New QC Review - UW | Super Survey Maker

A detailed illustration of a financial professional reviewing documents related to fraud alerts and compliance checks, with elements like a credit bureau report, calculators, and compliance checklists in the background.

Fraud Alert & UW Compliance Quiz

Test your knowledge on financial underwriting and fraud alert processes with our comprehensive quiz. Designed for professionals involved in finance and underwriting, this quiz will help you sharpen your skills and ensure compliance.

10 challenging questions
Multiple choice and text-based responses
Interactive learning experience

10 Questions2 MinutesCreated by AnalyzingNinja512

Where do you locate a Fraud Alert warning message?

Credit Bureau Report (CBR)

Membership data

Product details

If there is a fraud alert (extended or initial) an UW must take what steps?

Add a stip to the application to conduct a fraud interview.

Nothing is required for this flag.

If an UW does not stip for a fraud interview, do you continue QC review or wait until they review?

Continue with QC review.

Wait for an UW to clear.

When a borrower has no credit score or a score less than 675 there should be a note in CRIF regarding the payment-to-income (PTI) from the UW.

True

False

On the CBR, if _____ and ______ issued are blank, there should be a stip for a SSN card (or ITIN doc for non-citizens).

Former name, year issued.

Year issued, state.

UW note, policy exception, and dealer approval - are all required for a shortfund.

True

False

Where is the policy exception listed?

Exceptions box found under product details in CRIF

Contracted Values screen in CRIF

How do you know when a app that has a UW compliance error has been reviewed and ready for a full QC review?

New QC Review - UW

Fraud Alert & UW Compliance Quiz

More Quizzes