Mortgage & Finance Broking · FNS40821
FNS40821 Certificate IV in Finance and Mortgage Broking - Study Online
Start your career as a mortgage broker or finance broker with a nationally recognised qualification you can study online, at your own pace, in up to 12 months.
- Nationally recognised qualification (AQF Level 4)
- 100% online and self-paced
- Up to 12 months to complete
- Full trainer and assessor support
- Meets the minimum ASIC education standard for mortgage brokers
- RTO 21421, training since 2003
FNS40821 Certificate IV in Finance and Mortgage Broking
Get the course guide
The full FNS40821 Certificate IV in Finance and Mortgage Broking course guide, emailed to you by our education team.
Why study the Certificate IV in Finance and Mortgage Broking with IIT?
Fully online, self-paced learning
Start anytime and study when it suits you. Everything is in our easy-to-use online learning portal, including e-books and PowerPoint presentations.
Up to 12 months to complete
You get a full 12 months, so there's plenty of time to balance study with work and family. You can study at your own pace and finish earlier as it is a self paced course.
Full support
Our qualified finance and mortgage broking trainers are available by phone and email to help with questions and assessments.
Nationally recognised
FNS40821 is a nationally recognised qualification under the Australian Qualifications Framework.
A clear pathway
Go straight on to the FNS50322 Diploma of Finance and Mortgage Broking Management upgrade, or save with our FNS40821 Certificate IV in Finance and Mortgage Broking + FNS50322 Diploma of Finance and Mortgage Broking Management bundle deal. Ask about this great offer now
Trusted since 2003
IIT (RTO 21421) has delivered nationally recognised training for over 20 years.
Our FNS40821 Certificate IV in Finance and Mortgage Broking course allows you to study via the flexible, Online Self paced program. Course material is included in the pricing and full support is available while you study at your own pace.
International Institute of Technology’s (IIT) FNS40821 Certificate IV in Finance and Mortgage Broking is an excellent way to take your first steps towards becoming an Accredited Mortgage/Finance Broker/ Advisor.
What sets IIT (International Institute of Technology) apart from other Mortgage/Finance Broking training providers?
- Self Paced Learning so you can study around work and family
- PowerPoint presentations
- Full Support as you study, so you’re not doing this course alone!
- No extra fees to resubmit areas
- Nationally Recognised and accredited
- Experienced Trainers and assessors.
- Unlimited attempts to meet competency
- Digital E-books that can be printed off or downloaded
- Practical workplace simulated tasks to understand “real world” requirements
Let IIT’s Mortgage/Finance Broking course start you on the way to becoming a professional broker! 7 units of competency can be credit transferred from the Certificate IV into the FNS50322 Diploma of Finance and Mortgage Broking Management.
FNS40821 Certificate IV in Finance and Mortgage Broking. Ask about our bundle deal with the FNS50322 Diploma of Finance and Mortgage Broking Management upgrade.
- Introducing the Mortgage Broking Profession
- This module provides students with an understanding of the mortgage broking industry which covers concepts such as home loan finance and remuneration methods. The module is in the context of the financial services industry which includes an examination of the economic environment.
- Understanding the industry and economic environment
- This module provides students with an understanding of the applicable regulatory environment. The module investigates how the National Credit Code and consumer protection regulation affects mortgage broking. The module also explores relevant professional associations, conflict resolution and fraud risk.
- Legislative and Regulatory Frameworks
- Learn how to become a highly qualified Mortgage/Finance broker and understand the compliance and legislation required to meet AML and regulatory requirements. Understand the role of the Mortgage Broker so that you can build relationships with customers to support them in the most professional way.
- Internal and Organisational frameworks and customer related policies
- Understand the Mortgage broking process from the beginning of the customer experience to settlement finalisation. Learn how to understand the best way to support and advise Mortgage/Finance loan customers and create the most professional customer/Mortgage Broking relationship to find out eligibility for complex and standard loan options to best suit their needs.
- Understanding Loan products and Managing the loan application process
- This module provides students with an overview of various loan features and types of home loans supported by an explanation of loan calculations. The module explores the lenders loan decision and the preparation of a loan application.
- Professional Development Requirements for the Mortgage/Finance Broker (CPD)
- Provides students with an understanding of their CPD requirements and types of CPD they can undertake per year and the management/record keeping for this requirement
- Entry Requirements
- There are no entry or eligibility requirements for this course. You do not need work experience or prior knowledge to enrol.
- Hardware & Software
- Access to a computer/laptop with internet access and either Google Chrome or Mozilla Firefox. Microsoft Excel 2003 or later, Microsoft Word 2003 or later. A device capable of recording video (distance students only). Please note; no IOS programs will be accepted for marking, such as “Pages”, “Numbers” or other programs not compatible with Microsoft Office or windows.
- Study Method: Self Paced Online learning course with Full Support
- Easy to navigate through our online platform, with full support from our assessors and trainers as you go.
- Requirements for study
- You will need Windows or a Mac computer with a compatible version of Microsoft Word and Excel, and internet access. ∗ We can only accept Microsoft Word and Excel, not Mac alternatives.
- Course Duration
- The duration of the course will vary depending on each individual student and their prior experience and knowledge. A maximum of 12 months is the recommended timeframe for students new to the industry but you can complete this course as quickly as you like. 468 is the maximum amount of hours recommended for this course. As IIT offer a clustered arrangement, most students will take far less to complete this course due to the structure of the assessment tasks. Contact us for further information. Self paced
- Assessments
- True / False Questions (TF), Multiple Choice Questions (MCQ), Short Answer Questions (SAQ), Case study and role-play.
- Exemptions and Recognition of Prior Learning (RPL)
- If you have completed previous studies in the financial services area, you may be eligible for some credits towards the course by way of course exemptions. For more information on course exemptions and recognition of prior learning Please email education@iit.edu.au
- Qualification Pathway
- This course has national recognition. We recommend you progress to the FNS50322 Diploma in Finance and Mortgage Broking Management if you require professional membership with the MFAA or want to get the best out of your Mortgage Broking Career.
- Related Courses
- FNS50322 Diploma of Finance and Mortgage Broking Management
Career outcomes
- Mortgage broker
- Finance broker
- Credit representative
- Loan writer
- Broker assistant or loan processor
- Lending support officer
How the online course works
- Enrol online and get access to the learning portal.
- Study at your own pace with e-books, presentations and online resources.
- Complete your assessments, including written questions, case studies and role plays.
- Get feedback and support from your trainer and assessor.
- Graduate with your nationally recognised FNS40821 Certificate IV within 12 months.
Units of Competency
To be awarded the FNS40821 Certificate IV in Finance and Mortgage Broking the following units of competency must be successfully achieved:
- BSBPEF501
- Manage Personal and Professional Development Core
- FNSCUS511
- Develop and Maintain Professional Relationships in Financial Services Industry Core
- FNSFMB411
- Prepare Loan Application on Behalf of Clients Core
- FNSFMB412
- Identify Client needs and Present Broking Options Core
- FNSFMK515
- Comply with Financial Services Legislation and Industry Codes Core
- FNSINC411
- Conduct Work According to Professional Practices in the Financial Services Industry Core
- FNSINC412
- Apply and Maintain Knowledge of Financial Products and Services Core
- BSBTEC301
- Design and Produce Business Documents Elective
- BSBOPS304
- Deliver and Monitor a Service to customers Elective
- FNSFMB511
- Implement Credit Contracts in Preparation for Settlement Elective
- FNSCRD311
- Process Applications for Credit Elective
- FNSSAM413
- Identify and provide initial information to potential new clients Elective
Frequently asked questions
What qualification do I need to become a mortgage broker in Australia?
You need at least the FNS40821 Certificate IV in Finance and Mortgage Broking. Most industry associations and aggregators also expect you to complete the FNS50322 Diploma of Finance and Mortgage Broking Management within 12 months of completing the Certificate IV. This also allows you to maintain your MFAA membership if you join them.
How long does it take to become a mortgage broker?
You can finish the Certificate IV online within 12 months, or sooner if you study faster. After that, you'll join an aggregator, complete your registrations and start working under a mentor.
Can I study the Certificate IV in Finance and Mortgage Broking online?
Yes. IIT delivers the course 100% online and self-paced, you can take the whole 12 months, or finish it earlier. Full support as you study and unlimited attempts.
Is the course nationally recognised?
Yes. FNS40821 is nationally recognised under the Australian Qualifications Framework and delivered by IIT (RTO 21421).
Do I need experience in finance?
No. There are no formal entry requirements in this qualification, so the course suits people who are new to the industry or those who have experience. If you already have financial services knowledge in Australia, you may find you comprehend the learner material and study requirements more easily but it is not a requirement for enrolment.
What support will I get?
You'll have full support from qualified trainers and assessors by phone and email.
What comes after the Certificate IV?
Go on to the FNS50322 Diploma of Finance and Mortgage Broking Management, or save by enrolling in the Certificate IV + Diploma bundle.
How to become a mortgage broker in Australia
Becoming a mortgage broker is a clear, step-by-step process. Here's what's involved.
Step 1: Complete the Certificate IV in Finance and Mortgage Broking (FNS40821)
ASIC sets minimum training standards for credit professionals. To give credit assistance on home loans, you need at least the Certificate IV in Finance and Mortgage Broking. That's where this course comes in.
Step 2: Complete the Diploma of Finance and Mortgage Broking Management (FNS50322) (Optional to begin with)
Industry associations such as the MFAA, and many aggregators, expect brokers to hold the Diploma as well within 12 months of completing the Cert IV. Many students save time by studying the Certificate IV + Diploma bundle.
Step 3: Join an aggregator and become a credit representative. We can assist you with this.
Most new brokers work as a credit representative under an aggregator's or licensee's Australian Credit Licence (ACL). The aggregator gives you access to a panel of lenders, loan software, compliance support and training. Experienced brokers can later apply to ASIC for their own credit licence.
Step 4: Meet the regulatory requirements
Before you can start, you'll need to:
- Meet the regulatory requirements, such as police and credit history checks
- Meet the fit and proper person requirements
- Hold professional indemnity insurance
- Join an industry association such as the FBAA or MFAA, and find a mentor
Please contact us for more information, or email education@iit.edu.au Call us now1300 88 33 46
Questions about this course?
FNS40821 Certificate IV in Finance and Mortgage Broking is fully online and self-paced. Talk to our team about the right pathway for you.