NESTING JEOPARDY (SUDDEN DEATH)

voe (exhibit I)

100

• Buyer is W2 employee, we have 2 month of bank statements showing direct/payroll deposits. Can you clear it without an exception? 

Yes

200

We have cdl on file, no poi, who can clear that level of exception?

Team lead

300

What level of exception is it to use an LES as voe?

(team lead)

400

You get indirect on landline ties back to the business,(Rep confirmed yes active). Paystub on file, as funder can you proceed without an exception?

Yes

500

If you have job letter on file, you want to use it for voe. Whats your first step?

(Validate the job letter

exhibits s (west coast)

100

New unit in ca, what title document do we NOT need?

• ROS

200

What state can we proceed without hole check if listed on risc?

CA

300

What credit apps can we take for NV?

(Shylia will know

400

Whats 3 states do not require Buyer order?

NV, CA , Nebraska

500

In co, what is the max front ltv where gap can not be sold

150%

(CC/CXT)

100

Mobile CC, buyer gave higher sales price, then whats contract. Whats your first step?  

call the buyer

200

Buyer stated SP is higher than the contract on the mobile CC, are we OKTP?

Yes.

300

MMI is present on the welcome call, name 2 dealers we can take verbal confirmation for?

(AutoNation, Mike Maroone, Enterprise, Hertz, AVIS, and Echo Park

400

On the welcome call buyer states their wife is primary driver. Name the two things we need to proceed

list as ref in aos and insurance card showing as driver

500

Name 3 reasons why you want to file CXT?

(major mechanical issues,Increased sales price (+$400),Dealer ratings of 1 or 2, Power booking (if contract discount adjustments DB fires),Falsified / forged documents,Straw purchase (non-dependent or spouse, Coached customer,

• Customer unaware that warranty products were optional, Deferred down payment500

(POI)

100

Buyer is in the military, what 2 documents can we use to clear poi?

les and bank statements

200

What are 3 diff income cal?

hourly, standard, bank statement

300

What level of exception is it to use ssi awards letter as poi?

TL

400

If the number ties back to the business, employer provided poi info, can you clear without an exception?

Yes.

500

Medicare Taxes outside of tolerances BUT voe is completed, can you clear

 yes

Deal breakers

100

You are reviewing cda income deal breaker. Before sending to uw, what is your first step as funder?

Recalc the income

200

Summary of fees is too high deal breaker is firing. Whats your first step as funder?

(review fees and compare to the risc

300

Primary Borrower work number details have expired, whos takes care of this deal breaker?

Funding.

400

Primary borrower and/or Co Borrower have existing active accounts. Whos does this deal breaker belong to?

UW.

500

Loan to value is equal to or less than 70% including GAP is firing. Whats your first step before sending to uw?

rebook