Monday, November 23, 2009

AVOID A $50 COMPLIANCE FEE!!

AVOID A $50 COMPLIANCE FEE!!

Be sure to complete the online “Loan Registration Form” for each new application that you officially complete. The Loan Registration Form must be completed for all new loan applications within 3-mail days of a valid loan application (an application is considered "VALID" when the borrower has asked you to proceed or you have received a fully executed loan application). You must also advise the Corporate Office via email once the loan status has changed to "denied", "withdrawn", or "closed". Also, make sure all disclosures are 'hand' dated by the borrower(s) within three days of the 'printed' date on the disclosures.