This module focuses on how to analyse a customer’s income within the context of mortgage broking. It introduces different employment types; however, the primary focus of the analysis will be on PAYG clients. The module also covers the fundamentals of selecting the appropriate payslips for income assessment and provides guidance on understanding key payslip components, including but not limited to novated lease, salary sacrifice, salary packaging, overtime, and bonuses. In addition, it includes training on generating a funding position and conducting product comparisons.
At the end of this module, Virtual Assistants (VAs) will be able to confidently analyse PAYG income, identify the correct payslips for assessment, interpret key income components, and accurately generate funding positions and product comparisons to effectively support brokers.
- Teacher: Blanche Hermoso