Most Popular Operations Content
Using Counteroffers and Denials Effectively
01/12/2025
While scrubbing files, I found a loan request for a HELOC that did not close due to the house being listed for sale. We can't take collateral that is for sale. The officer started a new request with a different loan product that closed. I believe the first request should have been denied when we found out the house was listed for sale. However, it is past our 30 day window and we also have to report for HMDA. How do we handle this?
Benefits of image-enabled ATMs/ITMs
01/12/2025
How do image-enabled ATMs/ITMs benefit financial institutions?
A Holding Account for Seized Funds
01/05/2025
I am inquiring about opening an account for local police department. They are needing a non-interest bearing account to hold money in that has been seized. The final disposition will be decided by the courts. Is it possible to open a non-interest account and if so how or what do they need to do in order to obtain this?
Reporting overdrafts in Attorney Trust accounts
01/05/2025
How does a bank in New Jersey report an Attorney Trust account when it is overdrawn?
Electronic lockbox
01/05/2025
What is an electronic lockbox?