Calculators and Tools
Forms
Retail Credit Processes
Lending Resources
Lending Manual
100

What special calculator can we use to figure out GDS/TDS for a member BUT we cannot add the calculator to the member's documents in the application?

Mortgage Calculator - Thank you to Dianne Borton for putting this amazing tool together!!

100

A member decides to payoff their mortgage and complete a full discharge - what document will they sign?

Residential MTG discharge request form.

100

Under the IBLOC process tool, what is the first step that must be done when starting this application in Doxim so the application will flow through properly for funding?

click AMEND

100

Where do I find the Doxim Lending Limits that came into effect as of March 2024?

Lending Limits Section

100

Where would I find the procedure for dealing with lending linked to an estate?

Section 1 

Estates - Handling Deceased Member Lending

200

If someone holds a construction mortgage with us and has requested a draw, what calculator would you use?

Construction Calculator - draw tab.

200

What document does a member sign to give us written consent so we can pull their credit report?

Loan Consent

200

If a member has commercial lending with us, what process is available to show us how to add commercial lending to an application so the aggregates reflect properly?

Doxim  Process - Adding Commercial Lending (under Financials tab).

200

What document lists our Approved Appraisers?

Approved and Declined Appraiser lists - Approved Appraiser List.

200

What is the standard term length for a consolidation loan?

Three years.

300

If a member has income that includes bonuses, commissions etc... what calculator would you use to calculate their monthly income?

Combined Income Calculator - Fluctuating income Sources Tab.

300

A staff member is renewing their mortgage.  What additional document do you include in their renewal package that shows the interest rate and payment they will get as a staff member.

Staff - related party MTG side agreement

300

What Doxim Process will show us how to set up one of the newer lending products that helps a new to credit member build their credit?

Doxim Process - Cash Secured Credit Builder Loan 

300

Where do I find the CUMIS product guides?

CUMIS - Product guides all listed there.

300

What section would you refer to in order to find out the procedure for extending amortization on a mortgage?

Section 4 - 

Extending Amortization - Uninsured Mortgages Only

400

What calculator can be used to get an estimate on a payout penalty for a mortgage?

Early Renewal Calculator

400

You've had a Consolidation MTG product approved. What document will the member sign that will show all the payments that will occur to payoff the internal and external debt being consolidated?  This document will show amounts being paid, and to what vendors.

Direction to Pay.

400

Are you renewing a mobile home loan?   If so, what item can you refer to in order to make sure you have all the right documents included in the application?

Checklists - Mobile Loan Renewal Checklist.

400

If you have a member who wants to buy a condo in a specific building, where would you look to ensure we can set up a mortgage on a condo in that building?

Declined Properties and Known Issues 

400

For construction mortgages, what is the percentage that must be factored in to cover potential cost overruns?

10%

500

If a member wants to renew ahead of the early renewal period as to take advantage of the lower interest rates that are in place, they also want to add in extra funds, and don't want to pay a penalty for doing this, what calculator can be used?

Blend and Extend Calculator.

500

A member has been granted a payment deferral on their loan.  What document do they need to sign for the loan clerks to put the deferral in place?

Payment Alteration

500

Where in this section do you find LINKS to 2024 Lending Experience Meetings?

Meeting and Updates Section

500

If you don't have access to BC Registry yet, where would you find instructions on how to set it up?

BC Registry Folder

500

Where would I find the information on the rules related to how long we keep files after a loan application is completed, declined, cancelled etc...

Section 1 -

Retention of Records