COMPLETE QUESTIONS AND ACCURATE DETAILED ANSWERS
LATEST UPDATE!! ACTUAL TEST BANK FINAL EXAM ALREADY
GRADED A+
A Pre-Qualification is a ___ Credit Check.
soft
True or False? If a customer gives you their personal information verbally it
is okay for you to write it down and enter the information into Street
Genie later.
false
You are ready to run a credit check with a customer, but they leave the room
to take an important phone call. Their spouse offers to fill out their
information so you can keep the process rolling. What is the appropriate
response?
tell them it's against FCRA regulations and we need to wait for them to
come back. built trust while waiting
True or False? A spouse can cosign on the loan.
false
, In order to run a credit, prescreen in a customer's home, you must do
which of the following:Select all that apply.
ask for id
hand them the ipad to put in their details
confirm address
ask if you can run a credit prescreen
When the customer fills out the financial application do not.
encourage them to put in certain numbers
tell them they will or will not get a loan based on
numbers fill it out for them to make sure they
qualify
What does SES Stand for?
schedule of equipment and services
How long is the Right of Rescission Period for a customer over the age of 65?
30 calendar days
True or False? If the customer has a question during the survey I can turn
down the sound to answer the customer's question before continuing
false