The Consumer Lending course is ACE recommended for College Credit Transfer!
ACE Credit Recommendation Reference Number: CFTA-0007 (CFT Course Code: A205)
Course Description:
In this comprehensive overview of the consumer lending business, participants learn the essentials about closed-end loans, indirect loans and related credit products, and open-end credit products. They also trace the consumer lending process from developing and taking loan applications to collection and recovery. After successfully completing the consumer lending course, you will be able to: describe key laws or regulations affecting consumer lending; list characteristics, benefits, and disadvantages of direct lending, indirect lending, and open-end credit products; explain how effective marketing can increase loans outstanding and application volume; describe consumer loan information sources and the credit verification process; explain how the five C’s of credit are used in credit evaluation and decision making.
Topics include:
- Introduction to Consumer Loans
- Laws and Regulations Affecting Consumer Loans
- Interest
- Applying for a Consumer Loan
- Loan Underwriting
- Establishing and Perfecting Security Interest
- Document Preparation and Loan Closing
- Servicing Consumer Loans
- Loan Collections and Consumer Bankruptcy
Audience: Designed for entry-level consumer lenders, consumer credit personnel, and bank and credit union employees who need to understand consumer credit.
Diplomas and Certificates Applicable to the Consumer Lending course:
- Advanced Financial Services Diploma
- Introduction to Lending Certificate
- Consumer Lending Diploma
- Universal Banker Diploma
- Introduction to Sales and Service Certificate
- Sales and Service Management Diploma
eBook access included in tuition
Related Topics
Instructor
Jeff Smith
Jeff has been the Chief Lending Officer at Freedom Credit Union in Springfield, MA since 2013 and is in charge of managing the Commercial, Mortgage, and Consumer Lending portfolios, as well as the Col... read more.