Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFMB501 Mapping and Delivery Guide
Settle applications and loan arrangements in the finance and mortgage broking industry
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSFMB501 - Settle applications and loan arrangements in the finance and mortgage broking industry |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to settle applications and loan arrangements for debt finance and undertake final arrangements to secure and complete the lending transaction for a client applying for a mortgage or related finance.It applies to individuals who use organisational skills to accurately complete and coordinate tasks within agreed timelines and industry or organisational conditions.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the finance and mortgage broking field of work and include access to: office equipment, technology, software and consumables lending product information relevant specialist software system and data. Assessors must satisfy NVR/AQTF assessor requirements. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Prepare for settlement |
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Element: Register securities |
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Element: Arrange for disbursement of funds |
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