The Loan Processing Course is approved and recognised by the MFAA and FBAA.
The program is exclusively delivered online only. There are 12 modules to the Loan Processing Program. Each Module takes approximately 2-3 hours to complete – This allows for interaction with candidates, which is an excellent form of reinforcement and learning.
Each Module is designed to be skill building and from the outset the Mentee will definitely feel like they are learning and this will in turn boost their confidence and their outcomes.
The Assessments for the Loan Processing Modules
There are 4 Assessments for each module and there is homework allocated for each module – The students have one fortnight to complete these assessments. The Assessments are not onerous and are only there as knowledge based reinforcement.
Course Delivery
The online delivery mode, which is as the term describes, is delivered online. The inclusions and benefits are outlined in the table below
Inclusions of the Loan Processing Program Online
| Inclusions (Online) | Venue | Schedule | Benefits |
|---|---|---|---|
| 10 Lessons delivered by Trainer / Mentor | Online Zoom Meetings | Weekly or Individual Schedule tailored to your needs | • Able to meet with other Mentees via Zoom • Q&A sessions in class Practical Feedback Immediately |
| Continuous Professional Development Sessions (CPD) | Online Zoom Meetings | • Weekly Fortnightly or Monthly • (No sessions in December or January) | • Great help with ever changing lending market • Help with scenarios • Help with submissions • Help with product selection • Help with policy • Help with calculations • Help with delivering professional outcomes |
 Mr. Mentor Toolkit | Online | 24 Hours a Day | • Access to hundreds of up-to-date tools, templates and documents that have been tried and tested over 20 yers |
Course Schedule & Next In-take
| No. | Description of Lesson | Schedule | Time |
| 1 | The Successful Broker | 09/09/2022 | 10:30am – 1:00pm |
| 2 | Serviceability | 16/09/2022 | 10:30am – 1:00pm |
| 3 | Income Pay Slips and Self -Employed Income | 23/09/2022 | 10:30am – 1:00pm |
| 4 | Lending Products | 30/09/2022 | 10:30am – 1:00pm |
| 5 | Compliance | 07/10/2022 | 10:30am – 1:00pm |
| 6 | Processing Loans | 14/10/2022 | 10:30am – 1:00pm |
| No Session | No Session | ||
| 7 | Contract Law – House and Land Packages | 28/10/2022 | 10:30am – 1:00pm |
| 8 | Security Guarantees | 04/11/2022 | 10:30am – 1:00pm |
| 9 | The Settlement Process | 11/11/2022 | 10:30am – 1:00pm |
| 10 | Doing the Business | 18/11/2022 | 10:30am – 1:00pm |
| 11 | Complex Structuring | 21/11/2022 | 10:30am – 1:00pm |
| 12 | Other Loans | 02/12/2022 | 10:30am – 1:00pm |
Course Overview – 12 Modules
Module 1 – The Successful Broker
- Getting the Business and Doing the Business
- Communication
- A Loan Scenario – Think like an assessor
- The Funding Summary – Transaction Terms
- First Homeowner Grants and State Revenue Office
- Mortgage Insurance
Module 2 – Serviceability
- Living Expenses
- HEM
- Borrowing Capacity and Ratios
- Bank Calculators
- Other Income Interest/ Pension/ Family Maintenance
Module 3 – Income, Pay Slips and Self-Employed Income
- A Normal Pay Slip – What to look for
- A Complex Pay Slip- What to look for
- A Casual Employee- How to annualise
- No Pay Slips
- Self-Employed Income
Module 4 – Lending Products
- Best Interest Duty – Recommending Products
- Structuring Loans
- Loan Terminology
- Amortisation – The deletion of debt
- Comparison Rates – Annual percentage rates
- The Lending Product Maze – Types of loans
- Product Comparisons Product Comparisons
- Helping clients make the most of their home loan
- 10 Lending Tips for Your Clients
Module 5 – Compliance
- Why be compliant – Regulated and Non – Regulated Loans
- The Process and The Fact Find
- Comprehensive Credit Reporting
- Debt Negotiation
- Open Banking – Online Lending
- The Process and Living Expenses
- The Process and A Credit Guide
- The Process and Privacy Consent
- The Credit Quote
- The Process and The Credit Proposal and Disclosure
- The Process and Best Interest Duty
- The Process and The Lender Acknowledgement and Consent
- The Process and File Notes
- The Process and Referrers
- The Process and Gift Register
- The Process and Compliance Checklist
Module 6 – Processing Loans
- The Fact Find and Verifying Data
- Policy Research
- Workshop Documents – Initial Workshop Numbers UMI – Funding Summary – SOP
- Pricing
- Product Comparisons
- Scenario Inputting to Software
- Generating Compliance Documentation
- Transition to Apply Online – Loan App
- Uploading Supporting Documents
- Post Lodgement Tracking
- File Notes
- File Set-up
Module 7 – Contract Law – House and Land Package
- What is a Contract
- Security
- What are the components to a building contract?
- Tiles and Land Ownership
- Executing the Contract
- How to present the House and Land package to the lender
Module 8 – Security Guarantees
- The Scenario
- Comparing the LMI Charges
- What are the Security Guarantee Options?
- Are the lenders policies different for Security Guarantees?
- Should you recommend a second mortgage behind a different lender?
Module 9 – The Settlement Process
- The Conveyancing Process and Your Role
- Understanding a Credit Contract
- Explanation of Mortgage Documents
- Certification
- The Settlement Process – PEXA
- Discharge Forms
- Fast Refinances
- After Settlement Process and Your Role
Module 10 – Doing the Business
- Fact Find
- Credit Guide and Privacy
- CCR and Legends
- File Set-up
- FIle Invite
- Electronic Bank Statements
- Ordering Valuations
- Accreditation Checklist Codes – Password Software – MSA and FMS Settlement Logins
- TFN Removal Software
- VOI Software IDU – Zip ID
- Pricing Requests
- Cash Back Requests for Lender Rebates
- Loan Tracking Process and Client Communication
Module 11 – Complex Structuring
- The Case Scenario – A Complex Scenario
- The Case Scenario – Mary and John
- Property Spreadsheets
- Product Selection and Complex Lending
Module 12 – Other Loans
- Personal Loans
- Bridging Loans
- Low Documentation Loans
- SMSF Loans
- Reverse Mortgages
Ready to enrol?
Loan Processing Pricing
10 Month Plan
Online pricing
| Description | Monthly | Cost | GST | Total Cost |
|---|---|---|---|---|
| Sign Up Fee | $1,000 | $100 | $1,100 |
|
| Monthly Fee Payable (x12 months) | $140 + GST | $1,680 | $168 | $1,848 |
| Total Fees Payable to Mr. Mentor for 12 Month Program | $2,680 | $268 | $2,948 |
10% Discount applies if fees are paid up front
Payment by EFTPOS, Visa or Mastercard Accepatble
