Policy
Procedure
Income
Misc
For Fun
100
At what UPB is a second appraisal and a tie-out required?
What is $500,000.00
100
The maximum amount of HOA assessments BB&T will allow in closing cost.
What is 12 Months
100
Credit Bureau BB&T utilizes for pulling credit reports.
What is TransUnion
100
The next step after a short sale or DIL is approved by management.
What is Send to SLR
100
Kim's dog's name (hint: could be found in a tool bag)
Who is Hammer
200
Document that requires all parties to disclose a prior relationship or affiliation.
What is Arms Length Affidavit
200
The future value BB&T predicts to receive at REO sale.
What is Net REO Book Value
200
True or False? Deferred student loans are excluded from income calculations.
What is False
200
Letter that is sent if it is discovered a complete package is missing documentation.
What is LM260
200
NFL team under fire for Deflate Gate
Who is the New England Patriots
300
True or False. A 1099 is issued on all short sales immediately after closing, with or without a promissory note.
What is False
300
Number of months property is to be listed at FMV before we will consider DIL.
What is 3 Months
300
If a client is paid on the 15th on the last day of the month, their pay cycle is?
What is Semi-Monthly
300
Number of days past the date in the incomplete package letter we offer as a department policy
What is 15 Days
300
Emily's youngest daughter's name
Rae
400
Compares monetary value of the short sale to the bank versus the value today of the future potential foreclosure event.
What is NPV
400
Able to review a short sale offer with a deficiency of $100,000-$250,000.
What is Section Manager
400
The 2 types of documents required to substantiate income.
What is Source and Receipt
400
Letter that is sent when we are waiting on 3rd party before decisioning.
What is LM410
400
The only room in the White House named after a foreign country.
What is China Room
500
True or False? We cannot consider a DIL if the client is in active bankruptcy.
What is True
500
Department that handles file after short sale completes.
What is Claims
500
True or False? A income calculator must be completed and uploaded for every file, regardless.
What is True
500
The two documents that make a complete package for a short sale gap.
What is Listing Agreement and Authorization for 3rd Party
500
Name 3 or more popular types of dances with five-letter names
What is Tango, Polka, Waltz, Mambo, Conga, Samba
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