Traineeship Funding
Did you know that you may be eligible for $4000 in government funding?
Find OutCertificate IV in Finance and Mortgage Broking (FNS40810)
Summary
- Certificate IV in Finance and Mortgage Broking is the minimum tertiary qualification for all Mortgage Brokers
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This is a self-paced course - recommended timeframe of 2 months per module x 5 =
10 months to complete -
For Traineeship information regarding this qualification please click here
- Consists of 5 modules which encompass 13 competencies
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Can be commenced at ANY TIME throughout the year
- Assessed by module assignments
- Assignments can be undertaken online or paper based
- Students must obtain 80% to pass each module
- Course fee - $990 (full fee of $990 or $330 on enrolment plus another 2 x $330 monthly credit card deductions)
- A Top Student Award consisting of an engraved plaque and $500 is presented to the person who achieves the highest overall mark in this qualification in 2012
- Experienced brokers can apply for RPL to obtain this qualification. The cost of the RPL Option is $500
Who should enrol?
For employers
Those who:
- have staff they want to mentor and reward by offering them a Nationally Recognised Qualification
- want to ensure their staff are qualified to obtain a mortgage broker’s licence
- want to ensure their staff have the external knowledge and skills that the mortgage broking industry requires
- have staff who may qualify as New Entrant and/or Existing Worker Trainees and access government funding for their training
For employees
Those who:
- want to attain a Nationally Recognised Qualification
- are new to the mortgage broking industry and want to obtain a mortgage broker’s licence
- want to become a member of the MFAA or the FBAA
- work for a mortgage broking company and want to be more valuable to their employer
- work for a mortgage broker and want to become a mortgage broker themselves
Modules
| FMB 401 | Your Work Environment |
| BSBCOM501B | Identify and interpret compliance requirements |
| BSBWOR204A | Use business technology |
| FNSINC401A | Apply principles of professional practice to work in the financial services industry |
| BSBOHS303B | Contribute to OHS hazard identification and risk assessment |
| FMB 402 | Your Clients, Your Business |
| BSBCUS301A | Deliver and monitor a service to customers |
| BSBWOR501A | Manage personal work priorities and professional development |
| FMB 403 | Business Relationships |
| FNSCUS501A | Develop and nurture relationships with clients, other professionals and third party referrers |
| FMB 404 | The Mortgage Industry |
| FNSINC402A | Develop and maintain in-depth knowledge of products and services used by an organisation or sector |
| FNSFMB402A | Provide finance and mortgage broking services |
| FMB 405 | The Lending Process |
| FNSFMB403A | Present broking options to client |
| FNSCRD301A | Process applications for credit |
| FNSFMB401A | Prepare loan application on behalf of finance or mortgage broking clients |
| FNSFMB501A | Settle applications and loan arrangements in the finance and mortgage broking industry |
RPL Option
Experienced mortgage brokers can apply for RPL in the Certificate IV in Finance and Mortgage Broking qualification.
RPL is an assessment process that recognises competencies that experienced Mortgage and Finance Brokers currently have, regardless of how, when or where the learning occurred. This includes competencies attained through any combination of formal or informal training and education, work experience or general life experience. Experienced brokers are considered to be those who have worked in the mortgage/finance broking business for at least 2-3 years full-time.
To apply for RPL you must provide evidence that addresses and meets the requirements of each unit of competency. You will need to provide a JP certified copy of all evidence submitted in support of your RPL application. All evidence must be authentic, valid, reliable, current and sufficient.
RPL Fee
The fee for an RPL application is $500 per person.