Real Estate
Equity
Equity
Ture or False: We can put a fixed Home Equity in first position?
False
What is our current minimum days timeline for a loan contingency?
12 days
How many BLC huddles are you required to facilitate?
2
What are you required to state when quoting rates to a Member?
NMLS number
In the Friends Sitcom, Phebe Buffay is known for using fake names throughout the show, what is one of those names?
Regina Phalange and Princess Consuela Banana Hammock
On an investment property, Member completes application for $500k. What must the BLC do?
Lower amount to no more then $150k
True or False: Qualifying teammembers can benefit from an additional $3000 credit towards closing costs when purchasing a home through the Credit Union.
False, it's $2000
What is required for all Member consultations and our recent focus for your 6 Module Training courses?
Building Rapport
Name your two Out of Office Buddies?
(response will be verified)
How many minimum hours do you need to work on Saturday to receive your additional “Other” hours?
6 hours
What is the "Loan Purpose" if the Member is only paying off credit cards (no home loans)?
Cash Out Other
What are you required to offer the Member once you receive a fully executed purchase agreement?
Offer to Lock or Float Rate
What is the “request” called on Workday to input your PTO/Vacation?
Absence
How many years of Service does our newest VP, Israel Frias have with SchoolsFirst?
35 years
What two things must you complete on Outlook before going on PTO/Vacation?
1. Automatic email reply
2. Forward Encompass uploads to helpdesk
What is the "Loan Purpose" if the Member is paying off a home loan + home improvement?
Debt Consolidation
What is our maximum loan amount for a 30 Year Fixed Purchase with 20% down?
$2.5M
What are you required to disclose when making an outbound call to a Member?
NMLS Number
What box in the VOL section do you need to check if the Member is paying off a credit card or installment loan?
"this Debt is NOT SECURED TO subject property"
What step is required prior to working any overtime?
Management Approval
What is the maximum loan amount for Fixed Equity Loans on Manufactured Homes?
$500k
****Daily Double****
On an FHA Refi Loan, what is the LTV limited to ___% when the borrower has occupied a property less than 12 months?
85%
Where do you notify your AM for a Timecard correction?
What is Real Estates Mission Statement?
Helping Members achieve their dream of home ownership and financial goals one Member at a time.
What system should you be utilizing to contact Members during business hours?