Qualification details

FNS40815 - Certificate IV in Finance and Mortgage Broking (Release 2)

Summary

Releases:
ReleaseStatusRelease date
2 (this release)Current 22/Apr/2015
(View details for release 1) Replaced25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS40811 - Certificate IV in Finance and Mortgage BrokingUpdated to meet Standards for Training Packages. 24/Mar/2015


Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssential
BSBCUS301 - Deliver and monitor a service to customersDeliver and monitor a service to customers Elective
BSBITU306 - Design and produce business documentsDesign and produce business documents Core
BSBWOR501 - Manage personal work priorities and professional developmentManage personal work priorities and professional development Elective
FNSASIC301 - Establish client relationship and analyse needsEstablish client relationship and analyse needs Elective
FNSASIC302 - Develop, present and negotiate client solutionsDevelop, present and negotiate client solutions Elective
FNSCRD301 - Process applications for creditProcess applications for credit Core
FNSCUS501 - Develop and nurture relationships with clients, other professionals and third party referrersDevelop and nurture relationships with clients, other professionals and third party referrers Elective
FNSFMB401 - Prepare loan application on behalf of finance or mortgage broking clientsPrepare loan application on behalf of finance or mortgage broking clients Core
FNSFMB402 - Identify client needs for broking servicesIdentify client needs for broking services Core
FNSFMB403 - Present broking options to clientPresent broking options to client Core
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 222112 Finance Broker 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 511 Certificate IV 
Taxonomy - Industry Sector N/A Financial Services,Broking 
Taxonomy - Occupation N/A Finance Broker,Mortgage Broker 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222112 Finance Broker 30/Jul/2015 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 30/Jul/2015 
Qualification/Course Level of Education Identifier 511 Certificate IV 25/Mar/2015 
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Modification History

Release 

Comments 

Release 2

This version released with FNS Financial Services Training Package version 1.1

Release 2 created to correct typographical error

Release 1

This qualification first released with FNS Financial Services Training Package version 1.0

Qualification Description

This qualification reflects the job roles of individuals working in finance broking (including mortgage broking). They apply solutions to a defined range of unpredictable problems, and analyse and evaluate information from a variety of sources. They may provide guidance to others and have limited responsibility for the output of others.

Licensing/Regulatory Information

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Entry Requirements

Nil

Packaging Rules

Total number of units = 12 

8 core units  plus

4 elective  units

The elective units consist of:

  • 1 from the electives below.

Of the remaining 3 units:

  • up to 3 may be from the electives
  • up to 3 may be from Certificate III, Certificate IV or Diploma in any currently endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units 

BSBITU306 Design and produce business documents

FNSCRD301 Process applications for credit

FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients

FNSFMB402 Identify client needs for 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

Elective Units 

BSBCUS301 Deliver and monitor a service to customers

BSBWOR501 Manage personal work priorities and professional development

FNSASIC301 Establish client relationship and analyse needs

FNSASIC302 Develop, present and negotiate client solutions

FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers

FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry

FNSSAM403 Prospect for new clients

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNS40815 Certificate IV in Finance and Mortgage Broking

FNS40811 Certificate IV in Finance and Mortgage Broking

Updated to meet Standards for Training Packages.

Equivalent qualification

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe

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