Diploma of Finance and Mortgage Broking Management
The Australian College of Professionals conducts a training program for people to undertake an in-depth study of Mortgage Broking. These are practical-based workshops which provide course participants with opportunities to acquire and practice new skills in the mortgage broking industry.
Face to Face
$1,000
Online
$900
As a minimum requirement, most lenders now require you to become a member of the industry associations such as the MFAA (Mortgage & Finance Association of Australia) or the FBAA (Finance Brokers Association of Australia). Upon successfully completing the Certificate IV you will have the qualification required for membership to the FBAA for the Accredited Mortgage Broker membership. However, the MFAA requires its members to hold the Diploma of Finance and Mortgage Broking Management qualification.
Both of these industry bodies may require you to meet other requirements, which may include completion of further training which is only offered by these industry associations.
In addition to the Certificate IV qualification, students may complete further training to achieve the Diploma qualification. This is an upgrade course. The College will need to view transcripts of your Certificate IV in Finance and Mortgage Broking if you completed this qualification with another training organisation.
Units of Competency
The remaining eight (8) Units of Competency required to obtain the necessary skill set a achieve the FNS50322 Diploma of Finance and Mortgage Broking Management are:
Identify and develop credit options for clients with special financial circumstances
FNSFMB513Present broking options to client with special financial circumstances
FNSFMB514Implement complex loan structures
FNSINC514Apply ethical frameworks and principles to make and act upon decisions
Undertake risk identification
FNSPRM613Grow financial practices
FNSRSK612Determine and manage risk exposure strategies
BSBSUS511Develop workplace policy and procedures for sustainability
A previous (superseded) Diploma of Finance and Mortgage Broking Management or demonstrated skills and experience within the Mortgage Broking industry can be assessed via our Recognition of Prior Learning (RPL) process for this qualification. Our Assessors can work with you in providing advice for the collection of your evidence of competency and identify the training that is required for you to meet all of the requirements to achieve this qualification. If you think you may be eligible for RPL, please contact the College on 1300 88 48 10 for further information, or send us an email to enquiries@acop.edu.au
This Diploma level qualification is the minimum requirement for membership of the MFAA.
Frequently Asked Questions (FAQs)
Still have questions? Browse our FAQs or contact ACOP.
Complete our online enrolment form HERE.
Please ensure that you enrol with a unique email address. If the email address you provide is already in use by another person (for example, a colleague), the system will not be able to create your own Student Portal login.
Online = $900
This course is offered face-to-face or online.
The Diploma of Finance and Mortgage Broking Management is conducted over two (2) day workshops. You can download our calendar to review our upcoming face to face dates.
For face to face assessments and online study, you will be provided with a username and password to access your course through our online Student Portal system.
It is important to ensure that you store your login details safely as you can log in and out of your portal at any time.
Please note that although our online training portal is compatible with mobile phones, some of the assessment activities relating to the completion of forms can only be accessed through the Adobe Reader Program, which means that you will be required to complete these aspects of your training using a computer, laptop or tablet.
For online study, hard-copy versions of the online content are available for purchase. If you would like a hard copy of the course content posted to you, this can be organised at a cost of $66 inc GST per course.
Recognition of Prior Learning (RPL) for seven (7) of the fifteen (15) Units of Competency required for the Diploma will be granted to those course participants who:
- have achieved the award of FNS40821 –Certificate IV in Finance and Mortgage Broking or its equivalent
AND - have been actively working in the mortgage broking industry for at least twelve (12) months in the past year and can provide written references to support this industry experience
Prior to undertaking the upgrade Diploma of Finance and Mortgage Broking Management, students are required to complete the Certificate IV qualification first.
Click HERE to read further information on the Certificate IV in Finance and Mortgage Broking
