TOPIC: HELOC

Lendwell Demo Video

 "In the last few weeks, you've likely heard about Lendwell, a mortgage settlement platform that offers multiple services in one convenient location. A common question that we have received is, "What does the process look like in Lendwell?”. 

To answer that question, we've put together a short demo so that you can see how simple the ordering processing is with Lendwell. If you have any questions or if you're ready to try Lendwell for yourself, please reach out to us at hello@lendwell.com. We can get you set up today.

https://videos.sproutvideo.com/embed/a49ddbb61d18efcb2c/5e8c3c5ea10e53fb 

    FAIR LENDING: (HMDA)

    With the adopted amendments to Regulation C, referred to by the Consumer Financial Protection Bureau (CFPB) as the “Final Rule.” It brings with it a potential set of new challenges. The Final Rule adds 25 new data elements to the existing LAR data set, modifies, and expands many other existing elements. The lack of certain loan-level information in the current LAR data set has resulted in regulatory and enforcement agencies’ allegations of disparate treatment redlining based primarily on a statistical analysis of a mortgage lender’s application or origination rate in comparison with that of other mortgage lenders that are deemed to be its peers. Do the new data elements in the Final Rule improve fair lending or do they just allow for other areas of fair lending analysis to emerge and therefore present new challenges for mortgage lenders? Let me know what you think!

      Periodic Statements for HELOCs

      Employee at a credit_union ($313MUSA)
       Hi there,

      We are looking into making some changes with our statement provider and are hoping for some suggestions.  Also, we would like to revamp our HELOC statements and would like to get an idea for what other institutions are doing.  Does anyone have a template of a HELOC statement they would be willing to share?

      Help is appreciated.