Title
Best Practices
Note Codes
Wild Card
Final Terms
100

What do we tell the customer to include with their title?

The reference ID number (Application ID)

100

What is best way to avoid final terms errors?

Copy & Paste

100
When the proof of income is worked/or bank statements are calculated

POIT

100

Who do we send email to when title needs to be sent back?

Refi Vault

100

What is the maximum payoff amount we can finance?

$50,000

200

What do we need to verify on the title?

YMM, VIN, LH & Applicant's name
200

How can a customer obtain a copy of their contract post-contract signing?

Download offer from Refinance offer page.

200
When verifying income with an employer.

OCVV

200

If we see O BI on cbr, what do we verify with the LH?

That it is an auto loan
200

How many days of Per Diem can we add to a previously obtained 10 day?

4 days

300

What is the address to send title to?

Capital One Auto Finance
3268 Progress Way, Suite 2024
Wilmington, OH 45177-7700

300

What should be done if the income does not guide and there is no additional income to send in?

Return the application

300
When adding an okay to talk to

OKTT

300

What should we do if customer applied with GM Financial but the title shows AmeriCredit?

Check one and the same LH list/Proceed BAU

300

We send out a new contract if the PO changes by this percent

5%

400

What is the only state can we accept front and back images of title from?

New York

400

If admin verf does not pull tradeline from CBR what step should we take? 

Copy entire tradeline from CBR into a VERF note.

400
When vehicle is confirmed commercial use, we would enter this note code.

FRAD

400

Which states are title holding states?

Kentucky, New York, Maryland, Missouri, Michigan, Minnesota, Montana, Oklahoma, Kansas
400

What must be verified with the same source for the vehicle interview?

YMM/Acct Number OR Acct Number/VIN

500

What source do you select in CLO if you used a buyers order to validate the title task?

Title Statement

500

What three verification points must we obtain and notate when completing commercial use questionnaire? 

1. Identify potential commercial use

2. Is this going to be your only vehicle?

3. Will you be using this vehicle for personal or commercial purposes?

500

When calling a customer but spoke to a 3rd party.

OCHO

500

If the vehicle was purchased or refinanced before 3/16/2021 in Michigan (and customer doesn't have title) what is the process?

File for Duplicate at DMV

500

What information from the call must be in your OCLV?

Only what was verified on the call.

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