HELOC
Who can process a HELOC or Mortgage intake?
NMLS Certified employees
Which CC can you schedule to Skip a Payment one time per year?
TD Flex
How do you properly dual control?
Two eyes on what you are doing at all times
Up to how much can a start up business apply for?
25,000
When someone calls for interest rates what should our first question be?
What are the plans for the money?
When do you have to process the origination fee?
Before customer leaves at closing
Which cc has 0% Introductory APR for the first 15 billing cycles for balance transfers?
Double Up
How do you quote APR & APY
Say annual percentage rate or annual percentage yield before you use abbreviations
Is a cash based business considered high risk?
Yes
What percentage of the closed sale goes towards your SR bucket?
5%
How many do you have to let us know if you do not want to cancel the loan?
3 days
Which CC earns 3 points per $1 spent on Grocery purchases for 6 months or up to a $6,000?
TD Cash
Where do you sign off on the monthly activities?
Ecoach
If a customer filed for bankruptcy can they be approved for an SBA Loan?
Yes, depending on when the bankruptcy occurred as long as it was discharged over last 7 years
What is the difference between a rollover and a transfer?
Rollover is employer sponsored plan (401k) to IRA and a transfer is IRA to IRA
What documents should you collect at the time of application?
last two years tax return, last two paystubs, mortgage statement, proof of insurance, property tax statement
Which CC earns $400 Cash Back in the form of a statement credit when you spend $3,000?
TD Business Solutions
What day do you shred TIC work monthly?
16th
How many overdrafts is considered a knockout?
15
What is NPG?
Net portfolio gain ex: total your branches funds grow by
What is the ideal debt to income ratio for a HELOC?
Under 40%
Which credit card waives foreign transaction fees?
TD Clear
What are 3 reasons SDB would have a caution tag?
Rent past due, deceased renter, lost key
Up to how much $ can we lend to a restaurant?
50,000
What is the difference between a traditional IRA and a Roth?
Roth is after tax funds that grow tax free if held to 59 and a half and traditional is all pre-taxed that is taxed when taken out.