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Learning Goal: I’m working on a real estate writing question and need an explana

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Question 1 What is the process for a mortgage broker to seek clarification about a product or policy, run a particular scenario with a lender or answer a client’s advice request? Question 2 What is the main role of a mortgage broker? (Identify the primary role of a mortgage broker, his Responsible Lending Obligations and Best Interest Duties Obligations). Question 3 Outline the procedures and principles of deposit bonds. Question 4 According to Asic, list four situations which could define ‘vulnerability’ in a person that might affect the finance and mortgage broking services. Question 5 Explain the key features of Lender’s Mortgage Insurance.

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