Definitions
A vehicle's identification #
What is VIN?
Who is an agent?
When a loan is recently opened
What is New Contract?
Deductibles needed during any verification
What are comp and collision?
CPI is it's abbreviation
What is Collateral Protection Insurance?
Lender that charges a single monthly premium
What is SMP?
The # a Lender provides when calling in
What is a loan #?
Collateral is older than 3 months
What is Audit Notice?
What is Lienholder address?
Every memo starts with this
What is "who called"?
When CPI is not canceled in full
What is a partial cancel?
3 pieces to confirming the vehicle
What are year, make & model?
We receive notification insurance is no longer active
What is Insurance Canceled?
Have there been any ___ or ___
What are lapses or suspensions?
The two types of CPI memo
What are lapse and no lapse?
An insurance verification created outside of the loan
What is UTL?
You disclose nothing to this caller
Who is an other?
Insurance is received but found to be inadequate
Prior to asking CPI questions, confirm ___ & ___ w/agent
What are Insurance Company & policy #?
Memo on the call to avoid this status
What is follow up?
When a Lender pays Allied for additional or slightly different services, these are called...
What are Lender particulars?
5 parts to searching by borrower mailing address
What are street address, apartment, city, state & zip code
Insurance on file is older then a year and half
What is Re-Audit notice?
Where you process a midterm
What is Unitrac?
You must verify if there are these drivers on a BECU loan
What is excluded?