FNS50315 Diploma of Finance and Mortgage Broking Management
Upgrading from Certificate IV in Finance and Mortgage Broking FNS40804, FNS40810, FNS40811 or FNS40815 - RPL
Recognition of Prior Learning - Diploma of Finance and Mortgage Broking Management FNS50315 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 the Diploma of Finance and Mortgage Broking Management Upgrade.
• As this is a Diploma Upgrade course you must already hold the Certificate IV in Finance and Mortgage Broking FNS40804, FNS40810, FNS40811 or FNS40815. You will need to provide a certified copy of your Certificate along with a copy of your statement of attainment detailing the units of competency achieved supporting your application for Recognition of Prior Learning.
• If you do not hold your Certificate IV in Finance and Mortgage Broking then you will need to complete the Full Diploma of Finance and Mortgage Broking course.
• 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 three of the last five years' in the Finance/Mortgage Broking industry – dealing with complex loan applications. You will need to provide your resumé supporting your application.
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 - Diploma of Finance and Mortgage Broking Management Upgrade – FNS50315 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, and then provide a copy of your CV showing that you have at least three of the last five years’ experience in the Australian Financial Services industry, principally involved in Finance/Mortgage Broking, then upload these into 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. You may be able to claim credit transfer for a unit/s that you have previously completed with AAMC Training or another RTO. Please refer to the Credit Transfer tab in your AAMC Training Members area and follow the instructions if credit transfer is applicable.
2. Print off the RPL Student Kit via the AAMC Training Members area, read it and complete the RPL application.
3. 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.
4. You will require an additional 2 written testimonials from people who can confirm your experience in the Finance/Mortgage Broking industry. These people must have a sound understanding of the finance industry and your experience.
5. Completion of assessment Task 1: Risk areas and stakeholder ID, Key risks, Risk action plan.
6. Completion of assessment Task 2: Marketing Plan
7. Completion of assessment Task 3: Complex broking options - Submit a complex client loan file using your in-house documentation.
8. 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:
15 Units of competency
Core Units of Competency:
FNSFMK505 Comply with financial services legislation and industry codes of practice
BSBRSK401 Identify risk and apply risk management processes
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
FNSFMB502 Identify and develop broking options for clients with complex needs
FNSFMB503 Present broking options to client with complex needs
FNSFMB504 Implement complex loan structures
FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers
FNSINC401 Apply principles of professional practice to work in the financial services industry
Elective Units of Competency:
BSBWOR501 Manage personal work priorities and professional development
FNSRSK502 Assess risks
FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
FNSPRM603 Grow the practice
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 the Diploma of Finance and Mortgage Broking Management.
The Diploma of Finance and Mortgage Broking Management is recognised by the FBAA and the MFAA.
CPD Points - 8
Post-Nominal – Dip. FMBM
For regulatory information on becoming/being a Finance/Mortgage broker please visit the ASIC website.
Latest Reviews for FNS50315 Diploma of Finance and Mortgage Broking Management
Thanks team, a very well structured course with clear instructions and learning outcomes. Highly recommended
Christopher Western Australia
Great course, Helen Goldsmith did a fantastic job on our group training session
Leanne Western Australia
David Western Australia