SLO - Certification
SLO Certification Challenge
Test your knowledge on SLO certification processes with this engaging quiz! Whether you're a professional or a student, this quiz will help you understand the key elements of loan certification.
- 5 multiple-choice questions
- Evaluate your understanding of certification procedures
- Instant feedback on your selections
If the client wants to cancel the loan during the certification process (before the loan is certified, but after signing), what action do we need to take?
Tell the client to contact the school.
Withdraw the application and deactivate the account. No further action needed..
Slack UW telling them to cancel the certification.
Create ZD for school success telling them to cancel the certification.
If the client requests $30,000 and the school certifies $20,000, what will we approve for?
$30,000
Client will have to reapply either way.
$20,500
$20,000
What are we confirming when we certify the loan with the school?
Enrollment, Loan Purpose, Degree type
Enrollment, Eligibility for the loan, Degree type.
Enrollment, Loan Purpose, Eligibility for the loan.
Loan Purpose, Eligibility for the loan, Degree type.
When should we tell the client to contact the school directly?
Always
When it has been longer than 3 weeks
Never
When the client gets upset
When do we send final disclosures?
After the right of recision period
After signing
After the school has certified the loan, and has sent the certification back to us.
Before signing
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