Module COMP01
Compliance
The compliance a mortgage file needs: the documents, the Credit Guide and Privacy Statement, and a clean Preliminary Assessment.
Compliance is not optional, and getting it wrong is expensive. This session covers the regulations and industry standards that govern a mortgage file, the documents a compliant broker needs, and how to prepare a Preliminary Assessment and Credit Proposal. It also covers explaining the Credit Guide and Privacy Statement to a client in plain terms.
What you will be able to do
- ✓ Understand the legal requirements of a compliant file
- ✓ Obtain the documents compliance requires
- ✓ Explain the Credit Guide and Privacy Statement to a client
- ✓ Prepare and submit a Preliminary Assessment and Credit Proposal
Format
- ✓ One live session of two hours, on Zoom, camera on
- ✓ A small group, so there is room for real questions on real files
- ✓ 2 CPD points, recognised by MFAA and FBAA
- ✓ A free re-sit for six months if you want to revisit it
Part of these tracks
This module is included in these course tracks, or you can take it on its own.
- Admin Loan Processor 4 modules
- Loan Processor 7 modules
- Loan Packager & Credit 12 modules