{"product_id":"consumer-lending-procedures","title":"Consumer Lending Procedures","description":"\u003cdiv class=\"ebsi-team-licence-note\"\u003e\u003cp\u003e\u003cstrong\u003eBuying for a team?\u003c\/strong\u003e\u003cbr\u003eChoose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.\u003c\/p\u003e\u003c\/div\u003e\n\u003c!-- ebsi-sales-wrapper --\u003e\u003cdiv class=\"ebsi-sales-wrapper\"\u003e\n\u003cp\u003e\u003cstrong\u003eDevelop practical knowledge and confidence in Consumer Lending Procedures.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThis course will introduce the learner to the extensive procedures involved in consumer lending. The learner will become familiar with application process and documentation, home equity loan documentation, and liens on collateral, in addition to many other aspects. After completing this program the learner will understand:\u003c\/p\u003e\n\u003ch3\u003eWhy this course matters\u003c\/h3\u003e\n\u003cp\u003eThis course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.\u003c\/p\u003e\n\u003ch3\u003eWhat you will gain\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eBuild a practical understanding of the key concepts covered in Consumer Lending Procedures.\u003c\/li\u003e\n\u003cli\u003eRecognise where the topic applies in real workplace or business situations.\u003c\/li\u003e\n\u003cli\u003eApply the methods and good-practice approaches covered in the course with greater confidence.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eWho is this course for?\u003c\/h3\u003e\n\u003cp\u003eThis course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.\u003c\/p\u003e\n\u003ch3\u003eCourse at a glance\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eStudy time:\u003c\/strong\u003e approximately 3 hours.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e self-paced online learning.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProfessional development:\u003c\/strong\u003e CPD course.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eCourse Description\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eSeat Time: 2.5hrs - Desc:\u003c\/p\u003e\n\u003cp\u003eThis course will introduce the learner to the extensive procedures involved in consumer lending. The learner will become familiar with application process and documentation, home equity loan documentation, and liens on collateral, in addition to many other aspects. After completing this program the learner will understand:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eHow to quote rates to customers.\u003c\/li\u003e\n\u003cli\u003eThe pre-closing and closing processes.\u003c\/li\u003e\n\u003cli\u003eHow to communicate loan decisions to customers.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003cul style=\"padding: 0px; margin: 0px 0px 15px 20px; color: #686868; font-family: lora, Verdana, Helvetica, Arial, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cu\u003e\u003cstrong\u003eCourse Topics\u003c\/strong\u003e\u003c\/u\u003e\u003c\/h5\u003e\n\u003cp\u003e\u003cstrong\u003eT1. The Consumer Lending Process:\u003c\/strong\u003e This topic will offer an introduction to the consumer lending process, with an overview of origination, preliminary decision, processing, notifications, and more.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT2. Rates:\u003c\/strong\u003e This topic will discuss the necessity of quoting rates, including a definition of rates, rate sheets, and the process of quoting rates to customers.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT3. Consumer Loan Applications:\u003c\/strong\u003e This topic will describe the first steps in the consumer loan application process; steps include assessing the borrower's needs, taking the application, and providing all required disclosures.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT4. Loan Documentation:\u003c\/strong\u003e This topic will focus on explaining all of the documentation that is necessary in the consumer loan application process, which includes the application itself, along with disclosures to the borrower and documents from the borrower.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT5. Home Equity Loan Documentation:\u003c\/strong\u003e This topic will educate the learner on the various documents required for home equity loans, including property valuations, title search, releases, and more.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT6. Liens on Collateral:\u003c\/strong\u003e This topic will introduce the learner to the concept of \"collateral\", the two processes required to secure collateral, and examples, exceptions, and procedures for liens therein.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT7. Underwriting Guidelines:\u003c\/strong\u003e This topic will introduce the learner to the underwriting process and the underwriters' and processors' involvement in income verification requests, preliminary approvals, counteroffers, declines, and exceptions.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT8. The Closing Process:\u003c\/strong\u003e This topic with explain the pre-closing and closing processes, documentation review, customer communication, and closing and funding the loan.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT9. Communicating Loan Decisions:\u003c\/strong\u003e This topic will educate the learner on acceptable practices for communicating loan decisions, which can be approval, counteroffer, or decline.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eT10. Closing Documentation:\u003c\/strong\u003e This topic will explain the loan finalization process, with information on closing documents for every loan and situation.\u003c\/p\u003e\n\u003c!-- ebsi-cross-sell --\u003e\u003cdiv class=\"ebsi-cross-sell\"\u003e\n\u003ch3\u003eContinue your learning\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003ePart of this learning pathway:\u003c\/strong\u003e \u003ca href=\"\/collections\/bankers-academy-banking-financial\"\u003eBanking \u0026amp; Finance\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLearners also take:\u003c\/strong\u003e \u003ca href=\"\/products\/commercial-lending-procedures-1\"\u003eCommercial Lending Procedures\u003c\/a\u003e  |  \u003ca href=\"\/products\/consumer-lending-basics\"\u003eConsumer Lending Basics\u003c\/a\u003e  |  \u003ca href=\"\/products\/consumer-lending-fraud\"\u003eConsumer Lending Fraud\u003c\/a\u003e\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c!-- ebsi-academy-breadcrumb --\u003e\n\u003chr\u003e\u003cdiv class=\"ebsi-course-pathway\"\u003e\n\u003cp\u003e\u003cstrong\u003eCourse pathway:\u003c\/strong\u003e \u003ca href=\"\/pages\/welcome-to-ebsi-banking-academy\"\u003eeBSI Banking Academy\u003c\/a\u003e \u0026gt; \u003ca href=\"\/collections\/bankers-academy-banking-financial\"\u003eBanking \u0026amp; Finance\u003c\/a\u003e \u0026gt; Consumer Lending Procedures\u003c\/p\u003e\n\u003cp\u003eExplore more \u003ca href=\"\/collections\/bankers-academy-banking-financial\"\u003eBanking \u0026amp; Finance\u003c\/a\u003e training or return to the \u003ca href=\"\/pages\/welcome-to-ebsi-banking-academy\"\u003eeBSI Banking Academy\u003c\/a\u003e.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Bankers Academy","offers":[{"title":"Individual Licence (EUR 60)","offer_id":40907774066866,"sku":"BA-191","price":66.0,"currency_code":"USD","in_stock":true},{"title":"5 Licences (EUR 50 each)","offer_id":59260504965468,"sku":null,"price":275.0,"currency_code":"USD","in_stock":true},{"title":"10 Licences (EUR 40 each)","offer_id":59260504998236,"sku":null,"price":440.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0077\/7604\/3071\/products\/BA-191ConsumerLendingProceduresCOVER.png?v=1633307915","url":"https:\/\/www.ebsiamericas.com\/products\/consumer-lending-procedures","provider":"eBSI Export Academy","version":"1.0","type":"link"}