Are any of you familiar with the new BSA requirement changes effective May 2018?
When a deposit is made to an entity which box is checked for the person performing the transaction. They are also on the business account. The entity is 2c. Is the person conducting the transaction 2a or 2b?
Does anyone have any Negotiable Instrument Certification procedures that they can share. We currently have our internal audit department doing the certification but we are looking to have our branch do the daily, monthly or quarterly certification of them. thank you
Does any instituion currently keep the same account number when switching products? Example, I had a DDA but want to close that and open a SAV, but I want to keep the same account number. I understand a new disclosure would be given. I just want to know if other instituions are successfully doing this. Thanks
What do other institutions do that have large business customers that do international wire transfers, where the foreign party insist they need a SWIFT code, instead of using a intermediary bank?
Has anyone replaced their HMDA lobby notice with the new verbiage? Did you order it from a vendor? if yes, would you share the name/contact information. TIA
What is the industry using for small bank Loss Mitigation procedures? My institutuion does not currently have any and looking to start from scratch. Do all small banks have loss mitigation procedures and what made you get procedures in place? Examiners? being proactive? Thanks in advance!
We are trying to establish our policy for the new TRID requirements. Does anyone have a policy or sample they are willing to share? Also does anyone have an outline or procedures for training the lending personnel? Thanks.
We are a Jack Henry bank and are using Streamline Loans for document preparation. Need recommendations of what works for TRID and if possble interface with Jack Henry Silverlake core.
Is anyone willing to share their internal procedures for calculating DTI for taxable and non taxable income? Interested in if you required all loan officers to use the same method. For example, you get a pay stub from an applicant. Do you allow one weeks pay stub and then multiply it by 4 to get the monthly income or do you take the pay stub and multiply it by 52 weeks then divide by 12 to get the monthly income, or do you requier more than one weeks pay stub, etc.?