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Lender Questions
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LTV EXAMPLES
100

What is the only case you do not need to do Ottoverify for?

AFCU application

100

What lender(s) requires wet signature docs?

Avid and Arivo
100

What regions does Kera cover for funding?

WA, NV, CO

100

What WA lender do we need an ATPI from?

Sno Cope

100

Book $21350

CP $25499

DP $10000

AF $18901.90

no other taxable - give me FE and OTD LTV %

72.59% FE 88.53% OTD

200

How much is the resign fee?

$50

200

What lender needs the book sheet saved and sent to dealer to be signed if there are book adds with value?

Whatcom

200

Where do you save the ottoverify PDF's?

Final folder

200

If its an AFCU deal and customer lives in TN what would you mark as qualification on the mem form and what form would you save in addition to the mem form?

any state PTA and the PTA form

200

BOOK: $13500

CP: 15000

DP: 1000

TRADE ALLOWANCE: 500

TRADE PAY OFF: 3000

AF: 16950

give fe and otd ltv %

FE 122.22% OTD 125.55

300

What is the proper step to take if the dealer does not have an LSS listed in apptraker?

email dealer support and CC Rylie and Jamie

300

What lender does not need a DL (without making an exception)

Avid

300

What is the lender code for AFCU for zoom

LH1604

300

what is the one case that we do not require customer to test drive, take possession, or be identified in person at the dealership?

Maverick signing (AFCU only)

300

book value $17750

CP: 17399.99

NO DP

AF: $20884.39

APPROVED 90% FE AND 140% OTD

ARE WE OVER ADVANCE AND IF SO WHAT DO WE NEED TO GET IT IN LINE?

YES NEED $1424.99 DOWN TO BE IN LINE

400

Where can you find the resources provided like the templates or reserves work book?

In the Scripts folder in DealFi one drive

400

What states can you NOT submit to golf in?

OR, NV, WY

400

How much more is the cost for Gap and VSC each different than the cost the dealer would see in their portal vs DealFi portal

$50 gap $100 VSC

400

For Safe CU in CA where do you need to go to get the RBP/SD to send with the docusign?

700 credit

400

BOOK: 15000

CP: 13999

NON TAXABLE ADD: 200

CASH DOWN: 1500

AF: 20884.39

APPROVED 80% FE 140 OTD - ARE WE OVER ADVANCE AND IF SO WHAT DO WE NEED TO BE IN LINE? OR HOW MUCH DO WE HAVE LEFT IN ADVANCE BEFORE MAX?

YES $699 DOWN FOR FE, $115.61 LEFT IN OTD

500

Name 3 reasons why we would decline a deal without sending anywhere

Past due on current open auto, Dismissed BK in the last 12 months, Charge off/Repo in the last 12 months

500

What lender(s) in WA will use either book as far as KBB or JD? (retail)

Whatcom and Whatcom

500

How do you handle a 700 quiz that wont give you questions or needs to be cleared manually?

Pull up the credit, ask 5 questions structured similar to the way 700 does, check they are answering correctly, note the questions/answer in apptraker. In 700 click manually clear/add notes.. add in note with questions/answers and "clear"

500

name two states that service contracts ARE taxable in

UT, NC, UT

500

BOOK 12000

CP 13500

AF 18999

CD 2500

TRADE ALLOWANCE 1000

TRADE PAY OFF 4000

APPROVED 80% FE 100% OTD

ARE WE OVER ON FE OR OTD %? WHAT AMOUNT(S) DO WE NEED TO GET THE DEAL IN LINE IF SO?

YES $4400 ON FE AND $6999 ON OTD

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