Approval Check

Name of team member checking approval:

Client names:

Who is the broker?:
Carrie - ct@uploans.com.auKeisha - keisha@uploans.com.auCarly - carly@uploans.com.auSamantha - samantha@uploans.com.auLucy - lucy@uploans.com.au

Eliza handles all construction settlements.
Abbey handles all broker settlements (unless advised otherwise) including:
Purchases
Refinances
Seperations
Internal Refinances
Top-Ups

Who is Handling Settlement:
-Select one-Abbey - abbey@uploans.com.auEliza- eliza@uploans.com.auKeisha - keisha@uploans.com.auCarly - carly@uploans.com.auSamantha - samantha@uploans.com.auLucy - lucy@uploans.com.auDave - dave@uploans.com.auRose - rose@uploans.com.auSteve - steve@uploans.com.au

Who is CSM?:
-Select One-Keisha@uploans.com.auCarly - carly@uploans.com.auSamantha - samantha@uploans.com.auLucy - lucy@uploans.com.auEliza - eliza@uploans.com.auRose - rose@uploans.com.auDave - dave@uploans.com.auSteve - stevenson@uploans.com.au
Check funding calculator to see if there are multiple deals. If so, make sure we have approval on both deals:
-Select One-Single Approval onlyMultiple Deals all approvals are here

Check approval/s match most recent funding calculator.
If Approval doesn't match & is more than $500 variance mark your task as waiting on CSM for assistance - PAUSE HERE - once confirmed place comments in section below so that Broker is aware why it is different.

LOAN 1.

Interest rate - If any difference to the funding calculator, pause here and mark task as waiting on broker
(Note: please check Dropbox client folder "send to lender" for any pricing request approvals, as this may be the reason and not necessarily rate increase- advise Broker/CSM at the time):
As per funding calculatorLower than than funding calculator & I have flagged with brokerDifferent than funding calculator (put notes below i.e due to fixed loan split etc)NA

How was the interest rate confirmed?
Approval letter from the bankCalled and confirmed with the bank over the phone

Loan amount (If it is within $500 of the submitted amount, you are fine to proceed):

Fixed/Variable (If fixed, please also note if the client has confirmed a rate lock, and the expiry date of the rate lock):

Loan term (Must match on the approval letter and funding calculator, STOP here and wait on broker if not matched):

all confirmed correctVariation less than $300 ok to go aheadI have flagged with Broker on Monday the differing interest rate

LOAN 2.

Interest rate - If any difference to the funding calculator, pause here and mark task as waiting on Broker
(Note: please check Dropbox client folder "send to lender" for any pricing request approvals, as this may be the reason and not necessarily rate increase- advise Broker/CSM at the time):
As per funding calculatorLower than than funding calculator & I have flagged with brokerDifferent than funding calculator (put notes below i.e due to fixed loan split etc)NA

How was the interest rate confirmed?
Approval letter from the bankCalled and confirmed with the bank over the phone

Loan amount (If it is within $500 of the submitted amount, you are fine to proceed):

Fixed/Variable (If fixed, please also note if the client has confirmed a rate lock, and the expiry date of the rate lock):

Loan term (Must match on the approval letter and funding calculator, STOP here and wait on broker if not matched):

all confirmed correctVariation less than $300 ok to go aheadI have flagged with Broker on Monday the differing interest rate

LOAN 3.

Interest rate - If any difference to the funding calculator, pause here and mark task as waiting on Broker
(Note: please check Dropbox client folder "send to lender" for any pricing request approvals, as this may be the reason and not necessarily rate increase- advise Broker/CSM at the time):
NAAs per funding calculatorLower than than funding calculator & I have flagged with brokerDifferent than funding calculator (put notes below i.e due to fixed loan split etc)

How was the interest rate confirmed?
Approval letter from the bankCalled and confirmed with the bank over the phone

Loan amount (If it is within $500 of the submitted amount, you are fine to proceed):

Fixed/Variable (If fixed, please also note if the client has confirmed a rate lock, and the expiry date of the rate lock):

Loan term (Must match on the approval letter and funding calculator, STOP here and wait on broker if not matched):

all confirmed correctVariation less than $300 ok to go aheadI have flagged with Broker on Monday the differing interest rate

LOAN 4.

Interest rate - If any difference to the funding calculator, pause here and mark task as waiting on Broker
(Note: please check Dropbox client folder "send to lender" for any pricing request approvals, as this may be the reason and not necessarily rate increase- advise Broker/CSM at the time):
NAAs per funding calculatorLower than than funding calculatorDifferent than funding calculator (put notes below i.e due to fixed loan split etc)

How was the interest rate confirmed?
Approval letter from the bankCalled and confirmed with the bank over the phone

Loan amount (If it is within $500 of the submitted amount, you are fine to proceed):

Fixed/Variable (If fixed, please also note if the client has confirmed a rate lock, and the expiry date of the rate lock):

Loan term (Must match on the approval letter and funding calculator, STOP here and wait on broker if not matched):

all confirmed correctVariation less than $300 ok to go aheadI have flagged with Broker on Monday the differing interest rate

If application is an Equity Release for funds towards a pre-approval - pause here, check "cover sheet" in the "to keep" folder in client dropbox to check if it is an Equity Release or not. Check with the CSM if we are going ahead with the refi now or just treating as pre-approval:

N/A - this is not an Equity Release for an AIP.Yes, this is an Equity Release for an AIP - we are fine to go ahead with the equity release documents now.Yes, this is an Equity Release for an AIP - we are NOT going ahead with the refi now. Complete pre-approval check but leave in and make bold DO NOT SIGN ANY DOCUMENTS now portion of email.

Check for any settlement conditions:
ME BANK-call to check interest rate,loan amounts,special conditionsCBA - check decision email for settlement conditionsUBANK - call to confirm all details (rate, loan term, conditions)WESTPAC - check Brokerhub for conditions and confirm with BDM for any other conditionsALL OTHER LENDERS - check all pages of approval letter for any conditions

Copy any settlement conditions here & make note in the task in the settlements board pin to the top:

CHECK GAME PLAN FOR BELOW

What is Lead/Commission Split (search GP for commission split):
100% Broker80% broker 20% Carrieoffice lead80% broker 20% staff member

SUPER IMPORTANT TO CHECK FOR THE BELOW
***Refinance or ANZ First Home Buyer rebate?*** (search GP for rebate) **(Refi Rebate Currently only ME Bank over $700k)**
If so, add to TAMRA'S Monday refi rebate list to chase 1 month after approval (If this is an ANZ rebate, next follow up date should be in 1 week), select lender and status as 'not yet settled':
Yes, Added task to TAMRA'S Monday refi rebate list to chase 1 month after approval (If this is an ANZ rebate, next follow up should be in 1 weekNA - no refinance or FHB rebate

First home buyer Scheme? (check cover sheet if loan is over 80% and has no LMI payable and purchase price is less than $550,000 or $700,000 Hobart CBD then it is FHBG).
If yes and CBA move to the section 'Approved - Pending FHBG form approval' in Updates, and mark followup for next business day. Copy these words into update
Make sure to add the First Home Guarantee Scheme form as a settlement condition on this loan.
Yes - FHBG client, moved in updates and condition notedN/A, not a FHBG clientIf the client is with Commonwealth Bank, send #F email from the Templates section of the Updates board, and copy it into the comments in Updates.If not CBA - have confirmed with CSM FHBG has been unconditionally approved

If this is an Owner Occupied purchase (not land only) send #10 Connect now email template updates templates - schedule send for 2 days :
DoneNA - not an Owner Occupied purchase

CONSTRUCTION or VACANT LAND

Construction loan? Check Game Plan Email to see if this is a construction loan. If it is, add to a task to Eliza's Monday list 'Start construction checklist for XXX':
DoneNA - no building involved

If this is a vacant land approval check, add task to CSM's list - Send Build Documents request from File Invite for client XXX, no follow up in File Invite, follow up in prep in 4 months:
DoneNA
Is there a linked build pre-approval? If yes, duplicate the line item in #Updates to separate the land and build. Then complete the details for each individual application and move to relevant spot in updates:
DoneNA

*** approval call script: https://www.uploans.com.au/approvalcall/ ***

On Monday task board go onto the templates section & duplicate "approval call script", change to client name and add to CSM list to call next up.

Has client been informed:
We informed client via phone call, good to go and inform solicitorWe informed client via email, as we could not reach them via phone.Launceston based CSM to inform clients, task added to Monday - task board to callOther - see notes below:

Go into Calendly & book the client in for a 15 minute Settlement Call, 2 weeks from today https://www.uploans.com.au/brokercalendars/
Done

Application type:
This is a purchase application, go ahead nowThis is a refinance application, go ahead nowThis is a purchase AND refi application, go ahead nowThis is a top-up application, go ahead nowThis is a internal refinance application, go ahead nowThis is a construction without refinance application, go ahead nowThis is a separation refinance application

Schedule send “All Approved :)” email from Brokers Inbox, template email is located in Monday Task Board Updates, schedule for 10:00PM that night.
*** FOR CARRIE PLEASE ONLY DRAFT EMAIL AND LEAVE THE EMAIL IN DRAFTS, DO NOT SCHEDULE SEND***

Done

Copy above email in #Updates:
Done

Move file to section 5 Unconditional in dropbox:
Done

In Monday move task from #updates into "unconditionally Approved/Settlements board" section, change the CSM to who is handling settlement add change the status "waiting on loan documents to issue" make next follow up 2 business day.
Done

In Monday copy the Internal Settlement checklist (from templates in settlements board, "Purchase, Refinance, Purch/Refi or Top up & Interal Settlement Checklist) into the Monday task and complete ALL relevant steps, pin this to the top of the comment thread:
Done - I have completed the relevant steps of the checklist

CONTRACT OF SALE (for purchase) attached:
DoneNAFile was too large to attach, have emailed directly to team@uploans.com.au, broker and who is handling settlement

DISCHARGE AUTHORITY (for refinance) attached:
YesNADischarge not completed yet, Person handling settlement please ask client to complete

FOR SEPARATION APPLICATIONS:
N/A - this is not a separationYes, this is a separation, see lawyer's details below:Yes, this is a separation but we do not know the lawyer's details, please request from client.

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Contract of Sale (If too large to upload, email only to settlement team and change checkbox option above)

Discharge Authority

Funding Calculator 1

Approval 1

Funding Calculator 2

Approval 2

Funding Calculator 3

Approval 3

Funding Calculator 4

Approval 4