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G3 SFI Quiz

Total questions: 10

Worksheet time: 2hrs 16mins

Name
Class
Date
1.

What constitutes a material change to an

application?

a)

Change of Solicitors

b)

Broker Exception Process

c)

Change to property tenure

d)

None of the above

2.

A mortgage application is received with a loan

amount of £235,000 and a purchase price of £295,000. What is the loan to value

on the case?

a)

90.50%

b)

79.66%

c)

65.00%

d)

45.20%

3.

True or False: If a broker calls for an OMRT Unlock and the mortgage payment is incorrect on the Introducer Helpdesk website, is there another system that can be checked for the mortgage payment information?

a)

True

b)

False

4.

Where would you direct the solicitor who called to advise their postcode on the panel directory is incorrect?

a)

Deeds Services

b)

Their own IT Team

c)

Mortgage centre

d)

LMS

5.

A fee is taken for a re-inspection. What process is needed to have the valuation instructed?

a)

Email ID VAL

b)

Email Glasgow Admin Team

c)

Instruct the valuation yourself

d)

Leave an A-code on SIP

6.

If a Countrywide broker calls and advised that they are getting a 0% expected data not found message. What would be the solution to resolving this error?

a)

Advise the broker to input £1 into the system

b)

Advise to change the job title

c)

Advise to change the business type

d)

Log the ticket with SPOC

7.

True or False: The applicant can receive a refund on booking fees if the application was declined after it was offered.

a)

True

b)

False

8.

If a broker advised that a property has fallen through but advised that the applicant has a new property and require a higher loan amount of £395,000 from £295,000. What must you advise?

a)

The case is not subject to a rescore

b)

A new product is needed as it exceeds the loan to value

c)

A new valuation will not be done

d)

All of the above

9.

Where will the broker find an application that is more than 60 days old?

a)

MY offers

b)

Case tracking

c)

My expired Applications

d)

The application is lost forever

10.

True or False: Can the Valuation fee be transferred on a straight porting case if the valuation has been completed?

a)

True

b)

False