Rate Sheet

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Rate Sheet

A schedule that a bank distributes to auto dealerships stating amounts of money that the bank will pay the dealership for each incremental interest rate the dealership manages to convince the customer to pay. That is, a dealership may have an arrangement with a bank whereby the bank provides financing for the dealership's sales. If the dealership is able to convince a customer to accept a higher interest rate, the bank earns a higher profit. As a result, it offers a monetary incentive to the dealership to encourage this. The rate sheet states how much money the bank pays for each interest rate.
References in periodicals archive ?
UWM regularly communicates with its brokers to equip them with timely, relevant news, including daily rate sheets, weekly emails about company products and pertinent industry information.
Prepare rate sheets and reports on an as needed basis as requested.
Many aren't required by law to disclose that many of these major lending institutions are manufacturing their own internal rate sheets.
This prominent PPE deals with so much mortgage data on a daily basis, processing thousands of rate sheets per day, that the Federal Reserve Board is even a client.
It's just that over the last few months, people got used to seeing a four on the rate sheets.
At the height of the boom, brokers typically worked from rate sheets provided by lenders.
Also available are trail maps, rate sheets, road reports, weather reports and ski reports.
An alternative way of understanding the problem with using APRs for fair-lending compliance comes from noting that many lenders do not permit their loan officers to deviate from their rate sheets (i.
In the past, HomeSide was awash in manuals and program guides; each morning it would fax out rate sheets.
Mortech supplies all-in-one pricing, rate notification, prospect management tools, custom rate sheets, secondary marketing tools, loan product eligibility and guideline services to thousands of mortgage professionals.
Lenders can create marketing materials for any purpose, including rate sheets, open house sheets, tri-fold brochures, business cards and stationery, social media postings and special promotional items.
Today s agents are out where their customers are, and we know that many times they find themselves without access to the internet or paper rate sheets.