Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

Handled by: Currently handled by Nehemiah @ EverBrightand Marti Ranea

Background: There may be instances where EverBright needs to provide a prepayment/buyout (PPA) or payoff buyout (RIC) amount.

This request could be received as follows:

  • Email ticket from Launch

  • Failed credit qualification for a Home Transfer Sale

  • Home Demolish and Rebuild

Criteria

Product

Pre-M3

Post-M3

RIC Buyout

Not allowed

Launch Provides

Fixed PPA Prepayment

Not allowed

Launch Provides

Flex PPA Prepayment

Not allowed

Email Internal Team (see below) (soon case assignment for revenue protection)

Flex PPA Buyout (Prior to Year 6)

Create a case

  • Customer request type

    • System transfer/UCC terminations

  • Customer request subtype

    • PPA Buyout < year 6

Create a case assignment for Resolution team

  • Referral

    • Per SOP

Email Internal Team (see below)(soon case assignment for revenue protection)

Fixed PPA Buyout (Prior to Year 6)

Create a case

  • Customer request type

    • System transfer/UCC terminations

  • Customer request subtype

    • PPA Buyout < year 6

Create a case assignment for Resolution team

  • Referral

    • Per SOP

Email Internal Team (see below)(soon case assignment for revenue protection)

Note

This process is only to be handled by Nehemiah @ EverBrightand Marti Ranea

Process Overview

STEP

ACTION

1

  • EverBright Customer Support creates a case in Salesforce under the customer’s contact record

1

2

  • Send an email to Ryan Cabral Soto <ryan.cabralsoto@goeverbright.com> and Brian Wang <brian.wang@goeverbright.com> with the following information: (Pending: Intergrade into Salesforce)

    • Borrower’s Name

    • Contract IDThe screenshot of the contract information status of the account

    • Type of request

      • Flex PPA: Prepayment (<6th year) or buyout (>6th year)RIC: PayoffPrior to Year 6

      • PPA Buyout (Flex or Fix): Prior to Year 6

3

  • Forward the above information once available to Launch through the original form of communication

4

  • Close Salesforce case

Contract information status of the account

STEP

ACTION

1

  • Input account identifier

Expand
titlePerson Search
image-20240710-202352.pngImage Removed

2

  • Click ‘Loan ID’ under ‘Loan Information’ on ‘Person Information’ screen

Expand
titlePerson Information
image-20240710-203910.pngImage Removed

3

  • Screenshot the ‘Contract Information’ screen

Expand
titleContract Information
image-20240710-205401.pngImage Removed