Unit of competency Outline

Date retreived
23/07/2026 6:55 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Prepare loan applications on behalf of clients

Prepare loan applications on behalf of clients

Unit of competency
National Code
FNSFMB411
State Code
OCZ69
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
02/02/2021
View on TGA
State Implementation and Classification
Approved Date
22/04/2021
Field of Education
081101 - Banking And Finance
Original Release Date
22/04/2021
Nominal Hours
20
Description
This unit describes the skills and knowledge required to prepare a client loan application to the specific requirements of a credit provider.The unit applies to individuals who use analytical and organisational skills to complete administrative requirements and use interpersonal skills to work effectively with a range of clients and personnel.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Compile loan information
  • 1.1 Identify client goals, objectives and client confidentiality requirements
  • 1.2 Obtain client’s financial and personal information
  • 1.3 Identify information required to support loan application according to codes of practice, legislative and regulatory requirements
  • 1.4 Gather required documents and signatures for loan application
  • 1.5 Advise client of loan preparation and presentation process
2. Prepare loan documentation
  • 2.1 Confirm loan requirements and check supporting documentation for accuracy and readability
  • 2.2 Complete documentation that reflects client’s financial situation and personal information according to lender requirements and guidelines
  • 2.3 Review documents and confirm information with client
  • 2.4 Complete document execution according to organisational procedures as required
3. Present documentation for assessment
  • 3.1 Submit documents to lender or approving officer according to client confidentiality requirements
  • 3.2 Obtain decision of lender or approving officer and notify client of offer or non-offer of loan according to organisational policies and procedures
  • 3.3 Gather additional information requested by lender to support loan application as required
  • 3.4 Provide required information to client if loan application is non-offer
No information
No information
Replaces
State Code National Code Title Type
AUR04 FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients Unit of competency