CIP/Non-CIP
Name the four CIP elements for a Consumer Application
What are Name, SSN, DOB, and AOF
Route to this queue when you find 2 Red Flags or 1 Major Red Flag.
What is F98
You use this tool to verify a Banker when they call in about an application.
What is Connect Us
This tool is specifically used to verify Non-profit Business CIP elements.
What is Guide Star
This is the queue used for Initial Consumer Statement Alerts
What is F77
When the customer's CBR is blank or shows 000's this is my next step.
What is pull a new CBR
Complete this Major Red Flag: Utilization Rate of ___ or higher.
What is 80%
This tools is used as a last resort to verify CIP information.
What is LexisNexis
If a Beneficial Owner is listed on a Business Application, they must own at least ____% of the business.
What is 25%
This is the queue used for Extended Consumer Statement Alerts
What is F88
This Non-CIP element can be verified in trade lines or by calling the customer.
What are Balance Transfers
Complete this Red Flag: Utilization of ___ or less with seven or more revolving trades.
What is 10%
In this tool, you can verify CIP elements Name, SSN, and DOB even if they are color coded Black.
What is Innovis
This CIP element is required for Biz apps when using the 2 of 3 CIP verification procedure
What is Business Name
When viewing the Application History, if you see an app was in the queue, you must route the app back to that queue.
What is P96
This Non-CIP element can only be verified in Customer Assist or by calling the PA.
What is AU DLN
What is CR-A2
Retail Relationship Accounts must be open after this date to verify CIP criteria.
What is October 1, 2003
There can be up to ____ Beneficial Owners listed on a Business Application.
Four
These applications must be handled by agents in domestic sites
What are Disney applications or F30
These two CIP elements are required when using the 3 of 4 CIP verification procedure.
What are Name and SSN
"Cosigner" is the example of this type of trade.
What is Individual
This tool is used to view documents that have been sent in by a banker or customer.
What is EIV or iVault
A business must be registered for ____ days in the Secretary of State website in order to be used for verification.
What is 90
Military card applications with Consumer Statement Alerts - CSA are found in this queue
What is F66