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Process and Resources Wells Fargo Consumer Finance Program

Process and Resources Wells Fargo Consumer Finance Program. Documents. Charge Slip. Credit Application. Completion Certificate * Required ONLY in TEXAS or on DEP *. Processing a Finance Transaction Be ginning to End. Once Installed Get Paid! Request Funding from Wells Fargo.

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Process and Resources Wells Fargo Consumer Finance Program

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  1. Process and Resources Wells Fargo Consumer Finance Program

  2. Documents

  3. Charge Slip Credit Application

  4. Completion Certificate *Required ONLY in TEXASor on DEP*

  5. Processing a Finance TransactionBeginning to End • Once Installed • Get Paid! • Request Funding from Wells Fargo • Submit Homeowner • Credit Application • Complete • Charge Slip • Texas Only • Completion Certificate It’s Easy for both the Dealer & Homeowner.

  6. Processing Finance Transactions -Beginning to End • Once Installed • Get Paid! • Request Funding from Wells Fargo • Submit Homeowner • Credit Application • Complete • Charge Slip The 1st Step: Submit the Homeowner Credit Application • Texas Only • Completion Certificate

  7. Credit Application • Customer Completes App: - signs & dates it. • Co- Applicant • Dealer mails p. 3 & 4 • of credit application to Wells Fargo. Customer keeps all remaining pages of credit app

  8. DEALERcan get homeowner approvals via: Wells Internet Processing System (IPS) VRU-Phone Process (Wells Voice Response Unit) -Must have homeowner complete, sign & date the correct paper credit application. -Dealer must mail the credit application to Wells Fargo. HOMEOWNERcan get approved via: Dealer Website Link Dealer Locator -Homeowner doesn’t have to complete a credit application Credit Application Options

  9. Processing Finance Transactions -Beginning to End • Once Installed • Get Paid! • Request Funding from Wells Fargo • Submit Homeowner • Credit Application • Complete • Charge Slip 2nd Step: Complete the Charge Slip on all Financed Jobs…. NO EXCEPTIONS!!!! • Texas Only • Completion Certificate

  10. Charge Slip MUST Complete a Charge Slip on Every Transaction

  11. Processing Finance Transactions -Beginning to End • Once Installed • Get Paid! • Request Funding from Wells Fargo • Submit Homeowner • Credit Application • Complete • Charge Slip 3rd Step: complete the Completion Certificate • Texas Only • Completion Certificate

  12. Completion Certificate *Required in TEXAS or on DEP* Dealer completes Customer Signs & Dates here Dealer Completes

  13. Processing Finance Transactions -Beginning to End Final Step: Dealer Submits to Wells Fargo for FUNDING • Once Installed • Get Paid! • Request Funding from Wells Fargo • Submit Homeowner • Credit Application • Complete • Charge Slip • Texas Only • Completion Certificate

  14. Some Key Points • Wells Fargo will usually ask for POI when finance request hits $12K. • Credit Line Increase – must provide homeowners annual salary • Keep Charge Slips for 7 years. • Except for the customer credit applications. Mail those to Wells Fargo every couple weeks. • Mail All Paper Credit Applications to Wells Fargo • Approved & Declined. • Wells Fargo can audit transactions within 24 hours notice. • No Dealer / Company employees, owners, officers, managers. • No Rental Homes. • No Pre-Funding. • Don’t charge a separate Line Item for the Finance Fee • Blend the cost into your sales price.

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