Assess Complex Loans is designed to help individuals who work in financial services identify the capacity of a client to meet the terms and conditions of suitable loan products and services available by:
Assessing clients with complex financial needs
Considering complex financial structures and legislative requirements
Loans can be considered complex for one or more of the following reasons:
The borrower type – Self-employed, partnership, trust, or company
The loan type – High LVR, loan splits
Security offered as collateral – Personal or company guarantees, second mortgage, registered charges, property type and location, cross-collateralisation.
Topic 1: Overview of the lending process
Topic 2: Managing customers with complex borrowing needs
Topic 3: Assessing complex loan applications
Evaluate possible risks and determine overall level of risk associated with a complex loan application
Document a loan risk assessment in accordance with organisational procedures
Complete credit account administration according to organisational credit policy and timelines, and legislative requirements.
Outline aspects of a borrower’s situation that can make their loan application process complex
Explain the various ways borrowers and lenders can negotiate on types of security to be taken for complex loan structures.
Evaluate factors that contribute to forming product and service recommendations for clients
Identify disclosure documents relevant to marketing and offering credit products and services
Implement credit product and service recommendations for clients and discuss ancillary products and services available.
What you will learn
Who is this course for?
Credit assessment teams
Units of Competency
FNSBNK512 Assess complex loans
Recognition of Prior Learning
On successful completion, you will be awarded a Statement of Attainment confirming that you have successfully completed the following unit of competency.