Check the Box Next to the APPLICATION ID You Would Like to UNLOCK and Click the Button

Tools:

Check the box next to the APPLICATION ID you would like to UNLOCK and click the button. A loan will automatically lock when you exit a loan without clicking the icon or if your SESSION TIMES OUT.

In the USER PREFERENCES area you can change your PASSWORD.

Use the STAND ALONE CALCULATOR to calculate a LOAN PAYMENT for a member when you are not in a WORKFLOW. CREDIT LIFE and DISABILITY insurance can be quoted with the payment by choosing the options in the LOAN PAYMENT PROTECTION box.

NOTE: The PRIMARY MEMBER’S DOB must be filled in to quote the loan payment with CREDIT LIFE and DISABILITY insurance. Click the button to calculate a payment.

This option is not available.

Help members determine the value of a NEW or USED VEHICLE using BLACK BOOK.

Left Navigation Panel:

The overview is a quick snapshot of the loan. View the DECISION, STATUS, LOAN PRODUCT, REQUEST DOLLAR AMOUNT, RATE and TERM in an easy to read format. DEBT RATIOS, MEMBERS CREDIT SCORE and MONTHY INCOME, are also displayed. You can view loan CONDITIONS and check their status. The overview is a quick snapshot of the loan.

The LOAN DETAILS page is where your loan details are finalized. You can change the LOAN AMOUNT, RATE or TERM. Additional products such as CREDIT LIFE and DISABILITY insurance, GAP and WARRANTY quotes can be added on this page. This is also where you will set-up FIRST PAYMENT DATE and REPAYMENT OPTIONS.

NOTE: Be sure to click the icon after completing the CONTRACT DETAILS and again, after entering the LOAN NUMBER. If you do not click the icon, all changes will be lost.

Applicant’s demographic information such as NAME, ADDRESS, SSN, DOB, EMPLOYER and MONTHLY INCOME is stored on this page. Click any of the BLUE HYPERLINKS on this page to make adjustments or changes.

Click any of the blue hyperlinks on this page to view a copy of the CREDIT REPORT.

Add items, which will be used as COLLATERAL to secure the loan. BLACK BOOK values for NEW or USED VEHICLES can be viewed on this page. For loans secured by a home, the home value can be documented here.

Registration information used to complete the MV1 and INSURANCE information for VEHICLE, HOME and SECURED loans is collected on this page to prepare closing documents.

A new feature to VELOCITY is the LIEN tracking feature. By indicating whether or not we are waiting for documentation to prefect a lien we can easily track which liens have been perfected.

NOTE: Remember to click then to save.

VELOCITY is will automatically add CONDITIONS specific to each loan type. You may add additional CONDITIONS by selecting from a dropdown list of frequently used CONDITIONS or you may add free form CONDITIONS. Lenders closing loans can click on this page to verify that all CONDITIONS have been met before preparing loan DOCUMENTS.

VELOCITY will automatically generate the appropriate LOAN DOCUMENTS for each loan type. Custom fields in DOCUMENTS allow you to customize documents.

As loans progress through the WORKFLOW key information is tracked in the AUDIT HISTORY. Custom NOTES can be added to justify a loan decision or to clarify an exception.

This is a snapshot of where the application is in the WORKFLOW.

Not available at this time.

This page provides an electronic checklist indicating each step of the loan process. If a loan fails in WORKFLOW for any reason, this button will clearly identify the issue in red.

Navigation Bar:

Back: Click this icon to return to the previous page.

Save: This icon will SAVE pertinent information to your loan application.

Find: This icon will open an ADVANCED SEARCH page allowing you to find loan applications
quickly.

Calculate Loan: Click this icon when CALCULATING loan payments in the LOAN DETAILS
page.

Refresh: The REFRESH icon will update information on the page you are currently viewing.

Move to Queue: Suspend the progression of a loan in WORKFLOW.

Assign: Assign a loan to an individual lender by completing the ASSIGN USER fields. We will not be using this feature.

Notify: Not available at this time.

Priority: Not available at this time.

Sticky Note: This icon allows you to attach additional application information to the loan worksheet. STICKY NOTES are not permanent. We will be utilizing the AUDIT/NOTES to

permanently document all loan details.

Open Checklist: Not available at this time.

Trade line Analysis Tool (TAT): This lists a member’s entire credit history. Each trade line
represents and opened or closed account. The TAT provides key information, which drives CALCUATIONS such as DEBT TO INCOME in VELOCITY.

Unlock: If a loan session expires or you exit out of a loan with out clicking on the icon,
VELOCITY automatically locks users out of that loan. A loan can be unlocked by clicking the unlock icon.

Credit Request: When a loan is submitted to WORKFLOW, a CREDIT REPORT is requested.
Should the initial request FAIL, clicking this icon can generate another report.

Run BPR: Not available at this time.

Close: Click this icon whenever you leave a loan application. Failure to use the CLOSE icon
will result in the loan being locked.