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EXAT Open Applications Quiz

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EXAT Open Applications Quiz

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True/False on EXAT rules

Created by

Diella Norbal (CONT)
Diella Norbal (CONT)
United States

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EXAT Open Applications Quiz
 

EXAT Open Applications QuizOnline version

True/False on EXAT rules

by Diella Norbal (CONT)
1

All open applications must be withdrawn if the applicant wants to proceed with any one of them.

2

Applicants flagged as Expired Approval cannot be withdrawn through the EXAT process.

3

Before withdrawing, advise the applicant to exit the Customer Portal to ensure they cannot proceed on the withdrawn application.

4

Fraud Investigation task on any application for the same vehicle requires not completing the Existing Application task until the fraud review is complete for all such applications.

5

An application in Expired status is included in the Existing Application task.

6

Verifying status uses IC/OC activity codes instead of NOTE for documentation.

7

If there is only one open application, you may withdraw it without adding any IC/OC or NOTE activity codes.

8

If there are multiple open refinance applications for different vehicles, each must have an IC/OC activity code.

9

The Existing Application task reviews all open applications excluding those in Expired status.

10

VIN must be the same across all applications, regardless of whether they are for different vehicles.

 
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