Finance and Mortgage Broking | Assignment
Added on 2020-03-28
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FNS40815CERTIFICATEIV IN FINANCEANDMORTGAGEBROKING–ASSESSMENTTASKS©Copyright2015,TheNationalFinanceInstituteV.010715The followingformsshouldbe usedfor Assignment1–Question 6.WhencompletingtheLoanApplicationCoverSheet,traineeswith anexistingcompany/employerarepermittedtofollowtheCover Sheetformatspecifiedbytheircompany/employer.Fortraineeswhodonothaveanexistingcompany/employercover sheettemplateavailable,pleaseusetheLoanApplicationCover Sheetprovidedinthisgroupofforms.
LendingChecklistThefollowinglistcanbeusedasyourChecklistofnecessarydocumentation. Brokersmaycaretodevelopasimpler formfromsomeoftheheadingsbelowtofaxoremailtotheirclientstocollectinformation. Otherdocumentationmay berequired by some lenders,based onunusualcircumstances bythe applicant.YesNoN/A1. ThisLoan SummaryChecklist√2. Loan Submission (commission breakdown etc.)√3. NSR Serviceabilityworksheet√4. Loan ApplicationForm√5. PrivacyActConsentForm√6. Declaration ofPurpose√7. JointNomination Form√8. Loan Interview DiaryNote√9. 100Point IDChecklist√10.Acknowledgement and DisclosureForm√11.EvidenceofIncome√A. PAYGIncomeDocumentation (minimum2forms)EITHER 3 Pay Slips covering the3preceding months, withonebeingwithin the pastfour weeks preferably confirming atleastthree months YTD(consistent with annualincome),OR√ Last2years’ TaxReturn accompanied byan ATOAssessmentNotice,OR Group Certificates/ PAYG Payment Summary(nothandwritten),OR PAYG PaymentSummary (if handwritten) accompaniedbyan ATOassessmentNotice√Signedand datedletter fromemployeron employer’sletterheadwith ACN/ABNconfirmingfullorpart-timeemploymentand annualgrossincome√B. SelfEmployedProofofABNwhere required fortheminimum termApplicant’slast2years personaltaxreturns and ATOAssessmentNoticeBusiness’ last2 years Taxreturn andFullFinancialStatements(when required)ContinuedOverleaf...
Supplementary documentationYesNoNA12. AreTFNs removedfromallfinancialdocumentation?13. Copyofvaluation/ valuation request LVR 80 %√14. Copyoffrontpageofcontractof sale√15. CopyofOffer& Acceptance–purchase /sale√16. Title details (lot/folio/etc.),plans/specs and/or buildingcontract forconstruction√17Evidenceof funds to complete(deposit/genuinesavings / equity)√18 Proofof genuinesavings (asabove)evidenced bybankstatementsoverthelast6 months(minimum)√19. Isthe FHOGforming part ofthisloanapplication?√20. Copies ofmostrecent6monthsbankstatements of allloansrefinanced√21. Copies ofinsurancepoliciesie. currenthouseand contentsinsurance policyand any life insurancepolicies√22. Copies of proofofotherinvestments ie. Superannuationstatements,sharecertificates and/ormanaged investmentstatements√23. Issuitable documentationheld on filetosupport otherincome? (eg. Centrelink/Childsupport/Dividends/FamilyTrustdisbursements)√24. Has sufficientproofofcurrentrentalincomebeenprovided by wayof RentalStatements, Valuation, CurrentLeaseAgreements, Tax Returns?√25. Council Rates and WaterRates Notices forthe property beingofferedassecurityona refinance√26. Additional supporting comments27. DeclarationThecorrectness ofthese documentsistheresponsibilityofthepersonsigning this Lending ChecklistSubmittedby:Signature:Date
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