Our "Consumer Lending" course provides a comprehensive overview of the consumer lending business, covering the process of developing and taking loan applications to collection and recovery.

You'll also learn specifics on the types of consumer credit, terms and conditions, interest rates, and repayment options available to borrowers, as well as details about direct lending, indirect lending, open-end credit products, consumer loan information sources, and the credit verification process.

How This Course Helps You And Your Organization:

Designed for entry-level consumer lenders, consumer credit personnel, and bank and credit union employees who need to understand consumer credit, "Consumer Lending" provides comprehensive knowledge about consumer credit products, including personal loans, credit cards, auto loans, and mortgages.

By learning key tips on how to assess the creditworthiness of borrowers by analyzing credit reports, income verification, debt-to-income ratios, and other financial metrics, lenders can make better-informed decisions about loan approvals, interest rates, and loan terms while minimizing credit risk.

Topics Covered:

• 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

In addition to the learning content listed above, the course also provides assessments to enhance your retention of the materials.

How The Course Works:

• This is an online course that you take at your leisure from your home or office; it should take approximately 45 hours to complete
• Upon registration, you will receive an email with course access instructions and information from your instructor
• You will have 15 weeks to complete the course materials and will have access to all course materials for six weeks after course completion

What You Receive:

• Online training content from a great instructor
• Access to the online textbook
• Two open-book quizzes, a mid-term, and final assessment
• Upon successful completion of the course, you'll receive an official grade report, highlighting your commitment to ongoing banking education