Premium Broker Blog
 

June 14, 2018

Broker Tools - Loan Recommendation

Loan Recommendation Reasoning

Brokers need to ask; how reasonable you were in arriving at the loan product you recommended for the client and how have you recorded it. This information should be recorded in the Advice Comments section i...

June 9, 2018

Broker Tools - Advice Comments

It is the role as a responsible lending broker is understand what your clients wants and needs and then recommend the most suitable choice of products you can.  

Audits
When you get audited, the auditor will want to see how your r...

June 9, 2018

Broker Tools - Foreseeable Changes

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:

Audits
When you...

June 8, 2018

Broker Tools - Verifications

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.  

Audits
When you get au...

June 7, 2018

Broker Tools - Conflict of Interest

Credit licensees must ensure their customers are not disadvantaged by any conflicts of interest. The easiest way to avoid this happening is by adopting full disclosure.

Examples of Conflict of Interest

  • being related to the applicant

    ...
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