Key Benefits

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.

Tailored learning

Course materials have been developed by the previous Head of Professional Development at the Mortgage and Finance Association of Australia (MFAA).

Government funding

Living in Victoria? You may be able to get government funding for your course. To see if you’re eligible, click here.

Industry membership opportunities

The Finance Brokers Association of Australia (FBAA) and the Mortgage and Finance Association of Australia (MFAA) are the peak bodies for finance broking professionals. By completing this qualification, you can apply for membership as an Accredited Finance Broker.

Course Accreditation

In total, you need to complete each of these 15 nationally recognised units of competency in order to be awarded your FNS50315 Diploma of Finance and Mortgage Broking Management.

The units of competency listed below are packaged into 4 modules.


Module 1

Mortgage Broking Industry Knowledge

Module 2

Mortgage Lending – Product & Process

Module 3
Mortgage Broking Business Skills

Module 4

Mortgage Broking – Complex Transactions

Course Assessments

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:

Career Opportunities

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:

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.

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:


What equipment will I need?

You will need access to the following equipment to successfully complete the course:

It’s also ideal to have a financial calculator on hand.


Am I eligible for Recognition of Prior Learning?

We may be able to take into account relevant knowledge and skills you’ve possibly gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Guide by clicking here, or get in touch with one of our friendly course consultants.

Course Topics

Module 1

Mortgage Broking Industry Knowledge
• Identify the market structure
• Understand the regulatory framework
• Differentiate between different types of property ownership
• Use a variety of property valuation methods
• Understand the mortgage process
• Convey to clients guidance about mortgage broking products and services

Module 2

Mortgage Lending – Product & Process
• Gather client information
• Analyse a client’s financial statements
• Determine a client’s ability to service debt
• Present finance options to clients
• Explain elements of a loan proposal
• Identify risks associated with a loan proposal
• Prepare supporting loan documentation
• Prepare a loan application

Module 3

Mortgage Broking Business Skills
• Apply principles of professionalism
• Understand and consider external factors that impact the mortgage market
• Identify the roles and interrelationships of key market participants
• Recognise and exploit market opportunities with other professionals and third parties
• Understand the requirements for operating a compliant practice

Module 4

Mortgage Broking – Complex Transactions
• Identify & develop options for complex transactions
• Identify client complex broking needs
• Research and consider complex need solutions
• Complex funding requirements
• Diverse forms of debt servicing income
• Limited recourse borrowing arrangements
• Complex secured property
• Specialised properties
• Equity release
• Shared appreciation mortgages
• Equity release retirement
• Home reversion plans
• Reverse mortgages

Course Duration

Is there a maximum course completion time?

Yes; up to two years for the whole qualification. You must complete each module within six months.


Is there a minimum course completion time?

No. Except for some government funded students, students can complete the qualification as quickly as they choose.


What is the average course completion time frame?

Students who are highly motivated and well organised can often complete the full course in nine months. The key factors that influence course completion are a student’s experience, time availability, and how fast they work.

How it works

Study online. With a difference.

You’ll get:


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, Skype, Zoom, TeamViewer, 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


Do you offer corporate workshops?

Yes. We’re the corporate training partner of choice for several large organisations. Our trainers can also conduct onsite training for groups of six staff or more. Corporate workshops can be scheduled for any location in Australia. Got a new satellite office with staff in need of training? Running a training retreat in an idyllic location (yes please!)? Our trainers can be there.

Corporate workshops are tailored to your organisation’s needs. Get in touch with our friendly course consultants for more information.

Course Price

Upfront payment

$1,050 (total)

Payment options include electronic funds transfer (EFT), credit card (Mastercard or Visa), cheque or cash.


Government funding

If you live in Victoria, Monarch Institute has government funded places.

To see if you are eligible for a government funded place, please click here to see the criteria. Or get in touch with one of our friendly course consultants.

Meet your trainers

Industry experts and though leaders.
Kevin Conlon
Trainer
"Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do, so throw off the bowlines, sail away from safe harbour, catch the trade winds in your sails. Explore, Dream, Discover."
– Mark Twain

In a career spanning three decades, I have participated at every level of the Australian financial markets. I have remained at the forefront of professional development and training in the mortgage broker industry since its inception. I’ve held a number of senior positions, including MFAA Head of Education and Chief Executive of both the Council of Mortgage Lenders (CML) and the Seniors Equity Release Association of Lenders (SEQUAL).

I have successfully coached thousands of mortgage brokers, and I’m proud to be acknowledged for having raised practitioner professional standards through the design and delivery of highly acclaimed training programs, both within Australia and overseas.

Josh Wilson
Mentor
"Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless."
– Jamie Paolinetti

I am a qualified financial planner with tertiary and vocational qualifications in financial planning and law. I’ve had 17 years of experience in the financial planning and wealth management industry. I have worked as a financial planner for a large Australian bank and boutique wealth management firm for over 10 years, and prior to that, as a fund accountant for a London-based asset manager.

What makes me jump out of bed each morning?

I am usually woken up by my two girls first! I get excited to see my heirloom tomatoes growing strongly in spring. I love cooking at home on the weekend, hanging out in the park with my wife and two girls, and I’m a mad (suffering) Carlton supporter.

Cynthia Shannon
Mentor
"If you look at what you have in life, you’ll always have more. If you look at what you don’t have in
life, you’ll never have enough."
– Oprah Winfrey

I hold a Bachelor of Economics (Monash) and a Master of Commerce (Hons) (Uni Melbourne). I’ve lectured at the AGSM, University of Melbourne, RMIT University and Whittier College in California over a period of 35 years. I’ve taught accounting and finance in Australia, Hong Kong, Singapore and Malaysia, and financial planning in Australia and Singapore. I have worked for BBL Funds Management Ltd, a specialist index fund manager, providing training and education support to financial planners. To top that all off, I’ve also held a Certified Financial Planning (CFP) designation while practising as a financial planner.

I am currently the Head of Teaching and Learning at Monarch Institute. As a trainer, I hold a Certificate IV in Training and Assessment. I have written a chapter for an Australian text book titled Personal Finance, first published by John Wiley and Sons in 2001. My other publications include written course materials for the RMIT Master of Finance and Monarch Institute.

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Finance and mortgage broking management education.
For the real world.

Get in touch

Diploma of Finance and Mortgage Broking Management

FNS50315

  • Develop invaluable finance and mortgage broking skills
  • Become an accredited finance broker with the Mortgage and Finance Association of Australia (MFAA)
  • Study any time, anywhere you can get online
Click to expand
DurationUp to two years
How it worksStudy online. With a difference.
Price$1,050
Career opportunitiesFinance and mortgage broker
Course topicsFour modules
Accreditation15 units of competency | Nationally recognised
Course trainersIndustry experts and though leaders.
Pathways

University courses

Entry requirements

No formal prerequisites | RPL available | Some equipment needed

AssessmentsMultiple small assessments | No exams
Start dateImmediately, or whenever you’re ready.
Get in touch about enrolling
Payment Options There are two ways you can pay for your course...
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