Diploma of Finance and Mortgage Broking Management
FNS50322
Duration: Up to two years
Price: $1,920 upfront | $88.62 per week (payment plan)
How it works: Study online. With a difference.
Start date: Immediately, or whenever you’re ready.
Entry requirements: No formal prerequisites | RPL available | Some equipment needed
Qualification type: Diploma
Monarch Institute delivers highly practical nationally-recognised training for the finance and mortgage broking profession.
Monarch Institute delivers highly practical nationally-recognised training for the finance and mortgage broking profession.
Industry recognition and career advancement
Nationally recognised
Free membership to the IPA
Comprehensive skill development
Course Summary
Monarch Institute delivers highly practical nationally-recognised training for the finance and mortgage broking profession. Today, we’re changing the way that new brokers (and seasoned veterans) get ahead in their practice. You’ll benefit from the leadership of experienced industry educators. Like Shane Watson, with 20 years experience as a self-employed Finance Broker and extensive experience and qualifications in the finance, investment, and property industries.
Your Monarch Institute qualification isn’t just a piece of paper you get to tick a box for compliance. It’s your ticket to a stellar career in brokerage. You’ll be taught by experienced brokers, so you’ll learn the ins and outs of the industry. The insider info you can only get when you’re fully supported in your learning by people who really know their stuff. It’s more than just theory and textbooks. It’s an investment in your future – on your terms.
With the state of Australia’s housing market, and the number of mortgage products out there, there’s never been a greater need for quality advice. But as a broker, you won’t just be helping people get in to their first homes or investment properties. You’ll also be helping families grow their businesses, entrepreneurs get their start-ups off the ground, and more. Being a good broker isn’t just about closing deals. It’s about making sure that your clients get what’s right for their needs, and that the administration is handled effectively. Professional brokers may form decades-long relationships with their clients, so you’ll also need great people skills.
When you’ve finished the Diploma, you’ll be eligible to join some of Australia’s peak bodies for finance broking professionals as an accredited member. This course will allow you to provide advice on complex loan structures.
Even if you don’t end up working full time as a broker, you could pursue opportunities like:
Key opportunities:
Client service officer
Finance broking practice manager
Mortgage administration assistant
Lending officer
Loan underwriter
This course is designed to be completed within 12-24 months.
There is no minimum timeframe to complete this course. Students who are highly motivated and well organised can complete the full course at an accelerated pace.
The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are!
Study online. With a difference.
You’ll get:
Easy-to-follow course materials
Videos and webinars
Heaps of support from your course trainers (phone, email, Zoom)
A dedicated admin team on hand to guide you
Online assessments
Student Facebook group
How does it work?
This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.
What support will I get?
Your trainer will be happy to contact you via phone, Zoom, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course
The experts who design and deliver our courses (click back to Course trainers to meet some of them) have developed an assessment framework that’s uniquely designed to help you gain a deep understanding of the material. They’ll give you the kind of knowledge and skills you can use in the real world as a business operator or manager. Assessment formats include:
Case studies
Multiple-choice questions
Short-answer questions
Roleplays – video self-recording and upload of the file
Immediately, or whenever you’re ready.
Get in touch about enrolling
"The portal provides valuable and downloadable material, and the course is well structured. The interactive elements, including the quizzes and case studies are engaging. It was a great experience and I will be recommending Monarch Institute to friends."
- Max Piras, Diploma of Finance and Mortgage Broking Management Graduate
Entry Requirements
There aren’t any formal prerequisites. But to make sure you get the most out of training with us, the following enrolment process applies:
Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
For students without an equal or higher level qualification, there’s a short language, literacy and numeracy quiz you complete online.
We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.
Please note this course uses a clustered unit delivery model so please speak to a Course Consultant about how this could affect any RPL or CT granted.
You will need access to the following equipment to successfully complete the course:
Working computer with Microsoft Office (2016 or later)
Access to the internet
Access to a smart phone, video camera or web camera is required
It’s also ideal to have a financial calculator on hand.
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Pathways
The Diploma of Finance and Mortgage Broking Management is a great career kick-starter. It’s also an ideal way to open more doors for those already working in the industry.
If you want to take your learning to the next level, you may be able to use the Diploma as a pathway for entry in to a related uni course. You may also be able to get course credit (similar to RPL) for the units that you’ve completed as part of your Diploma. It’s best to check with the uni you’re thinking of applying to before you enrol with Monarch Institute.
Module 1
Operating a Finance Business
Units are clustered
FNSINC411 Conduct work according to professional practices in the financial services industry
FNSCUS511 Develop and maintain professional relationships in financial services industry
Module 2
Finance Regulation and Licensing
FNSFMK515 Comply with financial services regulation and industry codes of practice
Module 3
Financial Products and Client Needs
Units are clustered
FNSINC412 Apply and maintain knowledge of financial products and services
FNSFMB412 Identify client needs and present broking options
Module 4
The Financial Process
FNSFMB411 Prepare loan application on behalf of clients
Module 5
Getting Ready for Settlement
FNSFMB511 Implement credit contracts in preparation for settlement
Module 6
Complex Finance
Units are clustered
FNSFMB512 Identify and develop credit options for clients with special financial circumstances
FNSFMB513 Present broking options to clients with special financial circumstances
FNSFMB514 Implement complex loan structures
Module 7
Ethics and Professional Development
Units are clustered
FNSINC514 Apply ethical frameworks and principles to make and act upon decisions
BSBPEF501 Manage personal and professional development
Module 8
Risk Management
Units are clustered
FNSRSK511 Undertake risk identification
FNSRSK512 Assess risks
BSBOPS403 Apply business risk management processes
Industry recognition and career advancement
Completing this diploma online meets the licensing requirements set by the Australian Securities and Investments Commission (ASIC) and is recognised by professional bodies like the Mortgage & Finance Association of Australia (MFAA) and the Finance Brokers Association of Australasia (FBAA). This recognition can enhance your credibility and open doors to advanced career opportunities within the industry.
Free membership to the FBAA
Get free student membership into the Finance Brokers Association of Australia (FBAA)
Membership gives you access to a wide range of resources you can use to help kick off your career. Click here to learn more
Comprehensive skill development
This course equips you with essential skills for senior roles in the finance and mortgage broking industry, including client assessment, complex loan structuring, and team management.
Nationally recognised
This course is nationally recognised. It’s structured and delivered under the Australian Qualifications Framework. This means you may be able to use it as a pathway to uni courses around Australia.
Finance and mortgage broking management training. For the real world.
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Frequently Asked Questions
You’ll learn to advise on complex loan structures, which takes you beyond the products available at a Certificate IV level. Completing the diploma meets the licensing requirements set by the Australian Securities and Investments Commission (ASIC), and you can join the Mortgage and Finance Association of Australia (MFAA) and the Finance Brokers Association of Australia (FBAA) as an accredited member.
Our Certificate IV in Finance and Mortgage Broking is the entry-level qualification. At that level, you can only access a limited range of loan products for your clients. This diploma covers 15 units against the certificate’s 12, so you’ll learn to advise on complex loan structures. You’ll also study team management, which prepares you for senior positions in a brokerage.
Across 15 units packaged into eight modules, you’ll learn to assess clients and their circumstances, structure complex loans and manage a team. Those skills apply to senior positions in a brokerage, where you’d handle the harder cases and take responsibility for other brokers. You’ll practise each one through case studies, workplace roleplays and short-answer work.
Yes. We deliver the whole diploma online, so you can study around broking work or another job at a pace you set. You’ll complete everything through our student portal, where you’ll find downloadable material, quizzes and interactive case studies to work through. You can ask your trainer any questions by phone, Zoom or email on weekdays between 9am and 5.30pm.
You’ll learn to assess what each client needs, which is the foundation of the long relationships brokers make with the families and businesses they work with. You’ll also practise client conversations through roleplays you record and submit. Managing a team is part of the course too, so you’ll cover the people side of running a broking practice.
This diploma could suit you if you want to advise on the full range of loan products, including complex structures the Certificate IV doesn’t cover. It also works if you’re trying to become a practice manager or senior broker. You can enrol without formal prerequisites, so you don’t need to hold the Certificate IV in Finance and Mortgage Broking first.
Trainers
Fees