NOTES TEMPLATES
Transcript: Consumer Loans Operantion - Funding: Notes Templates The template project Goal * The goal is for our department is to achieve consistent and efficient communication in the loan funding process. We hope to accomplish this by creating templates containing the essential key information required for funding our loans. Hopefully, the templates will reduce funding delays caused by missing information in applications and, consequently, improve on our members' experience. Tasks with templates: Types of Templates POI queue Reviewer Ready to Fund ESig Others: Calls and Credit Card emails POI QUEUE POI queue **POI queue: Income verified with POI attached. Sent Mbr Income Verification Email to fund online. **POI queue: Income did not verify as stated. Pls review and advise. **POI queue:VFd income with paystub attached. Stip remaining sent Mbr Income Validated Additional Stipulations Remaining. *POI queue: Income verified with paystub attached. Pls proceed with limit/rate increase on credit card. **POI queue: Mbr attached W2, unable to VF income. No PDD on file. Sent Mbr the Updated Documents Required Email. **PENDING QUEUE: Still need paystubs to proceed with app. Emailed mbr to advise. Queued app to pending Member response. Reviewer Reviewer **Reviewer Called and spoke with mbr. Mbr is aware of pending items. Mbr will email items to myloan inbox and call us back. FRANCHISE DEALER PURCHASE ATTACHED AND VFD: PO, TERMS, STIPS MISSING: OR **Reviewer Called mbr at (xxx)xxx-xxxx and Lft VM advising mbr to call us back. Sent Dealer Purchase template email. FRANCHISE DEALER PURCHASE ATTACHED AND VFD: PO, TERMS, STIPS Key documents: Docs required FRANCHISE DEALER PURCHASE ATTACHED AND VFD: PO, TERMS, STIPS LEASE BUYOUT ATTACHED AND VFD: LBO, AUTH, REG, TERMS, STIPS EXTERNAL REFINANCE ATTACHED AND VFD: PAYOFF, AUTH, REG, TERMS, STIPS INTERNAL REFINANCE ATTACHED AND VFD: REG (IF THERE ARE REG CHANGES), TERMS, STIPS PERSONAL LOAN - PAY DIRECT ATTACHED AND VFD: LENDER STMTS, TERMS, STIPS PERSONAL LOAN - EDU PURPOSE ATTACHED AND VFD: SELF CERT, TERMS STIPS HIGHER EDUCATIONAL LOAN ATTACHED AND VFD: SELF CERT, PROOF OF ENROLLMENT, TERMS STIPS SPECIAL CURRICULUM LOAN ATTACHED AND VFD: SELF CERT, PROOF OF ENROLLMENT, TERMS STIPS CREDIT CARD ATTACHED AND VFD: CCR (IF APPLICABLE), TERMS, STIPS PPP W/O LIEN ATTACHED AND VFD: REG, TITLE, TERMS, STIPS. PPP W/ LIEN ATTACHED AND VFD: PAYOFF, AUTH, REG, TERMS, STIPS. Disbursement note example: Ready to Fund #(APP NUMBER) DISBURSEMENT NOTES - FRANCHISE DEALER PURCHASE DOCS SENT VIA DOCUSIGN: LL/WAIVER/PSP/POA/GAP/MRC VIA DOCUSIGN AMOUNT FINANCED: $XX,XXX.XX MONEY ALOCATED? $XX,XXX.XX INTO S01 $495.00 INTO GL – GAP $X,XXX.XX INTO GL – MRC ISSUE THE FOLLOWING: $XX,XXX.XX DEALER'S NAME RE: VIN# RE: Vehicle - YEAR, MAKE, MODEL RE: MEMBERS' NAMES FEDEX CHECK TO: DEALER'S NAME DEALER'S ADRESS DEALER'S ADRESS DEALER'S PHONE # Additional Notes: *PLEASE, INCLUDE ***** (ATTACHED) WITH CHECK. TYPES OF TEMPLATES 12 Disbursement notes templates: 1- DP - FRANCHISE 2- DP - NON-FRANCHISE 3- LEASE BUY-OUT 4- EXTERNAL REFINANCE 5- INTERNAL REFINANCE 6- CASH-OUT REFINANCE 7- PPP W/ LIEN 8- PPP W/I LIEN 9- PL 10- PL - PAYDIRECT 11- PL - EDU LOAN W/ PAYOFF 12- PL- EDU LOAN W/O PAYOFF DISBURSEMENT NOTES - FRANCHISE DEALER PURCHASE DOCS SENT VIA DOCUSIGN: LL/WAIVER/PSP/POA/GAP/MRC VIA DOCUSIGN AMOUNT FINANCED: $XX,XXX.XX MONEY ALOCATED: $XX,XXX.XX INTO S01 $495.00 INTO GL – GAP $X,XXX.XX INTO GL – MRC ISSUE THE FOLLOWING: $XX,XXX.XX DEALER'S NAME RE: VIN# RE: Vehicle - YEAR, MAKE, MODEL RE: MEMBER'S NAME FEDEX CHECK TO: DEALER'S NAME DEALER'S ADRESS DEALER'S ADRESS DEALER'S PHONE # Additional Notes: *PLEASE, INCLUDE ***** (ATTACHED) WITH CHECK. 1 2 DISBURSEMENT NOTES - NON-FRANCHISE DEALER PURCHASE DOCS SENT VIA DOCUSIGN: LL/WAIVER/PSP/POA/GAP/MRC VIA DOCUSIGN AMOUNT FINANCED: $XX,XXX.XX MONEY ALOCATED: $XX,XXX.XX INTO GL - DRAFT $495.00 INTO GL – GAP $X,XXX.XX INTO GL – MRC Additional Notes: -PLEASE, EMAIL DRAFT LETTER TO THE FOLLOWING: DISBURSEMENT NOTE: INTERNAL REFINANCE DOCS SENT VIA DOCUSIGN: LL/WAIVER/PSP/POA/DMV DISC/GAP/MRC VIA DOCUSIGN AMOUNT FINANCED: $XX,XXX.XX MONEY ALOCATED: $XX,XXX.XX INTO S01 $15.00 INTO GL- MVSC $25.00 INTO GL- MVSCFEE $495.00 INTO GL – GAP $XXX.XX INTO GL – MRC PAYOFF L00 $X,XXX.XX W/ EFF DATE XX/XX/2023 CHANGE ECOA COMMENTO TO "AS" UNDER L00 (APPLICABLE FOR AUTO PAYOFF, ONLY) Additional Notes: *Please, Queue the app to the DMV checklist queue. 3 Disbursement Notes - Special curriculum (EDU W/ PAYOFF) DOCS SENT VIA DOCUSIGN: LL/PSP/W9 AMOUNT FINANCED: $X,XXX.XX MONEY ALLOCATED: $X,XXX.XX TO ED LOAN GL ON XX/XX/2023 (after 3rd day), PLS PROCEED AS FOLLOWS: DEBIT ED LOAN GL $X,XXX.XX DEP FUNDS $X,XXX.XX TO S70 PAYOFF L00 $X,XXX.XX W/ EFF DATE XX/XX/2023 LEAVE REMAINING AMOUNT IN MBR'S S70 $X,XXX.XX Additional Notes: *SELF CERT SENT VAI DOCUSIGN WITH FINAL LOAN DOCS 4 5 DISBURSEMENT NOTES - EDU PL - no payoff required DOCS SENT VIA DOCUSIGN: LL/PSP/W9 Amount financed: $XX,XXX.XX into