C.07 Compliance - Liabilities
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 check box. This makes sure the existing security & refinance calculator works.
Best Practice As a rule you should complete a Equifax Credit Report for your client and check this to make sure the client does not have any UNDISCLOSED LIABILITIES. Lenders are current reporting back to your aggregator all undisclosed liabilities