FNS50315 Diploma of Finance and Mortgage Broking Management

FNS50315 Diploma of Finance and Mortgage Broking Management

Full Course

Gov. Funded $974 $690 $575 N/A
Non Gov. Funded $2070 $1606 $1434 $1150

Diploma Upgrade

Gov. Funded $525 $345 $287 N/A
Non Gov. Funded $1149 $870 $801 $1150

This course has been endorsed by the Australian National Training Authority and is registered on the Scope of Registration for Skill Solutions RTO number 22185.

This course is also accepted by the peak bodies in the finance industry and is also accepted by Australian Securities Investment Commission (ASIC) as the entry education requirement for Mortgage Brokers.

Individuals with disabilities are encouraged to apply
This training may be delivered with Victorian and Commonwealth government funding

Delivery Methods

nationally_recognised_training-logoFace to Face (FTF)
Face to Face (FTF) is simply learning within a classroom setting. Skill Solutions believes this is the best type of learning, especially for students new to the industry.

With our lives becoming so busy and with the amazing technology available to all students we are pleased to invite our students to complete their learning online.

Skill Solutions will vet all candidates to assess the suitability for this learning mode.

Distance / Correspondence
Perhaps an easy way to describe distance learning is to describe it as Correspondence learning. The trainer after receipt of payment will be sent all the training materials along with the assessments and then will have access to a trainer. This does seem to suit some students quite well.

Recognized Prior Learning (RPL)
This type of learning will suit someone who has already got experience in the Mortgage Broking or Banking industry. In short the RPL course is designed for anyone who can prove that the are competent in all of the Performance Criteria.
To see if you would be eligible for this course it would be preferential for you to call Skill Solutions and speak with a trainer or enquire through enrol@skillsolutions.com.au

Session Date Venue Duration
November Course Dates:
1 Monday 21st November 2016 Skill Solutions; Suite 5.06, 7 Jeffcott Street, West Melbourne 3003 9.00am – 5.00pm

Diploma Upgrade  Venues
Our FTF courses are generally held either in a Training Room in the City of Melbourne or nearby. The actual venue of the course is generally decided by determining the preference where possible of the students. For further information on the proposed Venue you would need to contact the office and speak to anyone about the venue of your proposed course.

Price List
Refer to our Fee Schedule

This qualification reflects management job roles in finance and mortgage broking, including roles that are independent, undertaken through an aggregator, or involve managing a workplace team.

Pathways Information

Pathways for candidates entering this qualification include:

  • Certificate IV in Finance and Mortgage Broking

Pathways From this Qualification

A further learning pathway could be study in relevant higher education programs.

Preferred Entry Requirements are:

1. Must be 18 years of Age
2. Must be Australian Citizen or Permanent Australian Resident
3. Must be willing to undergo a Police Check
4. Must be a non Bankrupt
5. Must have a commitment for a professional work ethic
6. Must be able to commit to lessons and dates
7. Must have good communication skills
8. Must complete a Literacy and Numeracy test- at an ACSF Level entrance IV
9. Must have basic computer knowledge
10. Must demonstrate an understanding of the Role of the Mortgage Broker
11. Must demonstrate financial viability and commitment

Licensing/Regulatory Information
There is no direct link between this qualification and licensing, legislative and/or regulatory requirements. However, where required, a unit of competency will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit.

Entry Requirements
Not Applicable


We allow up to 12 months to complete this course, although your actual completion time may be less depending on prior experience and Education related to the Industry.

Employability Skills Summary
The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.

Employability Skill Industry/enterprise requirements for this qualification include:
  • building trust and a rapport with clients
  • developing and writing reports to specifications
  • documenting clients’ complex or special needs to protect interests of clients and broker
  • interpreting client requirements and tailoring products to meet their needs
  • preparing and presenting correspondence in appropriate electronic format
  • presenting complex information to the client
  • questioning, listening and clarifying clients’ requirements
  • using effective telephone techniques and having the ability to negotiate solutions with clients and colleagues
  • using excellent customer service skills and maintaining an ongoing relationship with clients
  • using excellent interpersonal skills to meet a client’s personal needs
  • conducting performance appraisals
  • consulting other financial services professionals as required
  • coordinating actions with other professionals
  • making constructive contributions to group decision making processes
  • managing the process of monitoring and reviewing team performance
  • providing feedback, support and encouragement to team members
Problem solving
  • checking the accuracy of calculations
  • conducting trend and risk analyses including product modelling
  • determining security protocols
  • identifying and resolving inconsistencies in information
  • identifying OHS hazards and risk control
  • planning for contingencies and using problem solving techniques to resolve workplace issues
  • testing strategic assumptions
  • undertaking risk identification, evaluating risk controls and conducting probability assessments
Initiative and enterprise
  • analysing, modelling, prioritising and measuring risk loan structures/options
  • aligning customer characteristics to ‘best product’
  • continuously reviewing and applying emerging industry trends to product and service knowledge
  • generating a range of options for clients to consider
Planning and organising
  • coordinating people, resources and or equipment to achieve optimum results
  • creating action plans for complex loans to meet timelines and priorities
  • establishing and maintaining records
  • undertaking research and developing complex solutions
  • acting as a role model for others
  • managing own time and priorities and dealing with contingencies
  • planning one’s work schedule and monitoring and evaluating own work performance
  • understanding own work role and working within it
  • working ethically and complying with all industry codes of practice and legislative requirements
  • adapting to change in technology and/or work practices
  • developing and maintaining personal competency
  • following workplace safety procedures
  • identifying and encouraging opportunities for professional development
  • seeking assistance and expert advice on behalf of clients
  • applying technology through the utilisation and application of computers, organisational software, organisational templates and telecommunication devices
  • conducting web searches to research information
  • using business technology to access, organise and monitor information

Packaging Rules
15 units must be achieved:
10 core units plus 5 elective units.

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

Core Units of Competency:

  • FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers
  • 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
  • FNSFMK505 Comply with financial services legislation and industry codes of practice
  • FNSINC401 Apply principles of professional practice to work in the financial services industry
  • BSBRSK401 Identify risk and apply risk management processes

Elective units offered by Skill Solutions:

  • FNSINC402 Develop and maintain in depth knowledge of products and services used by an organisation or sector
  • FNSCRD301 Process applications for credit
  • FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry
  • FNSPRM603 Grow the practice
  • BSBWHS303 Contribute to WHS hazard identification and risk assessment