Home Real Estate What is the process for a mortgage broker to seek clarification about a product or policy, run a particular scenario with a lender or answer a client’s advice request?
Real Estate

What is the process for a mortgage broker to seek clarification about a product or policy, run a particular scenario with a lender or answer a client’s advice request?

Learning Goal: I’m working on a real estate writing question and need an explanation and answer to help me learn.
Question 1
What is the process for a mortgage broker to seek clarification about a product or policy, run a particular scenario with a lender or answer a client’s advice request?
Question 2
What is the main role of a mortgage broker? (Identify the primary role of a mortgage broker, his Responsible Lending Obligations and Best Interest Duties Obligations).
Question 3
Outline the procedures and principles of deposit bonds.
Question 4
According to Asic, list four situations which could define ‘vulnerability’ in a person that might affect the finance and mortgage broking services.
Question 5
Explain the key features of Lender’s Mortgage Insurance.

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