1.
What must be included in the budget calculation when reporting to the credit bureau?
2.
Central Underwriting _______ is needed if a branch wants an exception to including a debt in the budget?
3.
When a revolving debt payment (credit card) is missing, what percent of the balance is used to calculate it?
4.
If a loan’s term is provided but payment missing, you divide the original balance by the _____?
5.
If no term or payment is reported for an installment loan, divide the reported balance by how many months?
6.
Installment loans with six payments or less remaining must be reduced to what dollar amount?
7.
A review of this document is necessary to ensure the NDI analysis includes all debts.
8.
If a trade line is listed as “Self-Reported”, it should be marked as what on the creditor screen?
9.
_______ accounts must be changed to $1 in the monthly payment field unless responsibility is proven?
10.
Medical and utility collections are examples of what type of records to be reviewed?
11.
Verification is not required when using the ________ payment stated by the applicant for public or collection records.
12.
Debts found in the “Other” section of the credit bureau must be _________ according to the Debt Treatments policy.
13.
If the customer is a renter, what amount must be entered into the monthly rent field?
14.
If a customer is living with friends/family and contributes to expenses where should the contribution be entered?
15.
If a customer living with friends or family does not contribute to expenses, what should be done with the monthly rent field?
