Source: https://store.lexisnexis.com/categories/product/loan-policies-manual-skuusSku-us-K36
Timestamp: 2017-04-30 09:17:54
Document Index: 71460746

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HomeLoan Policies Manual
View a sample of this title using the ReadNow feature Sheshunoff®'s Loan Policies Manual is a comprehensive credit policy manual for all lending activities throughout your organization. The manual focuses on reducing risk and gives you sample lending policies that will satisfy your regulators. By identifying weaknesses and controlling risky underwriting practices, you can avoid undue attention during on-site examinations. Even if you already have lending policies in place, this guide is useful to make sure everything is complete. The manual covers: • General lending standards • Consumer lending • Residential mortgage lending • Commercial real estate and construction lending • Non-real estate business lending • Specialized lending and credit extensions • Customer verification and authentication requirements • Workout credits and problem assets • Risk assessment and management • Processing loans over the Internet • Applicable laws and regulations Sample policies make it easy for you to customize documents and distribute them to loan officers. The risk tolerance and strategic objectives of the institution can also be tailored into your own written policies. Subscribers will receive a downloadable file containing editable forms
PART 1: GENERAL LENDING STANDARDS Section 1.1 Fundamental Principles of Credit Policy Section 1.2 Role of Board of Directors and Directors&rsquo; Loan Committee Section 1.3 Lending Limits and Credit Approval Authorities Section 1.4 Exceptions to the Financial Institution’s Written Policies Section 1.5 Guarantees Section 1.6 Real Estate Appraisals Section 1.7 Concentration Management Section 1.8 Environmental Guidelines Section 1.9 Insurance Section 1.10 Obtaining and Releasing Commercial Credit Information Section 1.11 Underwriting and Servicing Section 1.12 Financial Statements Section 1.13 Insider Lending Section 1.14 Lending Risk Management Section 1.15 Commitment Letters Section 1.16 Documenting Specific Types of Loans Section 1.17 Out of Territory Lending Section 1.18 Source of Repayment Section 1.19 Subordinated Debt PART 2: CONSUMER LENDING  Section 2.1 General Guidelines for Underwriting Consumer Credit Section 2.2 Consumer Revolving Credit Products Section 2.3 Direct Consumer Installment Lending Section 2.4 Home Equity and Home Improvement Lending Section 2.5 Consumer Loan Extensions, Modifications, and Collections Section 2.6 Lending to the Affluent Section 2.7 Servicemembers Civil Relief Act PART 3: RESIDENTIAL MORTGAGE LENDING  Section 3.1 Residential Mortgage Lending Section 3.2 Automated Residential Mortgage Underwriting and Origination Section 3.3 Construction Lending for Residential Real Estate PART 4: COMMERCIAL REAL ESTATE AND CONSTRUCTION LENDING  Section 4.1 General Guidelines for Commercial Real Estate Lending Section 4.2 Land Loans Section 4.3 Loans for Acquisition and Development Projects Section 4.4 Construction Lending Section 4.5 Revolving Lines for Home Construction Section 4.6 Long-Term Lending on Commercial Real Estate Section 4.7 Lending for Low-Income Housing Section 4.8 Real Estate Loans for Convenience Stores/Gas Stations PART 5: NON-REAL ESTATE COMMERCIAL LENDING  Section 5.1 Participations and Transactions with Affiliates Section 5.2 Lending on Accounts Receivable and Inventory Section 5.3 Equipment Lending and Lease Financing Section 5.4 Letters of Credit Section 5.5 Small Business Administration Loans Section 5.6 Indirect Lending Section 5.7 North American Industry Classification System Section 5.8 Lending to Small Businesses PART 6: SPECIALIZED LENDING AND CREDIT EXTENSIONS  Section 6.1 Other Unique Types of Borrowers Section 6.2 Lending on Stocks and Bonds Section 6.3 Other Uniquely Collateralized Loans Section 6.4 Overdrafts Section 6.5 ACH and Daylight Overdraft Transactions Section 6.6 Credit Scoring for Consumer and Small Business Loans Section 6.7 Lending to Equipment Leasing Companies Section 6.8 Lending to Contractors Section 6.9 Agricultural Lending Section 6.10 Dealer Floorplan Lending Section 6.11 Lending on Oil and Gas Production Section 6.12 Lending for Mortgage Warehousing Section 6.13 Lending to Trusts Section 6.14 Lending to Securities Brokers and Dealers Section 6.15 Internet Lending Policy Section 6.16 Lending to Nonprofit Organizations Section 6.17 Merchant Services Section 6.18 Money Service Businesses Section 6.19 Lending to Homeowners Associations Section 6.20 Lending to Governmental Entities PART 7: CUSTOMER VERIFICATION AND AUTHENTICATION REQUIREMENTS Section 7.1 Sample Customer Identification Program Section 7.2 Sample Bank Secrecy Act Policy Section 7.3 Risk-Based Analysis for CIP Programs Section 7.4 Identity Theft and Pretext Calling PART 8: WORKOUT CREDITS AND PROBLEM ASSETS Section 8.1 Administration of Workout Credits and Problem Assets Section 8.2 Nonaccrual Status Section 8.3 Charge-Offs Section 8.4 Other Real Estate (ORE) Section 8.5 Specialized Topics in Workout Lending Section 8.6 Capitalization of Interest Section 8.7 Impaired Loans Section 8.8 Actions and Strategies in Workout Credit Relationships Section 8.9 Workout of Commercial Real Estate Loans Section 8.10 Bankruptcy Section 8.11 Foreclosures PART 9: RISK ASSESSMENT AND MANAGEMENT Section 9.1 Credit Review Section 9.2 Loan Grading Section 9.3 Allowance for Loan and Lease Losses Section 9.4 Loans Over the Internet Section 9.5 ACH Risk Management Section 9.6 Interest Rate Derivatives Section 9.7 Automated Credit Facilities Linked to Demand Deposit Accounts PART 10: PROCESSING LOANS OVER THE INTERNET Section 10.1 Loan Advertising on the Internet Section 10.2 Posting of Regulatory Notices Section 10.3 Loan Applications Section 10.4 Processing Internet Loan Applications Section 10.5 Closing Loans in an Internet Banking Environment Section 10.6 Servicing Loan Accounts Over the Internet Section 10.7 Loan Error Resolution PART 11: APPLICABLE LAWS AND REGULATIONS Section 11.1 Applicable Laws and Regulations Section 11.2 Privacy Rule Section 11.3 Regulation B (Equal Credit Opportunity Act) Section 11.4 Fair Credit Reporting Act Section 11.5 Bankruptcy Reform: Significant Implications for Financial Institutions Section 11.6 Customer Identification and BSA Compliance Programs and Requirements