Most Popular Lending Content
Modifications and borrower ficticious names
12/22/2024
When preparing the modification for a renewal/extension, if the borrower's fictitious name statement expired and we have re-filed for the fictitious name, do we need to indicate the new filing date in the modification agreement?
Reasons for routing paper loan files
12/22/2024
What are some common reasons for routing paper loan files?
Paper loan file routing challenges
12/22/2024
Why is paper loan file routing challenging for financial institutions?
Is your institution one of the 1,700 new HMDA reporters? Start here.
12/15/2024
Are you one of the 1,700 HMDA reporting institutions that was required to start collecting and reporting data ? Here’s where to start.
45 day letter/forceplacement time frames
12/15/2024
We have a question on the 45 day letter/forceplacement time frames. Can you give an example of the timing when a policy expires on 12:01 am on April 1st. The 45 day letter would go out on the 1st, when would you actually forceplace; the 46th day after the date of your letter? Please also clarify the FEMA lapses due to funding. Were you saying that if we have a FEMA policy in place and the government lapses the program, we are required to have them obtain a private policy or we need to start our 45 day forceplace process until the government reinstates the program?