Understanding Your Deal Jacket Documents

This captures the customer's electronic signature granting consent for the soft credit pull, acknowledging your dealership's privacy policy, and agreeing to be contacted by phone. It's generated automatically as part of the soft pull process.

This is the formal credit application — the document used when a deal moves from a soft pull into an actual submission to a lender.

This is the vehicle valuation record. For used vehicles, it reflects JD Power bookout data adjusted for mileage and features; for new vehicles, it reflects pricing based on your dealership's approved invoice.

RBPN stands for Risk-Based Pricing Notice — a required disclosure sent to the customer when the financing rate offered is based in part on their credit report. SelectFI automates delivery of this notice to help fulfill your dealership's fair credit obligations.

This is the actual credit report pulled for the customer — from the initial soft pull, or from a hard pull if the deal is submitted to a lender.

This is the notice required under fair lending law when a customer is denied credit, or offered less favorable terms than requested. It explains the reason for the decision, and SelectFI's Send Link feature is built to get this notice to the customer directly.

Identity relates to verifying the customer's identity as part of the compliance file. Action Notices generally track additional actions or notifications tied to the deal. If you need the exact specifics of what triggers each for your setup, your account team can confirm — this is one area worth a quick verify rather than assuming.

• Consent — customer's signed agreement for the soft pull and privacy policy
• Credit App — the formal application once a deal moves to lender submission
• Bookout — vehicle valuation (JD Power for used, dealer invoice for new)
• RBPN — required notice when a rate is based on the credit report
• Adverse Action — required notice when credit is denied or terms are less favorable

Questions? Reach out to your SelectFI account team and we'll be happy to help.