Assignment on Finance and Mortgage Broking

ASSIGNMEN
T 1
© 2017 The National Finance
Institute
V.01051
7
To be completed by the
Trainee
You must include this page with your Assignment 1
submission
Alternatively you can retype the details as a front page to your
Assignment
Trainee name
Trainee Postal Address
Trainee Daytime Phone numbers
Trainee Email address
I state that this Assignment contains no material which has been written by another person.
I make this statement with the understanding that my assessment may be compromised if
found to be otherwise. Signed Date
Submissions can be mailed to NFI, P.O. Box 1354, Capalaba B.C. Qld 4157 OR
Email to [e-mail] (if emailing you must adhere to the emailing
size rules)
OFFICE USE ONLY BELOW
HERE
Date received by NFI Date received by Assessor
Name of Assessor
Date assessed
Competent

Not Yet Competent

Mark
Assessor’s Comments:
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Further action required (if applicable)

ASSIGNMEN
T 1
© 2017 The National Finance
Institute
V.01051
7
Tas
k
Using the information contained in the Scenario below, please complete the following 6
tasks. You must complete each task for your submission to be assessed. Omission of any of
these 6 tasks will be regarded as ‘Working Towards Competency’ and you will then be
required to resubmit in full.
1. Complete the Fact Find document on these clients – using the form in
Appendix 14.
 We have not included all supplementary information on these clients so you
will need to
create your own “improvised” answers for inclusion in the Fact Find
document.
Trainees who already have access to their own version of a Fact Find template
may use
their own form as an alternative to that provided in Appendix 14.
2. Recommend a product for the clients and explain your reasons for
recommendation
3. List the supporting documents that would be needed to support the loan
4. Complete loan costing sheet *
5. Complete a loan servicing calculation (NSR) *
6. Complete a loan application form (an ANZ loan application form has been
provided for you, which you must use) and complete all of the
accompanying documents as provided for you. Your answer to this
Activity should be prepared as if you were
submitting a real full loan application to the
lender.
Please note: If there is information required on the ANZ application form that is not
supplied, please improvise. The application should be completed as neatly as
possible to ensure ease of review. It is to be submitted to NFI as if NFI is the lender
and you were an accredited broker (but you do not need to make up “dummy”
supporting documents eg. rates notice, etc.). If you do not submit in a professional
manner, your assessment will not be marked.
* The fees and charges required in order to complete this assignment correctly (ie.
Estimate of
Costs worksheet) can be found in Unit 7 (use your own state-specific section at the
back of Unit
7) and the instructions for how to complete the NSR form are in Unit 8. A Lenders
Mortgage
Insurance Chart (for your LMI calculation if applicable) is found in Unit 7. Trainees
should ensure they source their fees and charges from these units. There are also
sample documents to follow in Units 7 and 8.
Scenari
o
Clients: Mary Jane
Dowell
DL No.: 4167384
DOB: 06/06/65 Australian Passport No.: L93214773
John James Dowell
DL No.: 4378691

ASSIGNMEN
T 1
© 2017 The National Finance
Institute
V.01051
7
DOB: 03/05/67 Australian Passport No.: L8078972
Current Address: 46 Collins Street, North Ryde
NSW 2113
Time there, 2.6 years
Phone [phone]
Previous Address: 37 Maple Street, Gladesville
NSW 2111
Time there, 4 years.
Children: 2 children aged 7 and 9 Scenario Continued overleaf
....