Real Estate Loan Policy Update

Real Estate Loan Policy Template Update Detail - 01/09/07

What's New

Topic 3 - Definitions. Several definitions were added.

Topic 4 - Responsibility. Detailed responsibilities are now included for the following:

Board of Directors and Senior Management

Loan Committee

Chief Credit Officer/Loan Administration

Loan Officers

Compliance Officer

Credit Review and Bank Examiners

Topic 5 - Risk Management of Commercial Real Estate Loans. Includes the following subtopics:

General

Risk Management Overview

Commercial Real Estate Assessments

Risk Management Program

Regulatory Guidelines for Commercial Real Estate Concentration Risk

Topic 6 - Risk Management of Nontraditional Mortgage Products. Includes the following subtopics:

General

Risk Management Overview

Loan Terms and Underwriting Standards

Qualifying Borrowers

Collateral Dependent Loans

Risk Layering

Reduced Documentation

Simultaneous Second Lien Loans

Introductory Interest Rates

Lending to Subprime Borrowers

Non-Owner Occupied Investor Loans

Portfolio and Risk Management Practices

Consumer Protection Standards

Implemented Practices

Prohibited Practices

Topic 20 - Staff Training.

Topic 21 - Retention of Documentation.

What's Revised

Topic 2 - Policy Statement. The following subtopics were revised:

General

Portfolio Diversification and Concentrations

Exceptions to Policy

The following subtopics were added:

Asset Allocation

Market Conditions (formerly Topic 4)

Lending Limits

Loan Pricing

Loan Fees

Purchasing, Selling and Loan Participations

Insider and Affiliate Credits

Non-Discrimination Policy

Geographic Area Coverage (formerly Topic 3)

Topic 7 - General Credit Underwriting Guidelines. The subtopic entitled "Undesirable Loan Types" (formerly Topic 18) was added.

Topic 17 - Appraisal and Evaluation Program for Real Estate Loans. This topic was completely revised to mirror and reference a portion of our Appraisal Policy Template product.

Topic 19 - Mortgage Loan Brokerage Guidelines. The "General" subtopic was revised and a new subtopic entitled "Purposes and Scope" was added.

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$375.00 - List Price

- or -

$150.00* - Update Price

*Applies only to clients who have purchased our Real Estate Loan Policy Template within the last three years in addition to the following prior update (if applicable):

Real Estate Loan Policy Template Update - 05/23/05 - $50.00

If you have ordered this product after 12/09/06 you are eligible to receive the updated product at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.