Handling Loan Applications – What can go wrong?, Webinar

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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.