{"id":2652,"date":"2020-01-28T11:03:15","date_gmt":"2020-01-28T11:03:15","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=2652"},"modified":"2020-01-28T11:03:15","modified_gmt":"2020-01-28T11:03:15","slug":"fnscrd301-process-applications-for-credit-assessment-3-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/fnscrd301-process-applications-for-credit-assessment-3-answers\/","title":{"rendered":"FNSCRD301 Process Applications for Credit Assessment 3 Answers"},"content":{"rendered":"<blockquote><p>Looking FNSCRD301 Process Applications for credit Assessment 3 Answers? Grab the opportunity to find <a href=\"https:\/\/assignmenttask.com\/free-samples\/\"><strong>free assignment sample<\/strong><\/a> related to all subjects in your Academic. Assignmenttask.com is proud to offer <a href=\"https:\/\/assignmenttask.com\/assignment-help.html\"><strong>online assignment help<\/strong><\/a> to the students of Australia, UK and USA.<\/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>F<\/strong><strong>NS40815<\/strong> <strong>C<\/strong><strong>e<\/strong><strong>r<\/strong><strong>t<\/strong><strong>i<\/strong><strong>ficate<\/strong><strong> IV in FINANCE &amp; MORTGAGE BROKING<\/strong><\/h2>\n<table>\n<tbody>\n<tr>\n<td width=\"338\">&nbsp;<\/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><span style=\"color: #808000;\"><strong>Activity 1<\/strong><\/span><\/p>\n<p>When assessing credit applications, credit officers need to be mindful of customer special needs. Identify and describe some special needs that need to be considered.<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 1 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 2<\/strong><\/span><\/p>\n<p>Legislation requires financial service providers not to enter into a credit contract that is unsuitable. What does the term \u2018not unsuitable\u2019 mean in this context?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 2 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 3<\/strong><\/span><\/p>\n<p>How would a credit officer verify personal information provided by a credit applicant?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 3 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 4<\/strong><\/span><\/p>\n<p>When assessing a credit application, lenders often refer to the 5 C\u2019s of credit. What does the term Capacity mean in this context?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 4 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 5\u00a0<\/strong><\/span><\/p>\n<p>If you have recently had a loan application declined, what things could you do to improve the next loan application?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 5 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 6<\/strong><\/span><\/p>\n<p>Why is it important for a lender to consider the implications of using emails to communicate with borrowers?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 6 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 7<\/strong><\/span><\/p>\n<p>What is the purpose of an organisational risk policy?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 7 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 8<\/strong><\/span><\/p>\n<p>Who should be allowed to access a financial service provider\u2019s customer file?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 8 Answer<\/strong><\/span><\/p>\n<table>\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: #808000;\"><strong>Activity 9<\/strong><\/span><\/p>\n<p>Account monitoring is an important part of managing credit customers. What are some key reasons for the continuous monitoring of customer accounts?<\/p>\n<p><span style=\"color: #ff0000;\"><strong>Activity 9 Answer<\/strong><\/span><\/p>\n<table>\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>&nbsp;<\/p>\n<p><strong>Reference ID: <span style=\"text-decoration: underline; color: #ff0000;\">#getanswers2001023<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking FNSCRD301 Process Applications for credit Assessment 3 Answers? Grab the opportunity to find free assignment sample related to all subjects in your Academic. Assignmenttask.com is proud to offer online assignment help to the students of Australia, UK and USA. 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 be <a href=\"https:\/\/assignmenttask.com\/answers\/fnscrd301-process-applications-for-credit-assessment-3-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":[464,2764,2765,2770,2769,2771,2775,2773,2772,2774],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2652"}],"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=2652"}],"version-history":[{"count":1,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2652\/revisions"}],"predecessor-version":[{"id":2653,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2652\/revisions\/2653"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=2652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=2652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=2652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}