Diploma of Finance and Mortgage Broking Management

Diploma of Finance and Mortgage Broking Management 2018-11-07T16:07:57+00:00

Course Information

Course Code:        FNS50315
Course Name:      Diploma of Finance & Mortgage Broking Management
Duration:              12 Months
Fee Options:        Fee for Service / Victorian Government Funding

The FNS50315 Diploma of Finance and Mortgage Broking Management meets and surpasses the minimum qualification required to become a Mortgage Broker in Australia as set out in Regulatory Guideline 206 (206) issued by the Australian Securities and Investment Commission (ASIC).

The Diploma is ideal for experienced Brokers seeking to expand their service offering in the areas of commercial, asset finance and complex lending structures.  Equally, the Diploma may be a suitable entry level for experienced Financial Services Professionals looking to make the career transition from Banker to Broker.

Course Modules

  • Foundations of Professional Practice
  • Loan Fundamentals
  • Complex Loans
  • Industry Risk Solutions
  • Relationship Essentials (Referrals & Prospecting)
  • Managing the Business

Membership to the MFAA requires members to complete the FNS50315 Diploma of Finance and Mortgage Broking within 12 months of joining.

Diploma Upgrade pathway

Do you already hold the Certificate IV in Finance and Mortgage Broking?

If yes, you are eligible to receive between 4-5 CREDITS towards the Diploma qualification. Integrity’s Team will let you know how many credit transfers you will be awarded based on your previous studies and are happy to do so over the phone (03 8535 3170).

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.  Students who already hold the FNS40815 Certificate IV in Finance and Mortgage Broking (or equivalent) can enrol directly into the FNS50315 Diploma of Finance and Mortage Broking Management Upgrade module.

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

Brokers help ordinary Australians achieve their dream of home ownership in an ever increasingly complex and confusing lending environment.  The FNS50315 Diploma of Finance and Mortgage Broking Management provides various employment opportunities such as:

  • Mortgage Broker
  • Senior Loan Processor/Writer
  • Mortgage Broker Mentor
  • Senior Lending Officer
  • Credit Analyst
  • Broker Support Manager (Aggregator or Franchise Model)

Education Pathways

The FNS50315 Diploma of Finance and Mortgage Broking Management is ideal for Brokers seeking knowledge and skills to help them expand their service offering in to areas such as commercial lending, asset finance and complex lending structures.

The Diploma also meets the Mortgage and Finance Association of Australia (MFAA) requirements of its Members to attain the Diploma 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.

SATURDAY October Full Diploma Workshops

Day 1 -Foundations of Professional Practice 6th October
Day 2 – Loan Fundamentals 20th October
Day 3 – Loan Fundamentals 17th November
Day 4 – Complex Lending and Broking 9th February
Day 5 – Practice Management – Strategic Planning, & Marketing 2nd March
Day 6 – Practice Management – Practice Development (Growth) 23rd March

SATURDAY November Full Diploma Workshops

Day 1 -Foundations of Professional Practice 17th November
Day 2 – Loan Fundamentals 1st December
Day 3 – Loan Fundamentals 15th December
Day 4 – Complex Lending and Broking 9th February
Day 5 – Practice Management – Strategic Planning, & Marketing 2nd March
Day 6 – Practice Management – Practice Development (Growth) 23rd March

November Diploma Upgrade 

Day 1 – Complex Lending and Broking 27th November
Day 2 – Practice Management – Strategic Planning, & Marketing 28th November
Day 3 – Practice Management – Practice Development (Growth) 29th November

January Diploma Upgrade 

Day 1 – Complex Lending and Broking 29th January
Day 2 – Practice Management – Strategic Planning, & Marketing 30th January
Day 3 – Practice Management – Practice Development (Growth) 31st January

February Diploma Upgrade – SATURDAY 

Day 1 – Complex Lending and Broking 9th February
Day 2 – Practice Management – Strategic Planning, & Marketing 2nd March
Day 3 – Practice Management – Practice Development (Growth) 23rd March

Course Fees

Enrolment into the Diploma of Finance & Mortgage Broking Management is $1,195 and the upgrade modules 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

The FNS50315 Diploma of Finance and Mortgage Broking consists of 15 units of competency :

FNSFMK505 Comply with financial services regulation and industry codes of practice
FNSINC401 Apply principles of professional practice to work in the financial services industry
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
FNSFMB502 Identify and develop complex broking options for client
FNSFMB503 Present broking options to client with complex needs
FNSFMB504 Implement complex loan structures
FNSRSK502 Assess risks
BSBRSK401 Identify risk and apply risk management processes
FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers
FNSPRM605 Establish or review marketing, client services and supplier relationships
FNSPRM602 Improve the practice
FNSPRM603 Grow the practice
 FNSSAM503 Monitor market opportunities

 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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