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Commercial Applications

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  • February 8, 2017 at 1:41 pm EST #10627
    April
    Participant

    We have always used consumer applications for our commercial loans, but are considering using the Laser Pro generated commercial application. Is there guidance we need to consider and make sure the applications are compliant?

    February 13, 2017 at 11:35 am EST #10641
    rcooper
    Member

    Your LOS should provide an acceptable application. You might consider how you plan to document joint intent under Reg B. I have also seen commercial applications that include the Reg B appraisal notice. You should be able to find some samples online for comparison.

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