Podcast
Questions and Answers
What department's approval is required if the maximum PEMI has been exceeded?
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?
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?
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?
Where does the Cheque Printing take place after the disbursement amount is determined?
Which module in LOS application provides an option for tracking document movement and custody management?
Which module in LOS application provides an option for tracking document movement and custody management?
Where can documents be retrieved from according to the LOS application?
Where can documents be retrieved from according to the LOS application?
What is the formula to calculate the IIR (Instalment Interest Rate) for a customer in the LOS system?
What is the formula to calculate the IIR (Instalment Interest Rate) for a customer in the LOS system?
What does the Maximum Instalment Amount that a customer can service depend on?
What does the Maximum Instalment Amount that a customer can service depend on?
How is the Maximum Eligible Debt due to current lending calculated in the LOS system?
How is the Maximum Eligible Debt due to current lending calculated in the LOS system?
What does the formula (Debt / Gross Income) * 100 represent in the LOS system?
What does the formula (Debt / Gross Income) * 100 represent in the LOS system?
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?
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?
What is NOT provided by the system during Business Rules validations in the LOS system?
What is NOT provided by the system during Business Rules validations in the LOS system?
What is the purpose of the Offering Module in the LOS system?
What is the purpose of the Offering Module in the LOS system?
In the LOS system, what is the main role of Underwriters/Credit Analysts in the underwriting module?
In the LOS system, what is the main role of Underwriters/Credit Analysts in the underwriting module?
What is a key feature of the Underwriting module in the LOS system?
What is a key feature of the Underwriting module in the LOS system?
When an application moves to the Offsite Monitoring stage in the LOS system, what aspect is reviewed by the offsite monitoring team?
When an application moves to the Offsite Monitoring stage in the LOS system, what aspect is reviewed by the offsite monitoring team?
Which stage of the LOS system involves checking for completion of all aspects of a case?
Which stage of the LOS system involves checking for completion of all aspects of a case?
What does the Underwriting module in LOS include that allows different Underwriters/Credit Analysts to approve cases?
What does the Underwriting module in LOS include that allows different Underwriters/Credit Analysts to approve cases?
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