DIP Quiz

Our credit searches at DIP stages are a...

• Soft footprint

• Hard footprint

what 3 bandings does our scorecard work off?

• Affordability

  Credit search

  BTL rental

• Score

  Income

  BTL Rental

• Score

  Affordability

  BTL Rental

• Score

  Credit search

  Affordability

We can confirm to a broker the exact reason as to why a case has been declined due to internal score card

• True

• False

Which of these can we not confirm the specific reason for the decline to the broker?

• Minimum income not met

• CCJ criteria not met

• Minimum age not met

• Failed credit search

What does the broker need to do if they want to proceed on a maximum loan amount offered by the system?

• Email the MSC to have this changed

• Ask us to change it

• Copy the DIP

• Get the customer to call up

What screen do we go onto to check the maximum loan for an alternative lend decline?

• Policy results

• Affordability

• Credit search

• Outstanding items

What does it mean when the 'status' of a decline/referral shows as 'overridden' or 'approved'?

• Nothing has changed with the application

• UW has assessed the case and has accepted it to progress

• Broker has amended the details and has accepted it to progress

• Customer has called to have the details changed

What does it mean if the status of a decline now shows as 'ceased'?

• The account has been ceased and can no longer progress

• the UW has accepted the decline and broker can now progress

• The broker has amended the details and can now progress

How long does it take for referrals to be looked at by an UW?

• 1-2 working days

• 1-2 working hours

• 2-4 working hours

• 2-4 working days

what happens when a broker submits a DIP with a note added?

• The broker will have to call to have this looked at

• Brokers aren't allowed to add notes

• Nothing will happen

• The DIP will be referred