Week 2 PL Final Activity

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Review of Week 2 Review material

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Ari Clark

Estados Unidos

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Week 2 PL Review Activity

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Week 2 PL Final Activity


Froggy Jumps Week 2 PL Final ActivityVersión en línea Review of Week 2 Review material por Ari Clark 1 We can accept an Offer Letter on its own as the only source of income for a member. a True b False c It depends 2 Which tax form schedule are we looking for to calculate rental income? a Schedule C b Schedule R c Schedule E 3 Which application statuses do we need to do SCOUR's on? a Info Added, Signing, Offer Change, VOE b Info Added and Signing c Review, Signing, Funding 4 How often do you need to do a SCOUR for each application that needs one? a 1 every other day b 1 per day c 1 per week 5 How many calls are attempted on a Fraud Shield 12? a 3 b 2 c 5 6 An open "Info Added" task means the member has added documents to their application. a True b False c It depends 7 Which SOP gives us acceptable line items to include in our military income review? a Simple Income Reviewing Procedure b Loan Entry Resource c Income Calculation Specifications Resource 8 When an offer changes, what must be included according to QA requirements? a Only the standard note b Both the offer change note and the standard note c The offer change note 9 Which is a required document for military income? a LES b 1099 c W2 10 What does SCOUR stand for? a Salad, Corn, Omelet, Udon, Rice b Search, Communication, Outline, Utilize, Repeat c Sign, Complete, Operations, Under, Repeat 11 When statusing an application, when do you need to reach out to the member? a Whenever you feel like it b At the end of the day before you leave c Right after statusing the application 12 Which of the following calculations do we have to do on certain retirement documents? a Average the last 2 years of payments b Gross Up c Year to date the current year's payments 13 At what point are you required to extend the offer for the member? a When it is less than 5 days to expiring b When it is 10 days to expiring c You should extend the offer on every application no matter what 14 If an application contains Simple AND Complex income indicators, we are to immediately place it in Complex Income Review. a False b True c It depends 15 In Atlas, which processing status indicates that a document has met all standards and can be used for app review? a Approved b Accepted c Admitted

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Week 2 PL Final Activity

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Froggy Jumps

Week 2 PL Final ActivityVersión en línea

por Ari Clark

We can accept an Offer Letter on its own as the only source of income for a member.

Which tax form schedule are we looking for to calculate rental income?

Which application statuses do we need to do SCOUR's on?

How often do you need to do a SCOUR for each application that needs one?

How many calls are attempted on a Fraud Shield 12?

An open "Info Added" task means the member has added documents to their application.

Which SOP gives us acceptable line items to include in our military income review?

When an offer changes, what must be included according to QA requirements?

Which is a required document for military income?

What does SCOUR stand for?

When statusing an application, when do you need to reach out to the member?

Which of the following calculations do we have to do on certain retirement documents?

At what point are you required to extend the offer for the member?

If an application contains Simple AND Complex income indicators, we are to immediately place it in Complex Income Review.

In Atlas, which processing status indicates that a document has met all standards and can be used for app review?