Course overview

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Are you a wanting to become a mortgage broker and receive your RG 206 compliance? 

Kaplan Professional’s FNS40815 Certificate IV in Finance and Mortgage Broking is for those wanting a career in the finance and mortgage broking industry. This online 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 FNS50315 Diploma of Finance and Mortgage Broking Management. Please review the educational requirements on the MFAA website for further information.

The FNS40815 Certificate IV in Finance and Mortgage Broking offers:

1. How to prepare and present loan applications
2. Strategies on how to present broking options to clients
3. Managing legislative and code of practice obligations.

Click here to download the course outline.

Individuals who successfully complete the FNS40815 Certificate IV in Finance and Mortgage Broking will be awarded units of competency. Individuals can then choose to upgrade and enrol into the FNS50315 Diploma of Finance and Mortgage Broking Management. 

Subject information

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Learning Outcomes

Upon successful completion of this qualification, students should be able to:

1. Accurately and efficiently evaluate and process credit applications
2. Identify and meet the needs of clients with finance and mortgage broking needs
3. Appropriately present broking options and solutions to clients
4. Develop productive relationships with clients
5. Apply knowledge of the financial services industry to their professional practice

Topics

• Topic 1-1: The industry and economy
• Topic 1-2: Legislation and codes of practice
• Topic 1-3: Products and services

• Topic 2-1: Organisations, teams and individuals
• Topic 2-2: Customer service
• Topic 2-3: Managing information

• Topic 3-1: Understanding the client’s needs
• Topic 3-2: Developing and presenting solutions
• Topic 3-3: Packaging the application to send to lender/supplier
• Topic 3-4: Monitor the loan process

Units of competency

The 12 units of competency are awarded for the successful completion of FNS40815 Certificate IV in Finance and Mortgage Broking; 8 core and 4 electives. For information on the units of competency see the Course Outline in the Course Overview tab.

Fees

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Enrol directly into the program for $300 (GST exempt).

For additional study-related fees, please click here.

Duration

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Individuals have a total of:

• 26 weeks to complete the learning and assessment requirements for the FNS40815 Certificate IV in Finance and Mortgage Broking from their initial activation date.
• An additional four (4) weeks resubmission time per subject- If you reach the end of your initial enrolment period and have been deemed not yet competent in one or more assessment items, then an additional 4 weeks will be granted, provided you attempted all assessment tasks during the initial enrolment period. There is no fee for this extension.

Therefore, if an individual completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 30 weeks.

The amount of training for this course may be up to 15 hours per week. The amount of training is the hours an individual can expect to spend to complete their course work and assessments.

In addition to the amount of training, individuals who are new to industry or vocational training could need up to 5 hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training. Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

If an individual applies for extensions beyond the 30- week completion timeframe or is granted special consideration, the maximum period of time to complete this qualification is two years from the qualification activation date.  If enrolling in single subjects with the intention of completing a qualification, the two year timeframe is calculated from the initial activation date of the first subject.

Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.

Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:

• Subject activation and completion timeframes
• Extensions
• Subject re-enrolment

Entry requirements

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Education requirements

There are no educational entry requirements. 

Individuals are required to be aged 18 years or older to enrol in this course.

Enrolment information

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Enrolment

You may enrol into this course at any time and begin studying immediately on enrolment.

Delivery

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.

Progression

Individuals who complete the FNS40815 Certificate IV in Finance and Mortgage Broking may enrol into the FNS50315 Diploma of Finance and Mortgage Broking Management, and the units of competency may be recognised through credit transfer as the first subject of the Diploma.

Recognition of Prior Learning (RPL)

Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan award subject based on their previous study and/or work experience. To do this, individuals must submit evidence that demonstrates they have already met the requirements of the subject through these other means.

Evidence can take many forms, such as information about approved study, information about work experience, certificates, transcripts or other credentials.

To find out if you are eligible for RPL, refer to our Credit Transfer and Recognition of Prior Learning (RPL) page.

Assessment

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

The assessments for each course are listed below. Units of competency are co-assessed by topic within subjects, as listed in ‘Units of competency’.

Individuals may attempt the exam and/or submit their assignment at any time if they believe they are adequately prepared. Individuals will receive personal reminder emails as they approach their assessment deadlines. 

Individuals must be deemed competent in all assessment items, including demonstrating competency in all of the exam questions, in order to be awarded their qualification or course.  

Individuals who complete the qualification will receive a qualification certificate.

To learn more about what to expect when completing an oral assignment using audio please click here.

Exam Venue

You can sit your exam while being supervised in your workplace or at a Kaplan Professional office. Click here for Kaplan Professional office exam times and venues. 

Pathways

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Study pathways

Individuals who are successfully awarded the FNS40815 Certificate IV in Finance and Mortgage Broking can seamlessly upgrade and enrol into the FNS50315 Diploma of Finance and Mortgage Broking Management, which focuses on business, commercial and premium client lending.

To stay ahead in this competitive industry Kaplan Professional provides training in the specialist knowledge areas such as life insurance.

Career pathways

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.

CPD

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.

Policies

This course is no longer open for enrolments and has been replaced with the FNS40820 Certificate IV in Finance and Mortgage Broking. Click here to view new course details.

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.

Terms and Conditions

Click here to access our terms and conditions.

Refund Policy

Access our refund policy

Student Testimonial

Rowena Myers

“My Certificate IV helped open the door to the industry for me because it provided me with the initial skills and knowledge I needed to be a broker. However, I knew that to progress even further, I wanted to undertake the Diploma, so I could develop my knowledge base even further. It’s particularly helped me understand the commercial and business side of things much better too.”