I'm stuck on how to answer this question from my Diploma in Finance and Mortgage Broking course
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
6. Describe how you would present lender options to a client, including why you chose that option or options and why you chose a particular lender. TIP - to answer this question, you may search online and choose a lender and loan product and answer this as a (written) role play. In answering this question, you must consider how you guide the client through options including: Discussion of impact - advantages, disadvantages, risks and financial implications Fees charges and commissions inclusive of any fees paid by the lender directly to the broker How would you explain to the client the lender conditions as they comply with relevant legislation, regulatory guidelines, industry sector compliance requirements and the lender's policy? Research and documentation provided to the client Consultation required with other financial services professionals (eg. accountants, lawyers, financial planners, valuers, etc.) Confirmation that the client understands the options presented and any concerns are addressed Providing information on complaints resolution procedures (internal and external) as included in the information provided to the client. 6. Describe how you would present lender options to a client, including why you chose that option or options and why you chose a particular lender. TIP - to answer this question, you may search online and choose a lender and loan product and answer this as a (written) role play. In answering this question, you must consider how you guide the client through options including: Discussion of impact - advantages, disadvantages, risks and financial implications Fees charges and commissions inclusive of any fees paid by the lender directly to the broker How would you explain to the client the lender conditions as they comply with relevant legislation, regulatory guidelines, industry sector compliance requirements and the lender's policy? Research and documentation provided to the client Consultation required with other financial services professionals (eg. accountants, lawyers, financial planners, valuers, etc.) Confirmation that the client understands the options presented and any concerns are addressed Providing information on complaints resolution procedures (internal and external) as included in the information provided to the client.
Expert Answer:
Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
Posted Date:
Students also viewed these finance questions
-
Question (700 words) John Densmore, a law student and part-time musician, was seriously injured in a car accident. The other car's driver, Ray Manzarek, a renowned life motivation coach and a...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
3. Given the recurrence relation: Calculate T(n) for n= 1.2.3.4.5. 12 T(n) T(n)= 3T ([n/2])+ 2m +1 T(0) 0 1 2 3 4 5 [10 pts
-
Delta Products prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results. Variances are...
-
On August 31, 2018, Harvey and Ling, who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for 10 years. The realized gain...
-
In 2001, the City of New York and the Dormitory Authority of the State of New York (DASNY) entered into an agreement to build a forensic biology laboratory in Manhattan. Per the agreement, DASNY...
-
On December 31, 2008, Menachem Inc. rendered services to Begin Corporation at an agreed price of $91,844.10, accepting $36,000 down and agreeing to accept the balance in four equal installments of...
-
MaxBiotech Inc., a Japanese pharmaceutical manufacturer, has agreed to pay JPY 35.5 billion to Pfizer for the right to use its patent on the coronavirus vaccines. This payment is classified as a...
-
Finally, another outcome made possible by technology will be a significant decrease in business travel. Improvements in computer- mediated groupware will allow individuals to conduct meetings in...
-
For each of the following, determine whether the item is a private good, impure public good or a pure public good. Explain your response based on the items characteristics. [2] Wilderness areas...
-
An accounting firm (ML) is having Nazri, Najib and Gan as its partners. The business of ML has been badly impacted during the Covid-19 pandemic. Advise all the partners in respect of the following...
-
If you could control any element of supply or demand in a health economy - (workers, services, ....open/ restrict/ etc) what would you do and why? Explaijn
-
A motel in New Orleans charges $90 per day for double occupancy and $80 per day for single occupancy during off-season. If 80 rooms are occupied for a total of $6930, how many rooms of each kind are...
-
Consider a monopolist with the (inverse) demand function: Pb = 372 - 8 Qb. Given an increasing marginal cost: mc = 69 + 7 Q, how much profit does the monopolist earn ? (Assume fixed costs = 68 .)
-
Let ABC be a clockwise triangle with oriented interior angles alpha, beta, and gamma at the vertices A, B, and C, respectively. Prove that R(C,2γ) composed with R(B,2β) composed with...
-
Wholesalers Ltd. deals in the sale of foodstuffs to retailers. Owing to economic depression, the firm intends to relax its credit policy to boost productivity and sales. The firms current credit...
-
Using the normal table in the back of the book or software, find the value of z that makes the following probabilities true. You might find it helpful to draw a picture to check your answers. (a) P...
-
This dataset tracks the monthly performance of stock in Apple from January 1990 through December 2011. The data include 264 monthly returns on Apple as well as returns on the entire stock market,...
-
1. The chi-squared test of independence only detects linear association between the variables in a contingency table. 2. A statistically significant x2 in the test of independence implies a causal...
-
Compare and contrast the conceptual and physical properties of money.
-
Compare and contrast monetary policy and fiscal policy.
-
Compare and contrast open market operations and reserve requirement.
Study smarter with the SolutionInn App