{"id":2643,"date":"2020-01-28T10:13:59","date_gmt":"2020-01-28T10:13:59","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=2643"},"modified":"2020-01-28T10:21:55","modified_gmt":"2020-01-28T10:21:55","slug":"fnscrd301-process-applications-for-credit-assessment-1-knowledge-get-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/fnscrd301-process-applications-for-credit-assessment-1-knowledge-get-answers\/","title":{"rendered":"FNSCRD301 Process Applications for Credit Assessment 1 \u2013 Knowledge (Get Answers)"},"content":{"rendered":"<blockquote><p>Looking for FNSCRD301 Process Applications for Credit Assessment 1 \u2013 Knowledge Answers? Get <a href=\"https:\/\/assignmenttask.com\/answers\/financial-management-assignment-questions-with-answers-for-finance-students\/\"><strong>Financial Management Assignment Help<\/strong><\/a>, <a href=\"https:\/\/assignmenttask.com\/mba-help\/\"><strong>MBA Assignment Writing Hel<\/strong><\/a>p &amp; <a href=\"https:\/\/assignmenttask.com\/case-study-help\/\"><strong>Case Study Help<\/strong><\/a> from PhD\/MBA Experts at cost-effective rates? Acquire HD Quality research work with 100% Plagiarism free content.<\/p><\/blockquote>\n<p style=\"text-align: center;\"><a href=\"https:\/\/assignmenttask.com\/order-now.php\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-2644 lazyload\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING.jpg\" alt=\"Certificate IV in FINANCE &amp; MORTGAGE BROKING\" width=\"946\" height=\"284\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING.jpg 946w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING-300x90.jpg 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING-768x231.jpg 768w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING-360x108.jpg 360w\" data-sizes=\"(max-width: 946px) 100vw, 946px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 946px; --smush-placeholder-aspect-ratio: 946\/284;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-2644\" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING.jpg\" alt=\"Certificate IV in FINANCE &amp; MORTGAGE BROKING\" width=\"946\" height=\"284\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING.jpg 946w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING-300x90.jpg 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING-768x231.jpg 768w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/01\/Certificate-IV-in-FINANCE-MORTGAGE-BROKING-360x108.jpg 360w\" sizes=\"(max-width: 946px) 100vw, 946px\" \/><\/noscript><\/a><\/p>\n<h2><strong>FNS40815 Certificate IV in FINANCE &amp; MORTGAGE BROKING<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<table style=\"height: 149px;\" width=\"798\">\n<tbody>\n<tr>\n<td width=\"338\"><\/td>\n<td width=\"338\">FNSCRD301 Process applications for credit<\/td>\n<\/tr>\n<tr>\n<td width=\"338\"><strong>Unit Description<\/strong><\/td>\n<td width=\"338\">This unit describes the skills and knowledge required to apply product knowledge and advisory skills to identify, confirm and process applications for credit prior to assessment in accordance with organisational and legislative requirements.<\/td>\n<\/tr>\n<tr>\n<td width=\"338\">Learning Outcomes<\/td>\n<td width=\"338\">By the end of this unit, students will be able to:<\/p>\n<ul>\n<li>Check and verify application details<\/li>\n<li>Submit assessment and decision<\/li>\n<li>Maintain application records and complete necessary documentation<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #008000;\"><strong>Activity 1<\/strong><\/span><\/p>\n<p>Refer to your Learner Guide and the guide \u2018Money Smart &#8211; Types of Credit\u2019, located in the Additional Resources folder and respond to the following:<\/p>\n<p>Your supervisor has asked you to provide information to clients about different credit products.<\/p>\n<p>Compete the table below to demonstrate to your supervisor your understanding of credit products and their application.<\/p>\n<p>(List the features of credit products and their application requirements)<\/p>\n<p class=\"Activityheading\"><span style=\"color: #ff0000;\"><strong><span lang=\"EN-AU\">Activity 1 Answer<\/span><\/strong><\/span><\/p>\n<table style=\"height: 151px;\" width=\"804\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"143\"><strong>Type of Credit<\/strong><\/td>\n<td width=\"196\"><strong>Explanation<\/strong><\/td>\n<td width=\"283\"><strong>Advice that you should provide to the client about the product<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Car loan<\/td>\n<td colspan=\"2\" width=\"216\"><\/td>\n<td width=\"283\"><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Personal loans<\/td>\n<td colspan=\"2\" width=\"216\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<td width=\"283\"><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Credit cards<\/td>\n<td colspan=\"2\" width=\"216\"><\/td>\n<td width=\"283\"><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Consolidation loan<\/td>\n<td colspan=\"2\" width=\"216\"><\/td>\n<td width=\"283\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong style=\"color: #008000;\"><span style=\"color: #666666;\"><br \/>\n<\/span><br \/>\nActivity 2<\/strong><\/p>\n<p>You have asked the following questions to check a client\u2019s level of understanding and knowledge regarding credit application processes:<\/p>\n<ul>\n<li>What types of credit are available in Australia?<\/li>\n<li>Do you know the costs associated with credit?<\/li>\n<li>Do you know what a debt collector is?<\/li>\n<\/ul>\n<p>Now complete the table below by describing how you can assist the special needs and requirements of a client according to the level of knowledge and understanding they have demonstrated when answering the above questions.<\/p>\n<p>(Identify ways of obtaining and checking relevant information from applicants)<\/p>\n<p class=\"Activityheading\"><span style=\"color: #ff0000;\"><strong><span lang=\"EN-AU\">Activity 2 Answer<\/span><\/strong><\/span><\/p>\n<table style=\"height: 115px;\" width=\"797\">\n<tbody>\n<tr>\n<td width=\"253\"><strong>Level of Understanding<\/strong><\/td>\n<td width=\"363\"><strong>Description of action or assistance that should be provided<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"253\">Level 1: No or a limited understanding<\/td>\n<td width=\"363\"><\/td>\n<\/tr>\n<tr>\n<td width=\"253\">Level 2: Some level of understanding<\/td>\n<td width=\"363\"><\/td>\n<\/tr>\n<tr>\n<td width=\"253\">Level 3: A higher level of understanding<\/td>\n<td width=\"363\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #008000;\"><strong>Activity 3<\/strong><\/span><\/p>\n<p>Explain the key features of a financial services provider\u2019s credit assessment policy based on the principles of responsible lending.<\/p>\n<p>(Explain key features of organisational policy and procedures that relate to credit assessments, security and customer service)<\/p>\n<p class=\"Activityheading\"><span style=\"color: #ff0000;\"><strong><span lang=\"EN-AU\">Activity 3 Answer<\/span><\/strong><\/span><\/p>\n<table style=\"height: 26px;\" width=\"783\">\n<tbody>\n<tr>\n<td width=\"657\">&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #008000;\"><strong>Activity 4<\/strong><\/span><\/p>\n<p>The purpose of the National Credit Code is to provide protection for consumers who enter into credit contracts for personal purposes. How does the legislation identify whether a loan is for personal purposes, as opposed to business purposes?<\/p>\n<p>(Explain the key purpose of relevant credit legislation, statutory requirements and codes of practice, covering: consumer credit; personal property securities; privacy)<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 4 Answer<\/strong><\/span><\/p>\n<table style=\"height: 121px;\" width=\"580\">\n<tbody>\n<tr>\n<td width=\"657\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #008000;\"><strong>Activity 5<\/strong><\/span><\/p>\n<p>When taking out a business loan a lender will often want to secure the loan in the form of an asset. This security is intended to minimise risk exposure in the event the applicant is unable to repay the loan.<\/p>\n<p>Describe the main types of \u2018security\u2019 that may be required to obtain a small business loan.<\/p>\n<p>(Explain types of security)<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 5 Answer<\/strong><\/span><\/p>\n<table style=\"height: 119px;\" width=\"614\">\n<tbody>\n<tr>\n<td width=\"657\"><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>Reference ID: <span style=\"text-decoration: underline; color: #ff0000;\">#getanswers2001021<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking for FNSCRD301 Process Applications for Credit Assessment 1 \u2013 Knowledge Answers? Get Financial Management Assignment Help, MBA Assignment Writing Help &amp; Case Study Help from PhD\/MBA Experts at cost-effective rates? Acquire HD Quality research work with 100% Plagiarism free content. FNS40815 Certificate IV in FINANCE &amp; MORTGAGE BROKING &nbsp; FNSCRD301 Process applications for credit Unit Description This unit describes the skills and knowledge required to apply product knowledge and advisory skills to identify, confirm and process applications for credit prior to assessment in accordance with organisational and legislative requirements. Learning Outcomes By the end of this unit, students will <a href=\"https:\/\/assignmenttask.com\/answers\/fnscrd301-process-applications-for-credit-assessment-1-knowledge-get-answers\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[126],"tags":[559,2764,2765,2766,2762,2763],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2643"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=2643"}],"version-history":[{"count":5,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2643\/revisions"}],"predecessor-version":[{"id":2649,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2643\/revisions\/2649"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=2643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=2643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=2643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}