New QC Review - UW
Fraud Alert & UW Compliance Quiz
Test your knowledge on financial underwriting and fraud alert processes with our comprehensive quiz. Designed for professionals involved in finance and underwriting, this quiz will help you sharpen your skills and ensure compliance.
- 10 challenging questions
- Multiple choice and text-based responses
- Interactive learning experience
Where do you locate a Fraud Alert warning message?
Credit Bureau Report (CBR)
Membership data
Product details
If there is a fraud alert (extended or initial) an UW must take what steps?
Add a stip to the application to conduct a fraud interview.
Nothing is required for this flag.
If an UW does not stip for a fraud interview, do you continue QC review or wait until they review?
Continue with QC review.
Wait for an UW to clear.
When a borrower has no credit score or a score less than 675 there should be a note in CRIF regarding the payment-to-income (PTI) from the UW.
True
False
On the CBR, if _____ and ______ issued are blank, there should be a stip for a SSN card (or ITIN doc for non-citizens).
Former name, year issued.
Year issued, state.
UW note, policy exception, and dealer approval - are all required for a shortfund.
True
False
Where is the policy exception listed?
Exceptions box found under product details in CRIF
Contracted Values screen in CRIF
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