Data Management - Specific Questions Flashcards
Tell me about securely store data in line with client confidentiality requirements
- Password protected
- Internal server
Tell me about what constitutes personal data
- Any information related to a natural person or ‘Data Subject’, that can be used to directly or indirectly identify the person.
- It can be anything from a name, a photo, an email address, bank details, posts on social networking websites, medical information, or a computer IP address
Tell me about UK General Data Protection Regulations
- Data Protection Act 2018
- controls how your personal information is used by businesses or government
Tell me about Data Protection Act 2018 protection principles
PRINCIPLES
- requires that everyone using personal data must follow strict data protection principles.
FERALS
They must make sure the information is:
o FAIRLY - used fairly and transparently
o EXPLICIT - used for explicit purposes
o RELEVANT - used in a way that is relevant and limited to only what is necessary
o ACCURATE - accurate and up to date
o LONGER - kept for no longer than needed
o SECURITY - ensure appropriate security
Tell me about Nationwide’s data privacy policy including how data is stored and for how long.
- Personal data collected for explicit purposes
- keeps documentation for a minimum of 6 years, in line with the statute of limitations (Limitations Act 1980).
- information is stored electronically.
Tell me about Freedom of Information Act 2000.
- The Act provides individuals or organisations with the right to request information held by a public authority.
Edward Road, what is Xit2?
- Database used for TMW instructions
- Xit2 is an online property data network that allows instructing clients about the mortgage industry and send information, such as valuation, repossession or conveyancing instructions to and from their suppliers safely and securely
Edward Road How did you utilise Xit2?
- Confirming instruction
- CoF checks
- Access arrangements
- Tenure
- Purchase price
- Previous reports
Edward Road What information did Xit2 hold?
- CoF checks
- Access arrangements
- Tenure
- Purchase price
- Previous reports
Edward Road How did you use the FormsFly app to record your site notes?
- Ipad
Edward Road Talk me through your use of the BCIS database.
- Accessed online BCIS database
- Put in property details to calculate reinstatement costs
Edward Road Limitations of BCIS database.
- Listed and historic properties
Edward Road How did you use Rightmove SCT to complete your capital and rental valuations?
- To source comps
- To verify comps
- To provide a rationale
- To keep a record
Zurich House, talk me through how you prepared the new build site appraisal.
- Inputted data utilising the ipad
- Data included no. units, tenure, developer, incentives etc
Zurich House, How did this set the limit for Nationwide’s exposure on the site?
- Provided a rationale included where the site sat within Nationwide’s risk appetite
- RAG rating
- Considered site specific issues
- Considered wider economic conditions
