Module PLA01
Personal Liabilities
Identify a client's personal liabilities, verify them with the right documents, and factor them into servicing.
Missed or mis-stated liabilities are a fast route to a servicing problem. This session covers the types of personal liabilities that affect an application, the supporting documentation each one needs, and how to verify them. You finish able to factor a client's liabilities into servicing accurately.
What you will be able to do
- ✓ Identify the types of personal liabilities
- ✓ Know the documents that verify each liability
- ✓ Verify a client's stated liabilities
- ✓ Factor liabilities 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.
- Loan Processor 7 modules
- Loan Packager & Credit 12 modules