Property that has monetary value and is capable of providing future benefits to its owner.
What are assets?
100
A Personaline repayment plan is 3% or $75 whichever is greater.
What is True?
100
This is the type of Insurance we will use as collateral for a loan.
What is Whole Life Insurance?
100
The display on Fiserv Signature where you may find additional loan memos.
What is display 7?
200
This is a notice which informs an applicant that he/she has been denied credit, employment, insurance, or other benefits based on information in a credit report. The notice should indicate which credit reporting agency was used and how to contact them.
What is an adverse action notice?
These are prepared and mailed out by the Underwritting Department.
200
The legal claim or attachment, filed on record, against property as security for payment of an obligation.
What is a lien?
200
A $1000 minimum is required for an unsecured loan.
What is False?
The minimum is $2500.
200
$4000 is the minimum draw for this type of loan.
What is a HELOC?
A Loan Advance Form must be completed for these type of transactions.
200
The display on Fiserv Signature that indicates whether the customer currently is set up for auto debit on their loan and displays the account information.
What is display 24?
300
The formula used to determine how much the consumer can borrow against the value of their collateral.
What is Loan to Value ratio?
300
The paying off of debt in regular installments over a period of time.
What is amortization?
300
BNB offers a .25% discount for Auto Debit on all types of Loans.
What is False.
The discount is not offered on Personaline, HELOC, CD secured, 5/1 ARM Lot Loan and Employee Loans.
300
This is the number of years old a vehicle can be to be considered as collateral by BNB.
What is 7 years?
300
The phrase that should be said when quoting interest rates from the rate sheet or BroadwayBank.com.
What is the phrase "as low as?"
400
This is how many basis points are deducted off the listed rate if you are an approved military loan customer.
What is 25?
400
The act of assessing the value of something.
What is appraisal?
400
Mobile homes can not be used as collateral for a Home Equity Loan.
What is True?
Motor Homes, RV's or Tractor Trailors can be used.
400
The loan amount that would require a Market Manager approval on a CD Secured loan worksheet.
What is $50,000?
400
S.C. stands for this.
What is Suspension Criteria?
500
Any active duty or retired military personnel, reserve or national guard member, veteran, ROTC, or Academy cadet, their dependents, and Department of Defense civilian and contract personnel.
What is the definition of a military customer?
500
An upper limit for a variable rate.
What is a cap?
500
A homeowner is allowed only one Home Equity product (loan or line of credit) at a time on the same property.
What is True?
500
The amount of calendar days referred as the "cooling off period" on Home Equity Loans and Lines.
What is 12 days?
500
Broadway's Personaline rates are based on this index.