Joint intent is often something that lenders assume or take for granted. However, in the case of joint intent, even seemingly innocent assumptions can get your ﬁnancial institution into a lot of hot water. Joint intent falls under the Equal Credit Opportunity Act (Regulation B) and can carry with it violations of the illegal discrimination and the fair lending variety.
Fair Lending is one of the “hottest” topics with regulators at this time. Requiring spouses (or anyone) to sign a loan or the appearance your loan ofﬁcers are doing so is a signiﬁcant fair lending issue.
What You Will Learn:
Learn the who, what, when, where and how’s of documenting an applicant’s intent to be a joint applicant.
Who Should Attend?
Loan ofﬁcers, loan processors, compliance, audit and other loan operations personnel.
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