Good morning,
We have had a situation arise that we are unsure how to deal with. We have a loan applicant who is currently on short-term disability, which is less than their normal income. The applicant does not know how long they will be on disability. How do we determine the terms of the loan? If we use the disability as her income, the applicant could potentially be approved for less, but we do not know if/when their normal income will be reinstated.

Any guidance would be appreciated.
Thanks
T

If a borrower has two loans that are in process at the same time, is it customary to rely on just one signed 4506T form for both loans? It would make sense to me to have the borrower only sign one form because there is no loan number referenced on the form and you wouldn't order the transcripts twice as they are going to be the same.

Do you have a disclosure in your credit card application about member giving consent to CU to apply funds from their accounts to make payments when in default? Do you practice anything similar and/or maybe have heard others doing?

Good afternoon.  We are looking into installing GPS trackers into our higher risk collaterals.  Could anyone give me recommendations of companies to look into for pricing?  Also, pros and cons from anyone who has done this now or in the past?  

Thank you!

We rely on shared branch services for members to go make payments and now we see the need to use a third vendor to collect payments.

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