Credit Policy
A loan collateralized by a CD
What is CD Secured Loan?
This is where you use opportunity IQ
What is Review Accounts?
This is where you input your application for a loan
What is crif?
Vault > Quick Links > Pricing > Rates
Where to find the rate sheet?
On the tax returns, this is the income from the business to the owner
What are K1's?
660
What is the minimum credit score?
What is the Somerset Team Folder?
HEIL
What is a Home Equity Installment Loan?
I change everday
Vehicle Checklist, 10-day payoff, Bill of sale, 2 paystubs, Copy of Registration, and Insurance.
What are the documents needed for an auto loan
This type of home isn't acceptable for collateral.
What is a mobile home?
Step 7
Someone who you send your documents to after the application is submitted.
What is a processor?
Annual Percentage Yield
What is APY?
Document you need to identify the amount the client is buying it for
What is a bill of sale?
85%
What is the loan to value on a home equity?
This is the part of Uncover opportunities for an FA referral.
What is Uncover - Investments/Insurance?
What is per diem?
Federal Reserve
Who sets prime rate?
We need copies of these for both spring and fall
What is annual property taxes? (RE Tax receipts)
What is longest term for a HEIL?
This person created the needs assessment coaching form?
Divide your total monthly debt payments by your total gross monthly income
What is a debt-to-income ratio?
2.00% over highest FNB Deposit Face Rate or 4.00%, whichever is greater
What is the interest rate calculations for a CD secured Loan?
I show your policy amount
What is homeowners declaration page?