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Module 6 Residential Property Lending

L5M6
Price:
$1,016.00 +GST Non-member
$921.00 +GST Learning Partner
$826.00 +GST IBANZ Member

Content 

This module provides the knowledge and skills required to understand residential property lending concepts and the legislative and regulatory environment in which a mortgage adviser operates.  You will learn the relationship between residential property lending products and individual needs, and the ability to provide fit for purpose solutions for borrowing. 

Details of the unit standards included in this module are shown below. (NZQA 20 Credits)

Assessment 

A study guide is provided for each unit standard along with an assessment document.

Assessment is by way of 4 written assessment documents which can be downloaded from your dashboard. 

Work can be completed either as a word document, or similar, or written. On completion work can be uploaded on your student dashboard for the tutor to assess.

Approximate time frames for this module is 3.2 months.


Learning Units Included

Organisational and Regulatory requirements for Residential Property Lending

28383

This unit standard is one of 4 that make up the Mortgage Advisor  module. In this unit you will gain an understanding of: 

  • The legislative and regulatory framework applicable to residential property lending services
  • Key lending concepts and their relevance to typical residential property lending situations
  • Typical organisational policies and frameworks.
     
Objectives
  • To apply the elements of duty of care, contract and negligence in your daily role as a mortgage adviser
  • To learn and apply the key concepts of the residential property advice process in a new or existing loan context
  • To understand the legislative and regulatory framework used in your daily provision of residential property lending services
  • To learn and understand typical organisational policies, procedures and guidelines for both new and existing loan applications


Lending Products and Borrowing Needs

28384

This unit standard is one of 4 that make up the Mortgage Advisor  module. In this unit you will gain an understanding of: 

  • Residential property lending products
  • Borrowing needs  of clients in new and existing loan contexts 
Objectives
  • To learn and understand the different residential property lending products suitability to borrowers needs
  • To learn and understand the terms and conditions of KiwiSaver in relation to residential property lending
  • To learn the features, benefits, risks and limitations of common residential property lending products


NZ Residential Property and Lending Market

28385

This unit standard is one of 4 that make up the Mortgage Advisor module. In this unit you will gain an understanding of: 

  • The effect of economic, political, demographic, and geographic factors on the market for residential property
  • Key residential property concepts that impact property values and availability of lending 
  • Who the participants in the residential property market are
Objectives
  • To learn and understand the key residential property concepts that impact on borrowers ability to borrow
  • To learn and understand the key residential property concepts that impact on property values and your organisations ability to lend
  • To learn and understand the effects of economic, political, demographic and geographic factors on capital value
  • To learn and understand the roles and responsibilities of key participants in the property market


Loan Application

28386

This unit standard is one of 4 that make up the Mortgage Advisor module. In this unit you will gain an understanding of: 

  • Developing solutions for residential property lending clients
  • The application process for residential property loan applications 
Objectives
  • To understand the residential property loan application process and to develop compliant loan applications
  • To analyse client financial situation and match lending and product services to meet their borrowing needs
  • To learn and understand financial ratios used to evaluate financial impact on borrowing for a residnetial property purchase needs
  • To understand any tax and legal structures and implications of the residential property borrower


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