Pre-approved Client

BEFORE YOU BEGIN YOUR APPROVAL CHECK - Make sure you are using the most up-to-date funding calculator from the client's drop box. If there are multiple calculators, you need to use the one with the HIGHEST number (i.e. if you have FC #1 through to FC #4, you would use #4). If you cannot find an up to date calculator that matches the figures on the approval, make sure you have checked in myCRM and checked email communication with the client before checking in with a senior team member.

Team member checking this pre-approval (if you have been working here for less than a year, please have a senior team member check over this before you submit):

Which Broker:
-Select which broker-Kirsty - kirsty@uploans.com.auCarrie - ct@uploans.com.auKeisha - keisha@uploans.com.auCarly - carly@uploans.com.auSamantha - samantha@uploans.com.au

Who is the CSM?:
-Select one-Samantha - samantha@uploans.com.auLucy - lucy@uploans.com.auCarly - carly@uploans.com.auKeisha@uploans.com.auRose - rose@uploans.com.auDave - dave@uploans.com.auEliza - eliza@uploans.com.auUndecided - please assign when client returns based on workload
Client names:

Email address for primary contact: (find this from myCRM):

Save the approval letter in the 'To Keep' folder in the client's dropbox:
Done
Check if there are multiple deals for this client. You can do this either by looking in Updates to see if there are multiple application numbers, or looking in dropbox to see if there are multiple funding calculators.
No, there are not multiple applications.Yes, there are multiple applications.
Is this a preapproval and refinance application? If so, mark the task as waiting on the broker with the comment "Is the refinance going ahead now?" - Pause here until you have the reply (Note - only do this if the category is '3 AIP 1st'. For a repeat pre-approval we will only do the AIP check.):
YES - complete this checklist and also do the formal approval checklist for the refinanceYES - but we are advised to just do preapproval for nowNA - this is a preapproval only
Original submission loan amount/s:

Loan amount:
Approved exactly as per submissionApproved as per submission, $300 variance allowed for loan amountApproval amount is lower due to LMI - has been checked with the bankApproved with changes, details below & client communication
Amended loan submission amount/s and communication with client:

Check for any special conditions - if there are, PAUSE HERE and mark your task as waiting on broker. Copy the conditions straight from approval letter into the Monday task and into the box below.
Check for any credit cards to be closed etc (Westpac - read credit comments, if there are any comments add as conditions) (ME Bank you need to call for special conditions):

Conditions that will be sent to the client, and have been checked by either a senior staff member or a broker (reword to remove any jargon or anything unnecessary like contract of sale):

Interest rate (you can check this on the game plan if it is not on the funding calculator):
As per funding calculatorLower than funding calculatorHigher than funding calculator due to rate rises.Higher than funding calculator, not due to rate rises - use the template 'ISSUE with Approval' from the team task board in MondayNo interest rate listed on approval letter
Reason for any changes to the interest rate:

Fees - only check if this is for a non-conforming lender:
N/A - not a nonconforming lenderAs per funding calculatorLower than funding calculatorHigher than funding calculator - use the template 'ISSUE with Approval' from the team task board in MondayNo fees listed on approval letter
Pre-approval expiry date (If this is not on the pre-approval letter, look up the lender's pre-approval policy in lender logins to calculate the expiry date using the date of issue on the letter):

Is this application related to a separation or is the client buying a property yet to be constructed? Check the coversheet notes to find out - if not, skip the next two questions:
Yes - separationYes - property to be constructedNeither apply
If the client is separating, email the client from team@ and advise we have an approval subject to their separation agreement which is valid until XXX, and diarise next followup in Monday 3 weeks prior to the date of the approval's expiry. Move the client to 'Separation Clients' section in Monday.
Done, moved to correct section in MondayN/A
If the client is buying a property yet to be constructed, email the client from team@ and advise we have an approval subject to the valuation when the property has been built which is valid until XXX, and diarise next followup in Monday for 2 months away. Paste the email in Updates.
DoneN/A
Select one option below:
This is a first time pre-approvalThis is a repeat pre-approvalThis is a conditional approval for a separation or off the plan purchase
First time pre-approvals only - add to our Pre-Approved buyers lists at: www.uploans.com.au/lists (copy and paste that into your browser)
MAKE SURE to add to the correct broker's list, and if there are multiple applicants please add both (get the correct details from myCRM):
Not added to mailchimp as not first time pre-approvedAdded to mail chimpNot added to mailchimp as this is a construction AIP/separation AIP
Send #8 email to client from team@ (MAKE SURE YOU CC IN TEAM@UPLOANS.COM.AU) and copy text here (there is a special one for construction, separations, and off the plan purchases please ensure you are using the correct one):

ALSO copy #8 email text into Monday #updates:
Done
Is there a linked land 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
Moved client to relevant green AIP section in Monday #updates - mark status AIP Approved:
DoneN/A- Separation, moved to 'Separations section' in #updates and marked 'waiting on court documents'
Application expiration date added in #updates:
Done
Copy the 'AIP Checklist' from the templates section in #Updates into the client's notes, pin it to the top and set next followup for two weeks before the AIP is due to expire:
Done
Moved client to pre-approved section of dropbox (folder 4):
DoneNot moved as this is a separation
Funding Calculator 1

Approval 1

Funding Calculator 2

Approval 2

Funding Calculator 3

Approval 3

Funding Calculator 4

Approval 4