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 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.
- Mortgage Broker & Broker Support 6 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