Certificate IV in Finance/Mortgage Broking (FNS 40804)

Suitable for candidates who:

• are new to the mortgage broking sector, and seek to get the necessary knowledge and practical competencies to get started;
• wish to pursue a career as a mortgage broker, and seek to obtain the nationally recognised qualification required by employers; or
• are currently working in the industry, and would like to formalise their skills and knowledge gained through their practice.

This course will equip you with:

• essential knowledge of the mortgage broking industry basic skills to work as a mortgage broker;
• understanding of the lending process and working knowledge of the relevant industry legislation;
• the necessary lead generation and client management skills required to become a successful mortgage broker;
• ASIC PS146 Tier 2 compliance;
• the required qualification allows you to be an Accredited Member of the Finance Brokers Association of Australia (FBAA).

Career Pathways

The course prepares you for work such as:

• self-employed, contract or a franchisee mortgage broker;
• mortgage lender within a bank, building society, credit union or a mortgage manager;
• an Accredited Mortgage Consultant with the Mortgage & Finance Association of Australia (MFAA).

After successful completion, you may contact the Oceanic Human Resources on 1300 852 773 to discuss your career options.

Study Pathways

As a graduate of this course you will be able to proceed to study the Diploma of Finance/ Mortgage Broking Management.

Course delivery and duration

All Modules are delivered by Distance Learning using self-paced study guides.

Workshops

In addition to private study, for Modules 1, 2, 3 and 5 you can elect to attend a Workshop. Please contact aifa on 1300 785 775 for the upcoming workshops dates in your capital city. 

Recognition of Previous Study and Experience at our Assessment Centre

AIFA recognises the skills and knowledge you have gained through your work experience and/ or previous studies:

• CREDIT TRANSFER: If you have previously completed relevant competency units at any RTO, AIFA will give you credit transfers towards your qualification. Please indicate on your enrollment form your request for RPL – Credit Transfer. Credit Transfer will reduce the time required to complete a qualification.
• CURRENT COMPETENCY AND EXPERIENCE: AIFA has established an Assessment Centre to allow assessment of candidates with relevant work experience and competencies. Those who have extensive experience in their field can complete the entire qualification by assessment through our Assessment Centre.

Assessment requirements

To complete the course you are required to complete the following assessments for each module:

• Assignment (except Module 5)
• Written and multiple choice examinations (except Module 4)
  Examinations take one hour and are held at 4.00pm over 4 consecutive days. The results of your assignments and examinations will be available within 7 days of the examination day. You will be provided with a Statement of Attainment and a testamur certificate upon successful completion of the Course.

Course Content

You are required to complete the following 5 Modules for this qualification:

Module 1: Institutions, Products and Legislation
FNSICIND401A Apply principles of professional practice to working in financial services
FNSOCPRO401A Develop and maintain in-depth knowledge of products & services used by your organization or sector
FNSICCUS401A Deliver a professional service to customers
FNSCOMP501A Comply with Financial Services legislation, industry and professional codes of practice
FNSICGEN304B Apply health & safety practices in the workplace

Module 2: Client Relationship
FNSICGEN301A Communicate in the workplace
FNSFBRK402A Provide finance/mortgage broking services
FNSICSAM403A Prospect for new clients
FNSFBRK403A Present broking options to clients

Module 3: Lending Process
FNSICGEN302A Use technology in the workplace
FNSCRDT301A Process applications for credit
FNSFBRK401A Prepare & present loan applications on behalf of finance or mortgage broking client
FNSICCUS501A Develop & nurture relationships with clients, other professional and third party referrers

Module 4: ASIC Tier 2 Compliance
FNSASIC301A Establish client relationships and analyse needs
FNSASIC302A Develop, present and negotiate client solutions

Module 5: MFAA Initial Compliance Pack
Section 1 Uniform Consumer Credit Code
Section 2 Privacy Act
Section 3 Other Legislation
Section 4 MFAA Standards and Operating Guidelines

How to enrol

Enrolment closes 3 weeks prior to each Examination Day. To enrol please complete the Enrolment Application Form and mail of fax it to our Office to:
Level 5, 97 Pacific Highway,
North Sydney NSW 2060
Fax: 1300 785 776