FNS40804 Certificate IV in Financial Services (Finance/Mortgage Broking)

The Certificate IV in Financial Services (Finance/Mortgage Broking) qualification is ideal for those seeking to become recognised and qualified finance/mortgage brokers. Written by industry specialists, the qualification gives you an excellent understanding of critical aspects of the finance and mortgage broking industry, enabling you to offer sound advice to clients.

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Who Should Enrol

This qualification is recognised by the Mortgage and Finance Association of Australia (MFAA) as entry level training and is ideal for:

  • aspiring finance/mortgage brokers
  • those seeking to achieve Accredited Mortgage Consultant (AMC) status
  • those aspiring to practise finance broking in WA and therefore required to obtain the required qualification (WA candidates need to enrol in the Finance Broking subject).

What would I achieve upon completion?

Upon successful completion this qualification, you should be able to:

  • understand the critical functions of a finance or mortgage broker
  • understand the regulatory framework surrounding the industry
  • gain exposure to various loan products
  • gain AMC status (note: other requirements must also be met, see MFAA website for further details)
  • meet WA licensing requirements (if Finance Broking subject is chosen)
  • attain a qualification that is recognised by industry bodies including the MFAA, the Finance Brokers Association of Australia (FBAA) and the Australian Institute of Mortgage Brokers (AIMB).

Employability Skills

Employability Skills are embedded in training and assessment. Information on the Employability Skills relevant to your qualification can be obtained by visiting http://employabilityskills.training.com.au and keying in the national code for the qualification (FNS40804).

Prerequisites

There are no prerequisites required for enrolling in this qualification.

Qualification Structure and Subjects

The Certificate IV in Financial Services (Finance/Mortgage Broking) qualification comprises:

Subject Learning Outcomes & Overview Subject Code
Mortgage Broking (all states except WA students) Download
MB
Finance Broking (WA students only) Download FB
Skills Assessment Brochure
Certificate IV Financial Services Workplace Skills Assessment

Download

As outlined in the learning outcomes and overview documents, the only difference between Mortgage Broking and Finance Broking subjects is that the latter includes an extra module, "WA Licensing Requirements", which makes it suitable only for those seeking to practise in WA.

Competencies

Download Kaplan’s Competency List to view the list of competencies you will achieve through successful completion of this qualification.

Qualification duration and delivery

See also: Timetables & Dates

This qualification can be studied via either:

  • Self-study – Delivered via distance education, subjects are self-contained with all the materials and resources needed to complete the subjects easily by self-study. Subjects can be commenced in the self-study mode at any time. The only requirement is for assignments to be submitted no later than four months from enrolment and you have up to six months from enrolment to sit the final open-book exam.
  • Intensive workshop – If a more structured learning environment is preferred, subjects are also available in a traditional classroom setting. This involves a period of essential pre-study followed by three days of workshops.

Assessment

To complete the subject, you must successfully complete:

  • an assignment

If you are unsuccessful in an assessment (Not yet competent), you will have the opportunity to resubmit your assignment once, please see the Assessment Policy for further details.

To successfully complete the qualification, you must also complete:

Recognition & Exemptions

Methods available:

Refer to Recognition & Exemptions for further information.

Qualification Fees

Costs vary depending on your choice of self-study or intensive workshop study.

Self-study:

  • Standard fee: $695 per subject
  • Finsia member: $625 per subject
  • WA students will also be required to pay an additional $75 for the self-study module Consumer Finance as part of the WA Licensing Requirements subject. 

Intensive workshop:

  • Total fee: $1,250 per subject
    ($695 per subject + $555 intensive workshop fee)
  • Finsia member: $1,130 per subject
    ($625 per subject + $505 intensive workshop fee)

Certificate IV Financial Services Workplace Skills Assessment

  • With client assessor at client premises: $130 per assessment
  • With a Kaplan assessor at a Kaplan office: $245 per assessment
  • With a Kaplan assessor at the client’s premises: $365 per assessment

Please see the Certificate IV Financial Services Workplace Skills Assessment brochure for detailed information about your assessment delivery options and related pricing.

Enrolment fee covers all subject materials, assignment marking, first sit examination supervision (if at Kaplan offices), examination marking and final certification upon successful subject completion.

Overseas Courier Surcharges

For those undertaking the qualification via distance education overseas, a surcharge is added to the enrolment fee to cover the higher dispatch costs.

Download the list of applicable overseas courier surcharges.

All prices are valid until 31 December 2008.

Enrolment and Further Information

Become a qualified Finance and Mortgage Broker.

PDF Download the Enrolment Form or Enrol Online 

Study Information

Refer to the following links for further information, or visit Study Information:

Timetables & Dates for Intensive Workshops  and Kaplan Office Exams
 Forms & Kits for all study related forms
Exam Information
Recognition & Exemptions

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