2A or 1B on the Call Report? The definitions leave room for interpretation. For example, a loan for a single family residence that sits on 100 acres.

Latest Lending - Reporting Topics

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