Question
In respect to your compliance obligations, there are 3 documents a mortgage broker should have in the first client interview, two of which should be
In respect to your compliance obligations, there are 3 documents a mortgage broker should have in the first client interview, two of which should be provided to the client. [6 Marks]
a. List the 3 documents you would bring to meet with your clients b. Briefly outline each of these documents.
B. Choose and describe 3 loan products you would suggest to these clients. Include the following: [15 Marks]
a. How and why these product choices would suit this client's requirements
b. What the short and long-term benefits of the product choices would be
c. The risks of the three suggested products (eg. different product features)
d. How you would assist the client with the preferred product option You should use the internet for your research, for example: https://www.amp.com.au/home-loans/build and you can choose more than one lender to if applicable for your answers
C. Identify and define 5 key considerations of this client's land purchase scenario, that a lender would review on receiving this loan application. [5 Marks]
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