Products Offered Review


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1. Products Offered means what type of loans are being offered.
2. MC lists 12 reasons to use Products Offered.
3. I don't sell loans, so there is little reason to use Products Offered.
4. I can indicate if the Product Offered will be displayed in WebApp.
5. To set up a balloon loan, the amortization period should be a shorter term than the maturity term.
6. The number of days processing the loan will help in selling loans and in cash management.
7. It is best to set the maximum LTV on all Products to be 100% so I don't have problems.
8. There is no benefit to take time and set up forms packets.
9. It is best to leave the interest rate and term blank since I will offer loans at different rates and terms. Then I can enter the interest rate, terms, etc.
10. Using Products Offered is quality control.



Updated October 14, 2008 at 6:23 a.m.