Utilise these prompts to obtain comprehensive and actionable responses from the AI Assistant, ensuring your client's loan applications are well-prepared and aligned with policy requirements.
Prompt:
"Tell me if this scenario is inside or outside policy, list the key rules it passes and fails, and explain in simple language why the deal does or doesn't work."
When to Use:
> Tip: This prompt helps assess the initial alignment with policy guidelines, saving time on unsuitable applications.
Prompt:
"Identify any red flags or issues that are likely to: cause a straight decline, trigger additional conditions, or require extra documentation."
When to Use:
> Note: Early identification of potential issues can help you proactively address them, increasing the chances of approval.
Prompt:
"Before I submit this deal, perform a sanity check. Confirm there are no obvious policy breaches and list any missing information I need to collect."
When to Use:
> Tip: A thorough sanity check ensures that all necessary information is complete and accurate, preventing delays in processing.
Prompt:
"List all documents and evidence I should collect upfront to meet policy, including income verification, entity docs, and asset documentation."
When to Use:
> Tip: Having a comprehensive documentation list upfront streamlines the collection process and ensures compliance with lender requirements.
Prompt:
"Based on the lender's pricing rules, show me which pricing levers I can change (fees, term, balloon, security, doc type) to improve the rate."
When to Use:
> Note: Adjusting pricing levers can optimize loan conditions, making the offer more attractive to your client.
Prompt:
"Give me a step-by-step plan to improve the chances of approval. Break it down into quick wins before submission and longer-term fixes."
When to Use:
> Tip: Implementing quick wins can significantly enhance approval odds, while long-term strategies ensure sustained compliance.
Feel free to ask any other questions, such as:
> Note: Custom questions allow you to address specific concerns, tailoring the application process to your client's unique situation.
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