Share Secured Loans
The pledge of shares form is signed by this person in addition to the borrower.
What is the joint account owner/non-borrower?
This is required to be added by the LSR before applications can be sent to RTF.
What is the decision template?
This should be done with documents that are uploaded to applications that will cause Doc Download Errors.
What is re-uploaded?
Belco always charges the $86 lien fee for this loan type.
What is a clear title loan?
This type of credit card is eligible for a credit limit increase.
What is a Platinum Prime Visa?
This should be used when completing the assets screen for share secured loans.
What is the assets screen guide?
This is the max amount of applications Processors are allowed to pull each day.
What is 5?
This is the document required for VIN # verification for a dealership purchase.
What is the signed Bill of Sale?
This promo waives the $86 lien fee.
What is REFICASH?
This is the amount of time allowed for Auto Draft emails to be sent out once received from Finance.
What is 30 minutes?
These types of loans can be share secured.
What are share secured personal loans and share secured PPVs?
Errors found in applications made by both Processors and LSRs should be added to this log.
What is the RTF Incomplete Log
This is the document required for VIN # verification for an external and internal refinance.
What is the signed registration card?
This is when members are required to pay the $86 lien fee and Gap out of pocket.
What is when there is an LTV stipulation?
This is when it is acceptable to use the ID on file in Quest/IR as long as it is current.
What is a branch originated application?
This type of share secured loan requires a credit pull.
What is a Share Secured PPV?
This department can add applications to the RTF Queue.
What is Consumer Processing?
This can be manually generated for applications in counter offer status decisioned by Underwriting same day.
What is the adverse action form?
This is the cash out requirement for Internal Refinances unless otherwise stated by Underwriting.
What is $5,000.00?
What is the Processing chat?
This is where Sales lets Processing know that applications are RTF.
What is the comments section in the Consumer Processing Queue.
These documents are required in order to send Initial Auto Draft Documents.
What are IDs, Insurance card, and POI if required?
What is the Private Party Purchase Agreement?
This is where all Processing training and relevant documents are kept.
What is CLP Training on Teams?