PLEASE READ:  DIPLOMA COURSE UPDATE INFORMATION

Our FNS50315 Diploma of Finance and Mortgage Broking Management qualification has been replaced by the FNS50320 Diploma, following compulsory government changes to the Financial Services Training Package, as endorsed by the Australian Industry and Skills Committee (AISC).  No further enrolments in the superseded FNS50315 are available however enrolments are welcome for FNS50320.

Students who were studying the FNS50315 course must have submitted their assessment submissions by 31st of December 2021.  Some students may have had allocated completion dates prior to this, and those earlier dates remain in place.  With a 31/12/2021 completion date for all students studying the FNS50315 Diploma upgrade course or the Full Diploma course, who wish to continue with their studies, and have not submitted their assessments, will need to transition to the FNS50320 Diploma.  Transitions will constitute some additional study and assessment requirements and possible extension fees, depending on original completion dates allocated.  New students wishing to enrol in the Diploma course may enrol into the FNS50320 Diploma course.

Students who submitted their FNS50315 Diploma assignments prior to our holiday closing period of 21/12/21 to 6/1/22 will be marked prior to 28th January 2022.


 

INFORMATION BELOW IS FOR EXISTING FNS50315 DIPLOMA STUDENTS ONLY, IN RELATION TO THE COURSE STUDIED.

To gain the Full Diploma FNS50315 qualification, trainees must complete 15 units – 10 core units and 5 pre-selected elective units, as follows:

Core Units:

  • BSBRSK401 Identify risk and apply risk management processes
  • 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 clients with complex needs
  • 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

Pre-selected Elective Units:

  • FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
  • 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
  • BSBWOR501 Manage personal work priorities and professional development

The course was 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 do not currently hold a Cert IV and want to undertake the Full Diploma in order to comply with the MFAA’s longer term education requirement for membership;
  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.

Trainees have until 31/12/2021 to complete their FNS50315 Full Diploma course.

 


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