This section will provide with details of all the learning you are required to complete as a credit representative of Model Mortgages.
There are some learning modules for you to complete within 14 days of your appointment as a Model Mortgages Representative. These have been designed to keep you updated with current NCCP Regulations and to implement best business practice into your day to day routine.
Overview of the mandatory learning modules;
Fraud Prevention and Awareness
- There is a learning module designed to increase your awareness of Fraud Prevention. This module has been created as a guide and will assist you in implementing some best practices into your business so to avoid any risk.
Responsible Lending
- The Responsible Lending module is designed to assist brokers in understanding and meeting the requirements for compliance with RG209 obligations. The learning module unpacks the RG209 in stepping through a compliant mortgage transaction. By completing this module brokers will understand what ASIC expects in relation to reasonable enquiries, verifying information, Preliminary Assessment and the importance of keeping good records.
Anti-Money Laundering & Counter Terrorism Financing – (AML/CTF Act 2006)
- The learning unpacks the AML/CTF Act 2006 and highlights the impact of breaching this Act. The learning also demonstrates the connection between mortgage lending and the Act. By completing this learning all credit representatives will understand the expectations of the Act and the penalties for non-compliance.
Please log into the learning site http://elearning.connective.com.au/ using your current CA login and password to complete the learning followed by the test.