FNS40815 - Certificate IV Finance and Mortgage Broking
Recognised Prior Learning
Recognition of Prior Learning - Certificate IV Finance and Mortgage Broking FNS40815 will exempt you from completing the normal study process.
The program will evaluate your prior experience, training, knowledge, skills and competency against the current requirements for Certificate IV Finance and Mortgage Broking.
For all delivery options, you will need to have access to a computer with an internet connection.
It is important to note that to apply for RPL, you must have at least two of the last five years' experience in the Australian Financial Services industry, principally involved in Finance/Mortgage Broking.
Your enrolment is valid for a period of twelve months. With reference to “face –to- face” training; participants are guided through the learning material and the assessments are completed by the participant post class time. Hence overall course completion is controlled / directed by the participant.
In evaluating the RPL application the following will be considered:
• Evidence – Is there sufficient evidence to indicate the experience, training, knowledge and skills of the applicant?
• Quality – Is the experience, training, knowledge and skills relevant and suitably extensive to cover all aspects of the competencies of the course?
• Relevance – Is the experience, training, knowledge and skills currently relevant to the course?
Once you have enrolled and paid for the Recognition of Prior Learning - Certificate IV Finance and Mortgage Broking FNS40815 you will be required to complete a step by step process to satisfy the evidence requirements:
STAGE 1 – ASSESSOR INTERVIEW
• Complete the RPL Assessor Interview Request form along with a copy of your CV/Resume showing that you have at least two of the last five years' experience in the Australian Financial Services industry, principally involved in Finance/Mortgage Broking, and then upload in to your AAMC Training member’s area. Your nominated assessor will then contact you to arrange a suitable time for a telephone interview.
• If you are proved to have the skills and knowledge at the conclusion of the interview you will then proceed to proving evidence.
• If your assessor does not believe you have the necessary skills, knowledge or experience to continue with the RPL application s/he will advise you to transfer your application to either an online, correspondence or classroom delivery course. Any monies that you have paid for your RPL application will be applied to your other preferred delivery method and you will only need to pay the difference.
STAGE 2 – PROVIDING EVIDENCE
1. Print off the RPL Student Kit via the AAMC Members area, read it and complete the RPL application.
2. (Part a) You will require a qualified Third Party Declarer who is able to acknowledge your experience in the Finance/Mortgage Broking industry by ticking the check boxes in the Competency lists contained in the RPL document. The Third Party Declarer is also asked to provide AAMC Training a brief history of their industry experience.
(Part b) You will require an additional written testimonial from a person who can confirm your experience in the Finance/Mortgage Broking industry. This person must have a sound understanding of the finance industry and your experience.
3. Submit a client case file which must include all the applicable items on the relevant case study checklist.
4. Once you have completed the previous steps, upload your completed RPL application and all supporting documentation via the AAMC Training Members Area.
UNITS OF COMPETENCY:
12 Units of competency
Core Units of Competency:
FNSFMK505 Comply with financial services regulation and industry codes of practice
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 Identify client needs for broking services
FNSFMB403 Present broking options to client
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 of Competency:
FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry
FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers
BSBWOR501 Manage personal work priorities and professional development
FNSSAM403 Prospect for new clients
This course has been endorsed by the Australian National Training Authority and is registered on the Scope of Registration for AAMC Training Group RTO number 51428 to deliver Certificate IV Finance/Mortgage Broking.
Certificate IV Finance and Mortgage Broking is recognised by the FBAA and the MFAA.
CPD Points - 8
Post-Nominal - Cert.IV FMB
For regulatory information on becoming/being a Finance/Mortgage broker please visit the ASIC website.
Latest Reviews for FNS40815 - Certificate IV Finance and Mortgage Broking
Excellent Learning Structure and Staff Support. Barry was excellent.
Great course, fully beneficial and provides clear instruction.
Ian New South Wales
AAMC Training Group has provided continuous support and information which enable me completing this course. Staff is very helpful and provided the best guidance where required. Thank you for your support.
Dhaval New South Wales