| Lending | Score Card | Lending Vocab |
|---|---|---|
|
$250 and $75 annually
What are the closing cost/fees for a non client 100k HELOC that plans on taking a draw of 10k?
|
5%
What is the weighted metric for cultivate?
|
Debt to Income
What does DTI stand for?
|
|
$8000.00
How much can you lend unsecured if monthly income is $4000?
|
15% each
What is the weighted metric for consumer and business checking each?
|
Loan to Value
What does LTV stand for?
|
|
Auto, Home, RVs, Campers, Boats, ATVs, Motorcycle etc., and deposit secured
What are the types of secured loans we offer?
|
10%
What is the weighted metric for debit cards?
|
Something to secure the loan to forfeit if defaulted.
What is the definition of collateral?
|
|
Gross-Income before taxes are taken out
Net- Amt. received after taxes & deductions applied
What is gross and net income?
|
25%
What is the weighted metric for deposit growth?
|
Combined loan to value
What does CLTV stand for?
|
|
Character, Capacity, Collateral, Company Guidelines, & Capital
What are the 5 "Cs" of credit?
|
25%
What is the weighted metric for loan volume?
|
Combined Heloc Loans to Value
What does CHTV stand for?
|
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