FNS50315 Diploma of Finance and Mortgage Broking Management

FNS50315 Diploma of Finance and Mortgage Broking Management

Full Course

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

Packaging Rules
15 units must be achieved
10 core units plus 5 elective units.
Nominal Hours: 740

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

Core Units of Competency

National Code Name Nominal Hours
BSBRSK401 Identify risk and apply risk management processes 50
FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers 50
FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients 30
FNSFMB402 Identify client needs for broking services 40
FNSFMB403 Present broking options to client 40
FNSFMB502 Identify and develop broking options for clients with complex needs 60
FNSFMB503 Present broking options to client with complex needs 50
FNSFMB504 Implement complex loan structures 50
FNSFMK505 Comply with financial services regulation and industry codes of practice 80
FNSINC401 Apply principles of professional practice to work in the financial services industry 30


Elective units offered by Skill Solutions

National Code Name Nominal Hours
BSBITU306 Design and produce business documents 80
BSBWHS303 Participate in WHS hazard identification, risk assessment and risk control 50
FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry 30
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector 40
FNSPRM603 Grow the practice 60


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 no Bankrupt
5. Must have a commitment to 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

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

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 with monthly face to face workshops.

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 they 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 inquiry through enrol@skillsolutions.com.au

Gov. Funded N/A N/A
Non-Gov. Funded $2000 $1500

Diploma Upgrade

Gov. Funded N/A N/A
Non-Gov. Funded $125/UNIT $1200

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 studied in relevant higher education programs.

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.

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 an 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
  • checking the accuracy of calculations
  • conducting trend and risk analyses including product modeling
  • 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, modeling, prioritizing 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 utilization and application of computers, organizational software, organizational templates and telecommunication devices
  • conducting web searches to research information
  • using business technology to access, organize and monitor information