Profile for User: April

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  • February 16, 2017 at 10:12 am EST in reply to: Residential to Construction Permanent Loan Reporting #10652
    April
    Participant

    Our bank does not do Construction- Perm. We always do a separate construction term note and refinance into a new amortizing loan after construction is completed. Each loan is reported separately to the Credit Bureau.

    August 19, 2015 at 1:05 pm EDT in reply to: Flood Determination Stale Date #7313
    April
    Participant

    The Head of our Loan Processing Department said this is why we pull a flood AFTER we receive the appraisal instead of before, which I was unable to find but am fairly new to compliance so wanted to make sure I wasn’t missing something.

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