Modification History
Not applicable.
Description
This qualification reflects management job roles in finance and mortgage broking, including roles that are independent, undertaken through an aggregator, or involve managing a workplace team.
Pathways Information
Qualification Pathway
Preferred pathways for candidates entering this qualification include:
- FNS40810 Certificate IV in Finance and Mortgage Broking
The primary pathway from this qualification is employment in finance and mortgage broking with duties such as:
- securing new clients and contacts interested in mortgage or finance broking services
- presenting broking options and recommending loan combinations to clients based on identified needs
- preparing and presenting loan applications to lenders and settling of a loan
- managing legislative and code of practice obligations relevant to the mortgage and/or finance broking industry specifically
- assessing prospective borrowers' eligibility to obtain finance and their capacity to service debt
- operating and building an independent business
- brokering complex and/commercial leases and equipment finance, commercial finance, project finance and finance for property developers
- acting as licensees.
An Australian Apprenticeship pathway may be possible for this qualification depending on the State or Territory training authority declaration policy
A further learning pathway could be study in relevant higher education programs. Learners should establish relevant qualifications and any credit arrangements that may apply in order to make appropriate elective choices in this qualification.
Licensing/Regulatory Information
Not applicable.
Entry Requirements
Not applicable.
Employability Skills Summary
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EMPLOYABILITY SKILLS QUALIFICATION SUMMARY |
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Employability Skill |
Industry /enterprise requirements for this qualification include : |
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Communication |
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Teamwork |
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Problem solving |
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Initiative and enterprise |
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Planning and organising |
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Self-management |
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Learning |
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Technology |
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Packaging Rules
Packaging Rules
15 units must be achieved:
10 core units
plus 5 elective units .
- the required elective units of competency can be selected from the elective bank below or units aligned to other Diploma qualifications in the FNS10 Financial Services Training Package
- a maximum of 2 electives may be selected from units aligned to Certificate IV or Advanced Diploma qualifications in the FNS10 Financial Services Training Package
- a maximum of 2 electives may be selected from Certificate IV, Diploma or Advanced Diploma qualifications in another endorsed Training Package or accredited course.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.
Core units of competency :
- BSBCOM501B Identify and interpret compliance requirements
- BSBRSK401A Identify risk and apply risk management processes
- FNSFMB401A Prepare loan application on behalf of finance or mortgage broking clients
- FNSFMB402A Provide finance and mortgage broking services
- FNSFMB403A Present broking options to client
- FNSFMB502A Identify and develop complex broking options for client
- FNSFMB503A Present broking options to client with complex needs
- FNSFMB504A Implement complex loan structures
- FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
- FNSINC401A Apply principles of professional practice to work in the financial services industry
Elective units of competency :
- BSBINM401A Implement workplace information system
- BSBMGT502B Manage people performance
- BSBMGT515A Manage operational plan
- BSBMGT605B Provide leadership across the organisation
- BSBOHS303B Contribute to OHS hazard identification and risk assessment
- BSBSMB405A Monitor and manage small business operations
- BSBSUS501A Develop workplace policy and procedures for sustainability
- FNSFMB501A Settle applications and loan arrangements in the finance and mortgage broking industry
- FNSORG502A Develop and monitor policy and procedures
- FNSPRM601A Establish, supervise and monitor practice systems to conform with legislation and regulations
- FNSPRM602A Improve the practice
- FNSPRM603A Grow the practice
- FNSRSK602A Determine and manage risk exposure strategies
- TAADEL404B Facilitate workplace learning
NOTE Certain elective units may be required to progress to membership of relevant professional organisations. Learners should establish such requirements where they apply in order to make appropriate choices.
