Show:
Lender Trivia
Company Policies
General Funding
Reliant Funders
Work Problems
100

What lender has an employee named Stacy Allen?

Channel Partners

100

What discounted lenders do we have automations to create documents in Zoho for? 

Newlane and Leaf.

100

Wet signed PDF Docs Require?

  1. A Witness Signature 
  2. A picture of their dog
  3. Drivers License

C- Drivers License 

100

What kind of farm animal does Amanda Hiltner interact with on almost a daily basis? 

Cows or Kittens! 

100

How many lines do you use on a tval for solving a PV with deferred?

3 lines 

200

We discount an FMV at Leaf. 

True or False?

False.

200

 If a customer does not have a Voided Check, what can we use instead?

Bank Statement (approved by credit) 

If no routing # must include Bank letter 

200

If broker insurance requirements aren’t in SharePoint or docs, you must do this.

Request them directly from the lender

200

Who has a dog named Harper?

Mel

200

You receive back signed Leaf documents, and the driver’s license shows the customer is a “Jr.,” which was not included on the original documents. What must be done to correct this?  

Collect a 2 way addendum from Leaf and send out via DocuSign

300

This Newlane Deal has 4 Vendors. What schedule will you need?

Schedule D

300

 Give me one way a sales rep can avoid the Large Advance waiting period?

Answers Include: 

  1. The customer can initiate the ACH and show proof.
  2. The customer can Wire us which shows up     almost instantly on our side.
  3. Customer can provide a current bank     statement snapshot. (if option 4 is not approved) 
  4. Credit can review most recent bank     statement to approve waiving the hold period based on past bank statement.     This     only happens if banks were provided on the deal.
300

What is the rate bump for a non-Bernal deal? 

.25 BPS

300

Name one of Julia's sons name

Carter or Josiah

300

What is the designated signor title for a Professional Association  "PA" ?

President, VP, Treasurer, etc.  

400

What is the minimum financing amount Leaf will allow for an EBO?

25k

400
  1. STEMWAVE deal at Newlane has which special EBO?  
    1. 12 month  
    2. 14 month
    3. There is no EBO required for Stemwave deals. 

A - 12 Month

400

What lender only requires verbal's on deals $250k or above? 

JB&B 

400

Name one of Amanda Irish's cats names

Chip or Finn

400

KLC solves their T-value with what type of compounding? How many days a year?

"Exact Days" And 360 Days a year 

500

What discounted funding source requires a stamp tax fee to be included in the upfront fees on documents for Florida and Tennessee?

Stearns

500

How many digits is a VIN?

17 digits.

500

What does ACH stand for?

 Automated Clearing House

500

What date of the month do all of Monica's daughters have a birthday on?

18th

500

What lenders do we collect the first 99$ deferred payment with TIP?

Leaf and Stearns