Audit preparation

  • Client full names

  • Lender

  • Type of loan

  • Purpose

  • Loan amount

  • Date of Assessment

  • Date of approval

  • Date of settlement

  • 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

  • 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

  • 2.2. YNAB budget was created

  • Budget result

  • 2.3. Was mortgage minimization completed

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

  • 2.5. Lenders product information was given to the client

3. Compliance Documentation


  • 3.1. Privacy disclosure provided to the client

4 Assessment and fact finder

  • 4.1 Assessment and Fact Finder was completed

  • Client information

  • Employment verification App 1

  • Employment verification App 2

  • Employment notes App 1

  • Employment notes App 2

  • 4.2 Finance summary completed

  • Finance summary notes

  • 4.3 Is the deal a refinance

  • How was the refinance information completed

  • Was refinance data entry accurate?

  • 4.4 Was the notes and justification adequate?

  • 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

  • Notes and concerns regarding the Loan Criteria

  • Rate the justification for lender chosen.

  • 4.6 Asset and Liability section complete

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

  • Summary and additional remarks completed

  • Assessment of notes entered

  • 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

  • Notes

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

  • Note

Sign Off

  • Auditor's signature

The templates available in our Public Library have been created by our customers and employees to help get you started using SafetyCulture's solutions. The templates are intended to be used as hypothetical examples only and should not be used as a substitute for professional advice. You should seek your own professional advice to determine if the use of a template is permissible in your workplace or jurisdiction. Any ratings or scores displayed in our Public Library have not been verified by SafetyCulture for accuracy. Users of our platform may provide a rating or score that is incorrect or misleading. You should independently determine whether the template is suitable for your circumstances. You can use our Public Library to search based on criteria such as industry and subject matter. Search results are based on their relevance to your search and other criteria. We may feature checklists based on subject matters we think may be of interest to our customers.