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FUNDAMENTALS OF CONSUMER
LENDING
Course Description: This course covers the basics of consumer credit including terminology,
categories of credit, and credit worthiness. Students will learn the
applications process and the actions required to ensure bank compliance
with regulations. By the end of the course, students should have a
higher comfort level with consumer credit and feel an increase in
credibility when interacting with clients who apply for consumer credit.
Audience:
Any bank personnel with little or no experience in consumer lending.
Learning Objectives:
After completing this course, students will be able to:
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Describe consumer credit basics including examples of
consumer credit, the consumer credit operations of a bank, and the
credit application process
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Define basic categories of consumer credit and
terminology
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Explain how banks make money from loans including
which rate types banks use, which factors determine loan pricing, and
which loan coast categories affect loan profitability
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Describe the credit evaluation and decision-making
systems, namely the 5 C's of credit and credit scoring
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Summarize the impact of bank regulations upon the
credit application process
Course Credits:
AIB credits: 0.5;
ICB credits: 7.25 (CLBB)
Delivery Methods:
This course is available in the following formats:
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