Pricing
Credit
Products
iOriginate
Marketing
100

You can pay these to lower your interest rate?

What are discount points?

100

There are usually 3 credit scores for each client, which score do we use at BOFA assuming two clients on the loan?

What is the lower of the two middle scores?

100

What product offers 3% down payment and use of both the down payment and closing cost grants?

What is Affordable Loan Solutions?

100

What is the proper way to exit the iOriginate system?

What is click on log off?

100

What System is used for Sending marketing campaigns to clients?

What is Salesforce?

200

if you pay 1 percentage point to lower you rate on a $100,000 loan amount what's the cost?

What is $1,000?

200

How many days until the credit report expires and needs to be repulled?

What is 90 days?

200

What's the maximum loan amount we offer for a doctor loan?   

What is $2,000,000 ?

200

What are suppose to do when you see the pop up for Home loan navigator in iOriginate?

What is inform the client they will receive and email and have them sign up?

200

Where do we access our marketing flyers, brochures and presentations?

What is the Client marketing tool(CMT)?

300

A client is refinancing their home. They want to pay 2 discount points to lower their rate. They want to know if its worth it. What do you need to determine?

What is the breakeven point?

300

what is it called when a client places a security on their credit report and we receive an error and no score?

What is a frozen credit report?

300

Whats does FRLO stand for on the HELOC product?

What is Fixed Rate Loan Option?

300

What does the blue letters GV stand for in the pricing partition? 

What is Guideline violation?

300

What's it function called in salesforce when we need to get consent to call an client ?

What is Capture consent?

400

A client has been shopping rates and shows you they have found a better rate. What can you offer?

What is a Pricing Exception for competitive match?

400

What is it called when a client allows some one else to have use of their credit card?

What is an Authorized user?

400

What is the term of the HELOC product?

What is 30 years?

400

You have entered the address on a new purchase in iOriginate. The loan now meet the TRID requirements. What do you do to generate the Loan estimate in iOriginate?

What is hit Save and Close?

400

What does MIC stand for?

What is May I Call?

500

What is the minimum lock period for a first mortgage interest rate that BOFA allows?

What is 45 days?

500

When are you able pull Credit on a clients application?

What is you received permission from the client?

500

What is the Maximum line amount on a HELOC with no fees?

What is 1,000,000?

500

When you are paying off a mortgage in the reo screen for a refinance what is the designation you select from the drop down?

What is paid at close?

500

What is the Service level Agreement(SLA) for calling back and new Client in Salesforce?

What is 24 hours?