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FNS40815 FNS40811 : Completion for Certificate 4 in Finance and Mortgage Broking | Finance Case Study Assignment Help
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Internal Code: 1HIFC
Demonstrate that you have the Skills and Knowledge Required to Conduct a Client Relationship and Comply with Statutory, Industry and Organization Compliance Requirements.
Mortgage brokers, David Maister, Stephen Covey’s, Roslyn,Ross and Melissa Cooper
Task 1: Identify and Interpret Compliance Requirements
Task 2: Deliver and Monitor a Service to Customers
Task 3: Contribute to OHS Hazard Identification & Risk Assessment
Task 4: Manage Personal Work Priorities and Professional Development
Task 5: Develop and Nurture Relationships with Clients, Other Professionals and Third Party Referrers
Task 6: Promoting the Effective Use of Credit
Task 7: Prepare a loan application on behalf of mortgage broking clients
Task 8: Steps Taken by the Credit Provider
Case Study — Evaluating and processing a loan application
Read the following case study then answer the questions that follow. Ross and Melissa Cooper are a young couple who have been married for five years, during which they have been renting an apartment while saving to buy an apartment of their own. They do not have any children at this stage. After some months searching, they have found a small two-bedroom apartment that suits their needs. The purchase cost of the property is $480,000, and they have provided a deposit of $60,000. You are recommending a standard variable loan. Ross has been working at Gaines Consulting Pty Ltd. for 12 years and has a salary of $80,000. Melissa has been working at Jackson Equipment Hire Pty Ltd for 8 years and has a salary of $70,000. Neither has had previous employment, apart from casual work when they were younger. The full details of Ross and Melissa that you have collected are as follows:
Task 8: Steps Taken by the Credit Provider