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FNS40815_ FNSFMB401 Assessment 1 Knowledge REAA Released January 2019 Page 1of 9FNS40815 Certificate IV in FINANCE & MORTGAGE BROKING FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients Assessment 1 - Knowledge
fb79cf75-675e-4647-8a80-b2df2a5f99edV1.0 REAA Released January 2019 Page 2of 9Activity 1 Outline which aspect of a mortgage broking code of practice prohibits members from charging non-refundable fees for credit applications. (Outline key features of relevant current legislation and codes of practice relating to finance and mortgage broking) Activity 1 Answer
fb79cf75-675e-4647-8a80-b2df2a5f99edV1.0 REAA Released January 2019 Page 3of 9Activity 2 Why is it necessary for a broker to choose the appropriate form for a home loan applicant? (Explain the different types of relevant lender forms) Activity 2 Answer
fb79cf75-675e-4647-8a80-b2df2a5f99edV1.0 REAA Released January 2019 Page 4of 9Activity 3 Describe what information is required from an applicant in support of a standard home loan.