Campaign Overview
April 1, 2019 to May 31, 2019
What is The dates of the All In Loan Sales Campaign
Auto pay from this type of checking account is needed to get the best HELOC promotional offer rate.
What is Banner's Best Checking Account
(Auto pay in conjunction with Banner's Best Checking account is needed to get the best HELOC promotional offer rate)
OOCRE stands for
What is Owner Occupied Commercial Real Estate
The estimated closing costs on a Home Equity Line of Credit under $250,000 promotional offer if an appraisal is not needed.
What is Zero $0
The types of loans that will count for the All In Loan Campaign.
Multiple answers are correct (any type of consumer and QS loans counts towards meeting the branch campaign goal which are based on your branches budget loan goals. (Standard rate sheet rates apply)
To receive the best HELOC rate of 3.50% APR client must have a minimum FICO Credit Score of _______ in addition to auto pay with a Banner's Best Checking Account.
What is 750
Minimum and Maximum loan amount for a Quickstep Owner Occupied Commercial Real Estate Loan.
What is between $50,000 to $1,000,000
We are offering our clients this product during the All In Loan Campaign with a direct mail offer.
What is the HELOC MasterCard.
Any questions on the campaign should be directed to this person
What is a Retail Division Manager (RDM)
APR stands for what 3 words.
What is Annual Percentage Rate
Initial 5 year and 10 year fixed rate for our QuickStep OOCRE Promotion which includes a 1% discount for automatic payment from a Banner Bank account.
What is 4.99% What is 5.50%
Fully amortized for up to 20 years and includes automatic payment from a Banner Bank Business Checking account)
Will the promotional fixed rate be available for existing HELOC clients?
What is no. They will be eligible for the fixed rate options as shown on the standard rate sheet, which includes a $75 Change in Terms fee. During the campaign the standard 12 month fixed rate option will be as low as Prime (5.50%). They will be given the rate based on their original credit scores. This also applies to existing HELOC clients who apply for an increase and their rate will be based on their updated credit scores at the time the increase request is submitted.
Home Equity Line of Credit, HELOC MasterCard and Quickstep Commercial Real Estate Loan.
What is featured promotional offer All In Loan Campaign Products
Maximum loan to value of for promotional HELOC offer.
What is 80%
The loan fee for a Quickstep Owner Occupied Commercial Real Estate Loan
What is 0.75%
Home Equity loans need to be signed by the client by May 31, 2019 to allow time for this to expire.
What is Rescission Period
These types of loans qualify for meeting your loan campaign goal.
What is all consumer and Quickstep loans
Waived the first year
What is the $75 Annual Fee
QuickStep Loan applications and other program information can be found here.
What is MyBannernet
Each morning we receive an email showing the application turn time for Consumer Loans, Quickstep loans and Credit Cards. This will show you the time frame you can anticipate a decision for full applications so you can clearly set our clients _________ for a decision on the request.
What is expectation