Thursday, May 23, 2019
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Handling Loan Applications – What can go wrong?, Webinar

May 15 @ 1:30 pm - 3:00 pm CDT

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covered topics

  • Learn what specific information will help you to handle applications correctly.
  • What are the top five mistakes made in application processing?
  • Overview of application and timing of disclosures for consumer, mortgage, and commercial loan applications.
  • When does an application have to be in writing? Does it have to be signed? What are the signature rules for applications?
  • What are the rules for appraisal copies? Reg B did NOT exempt commercial purpose loans secured by a 1st lien on a 1-4 dwelling.
  • How do you properly document the “joint intent” to apply?
  • When is an adverse action notice required? What must it contain? Who receives one?
  • When can you pull a credit bureau? What documentation should be kept?
  • Recap of the collection of “demographic information” for HMDA reportable applications under the 2018 rules.

Venue

https://www.BankWebinars.com/Webinar/Details/3085/?idAff=81981