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Docs Quiz 2
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Name the tool that is used for initial and final review
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When will a bank call be attempted?
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List out the steps in the disbursement tab
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How many days must a Cplus/Fplus loan be open to qualify for a refinanceA. 180 days B. 90 days C. 120 days D. 60 days
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How long must a bank account be open to be used as a bulletproof jacket?A. 90 days B. 365 days C. 120 days D. 60 days
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If disbursements do not verify 50%, application must be declined.A. True B. False
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Circle all the websites used to verify phone & emailA. TLO.com B. USPhonebook.com C. Giact.com D. All of the above E. Google.com
Docs Quiz 2 (Answer Key)
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Name the tool that is used for initial and final reviewManual Underwriting Tool or MUW Tool
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When will a bank call be attempted?After attempts have been made to verify 50% direct pay and phone & email.
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List out the steps in the disbursement tab1. Enter balance on credit report & number of months its been open. 2. Check if re-uw required. 3. Check if Direct Pay eligible. 4. Fplus/Cplus disbursements
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How many days must a Cplus/Fplus loan be open to qualify for a refinanceA. 180 days B. 90 days C. 120 days D. 60 days
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How long must a bank account be open to be used as a bulletproof jacket?A. 90 days B. 365 days C. 120 days D. 60 days
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If disbursements do not verify 50%, application must be declined.A. True B. False
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Circle all the websites used to verify phone & emailA. TLO.com B. USPhonebook.com C. Giact.com D. All of the above E. Google.com
When you're ready to print, just click this button: Make Print-Friendly