More MSR Q PDF

**What is the minimum payment on a Credit Card?** At Least \$25 (Correct) 2.00% of Outstanding Balance. At Least \$30 2.50% of Outstanding Balance. **What are overdraft protection sources for an Alliance Credit Union Checking Account? (Select Two Answers)** A Credit Card Account The Primary S...

**What is the minimum payment on a Credit Card?** At Least \$25 (Correct) 2.00% of Outstanding Balance. At Least \$30 2.50% of Outstanding Balance. **What are overdraft protection sources for an Alliance Credit Union Checking Account? (Select Two Answers)** A Credit Card Account The Primary Share Account ODLOC Account A Signature Loan Account (Closed End) 12 - True or false **T/F: Any negative performing authorized user tradeline will be excluded from all Experian generated credit scores. (True)** **Which 2 items are requirements that can help waive proof of income for the members applying for a loan.** DTI up to 55% (Correct) Unsecured Loan Amount up to \$30,000 Bankruptcy score 500 or less (Correct) **Borrower(s) are self employed** **True or false: ODLOC Loans use risk-based pricing** True False (Correct) **When taking a loan application the most important part you do is?** Obtain Proof of Income. Pull a Credit Report Notate all of your questions and put good notes in the notes section. (Correct) All of the above **Monthly fee for Alliance Account?** \$10 \$3 \$0 \$6 (Correct) **When opening a new member account, we do not run CHEXSYTEMS on these potential members. (Select more than 1 answer)** A person under 18 (Correct) A non US citizen When we use 999-99-9999 as a SSI number. (Correct) A person opening a University Checking Account. **Basic Checking Comes with Courtesy Pay.** True False (Correct) **What is NOT a requirement of Alliance Checking in order to receive a dividend?** Direct Deposit 10 signature-based "Credit" transactions 10 signature-based "Debit" transactions Enrollment in E-statements. What is the first step in uploading a document to eSign?  Drag and drop the PDF files **(correct)**  Check the show hidden icons  Create a session  Click the box to select from your computer What is the preferred file format for documents before sending them through Synergy eSign?  DOCX  TXT  PDF **(correct)**  JPEG What must you do to initiate sending a document for signing after uploading it to eSign?  Select \'Create Session\' to start the process. **(correct)**  Drag the document to the \'Sent\' section.  Click the \'Upload\' button again.  Close the window and reopen it to refresh. Which credit reporting agency is specifically mentioned as being used by ACCU?  Transunion  Equifax  Credit Karma  Experian **(correct)** What does a PET code in a credit report indicate? It indicates that the individual is currently in an active bankruptcy program, or We cannot lend to anyone with a PET code A soft pull counts as an inquiry on a credit report. False How often are dividends on CDs compounded and paid?  Yearly  Monthly **(correct)**  Semi-annually  Quarterly