CMK Financial Solutions

We primarily provide credit assistance in relation to:

• Home loans
• Residential investment loans
• Commercial loans
• Equipment finance
• Credit cards (only as part of Lender
professional Packages)
• Deposit bonds
• Vehicle finance

We assess credit applications using the procedures recommended by the Mortgage and Finance Association of Australia. In particular, we:

Compile the information required to complete a typical lender’s application form by using our client information booklet

Ask such additional questions as are appropriate having regard to the circumstances of the case

Ask appropriate questions to ensure that we have correctly identified the consumer’s requirements and objectives and financial situation

Take reasonable steps to verify that financial situation

Make preliminary assessments using serviceability information provided by reputable lenders.

The information we use to verify a consumer’s income differs depending on the circumstances of the case, but usually will involve obtaining one or more of PAYG payslips, bank account statements, income tax returns or assessments, and loan statements. In making an assessment we obtain details of income and outgoings and assets and liabilities. Usually, we do not do an employment or credit check because those checks are invariably conducted by the lender.