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#717202 - 04/17/07 01:50 PM Auto-decisioning Direct Loans and CIP
kitten Offline
10K Club
Joined: Jul 2006
Posts: 12,579
Not prison
I didn't see this posted before, so...

We want to start an Auto-Decisioning program for our Direct loans. We already have it for Indirect. Can someone point me to some definitive information about how to handle CIP for this? The Indirect side relies on their dealers.

I would imagine that, since the account is not officially open until consummation, the ID could still be presented/verified prior to signing the docs at the closing, but I want to provide documentation.

Thank you in advance!!!
I shall call you Thunder Twonk. ~TfD

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#719003 - 04/19/07 08:17 PM Re: Auto-decisioning Direct Loans and CIP kitten
Bailey. Offline
Power Poster
Joined: Nov 2006
Posts: 4,558
Start with BSA section 121, USAPA section 326, and OFAC section 201.

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#719131 - 04/20/07 03:18 AM Re: Auto-decisioning Direct Loans and CIP kitten
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
What is auto-decisioning?
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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