Module PAYG01
PAYG Income Analysis
Read PAYG income documents and apply the correct income to servicing, in line with lender policy.
PAYG looks simple until a bonus, an allowance or a probation clause changes what counts. This session defines PAYG income, the factors that decide whether income can be used for servicing, and how lender policies treat income verification. You finish able to apply the right income figure to servicing the first time.
What you will be able to do
- ✓ Define PAYG income and its components
- ✓ Judge whether a given income can be used for servicing
- ✓ Apply lender income-verification policy correctly
- ✓ Put the correct income into a servicing calculation
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.
- Mortgage Broker & Broker Support 6 modules
- Loan Packager & Credit 12 modules