ALA Test

Which forms of stips are acceptable when completing lender stips? (Choose all that apply)
Clear Screenshots
PDFs
Clear Pictures
Screenshots converted to PDFs
Which of the following lenders have a rehash tool you can update approvals in real time? (All that apply)
TD Bank
BOFA
Westlake
Wells Fargo
Capital One
US Bank
How long are Westlake approval good for?
20 days
30 days
Is Dent wizard considered...
VPP
APP
GAP
Customer is financing over 40k, which stips are required?
POR
POI
POR and POI
No stips required if deal is clean
GAP term length equals...
Length of Loan
Customers choice
Same as VPP and APP
60 months
Which Lenders accept Lease agreements for POR? (Choose all that apply)
Chase
Innovate
US Bank
Westlake
How do you clear self-employed income?
2 paystubs
1 bank statement
3 months of bank statements
tax returns
Who handles completing the downpayment on a loan?
ALA
Sales Advisor
Purchase Advisor
Funding team
Which is NOT an acceptable form of POR?
Phone bill
W2 form
Bank statement
Internet bill
True or False: All westlake deals require POI.
True
False
What does LTV stand for?
Loan to Value
Lease to Value
Last to Verify
Loan times Value
True or False: You can clear 0 down POR with a DL
True
False
True or False: If customer typos their address we need POR
True
False
What is the loan margin that kills a deal?
-1000
-250
-500
500
0
{"name":"ALA Test", "url":"https://www.quiz-maker.com/QHTWCR0M1","txt":"Which forms of stips are acceptable when completing lender stips? (Choose all that apply), Which of the following lenders have a rehash tool you can update approvals in real time? (All that apply), How long are Westlake approval good for?","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
Powered by
Quiz Maker
Powered by: Quiz Maker