Are you a wanting to become a mortgage broker and receive your RG 206 compliance?
Do you want to upskill and receive an industry recognised qualification from a leading education provider?
Is it time to invest in your education and become a mortgage broker with a competitive edge?
Kaplan’s Certificate IV in Finance and Mortgage Broking (FNS40815) is for those wanting a career in the finance and mortgage broking industry. This course is ideal for new entrants to the mortgage broking industry and those currently providing mortgage broking services and looking to gain a formal qualification while meeting the education requirements outlined in ASIC’s RG 206.
Note: If you wish to attain Associate Credit Adviser (ACA) or Credit Adviser (CA) membership with the Mortgage & Finance Association of Australia (MFAA) you will need to complete the Diploma of Finance and Mortgage Broking Management (FNS50315). Please review the educational requirements on the MFAA website for further information.
The Certificate IV in Finance and Mortgage Broking (FNS40815) offers:
Click here to download the course outline.
Students who successfully complete the Certificate IV in Finance and Mortgage Broking (FNS40815) will be awarded units of competency. Students can then choose to enrol into the Diploma of Finance and Mortgage Broking Management (FNS50315) course consisting of one subject, the Diploma Upgrade Module.
Upon successful completion of this qualification, students should be able to:
Units of competency
|Code||Title||Core or Elective||Type of Assessment|
|FNSCRD301||Process applications for credit||Core||Assignment|
|FNSFMB401||Prepare a loan application on behalf of finance or mortgage broking clients||Core||Assignment|
|FNSFMB402||Present the services, values and capacity of the organisation to clients and confirm client understanding of fees and charges||Core||Assignment|
|FNSFMB403||Present broking options to client||Core||Assignment|
|FNSFMK505||Comply with financial services legislation and industry codes of practice||Core||Exam|
|FNSINC401||Apply principles of professional practice to work in the financial services industry||Core||Assignment, Exam|
|FNSINC402||Develop and maintain in-depth knowledge of products and services used by an organisation or sector||Core||Assignment, Exam|
|BSBITU306||Design and produce business documents||Core||Assignment, Exam|
|BSBCUS301||Deliver and monitor a services to customers||Elective||Assignment, Exam|
|BSBCUS402||Address customer needs||Elective||Assignment, Exam|
|FNSSAM403||Prospect for new clients||Elective||Assignment, Exam|
|FNSFMB501||Settle applications and loan arrangements in the finance and mortgage broking industry||Elective||Assignment, Exam|
Enrolment into the Certificate IV in Finance and Mortgage Broking (FNS40815) is $585 (GST exempt).
For additional study-related fees, please click here.
Individuals who enrol into the Certificate IV in Finance and Mortgage Broking (FNS40815) will have a total of 26 weeks to complete the qualification from their initial enrolment date.
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 firstname.lastname@example.org.
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To successfully complete this course, learners will require basic computing skills. This may include:
You may enrol into this course at any time and begin studying immediately on enrolment.
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.
Students who are successfully awarded the Certificate IV in Finance and Mortgage Broking (FNS40815) can enrol in the Diploma of Finance and Mortgage Broking Management (FNS50315) course, consisting of one subject Diploma Upgrade Module
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.
The assessments for each course are listed below. Units of competency are co-assessed by topic within subjects, as listed in ‘Units of competency’.
|1 Exam||Supervised, open book multiple choice examination|
|1 Assignment||Two case studies with short answer questions|
Students may attempt the exam and/or submit their assignment at any time if they believe they are adequately prepared. Students will receive personal reminder emails as they approach their assessment deadlines.
The Certificate IV in Finance and Mortgage Broking assignment guides you through the loan application and settlement process.
You are required to complete short answer questions seeking evidence of ability to engage the client in all steps of the process, from the initial disclosures, through assessing the clients situation, to preparing their recommendation and completing the settlement process.
You must submit your assignment within 26 weeks of your enrolment date.
More detailed information about the assignments can be found in the course outline.
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 26 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.
Candidates who are successfully awarded the Certificate IV in Finance and Mortgage Broking (FNS40815) can seamlessly enrol in the Diploma of Finance and Mortgage Broking Management (FNS50315) course consisting of one subject, the ‘Diploma Upgrade Module’. The Diploma Upgrade Module focuses on business, commercial and premium client lending.
Candidates who meet all the course requirements will be able to seek work in the financial services industry 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.
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