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'We can work our way through it': Naylor

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Australian Broker | 23 Nov 2011, 06:00 AM Agree 0
MFAA CEO Phil Naylor has said he expects to find common ground with ASIC in regard to the income verification hurdles brokers need to meet when assessing clients for low-doc loans
  • Lynne Cox | 23 Nov 2011, 11:32 AM Agree 0
    So if a client's Accountant is willing to risk his licence to falsify income information what right has a lowly Broker got to question the Accountant. Surely in the end it is up to the Lender to question the Accountant - they are the ones who actually ASSESS the application and decide whether to fund it or not.
    Brokers just collect the information according to the lenders requirements.
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