Most Popular Lending Content
Construction loan with extension and flood insurance
02/09/2025
If an extension is built into a Security Agreement for a construction loan allowing a 6-month extension, would this constitute a MIRE event for a flood determination? The property is in a flood zone and the borrower does have flood insurance.
Is a mobile home loan HMDA reportable?
02/09/2025
I have a loan that will be secured by a mobile home only. Will this be considered a HMDA reportable loan?
Commercial credit analysis
02/09/2025
What is commercial credit analysis?
Commercial credit analysis process
02/09/2025
What is involved with the commercial credit analysis process?
Charging a Technology Fee on Mortgage Loans
02/02/2025
Our management team wants to charge a Technology Fee on mortgages to recoup a portion of the cost of our technology costs (things like our LOS, POS, and verification services). The want to make it a blanket fee of around $275. I cannot seem to find any specific regulatory guidance on what a "Technology Fee" can include, but I am unsure whether we can charge to recoup the cost for tools we use for processing. Please advise!