Using the information contained in the Scenario below, please complete the following 6 task. You must complete each task in order 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 (NSA)
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.
Tasks
1. Complete the Fact Find provided in Appendix 14 or your own company's Fact Find document (and improvise any information that has not been provided in the scenario).
2. Recommend a product for the clients and explain your reasons for the recommendation
3. List the supporting documents that would be needed to support this loan application. Even though there is a checklist in the lender's application form, you most list the documents separately below.
4. Complete the loan costing sheet below
5. Complete the loan servicing calculation (N512) by completing the form overleaf. TIP: Remember this NSR calculation is based on 2 security properties, but you use only one NSR form, You should calculate your loan repayments based on the qualifying rate. Even though the clients have requested Interest Only for their investment property slip, your loan repayment calculations in this NSR form should be calculated at Principal and Interest.
6. Complete the lender's application form (a blank ANZ loan application form has been provided for you) and the other 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. Remember you most treat this as a cross-collateralised loan structure.
Attachment:- Assignment.pdf