Premium Broker Blog
 

June 30, 2018

Compliance Guidelines and Agreements for Premium Broker ACR’s and staff

Australian Credit Licence:      Premium Broker Pty Ltd

ABN:                                          40 105 746 692...

June 29, 2018

Credit Guide

The Credit Guide must be provided to the client as soon as possible, once finance is likely to proceed. A copy of the Credit Guide and Privacy Form is made available on the footer of our website and should be sent within our welcome to the client.


You are e...

June 28, 2018

Privacy Disclosure

The Privacy Disclosure MUST :

- be signed prior to completing an Equifax (Veda Advantage Check).
- be signed prior to submitting a loan by all clients & guarantors.

 

Electronic signatures

Electronic signatures are acceptable for all Premium Broker spec...

June 27, 2018

Client's Identity 

Every client must be identified, we recommend getting an updated copy of their driver’s licence for every new loan.  Brokers are to adhere to the specific lenders requirements on all occasions.

Credit Checks (Equifax)
Our policy is that you do not nee...

June 26, 2018

Fact Find - Client Need's Analysis

For the purposes of our Premium Broker's compliance, the VowNet CRM is considered an acceptable and preferred verification that a Fact Find has been completed. It does not need to be signed by the client.

The paper version of the Premiu...

June 25, 2018

Fact Find - Assets

Asset needs to be entered correctly and can be added by clicking on the ADD ASSET Button on the top right hand corner.

 As a general rule every client will have as a minimum:

  • Bank Account

  • Home Contents

  • Super

HINT - Assets should be compl...

June 24, 2018

Fact Find - Liabilities

Liabilities needs to be entered correctly and can be added by clicking on the ADD LIABILITY Button on the top right hand corner.

HINT - Make sure the LINKED ASSET is correctly selected.

If this liability is being REFINANCED, tick the refiance chec...

June 23, 2018

Fact Find - Living Expenses

Premium Brokers need to be very vigilant with regards to LIVING EXPENSES. As a licensee, Premium Broker has some specific policies and tools to assist in assessing client's Living Expenses.

Post Settlement
It is a Premium Broker poli...

June 23, 2018

Using Dropbox

VowNet allows you to automatically download all documents into your Dropbox account. This can be extremely helpful for having a backup and proof of documents you have created.  If you are using BankStatements.com.au it can be an much easier way of download...

June 22, 2018

Using BankStatements.com.au

Premium Broker has subscribed to illion Software's www.BankStatements.com.au.  The software provides a number of benefits to assist:

  • Collection of Bank Statements

  • Both Actual and Transaction Statements

  • Automatic Living Expenses C...

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Premium Brokers are Accredited Members of Vow Financial Pty Ltd and
the Mortgage & Finance Association of Australia.   Premium Broker Pty Limited ABN 40 105 746 692

© Premium Broker Pty Limited
Australian Credit Licence 392625