18 Questions
What department's approval is required if the maximum PEMI has been exceeded?
Operations Department
Which module is involved in the Disbursement stage for initiating subsequent disbursement?
Disbursement Module
What role is responsible for checking the disbursement in the LOS - Disbursement Module?
Checker
Where does the Cheque Printing take place after the disbursement amount is determined?
Central Depository Team
Which module in LOS application provides an option for tracking document movement and custody management?
Document Tracking Module
Where can documents be retrieved from according to the LOS application?
Internal Storage Agency
What is the formula to calculate the IIR (Instalment Interest Rate) for a customer in the LOS system?
(Debt / Gross Income) * 100
What does the Maximum Instalment Amount that a customer can service depend on?
Debt-to-Income Ratio
How is the Maximum Eligible Debt due to current lending calculated in the LOS system?
(X / 950) * 100
What does the formula (Debt / Gross Income) * 100 represent in the LOS system?
Eligible IIR Calculation
In the LOS system, if a customer's Actual IIR is set to be equal to the Max IIR of 33.3%, what should be the value of X?
X = 33.3
What is NOT provided by the system during Business Rules validations in the LOS system?
Approval Status
What is the purpose of the Offering Module in the LOS system?
To review the offering made by the applicant
In the LOS system, what is the main role of Underwriters/Credit Analysts in the underwriting module?
Approve the case based on its merits
What is a key feature of the Underwriting module in the LOS system?
Automated underwriting process
When an application moves to the Offsite Monitoring stage in the LOS system, what aspect is reviewed by the offsite monitoring team?
Eligibility calculations
Which stage of the LOS system involves checking for completion of all aspects of a case?
Offsite Monitoring
What does the Underwriting module in LOS include that allows different Underwriters/Credit Analysts to approve cases?
Sample of Approval Limits / Policy configurations
Test your knowledge on the approval process and subsequent disbursement in LOS - Disbursement Module. Questions cover topics like obtaining approval from Operations Department, attaching necessary documents, and initiating disbursement for exceeded PEMI.
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