Course Description
In this course, you will learn how to use a ‘funding calculator’ to assist you with calculating the funds needed to complete a lending transaction. A funding calculator can also be referred to as a ‘loan worksheet’ or ‘funds-to-complete calculator’. It is completed whilst performing lending research and preparing recommendations for your customers to give them the funding information they need to know in their scenario before you submit their loan. It also helps brokers calculate lending amounts and position any transaction fees and customer contributions. In this course, we will use an example of a funding calculator that lives in LMG’s aggregation software, MyCRM to demonstrate the task.
Course Requirements
This course is perfect for brokers or credit analysts completing research, ready to send a recommendation to their customers. Access to MyCRM is recommended if you want to practice in real life, but not essential.
What you will learn in this course.
Funding calculators
Duration
Disclaimer: This training course was prepared by Loan Market Group Pty Limited. It was prepared based on the information available as at 28th November 2023. References to third parties in the training course are not indication of endorsement or approval of those third parties. The training course is for education and personal development purposes, and is not professional advice. While Loan Market Group has used reasonable efforts to ensure that this training course is accurate and up to date, to the extent permitted by law, we make no warranty or representation as to its accuracy, currency or completeness. Before relying on any information discussed in this training course, you must independently verify the currency and accuracy of the information and its relevance.