States
Name 1 State we cannot lend to with County Bank
AL/CO/CT/CZ/GU/KS/LA/MD/ME/MT/ND/OR/PA/PR/SC/VI/VT
Is this Borrower Trend Volatile
2021-200K
2022-225K
2023-180K
2024-195K
Borrower PSP File UOF state debt conslidation but also mention business expansion. There are no active businesses on TLO
Yes, UOF indicate borrower may have a business even though its not shown on TLO
Borrower provide Child Support income which is needed for file to work. C/S income will only last 40 more months. What do you do? Approve/Hub/Decline? Provide details
Approve - with capping.
Borrower lives in Thailand for 4 months out of the year we have expenses on PFS and a primary US address. Income is ok. Approve or decline?
Approve.
What is the starting Min Loan Amount for KS with Pinnacle?
20K
Approve/HUB
Volatile or Not? Provide explanation
2024 - 215347
K1 -
Hello 19421
HI - 18834
Bye- 177092
2023 - 41920
K1
Hi - 133946 + (37380)
Hello - (54646)
2022 - 105004
K1
Hello - 8388 + 99267
Hi - (2651)
HUB - big increase from prior year filed. Would hub for recent business income, would want a P&L for each business (we dont know if they are keeping all 3 since historically only 2)
Borrower states UOF is for Legal Fees. What are 2 things you would hub for ?
(Depends on UOF) obtain an explanation from applicant
Will business/income be impacted?
Will there be any additional liabilities? If so, please obtain b/p and statements if necessary
If supporting documentation- please provide
Borrowers paystub shows garnishment for C/S of 1200 and is paid Bi Weekly. What would you input on the PFS?
2600.00
What is the shortest and longest term for a County (regular) Risk Grade A loan
36 & 120
What is the Risk grade required for IA state and what is the max loan amount?
a/b & 65K
Borrower states 120K in income which includes bonuses and overtime. Calc is coming out to 82K (we see overtime and bonus on stub) and is a decline at 82K. Are you hubbing/declining. Explain each.
Trick Question: Situational. If everything is inputted correctly on the tool it will annualize and discount as needed by segment standards, but what if the borrower just started. We could hub for employment contract showing compensation see if anything is guaranteed. If we can see borrower has been employed and is dependent on variable income i would decline.
Name the most common (in BHG) type of occupations that gets a W2 but runs all income through a schedule C
FA or IA
Borrower works a full time job and a part time job (verified) what is the most conservative way to go about using the part time income, since its needed.
Using the regular YTD (no variable)
Which county state has the highest starting loan amount?
WY - 75K
We see affirm payments on bank statements
No, UNLESS its a substantial amount. Affirm payments are known to be short term and we do not always have bank statements.
When you see debts on CBR listed as "Managed by financial consolidation Program" list 2 main items you hub for?
1. Full agreement including all pages
2. Reason borrower went into a debt repayment plan