AUTOMOTIVE FINANCE APPLICATION PROCESSING CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)


--- APPLICATION INTAKE & VERIFICATION ---
[ ] Application Date
[ ] Customer Referral Source (if applicable)
[ ] Application Method (Online, In-Person, Phone)
[ ] Application ID (if assigned)
[ ] Down Payment Amount (if applicable)
[ ] Date of Birth Verification
[ ] Proof of Identity (e.g., Driver's License)

--- CREDIT BUREAU & INFORMATION RETRIEVAL ---
[ ] Credit Bureau Used (Experian, Equifax, TransUnion, Other)
[ ] Consumer Report Order Number
[ ] Date Credit Report Ordered
[ ] Notes on Credit Report Review (e.g., discrepancies)
[ ] Copy of Credit Report (Secure Upload)
[ ] Credit Score Range (300-579: Poor, 580-669: Fair, 670-739: Good, 740-799: Very Good, 800+: Excellent)

--- INCOME & ASSET VALIDATION ---
[ ] Gross Monthly Income (Before Taxes)
[ ] Employment Verification Documentation (Pay Stubs, Letter from Employer)
[ ] Other Monthly Income (Specify Source)
[ ] Description of Other Income Sources
[ ] Bank Statements (Last 2 Months)
[ ] Value of Liquid Assets (Savings, Checking)
[ ] Documentation Supporting Asset Values (Account Statements)

--- DEBT-TO-INCOME RATIO CALCULATION ---
[ ] Gross Monthly Income
[ ] Monthly Loan Payment (Principal & Interest)
[ ] Monthly Housing Payment (Rent or Mortgage)
[ ] Monthly Credit Card Payments
[ ] Other Monthly Debt Payments (Specify in Long Text)
[ ] Description of Other Debt Payments (if applicable)
[ ] Total Monthly Debt Payments
[ ] Debt-to-Income Ratio (%)

--- LOAN TERM & INTEREST RATE SELECTION ---
[ ] Requested Loan Term (Months)
[ ] Selected Loan Term Tier (Short Term (36 Months), Mid Term (48 Months), Long Term (60/72 Months))
[ ] Preliminary Interest Rate (%)
[ ] Credit Tier Adjustment (Excellent, Good, Fair, Subprime)
[ ] Calculated Interest Rate (%)
[ ] Interest Rate Justification/Notes

--- CREDIT APPROVAL & UNDERWRITING ---
[ ] Credit Score
[ ] Loan Amount
[ ] Down Payment Amount
[ ] Risk Tier Assignment (Tier 1 (Low Risk), Tier 2 (Moderate Risk), Tier 3 (High Risk))
[ ] Underwriter Notes
[ ] Approval Date
[ ] Underwriter Signature

--- CONTRACT PREPARATION & REVIEW ---
[ ] Contract Terms and Conditions Review
[ ] Loan Amount
[ ] Interest Rate
[ ] Contract Start Date
[ ] Contract End Date
[ ] Contract Type (Retail, Lease)
[ ] Finance Manager Signature

--- DISCLOSURE & CUSTOMER SIGNATURES ---
[ ] Truth-in-Lending Disclosure Explanation
[ ] Finance Charge Disclosure Explanation
[ ] APR Disclosure Explanation
[ ] Customer Acknowledgement of Loan Terms (Yes, I understand the loan terms, No, I do not understand the loan terms)
[ ] Customer Signature
[ ] Date of Signature

--- FUNDING & CONTRACT SUBMISSION ---
[ ] Loan Amount
[ ] Funding Date
[ ] Funding Time
[ ] Funding Source (Bank A, Bank B, Internal Funds)
[ ] Funding Confirmation Document
[ ] Notes on Funding Process
[ ] Contract Submission Method (Electronic, Mail, Courier)
[ ] Contract Submission Date

--- POST-FUNDING COMPLIANCE & AUDIT ---
[ ] Funding Date Confirmation
[ ] Loan Amount Verified
[ ] Compliance Training Completion Status (Completed, In Progress, Not Started)
[ ] Audit Trail Documentation
[ ] Next Compliance Review Date

--- END OF TEMPLATE ---
Transform this text into a digital, automated, and trackable mobile app!
Visit: https://checklistguro.com/templates/automotive/automotive-finance-application-processing-checklist
(Click "Install Template" to launch your digital inspection tool immediately)