Are you currently working in the mortgage broking industry and want to meet the RG 206 compliance requirements while obtaining professional training?
Do require a further understanding of commercial, business and premium client lending?
Do you want to attain Credit Adviser (CA) or Associate Credit Adviser (ACA) status with the Mortgage & Finance Association of Australia (MFAA)?
Kaplan’s Diploma of Finance and Mortgage Broking Management (FNS50315) is for those wanting a career in the finance and mortgage broking industry. This course will provide an understanding of some of the critical aspects in the finance and mortgage broking industry while meeting the licensing requirements for mortgage brokers outlined in ASIC’s Regulatory Guide 206 (RG 206).
Kaplan’s Diploma of Finance and Mortgage Broking Management (FNS50315) offers:
This qualification is recognised by the Mortgage & Finance Association of Australia (MFAA) and the Finance Brokers Association of Australia (FBAA). Kaplan is a preferred qualification provider for the MFAA. Completion of this qualification fulfils the education requirements to meet Credit Adviser (CA) or Associate Credit Adviser (ACA) status with the MFAA. Please review the educational requirements on the FBAA and MFAA websites for further information.
Students who have not completed the Certificate IV in Finance and Mortgage Broking (FNS40815) may enrol directly into this course.
Students who have already completed the Certificate IV in Finance and Mortgage Broking (FNS40815) may enrol directly into the ‘Diploma Upgrade Module’.
This course comprises of two subjects with five modules:
Certificate IV in Finance and Mortgage Broking
Diploma Upgrade Module
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Diploma of Finance and Mortgage Broking Management (FNS50315)
There are no entry requirements to enrol directly into the Diploma of Finance and Mortgage Broking Management (FNS50315) qualification.
Diploma Upgrade Module
The entry requirement for this course is completion of a Certificate IV in Finance and Mortgage Broking (FNS408015) (or equivalent) in the Financial Services Training Package FNS10 or Financial Services Training Package FNS.
The entry requirement can be met by evidence of equivalent competency through mutual recognition (MR), recognition of prior learning (RPL) or recognition of current competency (RCC).
Please see information regarding our exemption service.
Note: If your previous study was obtained outside of Kaplan or you are seeking an RCC exemption, an exemption fee may apply to satisfy the entry requirements into this course. Refer to our fees document for further information regarding Kaplan’s exemption fees.
Language, Literacy and Numeracy (LLN) requirements
This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.
If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email email@example.com.
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To successfully complete this course, learners will require basic computing skills. This may include:
You may be exempted from studying a subject or the full qualification based on your previous training, study and or work experience.
To find out if you are eligible to receive exemptions refer to our exemptions page.
To access Kaplan’s policies please click here.
Candidates who meet all the course requirements will be able to seek work in the financial services in a finance and mortgage broking related role.
Continuing professional development (CPD) of your knowledge and skills is essential to remaining compliant under ASIC’s Regulatory Guide 206 (RG 206). ASIC has specified that representatives offering mortgage broking services must undertake 20 hours of CPD each year. CPD requirements for MFAA membership are set over and above ASIC requirements of 20 hours per year.
Kaplan offers CPD training for finance and mortgage brokers through Ontrack — our online CPD platform — which delivers monthly multimedia training, along with tracking and reporting capabilities.
Kaplan’s CPD training is recognised and accredited by the FBAA and MFAA. Please review the educational requirements on the FBAA and MFAA websites for further information. To learn more about our ASIC RG 206 compliance offerings, visit the CPD page for more information, or contact our CPD support team on 1300 527 526
The Diploma of Finance and Mortgage Broking Management (FNS50315) consists of two subjects:
Subject 1: Certificate IV in Finance and Mortgage Broking
Subject 2: Diploma of Finance and Mortgage Broking Management – Upgrade Module
The maximum timeframe for completing each subject is 26 weeks from the subject activation date.
The maximum timeframe to complete the qualification is two (2) years from the activation date of subject 1.
Upgrading from the Certificate IV in Finance and Mortgage Broking (FNS40815) qualification
Students who are upgrading from the Certificate IV in Finance and Mortgage Broking (FNS40815) and are enrolling into the ‘Upgrade Module’ only, have a maximum of 26 weeks from the subject activation date.
This course is delivered online via Kaplan’s learning management system KapLearn.
You will receive login details to KapLearn on enrolment. When you log on to KapLearn you are able to access the subject notes, assessments, additional learning materials such as media, case studies, practice activities and your online tutor.
Assessments are accessed and submitted through KapLearn.
Corporate clients should contact our Corporate Solutions Representative on
1300 728 505 to discuss face-to-face delivery options and how we can tailor our training to your business needs.
Direct enrolment into the Diploma of Finance and Mortgage Broking Management (FNS50315) is $1090 (GST exempt).
Enrolment into the Diploma Upgrade Module from the Certificate IV in Finance and Mortgage Broking (FNS40815) is $585 (GST exempt).
For additional study related fees, please click here.
If you are enrolling directly into the Diploma of Finance and Mortgage Broking Management (FNS50315), you will need to complete:
Certificate IV in Finance and Mortgage Broking
Diploma Upgrade Module
If you are upgrading from the Certificate IV in Finance and Mortgage Broking (FNS40815), you will only need to complete:
The Diploma of Finance and Mortgage Broking Management assignment template is divided into two sections. You must complete both sections of the assignment.
The first section assesses you on complex lending and broking. You have the choice of selecting one of three available case studies for this section, with each one focusing on a different lending scenario: Investment Property Finance, Commercial Equipment Finance, or Commercial Premises Finance.
The second section assesses you on the business management skills you have learned from the material provided.
You must submit your assignment within 12 weeks of your enrolment date.
If your first submission is deemed ‘not yet competent’ you are required to resubmit it. You will only need to resubmit the question(s) that do not have the demonstrated knowledge requirement. If a resubmission is required, it must be within 16 weeks of your enrolment date.
Kaplan’s exams are open book multiple-choice exams where emphasis is placed on the application of knowledge.
You must sit your first exam within 12 weeks of your enrolment date.
To achieve an overall grade of ‘competent’ in the exam, you must achieve the nominated pass mark for each module in the exam. If you are deemed ‘not yet competent’ for a module, you are provided with a resit and are only required to attempt that module in the resit. If a resit is required, it must be within 16 weeks of your enrolment date.
You can sit your exam while being supervised in your workplace or at a Kaplan office.
Click here for Kaplan office exam times and venues.
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Click here to download a brochure for this course.