Certificate IV in Finance and Mortgage Broking

Certificate IV in Finance and Mortgage Broking 2018-11-13T23:07:01+00:00

Course Code:                                             FNS40815
Course Name:                                           Certificate IV in Finance and Mortgage Broking
Duration:                                                    6 Months
Fee Options:                                              Fee for Service   OR   Government Funding in Victoria

The FNS40815 Certificate IV in Finance and Mortgage Broking is nationally accredited and recognised as meeting the minimum qualification required to become a Mortgage Broker in Australia as set out in Regulatory Guidelines 206 (206) issued by the Australian Securities and Investment Commission (ASIC).

How to become a Mortgage Broker in 3 EASY STEPS…

Step 1:  Get Accredited – the Certificate IV is your ticket to becoming an Accredited Mortgage Broker.  Did you know Brokers settle almost 55% of all new residential loans in Australia?

Step 2: Plan for success – as you complete your studies, we can help you plan for success and explore ways to GENERATE LEADS by tapping in to your Centres of Influence, before you even start as a Broker.

Step 3: Choose your Mortgage Broking Group (Aggregator) & find your Mentor – we can help you select where to set up your Mortgage Broking business, and can align with you a dedicated and experienced Mortgage Broker Mentor through our myIntegrity Mentor Program (more info).

Course Modules:

  • Foundations of Professional Practice
  • Building Client Relationships
  • Developing Product Knowledge
  • Presenting Client Solutions
  • The Loan Process
  • Grow your Business
  • Industry Professional Development

Before you enrol

There are many factors to consider prior to enrolling into any course and we recommend you call one of our Course Advisers on 1300 400 346 to discuss your training needs to ensure you choose the most appropriate course for your career aspirations. For pre-enrolment information please click here.

Education Requirements

There are no educational entry requirements for this course.

Language, Literacy & Numeracy Requirements

This course requires you to read comprehensive learner guides, complete a variety of written tasks, conduct independent research activities and at times engage in online forums and discussions. All learners will undertake a language, literacy and numeracy skills assessment prior to the course commencement. This assessment will highlight if you require any additional support in these areas.

Skill requirements

To successfully complete this course, learners will require basic computing skills. This may include:

  • saving and editing Microsoft Office documents
  • researching, accessing and searching the internet
  • downloading and saving documents from websites
  • uploading documents through websites
  • recording videos using a smart phone, computer or tablet
  • participating in online discussion boards

Computer requirements

Integrity Education uses Canvas as its e-learning platform for both blended and fully online deliveries. The following are the minimum technology requirements for access to Canvas: 

Operating systems
  • Windows 7 and newer – users of  Windows 10 will need to download the Anniversary update to submit assignments to Canvas
  • MAC OSX 10.6 and newer
  • Linux – ChromeOS
Mobile Operating System
  • iOS7 and newer
  • Android 4.2 and newer
Computer speed and processor
  • Use of a computer no older than 5 years
  • 1GB RAM
  • 2GHz processor
Internet speed
  • Minimum of 512kbps
Screen Size
  • 800 x 600 is the minimum for Canvas
  • Canvas mobile app is recommended for hand held devices and smaller screens
Supported browsers Canvas support the current and first previous major releases of the following browsers:

  • Internet Explorer 11 and Edge 40 and 41 (Windows 10 users remember to download Anniversary update)
  • Safari 10 and 11 (Macintosh only)
  • Chrome 63 and 64
  • Firefox 57 and 58
  • Flash 27 and 28 – used for recording or viewing audio/video  and uploading files
  • Respondus Lockdown

Delivery & Support

How does online delivery work?

Your student portal, myIntegrity, contains all your course materials, learning activities and assessments.

Integrity use Canvas as our e-learning platform. There will be a short induction video to help familiarise yourself with your student portal, which you will be using throughout your online student journey. This induction video will include navigation tips as well as how to set up the APP on your phone.

Studying online offers complete flexibility – you can study ANYWHERE at ANY time. Whether that’s on the train, your sofa, at the beach… totally up to you. There are no requirements to attend any classes as an online student, however you do have unlimited access and support through our trainers and student services team. Online students have the option to upgrade their enrolment to join into one /all workshop classes

What is Blended Delivery?

Blended delivery combines all of the benefits of online delivery with 3 Face-to-Face workshop classes where you can learn from experienced industry practitioners. Our Melbourne based workshops are conducted in our training rooms at Level 4, 84 William Street, Melbourne, VIC 3000. Workshops can be delivered in a central location in the CBD of each capital city in all other states. All workshop classes commence at 9am and finish at 5pm.

What support will I get from my trainers?

Integrity Educations Trainers and Assessors are working within their field of expertise and they keep up to date with any changes through continuous professional development to ensure a quality training experience for our students. Our trainers will:

  • Be available Monday to Friday via email or telephone to answer queries and questions about your learning and assessment from 9:00am to 5:30 pm.
  • Respond to all queries within one business working day – 24 hours or on the following business day following a weekend or public holiday.
  • Mark and provide feedback on all Assessments within our standard 5 to 10 working days.

Click Here Meet Our Trainers

What support will I get from Student Services?

Our dedicated team of Student Services Officers offer will provide unparalleled support through each step of your learning journey. At Integrity our Student Services Officers will:

  • Be available Monday to Friday via email or telephone to answer queries and questions from 9:00am to 5:30 pm
  • Respond to all queries within one business working day – 24 hours or on the following business day following a weekend or public holiday.

 

Career Pathways

Mortgage Broking is now viewed by many as a long-term career for the young or Career Changes to aspire to – in the same vein as a career as a doctor, lawyer or engineer – rather than something one ‘falls in to’.

Young Professionals and Mature, life-experienced individuals are coming in to the industry from an increasingly diverse range of other industries, as opposed to predominantly from the finance-institution industry.

Income, control and lifestyle remain key motivators to start a career in broking, regardless of age or experience. To decide you want to be your own boss, to take that risk, is a huge commitment.  The rewards are many and varied, from financial to work-life balance, and the satisfaction of helping ordinary Australians navigate the complex and confusing lending environment as clients seek to achieve their dream of home ownership.

The Certificate IV in Finance & Mortgage Broking provides various employment opportunities such as:

  • Mortgage Broker
  • Loan Processor/Writer
  • Customer Service Officer (CSO)
  • Lending Officers
  • Credit Analyst
  • Business Development Managers (of a Lender).

Education Pathways

The FNS40815 Certificate IV in Finance and Mortgage Broking is the first step in the education journey of the modern Mortgage Broker.  Many Brokers continue their studies to complete the FNS50315 Diploma of Finance and Mortgage Broking Management (upgrade) which is Mortgage and Finance Association of Australia (MFAA) requires of its Members within 12 months of joining.

Graduates of the Diploma qualification may be entitled up to 8 credits (1 year) towards a Bachelor of Business Degree with a leading Australian University should they want to distinguish themselves within the industry.

Melbourne November Saturday Intake

Day 1 -Foundations of Professional Practice 17th November
Day 2 – Present Product Solutions based on Clients Needs 1st December
Day 3 – Business Growth & the Loan Application Process 15th December

Melbourne February Saturday Intake

Day 1 -Foundations of Professional Practice 2nd February
Day 2 – Present Product Solutions based on Clients Needs 23rd February
Day 3 – Business Growth & the Loan Application Process 16th March

Course Fees

Enrolment into the Certificate IV in Finance & Mortgage Broking Management is $600.  Payment options include electronic funds transfer (EFT), credit card (MasterCard or Visa), cheque or cash.

Government Funding 

Integrity Education delivers training with Victorian and Commonwealth Government funding, under the Skills First program. The funding only applies for eligible Victorian students. The funding is not a loan; unlike other government funding, like HELP loans, you won’t have to pay it back.

If you live in Victoria and meet the eligibility requirements your fees are subsidised and tuition fees applicable for this course are outlined in our Statement of Fees.

Assessments

Integrity Education has carefully structured its assessments to include a variety of styles to cater for the learning needs of a broad range of students. Assessment methods may include:

  • Written assessment tasks
  • Project / Report / Discussion
  • Role plays / Workplace simulations
  • Case Studies

Units of Competency

The FNS40815 Certificate IV in Finance and Mortgage Broking contains 12 units of competency :

Core Units

FNSCRD301 Process applications for credit
FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients
FNSFMB402 Identify client needs for broking services
FNSFMB403 Present broking options to client
FNSFMK505 Comply with financial services regulation and industry codes of practice
FNSINC401 Apply principles of professional practice to work in the financial services industry
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
BSBITU306 Design and produce business documents

Elective Units

FNSASIC301 Establish client relationship and analyse needs
FNSASIC302 Develop, present and negotiate client solutions
FNSSAM403 Prospect for new clients
BSBWOR501 Manage Personal work priorities and professional development

Recognition of Prior Learning & Credit Transfers

If you have previously worked in the financial services industry or completed any previous studies in this area you may be eligible for either credit transfers or recognition of prior learning.

Recognition of Prior Learning (RPL)

Through the RPL process, Integrity will recognise the skills and knowledge of learners that have been gained through relevant work experience and past study.   With learners’ diverse backgrounds, sufficient experience and expertise attained in the industry, this may exempt learners from completing the standard course requirements.

Applicants for RPL must provide evidence that demonstrates current industry knowledge and skills gained through work experience, current and past study against each unit of competency embedded in the qualification.

How do I apply?

Integrity have developed a seamless approach to the RPL process, this process puts the learner at the forefront of the process and you will be provided with direction and support throughout.

Step 1

To apply for RPL, complete the Self-Assessment tool for your chosen qualification provided to your via email from one of our Course Advisors. Once you have completed this, scan and email to us at info@integrity.edu.au.

Step 2

An informal conversation is held between you and an Integrity Assessor, this conversation will help determine if you are a suitable candidate for RPL and will briefly outline the process. Once completed, the next step is to enrol via the website and continue with the RPL process.

Step 3

Once you have enrolled, The RPL Assessment Kit for your chosen qualification will be made available to you.   Read through the RPL Kit and make notes for discussion with your allocated Integrity Assessor. Your Assessor will discuss the RPL process, evidence requirements, set timelines for the Competency Conversation and answer any questions you may have.

Step 4

At this step you will be gathering your paper/online based evidence and complete the relevant sections of the Kit.  Once completed, the Kit and required evidence can be uploaded into your student portal.

Step 5

Your Assessor will then contact you to conduct a telephone / skype interview – also known as a Competency Conversation, to discuss your evidence and to ask questions that will be used to fill any identified gaps.  This conversation will take place at a time that is agreeable to you and the Assessor.

Step 6

The assessment decision is made, with the following possible outcomes.

  • RPL – Competent – will be recorded for each unit you successfully achieve through the RPL process, if you meet all the units in the qualification then your Certificate and unit transcript will be issued within 10 working days to your nominated address.
  • RPL – Not Yet Competent – GAP Training or Assessment Only Pathways will be offered to help you fill the identified gaps in your skills and knowledge, depending on availability of places, this can be achieved by workshop attendance for Victorian residents or online.

Credit Transfer (CT)

Integrity Education recognises all previously attained current qualifications and/or statements of attainment issued by another RTO or University.  If you have previously studied and successfully obtained a unit of competency that is contained in one of Integrity Educations courses you will be awarded with a credit transfer.

How do I apply?

To apply for Credit transfer please email a certified copy of your transcript/s to info@integrity.edu.au. All applications for credit transfer are processed within 5 working days.  Integrity Education does not charge any fee for credit transfers.

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