Settle applications and loan arrangements in the finance and mortgage broking industry

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSFMB501, 'Settle applications and loan arrangements in the finance and mortgage broking industry'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Settle applications and loan arrangements in the finance and mortgage broking industry' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Prepare for settlement

1.1 Confirm all pre-settlement conditions of finance approval with clients

1.2 Communicate with various parties involved in settlement process and confirm that documentation and other settlement issues are in order

1.3 Check documents to ensure they are correctly executed, signed, witnessed and dated before sending to approving personnel

2. Register securities

2.1 Check loan contract for conditions relating to taking of security

2.2 Instruct party acting for lender to liaise with all parties to settlement and attend settlement

2.3 Register and stamp securities in accordance with lender’s procedures and relevant legislation, and confirm all security actions taken

3. Arrange for disbursement of funds

3.1 Arrange drawdown of funds by client, or solicitor acting for client

3.2 Disburse funds in accordance with requirements of loan approval and instructions received from client

3.3 Activate relevant client correspondence to advise client of disbursement of funds, date of settlement, manner of disbursement and other relevant details


Qualifications and Skillsets

FNSFMB501 appears in the following qualifications:

  • FNS40810 - Certificate IV in Finance and Mortgage Broking
  • FNS50310 - Diploma of Finance and Mortgage Broking Management
  • FNS40811 - Certificate IV in Finance and Mortgage Broking
  • FNS50311 - Diploma of Finance and Mortgage Broking Management
  • FNS50315 - Diploma of Finance and Mortgage Broking Management
  • FNS40815 - Certificate IV in Finance and Mortgage Broking