LOS - Disbursement Module Quiz
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Questions and Answers

What department's approval is required if the maximum PEMI has been exceeded?

  • Operations Department (correct)
  • Finance Department
  • HR Department
  • Marketing Department
  • Which module is involved in the Disbursement stage for initiating subsequent disbursement?

  • Approval Module
  • Disbursement Module (correct)
  • Document Tracking Module
  • Cheque Printing Module
  • What role is responsible for checking the disbursement in the LOS - Disbursement Module?

  • Approver
  • Checker (correct)
  • Auditor
  • Maker
  • Where does the Cheque Printing take place after the disbursement amount is determined?

    <p>Central Depository Team</p> Signup and view all the answers

    Which module in LOS application provides an option for tracking document movement and custody management?

    <p>Document Tracking Module</p> Signup and view all the answers

    Where can documents be retrieved from according to the LOS application?

    <p>Internal Storage Agency</p> Signup and view all the answers

    What is the formula to calculate the IIR (Instalment Interest Rate) for a customer in the LOS system?

    <p>(Debt / Gross Income) * 100</p> Signup and view all the answers

    What does the Maximum Instalment Amount that a customer can service depend on?

    <p>Debt-to-Income Ratio</p> Signup and view all the answers

    How is the Maximum Eligible Debt due to current lending calculated in the LOS system?

    <p>(X / 950) * 100</p> Signup and view all the answers

    What does the formula (Debt / Gross Income) * 100 represent in the LOS system?

    <p>Eligible IIR Calculation</p> Signup and view all the answers

    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?

    <p>X = 33.3</p> Signup and view all the answers

    What is NOT provided by the system during Business Rules validations in the LOS system?

    <p>Approval Status</p> Signup and view all the answers

    What is the purpose of the Offering Module in the LOS system?

    <p>To review the offering made by the applicant</p> Signup and view all the answers

    In the LOS system, what is the main role of Underwriters/Credit Analysts in the underwriting module?

    <p>Approve the case based on its merits</p> Signup and view all the answers

    What is a key feature of the Underwriting module in the LOS system?

    <p>Automated underwriting process</p> Signup and view all the answers

    When an application moves to the Offsite Monitoring stage in the LOS system, what aspect is reviewed by the offsite monitoring team?

    <p>Eligibility calculations</p> Signup and view all the answers

    Which stage of the LOS system involves checking for completion of all aspects of a case?

    <p>Offsite Monitoring</p> Signup and view all the answers

    What does the Underwriting module in LOS include that allows different Underwriters/Credit Analysts to approve cases?

    <p>Sample of Approval Limits / Policy configurations</p> Signup and view all the answers

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