Indirect Terminology

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Across
  1. 3. Dealer over charges member or 1st payment is past due at time of funding
  2. 6. when Dealer contracts at higher rate
  3. 7. Warranty, Tire&Wheel, etc
  4. 8. Value of New Vehicle
  5. 10. System Dealer uses to submit credit applications and documents
  6. 11. This stops invoices from being automatically created and payment going to the dealer.
  7. 13. This is when a member’s information is run in XA and their SSN or DOB need looked at for accuracy.
  8. 14. Also called “Buyer’s Order”, “Purchase Order”, “Sales Agreement”. Agreement $ between member and dealer
  9. 17. Value of Used Vehicle
  10. 18. Amount Financed of loan paid to dealer
Down
  1. 1. Theft deterrent, paint protection, etc
  2. 2. Also known as LTV
  3. 4. Also known as Loan Officer
  4. 5. Account/Symitar process to make sure member is who they say they are/not on blacklist
  5. 9. Also called "flat" what we pay the dealers for sending us loans - 2% of amount financed
  6. 12. when Dealer contracts at lower rate
  7. 15. Current Leasing Company
  8. 16. System Dealer uses to submit credit applications and documents