Funding Application Process A-Z Training

What is the first step in the funding process?

• Applying for funding

• Creating a business plan

• Onboarding the client

• Credit repair

What should be done if a client has a high credit score but some inquiries?

• Ignore the inquiries

• Proceed with funding

• Remove the inquiries

• Increase the loan amount

How many credit unions are mentioned for the application process in the video?

• Five

• Six

• Seven

• Eight

Why is it important to apply for $25,000 from each lender?

• It is the maximum amount allowed

• It simplifies the calculation

• It is a standard industry practice

• It ensures higher approval rates

What is 'funding stacking'?

• Applying for loans from different lenders at the same time

• Applying for loans with different amounts

• Applying for loans at different times

• Applying for multiple loans from the same lender

What is the recommended time to apply for funding?

• Morning

• Evening

• Night

• Afternoon

What is the preferred method of communication with credit unions?

• Mail

• Phone

• Email

• In-person

Why should the client's email not be used in the application?

• To simplify the process

• To prevent identity theft

• To ensure control over communication

• To avoid spam

What should be done if the application page resets?

• Start a new application

• Contact the credit union

• Refresh the page

• Wait for a few minutes

What should be the occupation title for a client working in customer service?

• Cashier

• Customer Service

• Sales Associate

• Service Representative