PLEASE READ:  DIPLOMA COURSE UPDATE INFORMATION New students wishing to enrol in the current FNS50315 Diploma course may still do so, provided they are aware and acknowledge that course assessments must be submitted prior to 31/12/2021 and no time extensions will be possible.  Our FNS50315 Diploma qualification is currently being updated to an FNS50320 Diploma following compulsory TGA changes required, as endorsed by the Australian Industry and Skills Committee (AISC).  Due to these updates, we will be accepting FNS50315 assessment submissions only until the 31st of December 2021.  Some students may have had allocated completion dates prior to this, and those earlier dates will remain in place.  With a 31/12/2021 completion date for all students studying the FNS50315 Diploma course, whether this is the Diploma upgrade course or the Full Diploma course, we recognise that this may result in a completion period of less than the originally advised course completion time.  If you are currently studying the FNS50315 Diploma course and do not anticipate being able to submit your assessments prior to 31/12/2021, transitions will be made available but this will involve additional study and assessment requirements.
Designed and developed in consultation with industry experts, this nationally recognised comprehensive course is recognised by the MFAA, FBAA and ASIC and by lenders and aggregators alike. There are 2 course options:
  1. Upgrade Diploma - the Certificate IV (eg. FNS40804, FNS40811 or FNS40815) is a pre-requisite if choosing the Upgrade Diploma course. The Upgrade Diploma is available for those seeking to broaden the scope of their existing residential broking skills providing additional depth of understanding of both risk management skills and commercial lending.
  2. Full Diploma - there are no pre-requisites if choosing the FULL Diploma course. Students will study 2 Modules, the first focuses on residential lending and the second focuses on commercial lending.  Click here for information on the Full Diploma for students not wishing to complete the Certificate IV separately.
The following 7 units of competency are covered in this FNS50315 Upgrade Diploma course. The remaining 8 competencies required for a full Diploma qualification are covered as part of the NFI pre-requisite FNS40815 Certificate IV.
  • BSBRSK401 Identify risk and apply risk management processes
  • FNSFMB502 Identify and develop complex broking options for client
  • FNSFMB503 Present broking options to client with complex needs
  • FNSFMB504 Implement complex loan structures
  • BSBSUS501 Develop workplace policy and procedures for sustainability
  • FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations
  • FNSRSK602 Determine and manage risk exposure strategies

Click here for a Fact Sheet on the Upgrade Diploma course.

Click here for a Fact Sheet on the Full Diploma course.

Click here for the MFAA's education requirements for membership.

Study options and pricing:

  • A 2-day live Zoom virtual workshop (small groups to allow for individualised attention, $1145). Click here to see Scheduled Dates
  • Distance learning (correspondence study with hard copy of course material express mailed), $845
  • Online learning (at home study via NFI's online course platform), $645
  • Recognition of Prior Learning (RPL) for experienced lenders/loan officers/brokers/consultants, $695 if Cert IV already held (or $895 for Cert IV + Diploma RPL together).
    • Click here for RPL form where a Certificate IV and/or Upgrade Diploma certificate is required
    • Click here for RPL form where a single Full Diploma certificate is required and a Certificate IV is not held nor required
The study of the Diploma course has been developed for:
  1. People currently working for, or as, a mortgage broker or similar who are looking to formalise or expand their skills in order to offer clients commercial lending options;
  2. People who believe they would enjoy working in the mortgage broking industry and are looking to gain not only the formal qualification but additional knowledge to expand their future company's scope;
  3. People who currently hold a Cert IV and want to undertake the Diploma in order to comply with their aggregator's or the MFAA's  minimum education requirements;
  4. People outside the industry who are considering entering the mortgage broking or lending industry in an advanced capacity in order to have the option of increasing their income from broking.
Completion periods - The structure of our courses is such that the they can be completed as quickly or as slowly as a trainee prefers within the allocated time. 
  • UPGRADE DIPLOMA -Trainees have 6 months in which to complete the FNS50315 Upgrade Diploma course. This completion period for the Upgrade Diploma assumes the trainee already holds an FNS40815 Certificate IV or equivalent qualification and is seeking to complete only 7 units as part of the Upgrade Diploma.
  • FULL DIPLOMA - Trainees have 12 months to complete the Full Diploma course.  Full Diploma covers both residential and commercial lending/management topics.
  • PACKAGE OPTION - Trainees undertaking the FNS40815 Certificate IV and FNS50315 as a package, will have 6 months to complete the Certificate IV, then an additional 6 months to complete the Diploma, if required.

Quick links to Diploma course forms:


Private tuition is available for trainees already enrolled in the Certificate IV or the Diploma of Mortgage Broking. Delivered either by phone or visually by Skype, one of our trainers can be booked for a one-on-one hour of private training. Frequently used by some trainees if experiencing difficulty with their assignments, in particular for the Diploma level assignments. This option is $140 p.h.

Click here for information on what Government financial assistance may be available to you.

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