LENDING
When does early renewal period start?
120 days prior to maturity
What are the 5 steps to onboarding the TD way?
Saving, ODP, Credit Card, Referral, Making Banking Easy
What is the minimum # of employees needed to open the branch?
3
What's the minimum goal builder you need a week?
2
When did Michael Warren join TD?
January 2023
What is the difference between porting and replacing a mortgage?
Porting waives all or part of the prepayment compensation charge, and allows customers to take their current rate and term.
Mortgage Replacement Policy waives all or part of the prepayment charge when a customer has already paid or is being charged 3 months compensation on the discharge of an existing Mortgage/TD Home Equity FlexLine, (referred to as FlexLine) FRAO and is replacing it with a new closed term Mortgage/FlexLine FRAO taking a new rate and term.
Which of the TD Credit Cards include an Uber Membership for 12 months free?
First Class Travel Infinite
What is the minimum level you need to perform the premise check?
Level 4
What is the maximum annual and lifetime contribution limit for FHSA?
$8000
$40000
Which branch managers are sisters?
Carla Waldmo and Karen Becker
What is the minimum rent guideline on a lending application for Manitoba? If it is owned by spouse, what is the %? If it is live with parents, what is the %?
$800
50%
25%
What is the total $ value of New to Canada Package?
1 per quarter
What is the minimum time period that funds need to be in your FHSA before it can be used for a down payment?
0 - No time period
What are the 5 ways to go beyond?
Be customer obsessed
Develop our colleagues and careers
Drive growth
Operate with excellence
Simplify - the branch environment
What is the new tolerance limit for housing costs? (in regards heating, annual property tax, etc on a subject property)
$750
Tolerance limit of up to an aggregate of $750 can be applied towards total housing cost i.e annual property tax, annual condo/strata/HOA fees or annual heating expenses on a subject property.
• This tolerance can be applied when there is a variance in housing costs between what the Underwriter has conditioned and what the sales channel has confirmed.
• This tolerance only applies to manually adjudicated deals where proxy values for housing costs are not used, and a condition to confirm property taxes/condo fees is added.
• Tolerance can only be applied providing that at the time of approval GDS < 34.00% and TDS < 41.00% and minimum application income of $75,000.
• Note: Underwriters must provide the GDS/ TDS displayed at time of approval in the commentary back to sales channel when a condition to confirm property taxes/condo fees is added.
What is the cumulative interac tap limit?
When an employee transfers to another branch, are we required to change combs?
Yes
Single only
(2 business days)
What are the 3 requirements for a BM to be registered with TDIS?
A current Mutual Fund Representative license;
A minimum of two years of mutual fund industry experience; and
Successful completion of any one of the following exams:
Who has been the longest serving BM in our district?
.... you guys decide :)