Manual Assessment

Application:

Documents

Tech Solutions Inc

ABN: 00 000 000 000

Employee: Michael Chen
Role: Software Developer

Pay Date: 2024-01-01 to 2024-01-15
Pay Period: Bi-weekly

Current Pay Period:

Description	Rate	Unit	Amount
Salary	$26.04	160.00	$4166.67
Gross Pay			$4166.67
Income Tax			($416.67)
Net Pay			$3333.33
Retirement Contribution			$416.67

YTD Gross: $4166.67 | YTD Net: $3333.33

Bank Statement Summary

Total Income: $6666.66
Avg Monthly: $6666.66

Total Expenses: $3350.00
Net Cash Flow: $3316.66

Recent Transactions

Date	Description	Type	Amount
2024-01-15	Salary - Tech Solutions Inc	credit	$3333.33
2024-01-01	Salary - Tech Solutions Inc	credit	$3333.33
2024-01-05	Rent Payment	debit	$2000.00
2024-01-08	Car Loan	debit	$600.00
2024-01-10	Utilities	debit	$250.00
2024-01-12	Groceries	debit	$500.00

Credit Report

720

Good

Total Accounts	8 (5 open)
On-Time Payments	90
Late Payments	3
Missed Payments	0
Total Debt	$35000.00
Credit Utilization	28.0%
Bankruptcies	0
Collections	0
Hard Inquiries (6mo)	2

Loan Application

Applicant Information

Name	Michael Chen
Date of Birth	1982-11-15
Email	michael.chen@email.com
Address	789 Pine Street, Austin, TX 78701

Employment Details

Employer	Tech Solutions Inc
Job Title	Software Developer
Status	Full-time
Start Date	2021-06-15

Financial Information

Declared Annual Income	$120000.00
Declared Monthly Expenses	$4000.00

Loan Request

Loan Amount	$350000.00
Purpose	Home Purchase
Term	360 months

Assessment Criteria

1 Does the applicant name in the application match the employee name shown in the payslip?

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2 Does the job title in the payslip match the position stated in the application?

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3 Does the employer name on the payslip match the employer stated in the application?

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4 Is the declared annual income consistent with the payslip income (within 10% variance)?

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5 Do the bank deposits match the expected income from the payslip?

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6 Is the income source regular and consistent (no irregular large deposits)?

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7 Are the declared monthly expenses consistent with actual bank transaction expenses?

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8 Is the debt-to-income ratio acceptable (below 43%)?

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9 Are there any undisclosed recurring debt payments in the bank transactions?

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10 Is the credit score acceptable (670 or above)?

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11 Is the credit utilization ratio acceptable (below 30%)?

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12 Is the payment history satisfactory (no missed payments)?

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13 Are there any bankruptcies or foreclosures on record?

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14 Are there any accounts in collections?

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15 Is the loan amount reasonable relative to the applicant's income?

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16 Can the applicant afford the monthly loan payments based on their disposable income?

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17 Based on your overall assessment, would you recommend approving this loan?

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0/17 answered

Your Decision

Decision

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