In Loanapp, there are three Status options for Employment.
- Primary
- Secondary
- Previous
Regardless whether your Applicant is PAYG, Self Employed or Not Employed, you will still need to advise the Status of the employment.
Primary - for most income earners who are full time. This indicates that the majority of their working income comes from this employment.
Secondary - For those who have a second job or similar. This is mainly used for those individuals who have part-time, casual, temporary or seasonal positions, in addition to their Primary position.
Previous Employment is entered to capture a history of employment. Most Lenders require 3 years employment history. You can add multiple entries for Previous Employment, to show all jobs held over the last 3 years.
Below image shows how you add Employment.
Below image shows how multiple entries have been added to cover all employment positions held by this applicant over the last 3 years.