Docs Quiz 3

Question or Hint Answer or Word

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
Which of the following is not an acceptable retirement asset source 409A Plans (wrong answers: 401a Plans, 457 Plans, Thrift Savings Plan (TSP))
What additional document is needed when SSN card says “Valid for Work Only With INS Authorization Permanent Resident Card / Certificate of Naturalization
Bank statements must be dated within ___ to be accepted as proof. of income 40 days (wrong answers: 45 days, 30 days , 60 days)
How will a Giact BA Customer Code = CA22 be resolved? Evaluate if Giact input are causing error (SSN miskeyed? Mispelled customer name?)
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?)
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."