Podcast
Questions and Answers
What should we do when a client requests a Loan?
What should we do when a client requests a Loan?
- Request loan to JF
- Request a loan with one of the Financial Companies
- Give the client money out of your pocket
- Escalate first before requesting a Loan for Authorization Present a Quick 6/Vitals and reason for Loan (correct)
Why do we ask for loans?
Why do we ask for loans?
- Clients may require immediate funds to cover these costs, especially if the case takes time to settle. (correct)
- To go to vacations
- Needs money to get her nails done
- For medical treatment
Once a purchase agreement is signed, what should be done next?
Once a purchase agreement is signed, what should be done next?
- Call the client and let him/her know it will get deposited the same day
- Call Negotiations department sos they can be aware
- Fill in the Lien Tab on Filvevine (correct)
- Nothing since the loan was accepted
What are the steps in requesting a loan with High Rise?
What are the steps in requesting a loan with High Rise?
A loan can be more than 5% of the expected case recovery
A loan can be more than 5% of the expected case recovery
What should we do if a client is requesting an advance payment?
What should we do if a client is requesting an advance payment?
Almost anyone injured because of another party's gross negligence and hires an attorney automatically qualifies for pre-settlement payments
Almost anyone injured because of another party's gross negligence and hires an attorney automatically qualifies for pre-settlement payments
They never ask for up-front fees to be paid
They never ask for up-front fees to be paid
The application process can be completed quickly and does not require any paperwork. People who have poor credit or unverifiable incomes may still apply.
The application process can be completed quickly and does not require any paperwork. People who have poor credit or unverifiable incomes may still apply.
How can we request a loan from GRS Funding?
How can we request a loan from GRS Funding?
Flashcards
Loan Request Procedure
Loan Request Procedure
Escalate to supervisor for authorization before loan request. Provide quick details and reason for loan.
Loan Reason
Loan Reason
Clients may need funds quickly to handle case costs.
Post-Agreement Action
Post-Agreement Action
Fill Lien tab on Filvevine after purchase agreement.
High Rise Loan Request
High Rise Loan Request
Email case details and client loan amount to High Rise.
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Loan Limit
Loan Limit
Loan cannot exceed 5% of expected case recovery.
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Advance Payment
Advance Payment
Always consult supervisor or manager for advance payment requests.
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Loan Approval Ease
Loan Approval Ease
Pre-settlement payment eligibility often quick for gross negligence cases.
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Funding Fee Structure
Funding Fee Structure
Funding services often do not charge upfront fees.
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Quick Application
Quick Application
Application process allows for quick completion; less strict criteria for acceptance.
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GRS Funding Request
GRS Funding Request
Contact GRS Funding and explain case details to request a loan.
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Loan Threshold
Loan Threshold
A loan does not require a maximum percentage of expected case recovery.
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Client Loan Need
Client Loan Need
Clients may need loans to manage costs during case settlement.
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Case Details Email
Case Details Email
Case details and client request amount are important information for loan requests.
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Payment Tab
Payment Tab
The Lien Tab on Filvevine needs to be filled in after a purchase agreement.
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Loan Authorization
Loan Authorization
You need to get approval from a supervisor before requesting a loan.
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Funding
Funding
Funds provided to cover various client needs.
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Pre-Settlement Payments
Pre-Settlement Payments
Cash given in advance concerning an incident.
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