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Better Choice Masterclass NSW

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Level 24, 52 Martin Place, Sydney, 2000

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The Masterclass will include:

- Identifying your client, in terms of purpose and product. (Full Doc, Low Doc, Clear Credit, Adverse Credit, Cash Out, Purchase etc.)

- Work out what direction you will need to go in to be in a position to submit the deal. (Eg. self-employed – ASIC verification to ensure the borrower is a director/shareholder, ABN/GST registration, types of info available and how old (financials, BAS or bank statements).

- Review the statements, make reasonable enquiries (What is reasonable? - It is scalable to the characteristics of the borrower and type of loan, maybe they need an Accountants letter, use the Better Choice Scenario Line to guide you).

- Learn how to sell a non-bank (unknown brand), make file notes (for yourself and for the Lender).

- Follow the lender checklist once a Lender has been decided.

- Finish with ‘would you lend your own money’ to this borrower if you received this application with the information provided etc.

We will then follow with a chat with the Credit team, who will talk you through the common mistakes and omissions that are seen every day. Also we will run through a couple of scenarios and go through some DOs and DON’Ts.

The session will finish with a Q&A session to ask about any issues or scenarios you have.

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Level 24, 52 Martin Place, Sydney, 2000

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