Dealers
Process
Terms
Underwriting
Products
100

A++, A+, and A reserve payout

What is 1%

100

First thing done when going in an application

What is update the Funding status to Processing.

100

Minimum amount to finance 60 months

What is there is no minimum

100

DTI means

What is debt to income

100

Max amount $1500

What is GAP

200

For what would you call a dealer

What is to notify of missing stips, follow-up on pending applications, and to notify of returning a contract.

200

Must be certified

What is a LendPro loan

200

Minimum amount to finance 72 months

What is $15,000

200

Calculate LTV

What is loan amount divided by value

200

Refundable

What are back-end products

300

Number of dealers and merchants

What is 220

300

Correct an incorrect VIN

What is an assignment form and updated title application

300

Minimum amount to finance 84 months

What is $25,000

300
Review Underwriting page for this

What is to verify the rate and Product Code

300

This doesn't require a signature.

What are front-end products

400

This dealer does NOT receive a reserve

Who is Springhill Toyota

400

Process for follow-up on pending apps

What is reviewing notes, call dealer, send another web message

400

Max term for a motorcycle

What is 72 months

400

Max LTV for C tier

What is 115%

400

Do this when the installment contract price is listed as less than the product contract price

What is move forward with processing (nothing)

500

Dealers with assigned number starting with 15---

What is dealers in Louisiana

500
After the social search, you do this upon re-entering the application.

What is read the comments.

500

Max term for a boat

What is 180 months

500

Max DTI for A++

What is 60%

500

Service Contract amount must not exceed this

What is the lessor of a maximum of 20% of the NADA/MSRP or $6,000
M
e
n
u