Nccp - compliance audit
This audit serves to check credit advisors compliance performance
What does this form include?
This form contains 25 sections:
Client full names
Lender
Audit preparation
Loan amount
Date of Assessment Date
Date of approval Date
Date of settlement Date
Credit Advisor full name
1. ABS data entry
- 1.1 data entry was complete and accurate
- 1.2. Clients data shared with real estate partner
- 1.3 client data shared with Financial Planner
- 1.4 Client information was shared with Legal representative
- Have adequate notes been entered at every stage of the loan and also details of discussions have been kept?
Observations: please enter your findings in regard to the data entry, accuracy and quality of file notes
2. Interview
- 2.1. VFG process was explained to client
- 2.2. YNAB budget was created
Privacy
- 3.1. Privacy disclosure provided to the client
4 Assessment and fact finder
- 4.1 Assessment and Fact Finder was completed
Notes and concerns regarding the Finance Summary
Notes and concerns regarding the Loan Criteria
Notes and concerns regarding the Summary findings
5. IDR information
- 5.1 was the IDR procedure given to the client/s
6. Lenders list
- 6.1 Was the lenders list provided to the client/s
7. Credit guide
- 7.1 Was the credit guide complete accurately? (check if the correct tick box was selected concerning fees)
Notes
8. Credit proposal
- 8.1 Was the credit proposal complete correctly? (check if the correct tick box was selected concerning fees)
- 8.2 Was the lenders commissions calculated and entered
9. Quote
- 9.1 If a fee applies to this loan, was the Quote given to the client/s
- 9.2 Was the fee accurately recorded on the Quote?
Note
10. Compliance checklist
- 10.1 Was the checklist completed?
- 10.2 Was there a change in the deal, and if so were the correct documents reprinted and given to the client/s
Auditor's signature
Use this template