VPP
Visual Audits
Funding Partners
Sept QM Markdowns
Errors, Overrides, Warnings & Arc:
100

This Admin(s) shows on Kia Branded Maintenance 

What is Fidelity or JM&A

100

The app would be in this sub-status after a contract is received with conditional approval

What is Verifying

100

Explain UiPath

What is a system that identifies/classifies each page in the funding packet, flags errors, missing information, and documents that require human review.

100

You will lose this many points if POR was stipped for both applicants but only 1 was received prior to funding

What is 50 points
100

Error: Calculated Sales Price is not equal to Sales Price indicates an error in this section and requires these steps

What is data entry error in the TIL section / funder should recheck data entry on the Contract Details screen

200

Products that are non-cancellable are considered.....

What is Front End Products
200

Program code 025 identifies this type of deal 

What is FBPP - Foreign Business Professional Program

200

The Action Center Team does this

What is they review UiPath results and manually clear/classify docs and research to understand why funding warnings are triggered

200

This funding mistake can cost you 50 QM points and may put you at risk of failing QM for the entire month. Funders should take extra care when placing this product.

What is Bundle NB or Other NB Backend

200

When this error/override is received funders should do this

1.Error   : Contracted front end advance exceeds the amount approved. Please reprice.

2.Override: Vehicle Advance Percentage (135.73) cannot be greater than 130.49.

What is place in AMA review

300

Name 3 cancellable back end product

Dent/Ding

Extended Warranty/Extended Service Contract

EWT (Excess Wear & Tear)

GAP

Key Replacement

Life, Accidental & Health

Platinum Bundle

Pre-Paid Maintenance (Oil changes)

Term Care/Term Protect

Tire & Wheel/Road Hazard

300

These steps should be taken if the Partner code is OL (Open Lending)

What is route the deal to special programs

300

Offshore funding venders work these hours

what is 24 hours a day!

300

Product placement was our #1 reason for QM mark down in Sept. 

Tell us where it product belongs.

What is Bundle NB or Other NB Document  

300

These are the ARC used for Letter of Correction 

What is 

  • Action Code: CORR
  • Result Code: CLRQ
400

Front End products are placed here on the Contract Detail screen

What is within the Cash Price section

400

Review Applicant screen to verify if Living Trust box is checked, if so, follow these steps... 

 

What is send to AMA Review to ensure Living Trust documents are validated and approved 

400

Change the app status to this when Credit Review is required

What is AMA review

400

If GAP is not sold you should do this action 

What is notate GAP not sold in Comments

400

This action is needed for the warning below:

Warning: LexisNexis identity verification failed, Please complete 4-way match

What is place in AMA review if Credit hasn't already cleared Lexis Nexis Identity Verification (LNIV) upfront 

500

These actions are required if the Dealer lists my name on the contract as Anji Daily

What is...

Validate name on bureau

Ensure all of the other supporting documentation in the file has the correct spelling

Document name validated 

Request a Correction Letter

500

Funders NOT skilled in working Balloons must:

What is 

  • Place the deal in Retail DDS Issue status
  • Send the application number to a Leader to be worked
500

BDM stands for this

Business Development Manager

500

This many points are deducted if Funder does not run final doc check 

What is 15 points

500

These actions are required for the override below:

Override: Backend Amount( 4567) cannot be greater than 3638.55

what is make sure backend and frontend products are placed correctly

if placed correctly = return contract

if not placed correctly = 

  • Update contract details in Daybreak to correct placement
  • Rerun edits
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