FNS40821 Certificate IV in Finance and Mortgage Broking
Enrol now to take advantage of our EOFY offer, and begin your studies from the 28th of July.
Find a rewarding career helping individuals and businesses in securing loans and managing their finances. Your expertise can make a significant difference in their lives.
Embarking on a career in finance and mortgage broking offers the opportunity for a balanced work-life schedule and remains consistently in demand, as individuals and businesses continually seek financial guidance and loan assistance. Mastering compliance and adhering to industry regulations enhances your value and ensures the protection of both clients and your business.
Whether you are new to the industry or transitioning from another field, the FNS40821 Certificate IV in Finance and Mortgage Broking prepares students for the dynamic finance industry and opens pathways to self-employment and franchise ownership.
Take your career further by meeting the educational requirements set by ASIC to obtain an Australian Credit Licence (ACL).
Who should undertake this qualification?
Individuals looking to kickstart their finance and mortgage broking career and gain formal recognition of their skills, including meeting the education requirements outlined in ASIC’s RG 206.
Possible career outcomes
Graduates of this qualification may go on to become:
- Mortgage broker
- Finance broker
- Mortgage administration assistant
- Lending officer
- Client service officer
- Finance broking practice manager
- Home loans specialist
*As per data from the Australian Government Department of Education and Training as well as the National Centre for Vocational Education Research.
Time Commitment
Study duration is dependent on your existing skills and experience. Typically, to complete within the specified course duration, it is recommended that students commit approximately 10 hours towards study per week.
Study Options
Online Study
AIM provides a flexible, online study approach for VET qualifications. While this flexible approach allows learners to balance study with personal and professional commitments, maintaining consistent study habits is essential to successfully achieving learning objectives and course completion.
To help you stay on track all participants in AIM courses are provided with an individual training plan. This plan is a great project baseline for your learning, and benchmark for your progress.
The FNS40821 Certificate IV in Finance and Mortgage Broking qualification uses the myAIM learning platform to provide interactive learning content, online textbook access, support forums, and access to live virtually delivered seminars, drop-in coaching sessions, and assessment workshops, all completely online. Further support is available from assigned trainers via email and by appointment.
Additional information about the study materials, course duration, and support are provided to new students via online orientation sessions.
Assessments
Within the AIM assessment model, competency is demonstrated through answering knowledge questions and completing workplace-based practical assessment tasks. These tasks may include the need to utilise workplace-based activities involving others or participation in role plays, which will need to be videoed and submitted as part of the assessment evidence. You may be expected to source and research additional materials as part of your study.
These tasks may include the need to utilise workplace-based activities involving others or participation in role plays, which will need to be videoed as part of the assessment evidence. You may be expected to source and research additional materials as part of your study.
Units of Competency
These units of competency have been developed in consultation with industry experts along with our facilitators who draw upon real-life case studies and examples to ensure the knowledge you gain is practical and applicable to your role.
This table below reflects the core units (C) and pre-selected elective units (E) of this course.
| Unit Code | Unit Name |
|---|---|
| BSBPEF501 | Manage personal and professional development (C) - Develop your understanding of the systems and processes required to support the personal and professional development of self and others. |
| FNSCUS511 | Develop and maintain professional relationships in financial services industry (C) - Communicate and network with a wide range of people, internal and external to the organisation, to increase efficiency and build continuing professional relationships. |
| FNSFMB411 | Prepare loan applications on behalf of clients (C) - Prepare a client loan application to specific requirements of a credit provider. |
| FNSFMB412 | Identify client needs and present broking options (C) - Determine clients’ broking requirements, explain capabilities, legal and compliance related issues and present broking options to clients. |
| FNSFMK515 | Comply with financial services regulation and industry codes of practice (C) - Ensure compliance with finance industry regulations and industry codes of practice on an organisational level, maintain and disseminate highly specialised knowledge to a range of personnel to ensure compliance and quality standards. |
| FNSINC411 | Conduct work according to professional practices in the financial services industry (C) - Learn how to identify industry professional approaches to procedures, guidelines, policies and standards, including ethical requirements, and to model and meet expectations of these in all aspects of work. |
| FNSINC412 | Apply and maintain knowledge of financial products and services (C) - Apply and maintain an in-depth knowledge of the financial products and services provided by an organisation, or those an organisation uses, and how they may be applied to client needs. |
| FNSASIC311 | Establish client relationship and analyse needs (E) - Establish relationships with clients and analyse individual requirements in considering the financial products and services that meet their needs. |
| FNSCRD401 | Assess credit applications (E) - Assess and verify information provided in credit applications, establish credit terms and limits, and notify customers of credit application outcomes. |
| FNSCUS403 | Deliver a professional service to customers (E) - Develop your skills and knowledge needed for understanding, clarifying and meeting customers’ needs and expectations and those functions associated with the provision of a quality and professional service to customers. |
| FNSFMB511 | Implement credit contracts in preparation for settlement (E) - Identify client needs and assist in the preparation of securities to implement a credit contract in preparation for loan settlement within agreed timelines. |
| FNSSAM413 | Identify and provide initial information to potential new clients (E)- Identify and establish rapport with potential client prospects using networks, leads and research skills. |
Additional Information
For people looking to kickstart their career in mortgage broking, the FNS40821 Certificate IV in Finance and Mortgage Broking can be completed alongside another one of our microcredentials that builds skills in related business areas. For example, students who are seeking to run their own mortgage broking franchise or business may wish to consider studying business-related microcredentials offered by AIM.
For more information, speak to one of our Senior Training Advisors on 1300 658 337.
Entry requirements
To be eligible for enrolment at AIM in the FNS40821 Certificate IV in Finance and Mortgage Broking qualification, you must:
- be 18 years of age or older at the time of enrolment
- be technologically literate and have access to the Microsoft Office suite or equivalent
- have continuous internet access
- have access to a workplace
- have a Unique Student Identifier (USI) number (you can receive a USI or check if you already have one by visiting www.usi.gov.au/students/get-a-usi)
- have the ability to read and write English and display numeracy skills to at least Year 11 level.
Find out more about the AIM Student Entry Procedure.
Recognition of Prior Learning (RPL)
Recognition of skills and knowledge gained through previous studies, work and life experiences may be used to award competency for Units of Competency within this qualification. Read more on Recognition of Prior Learning and Credit Transfer or call 1300 658 337.
Payment Options
Complete the enquiry form below or call 1300 658 337 to learn more about the following payment options and tuition fees.
- Pay upfront for the full cost of your qualification in one easy payment.
- Defer all or part of your tuition fees with flexible payment options through AIM's finance partner, zipMoney.
