Podcast
Questions and Answers
Which of the following is a potential warning sign of fraud in the income employment category?
Which of the following is a potential warning sign of fraud in the income employment category?
- Verifying if the applicant's income is in line with their employment type
- Checking the authenticity of bank statements
- Accepting photocopies of income documents (correct)
- Verifying if the applicant's income has only gone up in the last four months
What is one way to spot potential fraud issues with clients early in the finance arrangement process?
What is one way to spot potential fraud issues with clients early in the finance arrangement process?
- Check the validity of bank statements
- Conduct simple web checks on the employer (correct)
- Verify if the applicant's income appears in line with their employment type
- Verify if the applicant's income has only gone up in the last four months
What is one potential warning sign of fraud in the income employment category related to bank statements?
What is one potential warning sign of fraud in the income employment category related to bank statements?
- False bank statements (correct)
- Impersonation
- Undisclosed adverse credit
- Deliberate non-disclosure of a relationship between the purchaser and the vendor of a property
Which one of these should be considered when scrutinizing large deposits for mortgage applications?
Which one of these should be considered when scrutinizing large deposits for mortgage applications?
What should be obtained to verify the funds for a gifted deposit?
What should be obtained to verify the funds for a gifted deposit?
What should be checked to ensure that all mainstream mortgages are plausible?
What should be checked to ensure that all mainstream mortgages are plausible?
What should be done if an application stalls due to a chain break or relationship breakdown?
What should be done if an application stalls due to a chain break or relationship breakdown?
Which of the following factors should be considered when assessing the quality of payslips?
Which of the following factors should be considered when assessing the quality of payslips?
What should be checked when reviewing bank statements for salary credits?
What should be checked when reviewing bank statements for salary credits?
What should be considered when assessing self-employed applicants?
What should be considered when assessing self-employed applicants?
What should be checked when dealing with Let to Buy scenarios?
What should be checked when dealing with Let to Buy scenarios?
