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 for brokers, 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 5 modules
- Loan Processor 8 modules
- Loan Packager & Credit 12 modules
In their own words
What past students say
“The result since we completed the training has been improved – we’re getting one to 2 touch formal approvals now, our servicing calculators are now more accurate…This training is not just for brokers who have been in the industry for a long time but also for brand-new brokers or support staff. The knowledge that Amanda imparted and the way she delivered the content was impeccable. We were very impressed.”
Tegan Saleh Operations Manager @ Complete Finance Management “I completed the [Self Employed] training with Amanda and I feel like it’s filled all those gaps…I found the training covered all those little niches and gave a very good general broad overview of everything you need to know. Feeling very confident to write an application after the training.”
Lawson Puho Mortgage Broker