The "FULL Diploma" - no pre-requisites

Our nationally recognised Diploma course is for individuals seeking the more advanced knowledge and skills required to be a professional finance or mortgage broker, offering services which may include commercial lending. There are 2 course completion options:

  • Upgrade Diploma - Click this link for the Upgrade Diploma - suitable for individuals who already hold the Certificate IV qualification, or are underway, and are now seeking the higher Diploma qualification
  • Full Diploma - suitable for individuals who do not have nor need a Certificate IV qualification and wish to pursue only a Diploma qualification. Information below reflects the Full Diploma option.

FNS50322 DIPLOMA - 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 within the mortgage and finance broking industry alike. There is no pre-requisite for this full Diploma course.

The Diploma of Finance & Mortgage Broking Management is available for those seeking to learn both residential lending skills and commercial lending skills. It is designed to provide additional depth of understanding around risk, management, sustainability and complex lending.  This qualification reflects management roles in finance and mortgage broking where work is undertaken independently, through an aggregator, or involves managing a workplace team. At this level individuals are expected to apply theoretical knowledge and specialised skills in a range of situations and to display initiative and judgement in planning activities.

Students who already hold a current Certificate IV in Finance & Mortgage Broking need only complete the Upgrade Diploma. Information on the Upgrade Diploma can be found if you click here.  Students with earlier versions are provided with a complementary Gap Training Module.

To gain the Full Diploma FNS50322 qualification, students must complete 15 units - 10 core units and 5 pre-selected elective units, as follows:

Core Units:

FNSCUS511    Develop and maintain professional relationships in financial services industry
FNSFMB411   Prepare loan applications on behalf of clients
FNSFMB412   Identify client needs and present broking options
FNSFMB512   Identify and develop credit options for clients with special financial circumstances
FNSFMB513   Present credit options to clients with special financial circumstances
FNSFMB514   Implement complex loan structures
FNSFMK515   Comply with financial services regulation and industry codes of practice
FNSINC411     Conduct work according to professional practices in the financial services industry
FNSINC514    Apply ethical frameworks and principles to make and act upon decisions
FNSRSK511   Undertake risk identification

Pre-selected Elective Units:

FNSRSK512   Assess Risk
BSBSUS511    Develop workplace policies and procedures for sustainability
FNSINC412   Apply and maintain knowledge of financial products and services
FNSFMB511  Implement credit contracts in preparation for settlement
BSBPEF501   Manage personal and professional development

Click here for a Fact Sheet.

Study options and pricing:

  • An optional 5-day workshop - these are presented as 3 days focusing on the Certificate IV residential lending plus 2 days focusing on the Upgrade Diploma's commercial lending ($2140) and includes full online access. Click here to see Scheduled Dates
  • Distance learning - online access plus a printed copy of the course manual, express mailed, $1249
  • Online learning - at home study via NFI's online course platform, $1049
  • RPL - Recognition of Prior Learning - for experienced lenders / loan officers / brokers / consultants, $849. Click here for RPL form.
  • Package Option - Cert IV course plus Upgrade Diploma course as a dual qual package, (see fact sheet here), online option $1240

Suitability - the Full 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 residential and 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 company's scope;
  3. People who do not currently hold a Cert IV and prefer to go straight to a Diploma qualification in order to comply with the MFAA's longer term education requirement for membership or aggregator/lender 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 offering both residential and complex lending options to clients.

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

The suitability of this course should include self-determination of sufficient English language, numerical and digital literacy, as are necessary for a role in finance.

DURATION:  12 months is available, if required, to complete the Full Diploma course by study.  However, the course is self-paced so your pathway goal to faster completion may be achievable if you have existing competencies or if studying at a rate higher than 20 hours per week.  Students with skills or experience in finance frequently find the course can be completed ahead of the twelve months available.

More Information

Please refer to the Fact Sheet for further information regarding this course.

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