Cert IV in Finance and Mortgage Broking

The Certificate IV in Finance and Mortgage Broking (FNS40815) is designed for IPA members wanting to expand their provision of services into the finance and mortgage broking industry.

As the environment surrounding the accounting profession constantly changes, we're continually challenged by the processes of operating our everyday businesses.  We know that technology, the ATO's automation activities, the regulatory environment that surrounds financial services and other disruptors will influence what IPA members do in the future.

With this background in mind, there’s no better time to consider your future business and the great opportunities to diversify into new areas that will add value and deliver further income streams to your practice.

This course is ideal if you're considering a career in the finance and mortgage broking sector, or if you're already in the field and want to attain an accredited qualification that meets ASIC’s national education requirements, as mandated in ASIC’s RG206.

The IPA is proud to offer this course in partnership with Mentor Education (RTO 21683). Established in 2002, Mentor is one of the longest established, reputable Australian owned and operated, RG146 compliance training providers in Australia.

The Certificate IV in Finance and Mortgage Broking is open access with students not required to hold any prior qualifications. However, it is suggested that interested members are proficient in both numeracy and literacy in order to successfully complete this course.

Who Should Enrol?
This program has been tailored to successful officers, responsible managers and mortgage brokers who wish to offer finance and mortgage broking services. It has a strong practical, experiential focus that encourages the application of principles.

Click here to apply and enrol

Course Outcomes
This qualification complies with the initial education requirements of Section 47(1)(f) of the National Consumer Credit Protection Act 2009 (National Credit Act), which places responsibility on the licensee to gain and maintain their competence to provide the credit activities authorised by the licence.

This course assist you to:

  • Assess client loan applications
  • Successfully guide clients through the loan application process
  • Provide relevant skills that help with understanding legislation and code of practice obligations. 

Assessment activities are designed in line with best practice standards to enable you to deliver quality advice outcomes to your clients.

There are three different assessment stages:

  • Multiple choice knowledge test
  • Assessment Tasks based on the practical application of concepts learned.
  • Skills assessment 

Course Costs
The Certificate IV in Finance and Mortgage Broking course fee is $488. The mode of study is via online education, allowing you to study at your own pace, and in the privacy of your home or office.  Full tutor and academic support is provided throughout the course.

Note that if you are a new student, studying an online course with Mentor Education for the first time, a non-refundable administration fee of $150 will be charged to provide you with access to the relevant learning modules.

Course Outline
The course gives you a comprehensive introduction into finance and mortgage broking, and a thorough overview of the intricacies involved in preparing and presenting a loan application including understanding current legislation and code of practice requirements.

  • Part 1 The Australian Economy
  • Part 2 The Australian Financial System
  • Part 3 Operating a Mortgage Broking Business
  • Part 4 Compliance Requirements
  • Part 5 The Credit Approval Process
  • Part 6 The Five C's of Credit Analysis
  • Part 7 Principles of Professional Management
  • Part 8 Resolving Conflict
  • Part 9 Time Management and Personal Development
  • Part 10 Risk Management

Core Units

FNSCRD301 Process applications for credit
  • FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients
  • FNSFMB402 Provide finance and mortgage broking services
  • FNSFMB403 Present broking options to client
  • FNSFMK505 Comply with financial services legislation and industry codes of practice
  • FNSINC401 Apply principles of professional practice to work in the financial services industry
  • FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
  • BSBITU306 Design and produce business documents

Elective Units

FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers
  • BSBWOR501 Manage personal work priorities and professional development
  • FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry
  • BSBCUS403 Implement customer service standards

Click here to apply and enrol

Introducing NAB's Mortgage Solutions
NAB, through MLC Mortgage Solutions, and the IPA have come together to create a more complete financial offering for your clients. MLC Mortgage Solutions conducts a finance broking business featuring specialist brokers. By simply referring your clients to a specialist broker, you can help them with their finance needs and at the same time create an additional revenue stream for your business.

For more information on this exciting offer, please visit the dedicated NAB member offer area on our website.