Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Records are key, ASIC warns low-doc brokers

Notify me of new replies via email
Australian Broker | 18 Nov 2011, 06:00 AM Agree 0
ASIC's Greg Kirk has diagnosed a more 'acute' case of responsible lending compliance transgressions among low-doc brokers, and urged all brokers to document all interactions with borrowers
  • Mortgage Hank | 18 Nov 2011, 02:31 PM Agree 0
    I find it hard to beleive that when another professional body like an Accountant concurs servicing of a facility, we need to have completed a thorough analysis.....some trust must work within the industry and with other industry we do work with. Dont the consumer have a obligation in providing this information that a mortgage broker taks it on face value as the consumer has a legal position to tkae. Seems we have been umped again to take all the responsibility of others!!!
Post a reply