Docs Quiz 3

  1.  
    List out the 13 Loan Uses & their direct pay minimum requirement
  2.  
    Which of the following is not an acceptable retirement asset source
    A. 401a Plans B. 409A Plans C. 457 Plans D. Thrift Savings Plan (TSP)
  3.  
    What additional document is needed when SSN card says “Valid for Work Only With INS Authorization
  4.  
    Bank statements must be dated within ___ to be accepted as proof. of income
    A. 45 days B. 40 days C. 30 days D. 60 days
  5.  
    How will a Giact BA Customer Code = CA22 be resolved?
  6.  
    How will a Giact BA Customer Code = CA21 be resolved?
  7.  
    How will a Giact BA Account Code = RT04 be resolved?
Answer Key
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Docs Quiz 3 (Answer Key)

  1.  
    List out the 13 Loan Uses & their direct pay minimum requirement
    50% DP required for loans >$15,000 Credit Card Refinancing  Debt Consolidation  FreedomPlus & ConsolidationPlus Refinance. 0%, unable to DP  Home Improvement  Major Purchase  Wedding  Travel/Vacation  Business Expenses  Auto Purchase  Medical Exp
  2.  
    Which of the following is not an acceptable retirement asset source
    A. 401a Plans B. 409A Plans C. 457 Plans D. Thrift Savings Plan (TSP)
  3.  
    What additional document is needed when SSN card says “Valid for Work Only With INS Authorization
    Permanent Resident Card / Certificate of Naturalization
  4.  
    Bank statements must be dated within ___ to be accepted as proof. of income
    A. 45 days B. 40 days C. 30 days D. 60 days
  5.  
    How will a Giact BA Customer Code = CA22 be resolved?
    Evaluate if Giact input are causing error (SSN miskeyed? Mispelled customer name?)
  6.  
    How will a Giact BA Customer Code = CA21 be resolved?
    Evaluate if Giact input are causing error (Mispelled customer name? Did consumer provide a Business Bank Account? Co-Applicant's bank account?)
  7.  
    How will a Giact BA Account Code = RT04 be resolved?
    "Verify bank account manually. Confirm with customer / bank what type of account this is. If not a checking or savings account, reject and require a valid deposit account."

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