| Fair Lending is a topic that requires continued attention in the mortgage industry. Many state laws are being enacted for mortgage organizations to prove tangible net benefits to the borrower. As a normal course of business, lenders should have a plan in place, and adhere to Fair Lending Laws and their own internal policies.
Need to get your plan in place? AllRegs can help. Our Anti-Predatory Lending Policy Manual Template will address these laws, and now you can take our plan and run with it. This plan is ready for implementation in your organization and could be utilized to support your company’s needs with regard to having a fair lending plan. Ready for personalization with your company’s name, this 30+ page customizable plan template may support meeting your Fair Lending policy requirements as well as for the following regulations: the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHAct), Fair Credit Reporting Act (FCRA), Home Owners Equity Protection Act (HOEPA), Flood Disclosure Act, Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TIL) and the Fair and Accurate Transactions Act (FACTA).
The Anti-Predatory Lending Policy Manual Template is a part of the AllRegs Policy and Procedure Manual Series. It is a complete plan, ready for personalization with your company or organization’s name. You can even customize it to include your own internal policy and procedures. Check one item off of your FHA Mortgagee Approval document checklist…order your FHA & VA Quality Control Plan today!
The plan features the following the benefits:
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Complete AllRegs’ Anti-Predatory Lending Policy Manual, saving you development time and resources
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A 28-page plan template is delivered via email within one business day after purchase
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Complete sections on a Borrower’s Ability to Pay and Net Tangible Benefit
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Includes checklists for approved loans, and borrowers with non approved loans
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Formatted in an editable MS Word document
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Ability to personalize the plan or manual with your company brand by performing a simple find and replace function
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Customizable by you, with your internal policies and procedures
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Ability to add, delete and update your plan to suit the business model of your organization
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Meet your regulatory or internal compliance requirements
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Affordable one-time purchase fees
Pro-Publishing
Pro-Publish your manual, including your company procedures, in AllRegs Online as an upgrade to your complete policy manual solution. |
