Loan Tracker Navigation Quiz

Corporate Training

Financial Systems

ISO 29993

Reviewed by Editorial Team

The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.

Learn about Our Editorial Process

| By Defaultpreventio

Defaultpreventio

Community Contributor

Quizzes Created: 9 | Total Attempts: 1,983

| Attempts: 479 | Questions: 20

Share on Facebook Share on Twitter Share on Whatsapp Share on Pinterest Share on Email Copy to Clipboard Embed on your website

Question 1 / 20

0 %

0/100

Score 0/100

1. When requesting an Income-Base Repayment Application form to be mailed to the borrower, what contact code will be used to create your request?

Correct Answer: RQ
Repayment Request

To request a written forbearance you will use FQ. For a deferment request, you will use DQ.

Explanation

Correct Answer: RQ
Repayment Request

To request a written forbearance you will use FQ. For a deferment request, you will use DQ.

Submit

About This Quiz

Over the last week you have been introduced to the Navigation, usage and behaviors of Loan Tracker.

This quiz is designed to test your knowledge of topics discussed during your attendance of your second week of SLS New Hire Training.

You have been allotted 30 minutes to complete the quiz.... see morePlease review each answer prior to submitting as the online quiz will only allow you to submit the answer once and will provide the correct answer following your submission. Unanswered or blank submissions will be marked as incorrect.

WARNING: Timer may show you have X mins, X secs left. This DOES NOT reflect accurate time when you stop to read Answer Explanation. You will have time at the end of the Quiz to view Explanations for each answer.

This quiz contains True/False, fill in the blank, check all that apply and multiple choice questions.

Enter your First and Last name in the box below (example: John Doe). see less

What's your name? Tell us your name to personalize your report, certificate & get on the leaderboard!

2. (Type the Field Name as it appears in the image below) Which field needs to be corrected?

Correct Answer: Cured By
The Cured By field currently shows "OB-Del" which would indicate that it was cured by an SLS agent.
Because the DHAR has already been applied to the borrower's account by the servicer, this is a "Natural Cure". The Cured By field should be "Servicer" for a Natural Cure.

Explanation

Submit

3. The Status field needs to be corrected. What is the correct status needed for this application?

Correct Answer: Granted/Verified
Because phone Student Loan Specialists are required to grant Natural cures, you will select Granted/Verified from the drop down option.

Explanation

Correct Answer: Granted/Verified
Because phone Student Loan Specialists are required to grant Natural cures, you will select Granted/Verified from the drop down option.

Submit

4. What contact code will Louie use to request an Economic Hardship Deferment?

Correct Answer: DQ
Louie will need to use DQ for a Deferment Request

Explanation

Correct Answer: DQ
Louie will need to use DQ for a Deferment Request

Submit

5. Does Louie need to check the box for Follow Up Completed? Yes or No

Correct Answer:04/15/2013 Louie's notes indicate he received a call and is requesting a form from the Processing Team. The request will be for the same date as the call to ensure Processing will expedite Louie's request.

Explanation

Submit

6. You need to call the servicer to verify a Natural Cure. The servicer asks you for your school code. What school code will you provide for this account?

Correct Answer: 001534080
Every college is identified by an OPEID (Office of Postsecondary Education Identifier). This OPEID consists for a six digit main campus number and a two digit branch number.

Explanation

Correct Answer: 001534080
Every college is identified by an OPEID (Office of Postsecondary Education Identifier). This OPEID consists for a six digit main campus number and a two digit branch number.

Submit

7. You successfully completed a verbal forbearance for this borrower with all servicers. How many applications will you create?

Correct Answer: Two
There are two servicers currently servicing the borrower's loans. Here the servicer codes are 700191 and 700578. Each Servicer has a FY10. You will generate one application for each servicer you successfully completed a verbal forbearance with and/or for each servicer who contains a Natural Cure.

Explanation

Submit

8. (Type the Field Name as it appears in the image below) Paul needs to complete this Contact note. Which field will Paul need to complete?

Paul needs to complete the "Phone Dialed" field in the Contact note.

Explanation

Paul needs to complete the "Phone Dialed" field in the Contact note.

Submit

9. If there is an incorrect spelling of a borrower's last name, you may edit the borrower's name using the Edit option within the primary field.

True

False

Correct Answer: False
In order to correct or update name, the borrower must submit a copy of legal documentation such as the borrower's social security card, marriage license, birth certificate, driver's license or identification card.

Explanation

Submit

10. Janet will check the "Follow Up Completed" Box in order complete this entry.

True

False

Correct Answer: False
An SLS phone agent will never cancel a follow up.

Explanation

Correct Answer: False
An SLS phone agent will never cancel a follow up.

Submit

11. Shirley needs to update Barbara's primary number to 234-567-1375. How will Shirley update this telephone to the primary field?

Type Directly into primary field

Click on the Green Arrow for 330-362-0289

Click on the Green Arrow for 234-567-1375

Click on the Edit option in the Primary Tab and add 234-567-1375 to phone field

Correct Answer: C
When updating an address, telephone number or email to the primary field, you will be required to ensure the address, telephone number or email address is listed with the Skip Tracing Tab. Then select the Green Arrow. This will prompt a message of "Move this phone number to student main phone number?" Select "OK" to accept.

Explanation

Submit

12. How do you correctly indicate 3303 ATHERTON CANYON DR HOUSTON TX 77014 as a bad address?

A. Click on Select, then click on "Bad Address"

B. Click on Edit, then check box "Bad Phone"

C. Click on the red X button located to the left of 3303 ATHERTON CANYON DR HOUSTON TX 77014

D. Click on the red X button located to the left of 832-352-4186

E. Click on the red X button located to the left of [email protected]

Correct Answer: C
The Red X button will remove and identify the information selected in the primary field as "Bad." Buttons located to the left of each field correspond to the information to its immediate right.

Explanation

Submit

13. Barry has confirmed and received authorization to call Raquel on her cell phone using the automated dialing system. This entry is complete.

True

False

Correct Answer: False
The Cell Phone Authorized box and Phone Confirmed box should be checked.

Explanation

Correct Answer: False
The Cell Phone Authorized box and Phone Confirmed box should be checked.

Submit

14. Which tab allows you to view paperwork that has been received by the borrower and uploaded to Loan Tracker?

Loans

Contacts

References

Application Tracking

Skip Tracing

Letters

Forms

Other

Other Loans

Documents

The tab that allows you to view paperwork that has been received by the borrower and uploaded to Loan Tracker is the "Documents" tab. This tab provides access to all the relevant documents related to the loan process, allowing you to easily track and manage the paperwork received from the borrower.

Explanation

Submit

15. When creating an application for a Natural Cure, a Follow Up Date is not required.

True

False

Correct Answer: True
Natural Cures will be granted the same day by the Student Loan Specialist phone agent and do not require a follow up date. You will place today's date in the "Received" and "Granted" field.

Explanation

Submit

16. When you are requesting forms to be sent to a borrower, which tab will you use to create your request?

Loans

Contacts

References

Previous Information

Application Tracking

Skip Tracing

Letters

Forms

Other

Other Loans

Documents

Correct Answer: Contacts
Contacts Tab will allow you to create a detailed note. Within this contact note, you are able to request a follow date and follow agent to complete your request.

Explanation

Correct Answer: Contacts
Contacts Tab will allow you to create a detailed note. Within this contact note, you are able to request a follow date and follow agent to complete your request.

Submit

17. (Check all that apply) Janet needs to add a Reference to Larry's Loan Tracker account. Check the required fields needed to complete the request to add Larry's reference.

Name

Address, City, State, Zip

Phone

Relation

Comments

Confirmed

Mail Returned

Bad Phone Number

Correct Answer: Name, Phone, Relation, Confirmed
When adding or editing a Reference, there are a minimum of 4 requirements.
1) Reference's Name (First and Last)
2) Telephone number
3) Relation to borrower
4) Check "Confirmed" box to verify reference information has been validated.

Explanation

Submit

18. When is a Student Loan Specialist required to create an Application?

Generating standardized notes for call details

Requesting written documents to be sent to borrower

After the completion of a verbal forbearance and/or natural cure

All of the above

Correct Answer: C
Call Center Student Loan Specialist are ONLY permitted to create Applications within the Application Tracking Tab, once a Verbal Forbearance has successfully been requested and completed with the servicer and when an account has been verified with the servicer that a forbearance, deferment or payment has been applied to the account (Natural Cure) without any assistance from the Student Assistance Center.

Explanation

Submit

19. When the Servicer grants a Verbal Forbearance over phone, the SLS agent should request a form by using contact code FQ in the Contacts tab.

True

False

When the Servicer grants a Verbal Forbearance over the phone, the SLS agent should not request a form by using contact code FQ in the Contacts tab. This means that the statement is false.

Explanation

When the Servicer grants a Verbal Forbearance over the phone, the SLS agent should not request a form by using contact code FQ in the Contacts tab. This means that the statement is false.

Submit

20. (Check all that apply) What information is missing or incomplete to update this telephone number as a "Bad Number?"

Status Date

Update "Skip Type" to Wrong Number

Check "Bad Address"

Check "Bad Phone #"

Correct Answer: D
Checked the "Bad Phone #" (for telephone number only) or Check the Bad Cell Phone (for mobile phone only) and include a skip trace note of "Wrong Number."

Explanation

Correct Answer: D
Checked the "Bad Phone #" (for telephone number only) or Check the Bad Cell Phone (for mobile phone only) and include a skip trace note of "Wrong Number."

Submit

View My Results

Quiz Review Timeline (Updated): Mar 21, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.