Lending Resources
This document outlines how to navigate LOS and the steps for completing applications.
4.32.PR Loan Processing Manual
What does DTI stand for and what is it?
Debt to Income, compares the amount of debt that someone owes each month to their gross monthly income
This loan is best for members who need extra funds but don't have collateral.
Signature Loan
What should be done before starting an application for a member?
Review Symitar and Cunexus offers
If a member is purchasing a car from a dealership that partners with us, would that be direct or indirect?
Indirect
You would use this to view the current "as low as" rates for each loan type.
Internal Rate Sheet
What does LTV stand for and what is it?
Loan to Value, ratio that represents the amount of a loan compared to the value of the collateral
A member would like to earn points on purchases made with their card. Which product would be best for them?
Platinum Rewards Credit Card
What are the preferred income frequencies to use in LOS?
Hourly, Annually, or Monthly
True or False: A loan can be disbursed before receiving signed documents from the member.
False
This resource can help you write effective loan comments.
4.227.J Loan Comments for Accelerated Decision Job Aid
What does NDI stand for and what is it?
Net Disposable Income, amount of money left after payments for other liabilities
This product can cancel or reduce repayment of loan debt in the event of involuntary unemployment or hospital stay.
Debt Protection
Give an example of a situation where you would need to add a liability manually.
401k loans, child support, recent bankruptcy and mortgage is not showing, any accounts not showing under liabilities
What must be completed every time a member transfers outside loans to Advia?
HOT/Interest Saved Worksheet
What resource is used to help calculate income?
4.95.G Proof of Income Guideline
What does MBP stand for and what is it?
Mechanical Breakdown Protection, it is a product a member can purchase to protect against major mechanical expenses
What loan allows members to borrow funds while continuing to earn dividends on their savings?
Share Secured Loan
Which tab is MBP, GAP, and DPW quoted on in LOS?
Allied IQQ
What credit score factor is the most influential under VantageScore?
Payment History
You can use this document to see the max DTI and UDTI allowed for each loan type for various credit score ranges.
4.2.G Consumer Loan Guidelines
What does CPI stand for and what is it?
Collateral Protection Insurance, an insurance placed to protect Advia's financial interest in a vehicle when the member does not provide proof of insurance
This product is intended to help members who wouldn't qualify for GAP due to their LTV being low.
Depreciation Protection Waiver (DPW)
What section in LOS shows you why the application did not receive an auto-decision and requires further review?
Loan Review Indicators
When would a marital property notice appear in the document set?
If the member is married, resides in Wisconsin, and their spouse isn't on the application