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Wisconsin Credit Union Foundation

Managing a Residential Construction-to-Permanent Loan – Start to Finish

Get the low-down on underwriting issues, compliance requirements and special documentation needed for residential construction-to-permanent lending – from start to finish! Checklists and sample policy language will be provided.

Aug 17, 2017 02:00 PM   -­­  Aug 17, 2017 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders
  • Compliance

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Description

Construction lending has many facets and requirements that must be considered, from safety and soundness guidelines to compliance considerations. This can make residential construction loans difficult and risky. Many issues can occur during construction, leaving lenders highly exposed, so understanding the risks is essential. This session will cover underwriting issues, compliance requirements, and special documentation needed for residential construction-to-permanent lending – from start to finish! Checklists and sample policy language will be provided.

Learning Objectives

  • Underwriting considerations (maturities, advances, LTV issues, appraisal guidelines, etc.)
  • Construction contract/agreement with the borrower
  • Compliance considerations for various scenarios, including single close/multiple close and single disclosures/multiple disclosures
  • How to handle and document requests for advances, draws, and disbursements
  • Regulatory compliance (flood, TRID, etc.)

Speaker

Ann Brode-Harner, Brode Consulting Services, Inc.

Download the brochure >>