Misc
Minimum line size
Main Software
What is COLT?
Advisors can initiate these types of applications in the portal. Bonus 100 pts if you can tell me the max line size they can initiate in the portal.
What is individual and joint? 1 million
Singular loan party on an application
What is individual
Maximum line size
$25 million (but do occasionally go higher)
Note Software
What is nGage?
We quote this long for underwriting
What is 72 business hours (or 3 business days).
300 pt question i lied. List one type of party on a business application. Hint: it starts with an "M"
Manager or Member
Authentication Software
From start to finish, we quote this long for applications
7-10 days
Type of individual that commits to repaying the loan if the original party cannot
What is a guarantor?
Name of software used to fix client portal login issues
IDHub
Complaint tracking
What is Appian?
Do irrevocable or revocable trusts have the same social security number as the individual
Revocable
Name of party whose assets secures the loan, if not a borrower, this person doesn't have servicing rights
What is a pledgor?
Tech ticket software
What is JIRA?
_______ is the name of the person who commits to paying back the loan if the borrower cannot.
Guarantor
For trust applications, _______ is the name of the person who started the trust
Grantor