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Residential Property Lending - Full Programme

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Price:
$2,235.00 +GST Non-member
$2,043.00 +GST Learning Partner
$1,870.00 +GST IBANZ Member

This enrolment leads to the Residential Property Lending Strand of of the New Zealand Certificate in Financial Services Level 5.

It is relevant to for Mortgage Brokers.

The enrolment includes the Core Knowledge module +  Residential Property Lending Advice module.  For those working it is expected to take 12-18 months part time. 

This option includes the following Modules

Core Knowledge

Content 

This module provides an understanding of the level of professionalism required in the financial services industry. You will gain an understanding of the wider financial services environment and research fit for purpose financial or insurance solutions.

 Details of the unit standards included in this module are shown below. (NZQA 40 Credits)

In order to gain the certificate in Financial Services Level 5 this module is a core compulsory component, ie it must be completed in conjunction with another module to complete the full qualification strand

Your choice of strand will depend on your circumstances - you can see a full summary here. 

Assessment 

2 study guides are provided for these four unit standards, and the assessment is predominantly evidence based.

This means actual workplace examples of clients are used to demonstrate that you can put into practice the learning contained within the study guide.

Documents can be uploaded using the student dashboard function, scanned and email to your tutor, or posted to our offices. note that client names should be removed.

Approximate time frames for this module is 6.5 months.


Residential Property Lending Module

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

Financial Services Best Practice and Professionalism

28363

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

  • Best practice and professionalism in respect of client care, ethical behaviour, and process
  • Common estate planning and taxation concepts 
  • The financial advice Six Step Process and its applicability in achieving appropriate solutions for clients 
Objectives
  • Demonstrate knowledge of and, where appropriate, comply with best practice and professionalism in respect of client care, ethical behaviour, and advice process.
  • Demonstrate understanding of the financial advice Six Step Process and its applicability in achieving appropriate solutions for clients.
  • Demonstrate understanding of common estate planning tools and taxation measures.


Regulatory Environment

28364

 This unit is one of 4 unit standards that make up the Core Knowledge module. In the unit you will gain an understanding of:

  • Regulatory environment and the impact on your daily work
  • The impact of legislation  on your daily work 
  • The categories of clients and applicable types of financial services 
  • The role and responsibilities in a complaint or dispute process
Objectives
  • Demonstrate understanding of the roles and responsibilities of participants in complaints and disputes handling processes.
  • Demonstrate understanding of different categories of clients and types of financial services.
  • Demonstrate understanding of the background to the regulatory environment, and identify the applicability and impact of legislation that is relevant in a broad financial services context.


Research and Analysis Processes

28365

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

  • Research and analysis processes used in assessing, reviewing, or comparing a product, service, or solution, 
  • Conduct appropriate research to develop financial solutions. 
Objectives
  • To understand the processes involved in researching and analyzing financial products or services when reviewing or comparing financial products or services to find a fit for purpose solution.
  • To conduct research and analysis, to develop fit for purpose financial solutions, and to provide a supporting rationale for the identified solution.


The Economic Environment and Financial Markets

28366

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

  • The role of financial markets and their participants,
  • The common products by which financial markets are accessed
  • The nature and factors that impact  the economic environment and the participants 
Objectives
  • To understand financial markets and systems
  • To understand and explain the factors that impact participants in the financial markets and systems
  • To recognise and understand common types of financial services and products used by consumers
  • To understand financial market participants


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 Residual Property Lending  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 effects of economic, political, demographic and geographic factors on capital value
  • 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 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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