Treasury Management
Name two ways a business customer can deposit a check without coming into a branch.
What are:
Merchant Source Capture AKA Remote Deposit
AKS Remote Capture
Mobile Deposit
This type of Mortgage will have an interest rate that does not change during the life of the loan.
What is a Fixed Rate Mortgage.
Character, Capacity,Capital, Collateral, Conditions are all categories of what fundamental principle of lending?
What are the 5C’s of Credit
These are the 3 Kasasa Qualifiers?
What are:
-Direct Depsoit/ACH Credit
-15 Debit card transactions posted & Settled
-Be Enrolled in E-Statements
This person recently relocated to Minnesota from Colorado and is the new Head of Equipment Finance for Falcon.
Who is Amy Gross.
The service offered which protects customer accounts from unauthorized paper and electronic debits.
What is Positive Pay
The cost you pay each year to borrow money, including fees, expressed as a percentage.
What is APR (Annual Percentage Rate).
A commercial loans primary source of repayment is?
What is Cashflow.
This is required to qualify for a Kasasa Saver?
What is a qualifying Kasasa Checking Account
The EF Division was founded in what year and was originally located in what location.
What is 2013 and Foley
Account type offered that enables businesses to offset service fees.
What is Analyzed Account
An account used to collect and pay property taxes and insurance on a home.
What is an Escrow Account.
A way for a bank to mitigate credit risk with start-ups is this program?
What is SBA or Small Business Administration
These are the 3 Kasasa benefits.
What are:
-Cash Back
-High Interest Rate
-Refunds on ATM withdrawl fees
-No monthly fees
-No minimum balance
The company, located in Cedar Rapids, IA that services all EF transactions.
Great America
Service that allows a customer to pay his employees via direct deposit.
What is Cash Management/ACH
This document provides an estimate of the mortgage loan’s terms, interest rate, monthly payment, and closing costs, and is required to be sent by the Mortgage Lender within 3 business days of receiving a complete application.
What is a Loan Estimate.
Well defined weakness is an example of __________ Risk Rating?
What is Substandard or Risk Rating 7
Name 3 features of Cash Management
What are:
-Direct Deposit employee paychecks
-Pay dividends to investors
-Pay vendors electronically
-Collect payments (fees, dues, donations, etc.)
What percentage of businesses utilize leasing and finance to acquire the equipment and solutions they need.
What is 80%.
Name the 4 fields Positive Pay matches when verifying a check.
What are:
Check #
Amount
Date
Payee Name
What is Falcon’s Mortgage Department niche?
What is Construction Loans.
$15,315,000 is Falcon National Banks ___________?
What is Legal Lending Limit.
The 3 features of the Analyzed checking account.
What are:
-Unlimited check writing and deposits
Earnings credit to offset fees
-Additional services such as CM, MSC, Positive Pay
What are 2 of the 8 reasons why businesses finance their equipment.
1. Finance 100%,2. Save cash, 3. Keep up to date, 4. Outsource asset management, 5. Accelerate ROI, 6. Customize terms, 7. Benefit from bundling, 8. Hedge against inflation.