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 through a series of detailed recorded lessons. 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.

How This Course Helps You And Your Organization:

Consumer lending provides comprehensive knowledge about consumer credit products, including personal loans, credit cards, auto loans, and mortgages. Participants learn about the types of consumer credit, terms and conditions, interest rates, and repayment options available to borrowers. By teaching participants how to assess the creditworthiness of borrowers by analyzing credit reports, income verification, debt-to-income ratios, and other financial metrics, this enables lenders to make informed decisions about loan approvals, interest rates, and loan terms while minimizing credit risk. Consumer lending equips individuals with the knowledge, skills, and tools needed to excel in lending, contribute to organizational success, and empower consumers to make informed financial decisions.

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 30 hours to complete
• Upon registration, you will receive an email with course access instructions and information from your instructor
• You will have 10 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 video lectures
• Direct email assignments, lecture readings and videos, assessments, and discussions
• Upon successful completion of the course, you'll receive an official grade report, highlighting your commitment to ongoing banking education