SOP
General IB
Payments
Department
Acronyms
100

Name the parties who are able to approve a PSA Settlement with no additional funds required

Who is the Main App, Co-app, and POA?

100

This number represents the minimum percentage needed to pass QA.

What is 92?

100

If a clients DNL Status is in repayment, can we set up an ETCP?

What is No?

100

We review 4-5 calls for every inbound agent a month and provide a score and feedback to the representatives 

Who are the TL's 

100

SOP

Standard Operating Procedure 

200

This amount of days is needed to complete a skip draft

What is one?

200

Live Chat is available for how many portfolios

What is all (26)? 

200

A weekend draft is processed when?

What is On Monday?

200

We use the financial hardships of the client to work with creditors for a settlement that our clients can afford 

Who is Negotiations 

200

FDCPA

Fair Debt Collections Practices Act

300

When a negotiation case is set they have 30 days to complete - what do they have 3 days to complete

What is send POA?

300

True or False, the batch team reaches settlements with specific creditors only

What is True?

300

What are two transactions that cannot be completed while a draft is being processed?

What are adding debts, changing bank info, ETCP, Remove Debt

300

Processes all release forms for client refunds 

Who is Payments?

300

SLA

Service Level Agreement 

400

What is required to add a co-app to an existing program?

What is a new POA and all pages of the contract initialed/signed by the co-applicant 

400

Emails sent to clients are tracked in which section of which tabs?

What is the communications section of the related tab?

400

If a payment request is overdue and hasn't been completed within the SLA, who do you escalate to? 

Who is your TL?

400
This team receives an email if a client request Bankruptcy referral 

Who is the CLA ( co-located attorneys)/ In house Attorneys 

400

WIP

Work In Progress

500

Can a client request a lump sum payoff on a client direct settlement? ( non - lit)  

What is no?

500

What does P.R.E.S.S stand for in regards to cancellations? 

What is Proble, Reflect, Educate Sell & Save?

500

This many rebuttals must be attempted before any request to skip a draft is completed.

What is two?

500

We are responsible for creating all training courses in LMS

Who is HR/Learning and Development?

500

S.A.M

Strategic Account Manager 

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