Podcast
Questions and Answers
What is the purpose of a Conditional Loan Offer (CLO)?
What is the purpose of a Conditional Loan Offer (CLO)?
- To submit the first batch of documents for internal team screening
- To give the lead an estimated loan amount (correct)
- To conduct a basic credit check on the lead
- To identify if a lead has been granted a credit line and interest rate
What document is essential for the Business Verification Process (BVP)?
What document is essential for the Business Verification Process (BVP)?
- Notarized Managing Partner's Certificate
- SEC Certificate of Registration (correct)
- Valid ID
- Latest General Information Sheet
Which document is NOT required for a Sole Proprietorship?
Which document is NOT required for a Sole Proprietorship?
- Future Revenue (if B2B) (correct)
- Bank Statements (3-6 months)
- Latest Income Tax Return or Audited Financial Statements
- Notarized Secretary's Certificate/Board Resolution
What is the key purpose of the RiskOps team in the application process?
What is the key purpose of the RiskOps team in the application process?
What is the last step in the Preliminary CLO process?
What is the last step in the Preliminary CLO process?
Which document is NOT required for a Corporation?
Which document is NOT required for a Corporation?
What is the minimum required information for Trustpass BTP submission?
What is the minimum required information for Trustpass BTP submission?
In Trustpass 2, what is the required submission criteria for a PRC ID?
In Trustpass 2, what is the required submission criteria for a PRC ID?
What is the main difference between Trustpass 2 and Trustpass BTP in terms of submission criteria?
What is the main difference between Trustpass 2 and Trustpass BTP in terms of submission criteria?
What must be verified for a General Information Sheet (GIS) submission to be considered valid?
What must be verified for a General Information Sheet (GIS) submission to be considered valid?
Which document should be submitted instead of a General Information Sheet (GIS) if the lead is required to do so?
Which document should be submitted instead of a General Information Sheet (GIS) if the lead is required to do so?
What is a crucial requirement for the Articles of Incorporation to be considered valid?
What is a crucial requirement for the Articles of Incorporation to be considered valid?
