ACRONYMS
WHAT DOES APR STAND FOR?
ANNUAL PERCENTAGE RATE
Name one of the two programs most commonly used by our dealers to submit applications
RouteOne or Dealertrack
Which officers offer direct loans?
ALL OF THEM
What transaction code is used for a regular payment?
323
I have a question about my escrow. Who ya gonna call?
David Ortiz
This acronym identifies a specific vehicle using a unique identifying code assigned when it is manufactured.
VIN
How many dealers are we currently partnered with?
A.) 15 B.) 20 C.) 25
15
DAILY DOUBLE JEOPARY FOR 2X POINTS:
What software company do we use to create a consumer loan?
BakerHill
What transaction code is used for a regular payment with an EP advance for one payment?
325
I keep receiving letters stating that I need to provide proof of my auto insurance. Who ya gonna call?
TERRI SCONCE, LORI CHRISTIANSON, OR JACKSON SHEPARD
This ratio compares monthly debt expenses to gross income and is expressed as a percentage
DTI OR DEBT TO INCOME
Who is our Indirect Lender?
Ryan Pogue
What is the difference between a secured and unsecured loan?
A secured loan has collateral; an unsecured loan has no collateral.
What transaction code is used for a payoff?
341
A caller wants to make an FNBB consumer loan payment using their debit card from another institution. Who ya gonna call?
Answer: Anyone on the south end of the staircase
Host note: Please call Leisha as a last resort! 😄
This ratio measures the loan amount relative to the value of the collateral securing the loan.
LTV OR LOAN-TO-VALUE
On average, how many Indirect loans are booked each month?
A.) 15 B.) 20 C.) 25
25
According to our FICO Score Guidelines, what score is considered an "A" credit grade?
720+
What transaction code is used for a principal decrease?
328
I need an insurance check signed. Who ya gonna call?
Any Loan Officer
This protection helps cover the difference between what a vehicle is worth and what is still owed if it is totaled or stolen
GAP OR GUARANTEED ASSET PROTECTION
FNBB began Indirect Lending in this decade, on 3rd Street.
A.) 60's B.) 70's C.) 80's
A.) The 1960's - more specifically, 1966
Which type of collateral does consumer lending give out the best interest rate for?
Time Deposit Accounts / CD's
What transaction code is used for a principal advance?
306
I need a lien release. Who ya gonna call?
THE FRONT DESK --> JACKSON AND/OR TERRI BUT ANYONE IN RETAIL SHOULD BE ABLE TO HELP