Mortgage & Finance Broking · FNS50322
FNS50322 Diploma of Finance and Mortgage Broking Management - Study Online
Take the next step in your mortgage broking career with a nationally recognised Diploma you can complete online, at your own pace, within 12 months if you already have the Cert IV, or 24 months if you do not.
- Nationally recognised qualification (AQF Level 5)
- 100% online and self-paced
- 12 months to complete if you already have the Cert IV, or 24 months if you do not
- Unlimited assessment attempts, with no resubmission fees
- Full trainer and assessor support
- Accepted by the MFAA and FBAA
- RTO 21421, training since 2003
FNS50322 Diploma of Finance and Mortgage Broking Management
Get the course guide
The full FNS50322 Diploma of Finance and Mortgage Broking Management course guide, emailed to you by our education team.
Why study the Diploma of Finance and Mortgage Broking Management with IIT?
Self-paced online study
Start when you're ready and study anytime, anywhere. All learning materials are in our easy-to-use online learning portal, including downloadable e-books and PowerPoint presentations.
Unlimited assessment attempts
If an assessment needs more work, your assessor gives feedback and you resubmit. There are no extra fees and no limit on attempts.
Full trainer and assessor support
Our finance and mortgage broking trainers are on hand via email to answer questions, explain concepts and guide you through assessments.
Industry recognised
The FNS50322 Diploma is nationally recognised under the Australian Qualifications Framework and accepted by the MFAA and FBAA.
Over 20 years' experience
IIT (RTO 21421) has been delivering nationally recognised training since 2003.
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
FNS50322 Diploma of Finance and Mortgage Broking Management or bundle with FNS40821. Ask about this great offer now
Contact us Call us now1300 88 33 46
Who is this course suitable for?
The Diploma of Finance and Mortgage Broking Management is ideal for:
- Mortgage brokers and finance brokers who hold the Certificate IV and want to complete the Diploma to meet MFAA or FBAA membership requirements
- New brokers and credit representatives who need to upgrade their qualification within their aggregator or licensee's timeframe
- Career changers who want to start a career in mortgage broking (complete the Certificate IV and Diploma together in our bundle)
- Bank and lending staff, such as home loan lenders, lending officers, credit assessors and loan processors, moving into broking
- Real estate, accounting and financial services professionals who want to add finance broking to their services
- Broker business owners and managers who want to formalise their skills in compliance, risk and customer service management
- Parents and busy professionals who need flexible, self-paced online study
What you'll learn
Course topics cover the knowledge and skills mortgage brokers use every day:
- Credit options for special financial circumstances: helping self-employed borrowers, low-doc applicants, clients with credit impairment, irregular income or complex financial situations
- Complex loan structures: structuring and implementing complex residential, investment and commercial lending
- Presenting credit options to clients clearly and in line with best interests duty obligations
- Loan applications and settlement: preparing loan applications and implementing credit contracts through to settlement
- Identifying client needs: fact-finding, needs analysis and presenting suitable broking options
- Compliance and regulation: the National Consumer Credit Protection Act (NCCP), the National Credit Code, responsible lending obligations, best interests duty and industry codes of practice
- Ethics in financial services: applying ethical frameworks and complex ethical decision-making in the workplace
- Risk management: identifying and assessing risks in a finance broking business
- Customer service management: managing customer service and building lasting professional relationships with clients, lenders and referral partners
- Finance products: home loans, investment loans, business finance, car finance, hire purchase, novated leasing and consumer credit
- The credit lifecycle: lender selection, credit decisions, debt recovery and credit cards
Units of competency
The FNS50322 Diploma of Finance and Mortgage Broking Management has 15 units of competency. 7 are credit transferred from IIT's FNS40821 Certificate IV in Finance and Mortgage Broking.
To be awarded the FNS50322 Diploma of Finance and Mortgage Broking Management, the following units of competency must be successfully achieved. If you have already completed a FNS40821 Certificate IV in Finance and Mortgage Broking qualification or earlier training package, we will need to receive your statement of attainment to check eligible credit transfers. Different providers may not deliver the same electives IIT deliver.
If you have not completed the Certificate IV in Finance and Mortgage Broking, then you will need to complete all of the units from the Certificate IV in Finance and Mortgage Broking if you wish to receive that separate qualification or 7 of them as part of the full Diploma. We offer a package deal for the full Certificate IV and Diploma and you would receive both qualifications if you do this option. This is the recommended pathway.
Course Overview
This course is ideal for adults of all ages seeking to enter the Mortgage and Finance Broking industry or for those wanting to take their career to the next level in the most flexible and affordable manner. The Diploma is required if you wish to become a member of the MFAA. Commercial and car finance broking knowledge gained from this qualification to give you a head start in your career path.
- Entry Requirements
- No entry requirements. If you have previously completed the FNS40815/FNS40820/FNS40821 Certificate IV in Finance and Mortgage Broking, you will likely be eligible for RPL/CT for several units of competency. Please send in your transcripts to check eligibility.
- 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 (for the Roleplay requirement).
- Study Method: Distance Education via
- our Moodle platform with full support from our trainers and assessors PowerPoint presentations to assist your learning Distance or self-paced learning allows you to start a course when it suits you best. Moreover, it provides you with the flexibility to continue with your other commitments in life, such as work, parenthood and your social life. BEST OF ALL, it gives you access to our Distance Education Team Easy to navigate through the e-learning portal. The portal includes all learning resources and material and you can download and print these off.
- Course Duration
- The duration of the course will vary depending on each individual student and their prior experience and knowledge. A maximum of 24 months is the recommended timeframe for students new to the industry if doing the full Diploma. If you are completing the Diploma upgrade from the Certificate IV in Finance and Mortgage Broking we recommend approximately 120 hours. If you are completing the full Diploma, a recommended 220 hours approximately is required. Contact us for further information. This is a self paced online course
- Assessment tools
- 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 financial services or Mortgage/Credit Lending, you may be eligible for some credits towards the course by way of course exemptions through credit transfer or possible RPL. For more information on course exemptions and recognition of prior learning. Please send any relevant transcripts to education@iit.edu.au for a free RPL assessment
- Qualification Pathway
- This course has national recognition. IIT graduates are eligible to apply for professional membership with either the Mortgage & Finance Association of Australia (MFAA) or Finance Brokers Association of Australia (FBAA).
- Related Courses
- FNS40821 Certificate IV in Finance & Mortgage Broking
Find out about this offer, or email education@iit.edu.au Call us now1300 88 33 46
Units of competency FNS50322 Diploma of Finance and Mortgage Broking Management
(If you have completed a Cert IV in Finance and Mortgage broking with another provider, email your transcript to education@iit.edu.au so that we can confirm the units we can credit transfer across to the Diploma, as each provider will differ).
- FNSCUS511
- Develop and Maintain Professional Relationships in Financial Services (Cert IV unit)
- FNSFMB411
- Prepare Loan Application on Behalf of Clients (Cert IV unit)
- FNSFMB412
- Identify Client Needs and Present Broking Options (Cert IV unit)
- FNSFMB511
- Implement Credit Contracts in Preparation for Settlement (Cert IV unit)
- FNSFMB512
- Identify and Develop Credit Options for Clients Special Financial Circumstances
- FNSFMB513
- Present Credit Options to clients with Special Financial Circumstances
- FNSFMB514
- Implement Complex Loan Structures
- FNSFMK515
- Comply with Financial Services Regulation and Industry Codes of Practice (Cert IV unit)
- FNSINC411
- Conduct Work According to Professional practices in the Financial Services Industry (Cert IV unit)
- FNSINC412
- Apply and Maintain Knowledge of Financial Products and Services (Cert IV unit)
- BSBOPS505
- Manage Organisational Customer Service
- FNSINC513
- Identify and apply complex ethical decision making to workplace situations
- FNSINC514
- Apply Ethical Frameworks and Principles to Make and Act upon Decisions
- FNSRSK511
- Undertake Risk Identification
- FNSRSK512
- Assess Risks
Frequently asked questions
Is the Diploma of Finance and Mortgage Broking Management nationally recognised?
Yes. FNS50322 is a nationally recognised qualification under the Australian Qualifications Framework, delivered by IIT (RTO 21421).
How long does the course take?
You have 12 months to complete it if you already have the Certificate IV. Because the course is self-paced, many students finish sooner. Or 24 months if you do not already have the Certificate IV in Finance and Mortgage Broking.
Can I study the Diploma online?
Yes. The course is 100% online and self-paced, so you can study from anywhere in the world.
Do I need the Certificate IV first?
No formal prerequisite applies, but most students complete the Certificate IV first. The reason for this is most of the course assessments need to be completed from the Certificate IV as part of the Diploma qualification because many of the units of competency are contained within the Certificate IV module to meet the Diploma qualification. To complete the Cert IV first fully, means you can then enter the Mortgage Broking industry straight after receiving that qualification and then study the diploma module whilst gaining experience in the industry. This is the recommended pathway. Otherwise you can enrol directly into the Diploma but you will have completed 90% of the Cert IV module to complete the Diploma, it is recommended you finish those remaining assessments to receive both qualifications.
Will this qualification meet MFAA and FBAA requirements?
Yes. The FNS50322 Diploma is accepted by both the MFAA and the FBAA for membership.
What happens if I don't pass an assessment?
You'll get feedback and can resubmit. Attempts are unlimited and there are no resubmission fees.
What support will I get?
You'll get full support from qualified trainers and assessors by phone and email throughout your course.
Is there a payment plan?
Yes, payment plans are available. Call 1300 88 33 46 or email education@iit.edu.au for current fees.
Please contact us for more information, or email education@iit.edu.au Call us now1300 88 33 46
Questions about this course?
FNS50322 Diploma of Finance and Mortgage Broking Management is fully online and self-paced. Talk to our team about the right pathway for you.