FNS40815 Certificate IV Module 2 Practical Assessment: Finance Broking

This document is a practical assessment for the FNS40815 Certificate IV in Finance and Mortgage Broking, Module 2. It covers various aspects of mortgage broking, including providing credit assistance, completing LMI serviceability calculations, and understanding the packaging of an LMI proposal. The assessment also explores effective communication strategies for different client scenarios and requires the creation of audio recordings to demonstrate these skills. Additionally, it delves into the specifics of different loan products, such as fixed vs. variable rates, interest-only loans, and low-doc vs. full-doc loans. The assessment includes analysis of AUSTRAC's suspicious matter reporting requirements and case studies related to mortgage lending fraud. Furthermore, it involves the completion of client forms and the understanding of credit policies and eligibility information. The assessment aims to evaluate the student's practical application of knowledge and skills in the field of finance and mortgage broking.