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FNS40815_ FNSFMB401 Certificate IV in FINANCE & MORTGAGE BROKING
| FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients | |
| Unit Description | This unit describes the skills and knowledge required to prepare a client loan application to a relevant lender, and present and process the loan using appropriate channels. Assistance with loan settlement may also apply. |
| Learning Outcomes | By the end of this unit, students will be able to:
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Assessment information
You work as a mortgage broker for ZYX Financial Services Pvt Ltd (ZYX). XYZ represents a number of Australian home loan lenders.
New clients, Sam and Michelle have come to you for advice about obtaining a home loan.
Instructions to complete this assessment
In order to complete this assessment, you are required to complete the following sections consecutively. Details and specific instructions are provided within each section and on the form/templates provided.
Section 1 – Review Client Information Requirements
Download and review the Home Loan Inquiry Case Study, located in the Assessment Resources folder.
Section 2 – Assess Client Home Loan
Now complete each of the following steps:
1. Assess whether a home loan application by Sam and Michelle, based on typical current lender requirements, is likely to be successful. Provide detailed explanations in support of your answer.
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2. How will you communicate the results of your assessment with your clients?
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3. Advise your clients on how to proceed following the lender’s likely decision of a non-offer.
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Reference ID: #getanswers2001030