Compliance
Point in time during an outbound call when the call recording disclosure should be read.
What is at the onset of the call?
Personal Investments that can be converted to cash.
What is liquidity?
What is FALSE?
The 3 Practice Solutions sectors in order of portfolio size.
What is Dental, Vet and Medical?
Centers of Influence, Marketing and Bank of America Enterprise are the primary _______ for Practice Solutions.
What are lead channels?
During your first conversation with the client, he indicates concern about his credit status as he recently went through a life change which impacted his credit worthiness. True or False: It is acceptable to discourage him from applying at this time?
What is FALSE?
Minimum credit score requirement.
What is 680?
Optional fee referenced on the Approval Letter that protects a client's rate regardless of any increase/decrease in the market.
What is the Rate Lock fee?
DAILY DOUBLE!!!
Product type for a client seeking to purchase or refinance a property used for healthcare practice locations.
What is a Commercial Real Estate loan?
This team services current clients who are interested in paying off their outstanding Practice Solutions loan or restructure the term/payment.
What is the Retention / Client Coverage team?
First action taken upon receiving a credit approval.
What is set the Rekey task in SLX?
Standard loan amount for a single doctor startup.
What is $700,000?
Scenario that triggers Pricing/Fee Exception Approval.
What is any deviation from target?
Product type for a client seeking to purchase and existing practice.
What is a Practice Acquisition (PSA) loan?
Partner responsible for working with the client, insurance agent and title agent to facilitate a client's real estate closing.
What is the Closing Coordinator (CC)?
Primary delivery method for sending Approval Letters and Conditions of Lending to clients.
What is DocuSign?
DAILY DOUBLE!!!
Standard Loan to Gross (LTG) for Startups.
What is NONE?
Rating dictated by credit that impacts pricing targets.
What is Risk Rating (RR)?
What is a Startup loan?
Partner responsible for managing the client’s budget, collecting invoices from vendors and disbursing all invoices on the client’s behalf.
What is the Project Consultant (PC)?
You received an unsigned Universal Credit Application on 2/1. The client returned the signed UCA on 2/10. You submitted to GUS ELO on 2/11. The correct application date in this scenario is______.
What is 2/11?
As it relates to Practice Solutions underwriting, cashflow measures ______.
What is Business revenue vs. Business & Personal debt?
The two required bank fees stated on the Approval Letter.
What are the Origination Fee and Administration Fee?
Loan product for clients requesting a startup loan who are seeking to purchase the building that houses the practice.
What is a SBA loan?
Partner responsible for collecting Conditions of Engagement on a Relocation request.
What is the Relationship Account Officer (RAO)?