Complex Lending Assessment | My Assignment Tutor

Assessment cover sheet For your assessment to be marked, you must complete and upload all tasks and this cover sheet via the AAMC Training Group portal. Your assessment tasks must be uploaded in an electronic format, i.e., Word, Excel, PDF, or Scan. Please see the step-by-step instructions in your Member Area on how to upload assessments. Student detailsCourse nameFNS50315 Diploma of Finance and Mortgage Broking ManagementAssessment nameComplex Lending AssessmentStudent name When you upload your assessment you will be asked to confirm that your assessment submission to AAMC Training is your own work and NOT the result of plagiarism or excessive collaboration, and that all material used from any third party has been identified and referenced appropriately. AAMC Training may conduct independent evaluation checks and contact your supervisor to discuss your assessment. Checklist of attachments for submission: Task 1 ☐ Case Study A (Investment property and construction loan) Checklist and embedded documents OR ☐ Case Study B (Plant and equipment loan) Checklist and embedded documents Task 2 ☐ Short answer questions Please indicate style of course undertaken: ☐ Online ☐ Classroom Trainer’s name:       Once your assessment has been uploaded it will be pending review with your nominated course assessor and marked within 5-10 working days. You will receive an email advising you have been marked as “satisfactory” or “additional information required”. If you have queries relating specifically to your assessment, please log an ‘Assessment Query’ under the HELP tab on your Members Area dashboard and a Student Support officer will respond. Alternatively, if you have an administration query please go to ‘Admin Query’. For example: I am having trouble with uploading my assessments and require assistance – can you please help me with this? Should you need to speak to someone during office hours, please contact us by:Phone: +61 (03) 9391 3643 / +61 (0)8 9344 4088 OR Email: [email protected] COMPLEX LENDING ASSESSMENT CREDIT TRANSFER You may be able to claim credit transfer for a unit/s of competency that you have previously completed with AAMC Training or another RTO. If you have been awarded a record of result or statement of attainment for any of the units detailed below then please go to the Credit Transfer tab in your Learning Centre and follow the prompts. This assessment relates to the following units of competency: FNSFMB502 Identify and develop complex broking options for client FNSFMB503 Present broking options to client with complex needs FNSFMB504 Implement complex loan structures Please refer to AAMC Training’s full Recognition Policy for further details. PLEASE READ THESE IMPORTANT INSTRUCTIONS BEFORE COMMENCING YOUR ASSESSMENT: This assessment enables you to choose from an investment property and construction loan OR a plant and equipment loan. In addition to thoroughly reading and understanding the contents of the Learner Guide, we require you to open and read the documents embedded below – Complex Lending Application Preparation and the Complex Lending Case Study Details – the background information and scenarios to make an informed decision of which Case Study you wish to submit. It would be time consuming if you changed your mind in the middle of one of the Case Studies. There are two checklists – one for each different scenario. Once you have chosen A or B, please ensure you locate and use the correct Checklist to access all embedded documents that will assist you in collating all the required documents for your chosen scenario. If you have any difficulty opening any embedded documents you can also access them from your Members Area Dashboard – see under the Useful Resources section of the Knowledge Centre tab. Alternatively you may use documents from your own business instead, remembering to replace them in the checklist. As you may be aware, our Learning Centre allows for five uploads per assessment. As there are many attachments required for this assessment, you may wish to embed documents or submit zip files as a way of minimising document uploads. Please see instructions on how to do this if you are not familiar with this practice. Case Study Option A – Investment Property and Construction Checklist This checklist forms your assessment if you have chosen to complete Case Study A.All sections need to be completed and submitted for review.Remove this checklist from the document if you chose to use Option B. Fully completed AAMC Training Assessment Cover Sheet (page 1)☐Fully completed AAMC Training Document Checklist (this page)☐File notes for Complex Lending and Costing Sheet☐Credit Guide, Privacy Statement and Consent Form☐Client Needs Review – Business & Commercial☐Credit Proposal Disclosure☐Cash Flow Forecast (Ensure you enable Macros for this document)☐Serviceability Calculator (Ensure you enable Macros for this document)☐Evidence of supporting documents.Complete the embedded “Evidence of supporting documents’ template to confirm information you checked/verified from the supporting documents that you supplied to the lender.☐Preliminary assessment checklist☐Compliance file checklist☐Complex / Commercial Loan Application☐Notes to lender with details of: Clients’ background, business background Requirements Reason for product chosen Borrowing structure and reason why Reasons for variances in the two years’ financial statements A SWOT analysis Financial ratio analyses including Current ratio, Debt ratio and Equity ratio Your recommendation for approval For training purposes, we are going forward with Notes to the lender instead of a Memorandum of Credit.☐Anti-Money Laundering/Counter Terrorism Financing ID requirements Remember to complete one form for each applicant.☐ Case Study Option B – Plant and Equipment Checklist This checklist forms your assessment if you have chosen to complete Case Study B.All sections need to be completed and submitted for review.Remove this checklist from the document if you chose to use Option A. Fully completed AAMC Training Assessment Cover Sheet (page 1)☐Fully completed AAMC Training Document Checklist (this page)☐File notes for Complex Lending and Costing Sheet☐Credit Guide, Privacy Statement and Consent Form☐Client Needs Review – Business & Commercial☐Combined Credit Quote and Proposal* OR Statement of Credit Advice☐Cash Flow Forecast (Ensure you enable Macros for this document)☐Serviceability Calculator (Ensure you enable Macros for this document)☐Evidence of supporting documents – Plant and equipment loan.Complete the embedded “Evidence of supporting documents’ template to confirm information you checked/verified from the supporting documents that you supplied to the lender.☐Preliminary assessment checklist☐Compliance file checklist☐Complex Loan Application☐Notes to lender with details of: Clients’ background, business background Requirements Reason for product chosen Borrowing structure and reason why Reasons for variances in the two years’ financial statements A SWOT analysis Financial ratio analyses including Current ratio, Debt ratio and Equity ratio Your recommendation for approval For training purposes, we are going forward with Notes to the lender instead of a Memorandum of Credit.☐Anti-Money Laundering/Counter Terrorism Financing ID requirements Remember to complete one form for each applicant.☐ Task 2 Short answer questions As part of your client’s retirement plan, they are interested in buying a camping ground that allows 40 camping sites for tents only and has ten environmentally friendly cabins. The client is keen to add ten caravan/motor home sites to increase his revenue. It appears the land has native title rights, which your client is unfamiliar with, and what this entails. Explain what restrictions, requirements, and issues might be evident around native title rights. A client has come to see you regarding the purchase of a heritage-listed terrace with two bedrooms and one living area with an open concept kitchen. The client intends to live in this property with their partner; however, they would like to build a second story main bedroom with an ensuite and study. What issues might you come across with a heritage-listed property? Include in your answer how you can overcome some of these issues. How do you communicate verbally and non-verbally when dealing with clients who have the following special needs:Visual or hearing impaired English as a second language Cultural differences. Explain the complex issues that can arise when using the following as security:Implications of borrowing against leased premises Multiple securities of differing kinds Rural/residential, crown, and rural land. Specialised securities such as hotels. Identify how the following forms of security can be utilised in complex loan structures:Assignment of rental income to the lender Joint and several personal guarantees or related company guarantees, Multiple mortgages Registered company charges Second mortgages The involvement of a unit or family trusts as either borrowers or guarantors. Please refer to your chosen case study in Task 1 and answer question 6 based on the scenario. After you analysed and prioritised options for the client and compared the features, fees, charges, and risks, you would have rejected inappropriate options. Please list two options that would have been inappropriate for the client and explain why. Option 1Option 2

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