NCCP - Compliance audit

• Document No.

• Audit Title

• Client / Site

• Conducted on

  Date

• Prepared by

• Location
  Address

• Personnel

Audit preparation

• Client full names

• Lender

  Select AMP ANZ Adelaide Bank Bank of Mel Bankwest CBA Citibank Homeloans Homeside IMB ING Latrobe Liberty NAB Paramount Peppers RAMS SunCorp Westpac

  • AMP
  • ANZ
  • Adelaide Bank
  • Bank of Mel
  • Bankwest
  • CBA
  • Citibank
  • Homeloans
  • Homeside
  • IMB
  • ING
  • Latrobe
  • Liberty
  • NAB
  • Paramount
  • Peppers
  • RAMS
  • SunCorp
  • Westpac

• Type of loan

  Purchase

  Refinance

  refinance with debt consolidation

• Purpose

  Personal use

  Business/investment

• 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

  Yes

  No

  N/A

• 1.2. Clients data shared with real estate partner

  Yes

  No

  N/A

• 1.3 client data shared with Financial Planner

  Yes

  No

  N/A

• 1.4 Client information was shared with Legal representative

  Yes

  No

  N/A

• Have adequate notes been entered at every stage of the loan and also details of discussions have been kept?

  Yes

  No

  N/A

• Observations: please enter your findings in regard to the data entry, accuracy and quality of file notes

• Grade this section on a scale of 1 being extremely poor and 10 being extremely good

2. Interview

• 2.1. VFG process was explained to client

  Yes

  No

  N/A

• 2.2. YNAB budget was created

  Yes

  No

  N/A

• Budget result

  Surplus

  min surplus

  no surplus

  negative cash flow

• 2.3. Was mortgage minimization completed

  Yes

  No

  N/A

• 2.4. Estimate of loan cost and repayments was given to the client

  Yes

  No

  N/A

• 2.5. Lenders product information was given to the client

  Yes

  No

  N/A

3. Compliance Documentation

Privacy

• 3.1. Privacy disclosure provided to the client

  Yes

  No

  N/A

4 Assessment and fact finder

• 4.1 Assessment and Fact Finder was completed

  Yes

  No

  N/A

• Client information

  Missing

  incomplete

  complete

• Employment verification App 1

  Complete

  not complete

  incomplete

• Employment verification App 2

  Complete

  not complete

  incomplete

  Not applicable

• Employment notes App 1

• Employment notes App 2

• 4.2 Finance summary completed

  Yes

  No

  N/A

• Finance summary notes

• 4.3 Is the deal a refinance

  Yes

  No

  N/A

• How was the refinance information completed

  Satisfactory

  partly completed

  inaccurate

  not done

  not applicable

• Was refinance data entry accurate?

  Yes

  No

  incomplete

  not applicable

• 4.4 Was the notes and justification adequate?

  Yes

  No

  N/A

• Overall rating of the information provided in the Finance Summary

• Notes and concerns regarding the Finance Summary

• Rate the level of data completion and justification of refinance or choice of product

• 4.5 loan criteria completed

  Yes

  No

  N/A

• Notes and concerns regarding the Loan Criteria

• Rate the justification for lender chosen.

• 4.6 Asset and Liability section complete

  Yes

  No

  N/A

• 4.7 Data is accurate when cross checked with actual asset and liability proof?

  Yes

  No

  N/A

• Summary and additional remarks completed

  Yes

  No

  N/A

• Assessment of notes entered

  Adequate

  not adequate

  incomplete and inadequate

  not completed

• Notes and concerns regarding the Summary findings

5. IDR information

• 5.1 was the IDR procedure given to the client/s

  Yes

  No

  N/A

6. Lenders list

• 6.1 Was the lenders list provided to the client/s

  Yes

  No

  N/A

7. Credit guide

• 7.1 Was the credit guide complete accurately? (check if the correct tick box was selected concerning fees)

  Yes

  No

  N/A

• Notes

8. Credit proposal

• 8.1 Was the credit proposal complete correctly? (check if the correct tick box was selected concerning fees)

  Yes

  No

  N/A

• 8.2 Was the lenders commissions calculated and entered

  Yes

  No

  N/A

• Notes

9. Quote

• 9.1 If a fee applies to this loan, was the Quote given to the client/s

  Yes

  No

  N/A

• 9.2 Was the fee accurately recorded on the Quote?

  Yes

  No

  N/A

• Note

10. Compliance checklist

• 10.1 Was the checklist completed?

  Yes

  No

  N/A

• 10.2 Was there a change in the deal, and if so were the correct documents reprinted and given to the client/s

  Yes

  No

  N/A

• Note

Sign Off

• Auditor's signature

  Sign