Most Popular Lending Content
Document preparation for lending
01/26/2025
What is involved with document preparation for lending?
Quality control during doc prep
01/26/2025
How can doc prep teams ensure additional levels of quality control prior to closing?
Is this Commercial Mortgage Loan HMDA Reportable?
01/26/2025
We have a commercial loan to an LLC for a purchase/construction loan for 18 months. the loan will be paid off when the property is sold. would this be HMDA reportable? if so, would we report this as a purchase?
Challenges with “document-centric” ECMs
01/19/2025
Why might a document-centric ECM pose challenges for financial institutions?
Postponing a new loan at borrower's request
01/12/2025
I have a customer application for a home loan to be used for home improvements. We have run the credit report and approved the application, and she has signed the intent to proceed. We just got back the appraisal. Now, she has says that her contractor may be 5-6 months away from beginning her project and she wants to wait until then to do the loan. Am I able to let this sit that long? How long can we sit on this same application? I've never had something like this happen before.