It is the role as a responsible lending broker to understand the clients current and future cashflow. this means you to discuss with your clients if they expect changes in their current situation. This can include:
How, Where and When did you interview the client. You need to be able to find out this information quickly and easily. The Verifications Completed section will help you document all these requirements.
The Preliminary or Written Assessment must be created within 90 days of the credit being completed. However Premium Broker require this document to be created prior to submitting the loan. If the loan is in VowNet it is as simple as creating the d...
Broker's Notes are a Premium Broker template that has been designed to help brokers get the loan approved. It is NOT a compliance requirement to send this document to the lender however it is considered best practice.