Key Benefits

Tailored learning

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

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.

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.

Free Membership to the IPA

Get free student membership into the Institute of Public Accountants (IPA) when you enrol.

Membership gives you access to wide range of resources you can use to help kick off your career. Click here to learn more.

Course Accreditation

In total, you need to complete each of these 15 nationally recognised units of competency in order to be awarded your FNS50322 Diploma of Finance and Mortgage Broking Management.

The units of competency listed below are packaged into 8 modules.

Module 1

Operating a Finance Business

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

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

Assess Credit Applications

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

FNSINC514 Apply ethical frameworks and principles to make and act upon decisions
BSBPEF501 Manage personal and professional development

Module 8

Risk Management

FNSRSK511 Undertake risk identification
FNSRSK512 Assess risks
BSBOPS403 Apply business risk management processes

Specialisations

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:

Case studies
Multiple-choice questions
Short-answer questions
Roleplays – video self-recording and upload of the file

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:

Client service officer
Finance broking practice manager
Mortgage administration assistant
Lending officer
Loan underwriter

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:

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.

What equipment will I need?

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.

Am I eligible for Recognition of Prior Learning or credit transfer?

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.

Course Topics

Module 1

Operating a Finance Business

Understand how the industry work
Develop relationships and strategies to connect

Module 2

Finance Regulation and Licensing

Understand the skills and knowledge required to ensure compliance with finance industry regulations and industry codes of practice on an organisational level.

Module 3

Financial Products and Client Needs

Understand the financial products and services provided by an organisation, or those an organisation uses, and how they may be applied to client needs.
How to use the skills and knowledge required to determine clients’ broking requirements, explain capabilities, legal and compliance related issues and present broking options to clients.

Module 4

The Financial Process

How to prepare a client loan application to the specific requirements of a credit provider.

Module 5

Getting Ready for Settlement

How to prepare and implement a credit contract in preparation for loan settlement.

Module 6

Assess Credit Applications

How to apply research and analytical skills to complex and multifaceted scenarios to develop customised solutions for clients.
Determine legislative and regulatory requirements, codes of practice, and organisational policies and procedures related to presenting credit options to clients and identify organisational complaint handling policies and procedures.
Establish actions, timings and priorities to implement complex loans and supervise the implementation process.

Module 7

Ethics and Professional Development

How to apply ethical frameworks and principles to make and act upon decisions.
Implement systems and process that support the personal and professional development of self and others.

Module 8

Risk Management

Conduct research, consult stakeholders and determine risk to be addressed.
Identify risks in the organisation by evaluating the likelihood of risks occurring and their consequences.
Implement change across the organisation, business unit, program or project.

Course Duration

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!

How it works

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

Course Price

Upfront payment

$1,750 (Total)

The most cost-effective option. Pay up front and save 20% compared to the total payment plan. Payment options include electronic funds transfer (EFT), credit card (MasterCard or Visa), cheque or cash.

Payment plan

$80.77 per week – paid over 26 weeks (Total: $2,100)

This option is suitable for students wanting to manage their cash flow. It’s handy if you want to get started right away, but don’t have the full amount on hand. Payment must be made with MasterCard or Visa.

Meet your trainers

Industry experts and though leaders.

Shane Watson mortgage broking trainer Monarch

Shane Watson
Trainer “Wisdom is the reward you get for a lifetime of listening when you would rather have talked.”
– Mark Twain

With my finance and business qualifications, I operated a finance broking business for over 20 years. During that time I obtained an Australian Credit Licence and developed the business to offer a wide range of financial services.

As an adjunct to my finance business, I also operated a Business Consultancy service advising new and existing business owners on business establishment, development and profitability improvement. I’ve previously been Director of two Investment, Property and Finance Companies as well as a Trustee of a Superannuation Fund.

What makes me jump out of bed each morning?

I’m passionate about training new entrants in the finance and business sectors.

Darryl Benn
Trainer "If you're always trying to be normal, you'll never know how amazing you can be"
- Maya Angelou

I’m an experienced finance industry consultant working in both the residential and commercial finance sectors.

I’ve worked in mortgage origination operations been a Responsible Manager for an Australian Financial Services Licence, and Head of Lending for a residential and commercial mortgage lender.

I feel I understand the needs of the student and the industry, after many years in education and course development.

What makes me jump out of bed each morning?

Graeme Porter
Trainer "You cannot teach a person anything, you can only help them find it within themselves"
- Galileo Galilei

My career in Banking and Finance commenced in 1972 and progressed with responsibilities as a Financial Adviser and Manager. From 2000 I moved into Finance Broking providing a full range of broker services and specialising in commercial and asset lending.

What makes me jump out of bed in the mornings?

I have a strong desire to pass on my experience to students to ensure they are prepared to work as a full service Finance Broker.

Please complete the details below. Your dedicated course consultant will be in touch with you shortly.

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Duration	Up to two years
How it works	Study online. With a difference.
Price	$1,750 up front \| $80.77 per week (payment plan)
Career opportunities	Finance and mortgage broker
Course topics	Eight modules
Units	15 units of competency \| Nationally recognised
Course trainers	Industry experts and though leaders.
Pathways	University courses
Entry requirements	No formal prerequisites \| RPL available \| Some equipment needed
Assessments	Multiple small assessments \| No exams
Start date	Immediately, or whenever you’re ready. Get in touch about enrolling

Finance and mortgage broking management education. Study online today.

Diploma of Finance and Mortgage Broking Management

FNS50322

Key benefits

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

You need a different learning experience.We're ready to deliver.

Expertise

Flexibility

Support

How we rank

Any questions? Ask away!

Key Benefits

Tailored learning

Industry membership opportunities

Nationally recognised

Free Membership to the IPA

Course Accreditation

Module 1

Operating a Finance Business

Module 2

Finance Regulation and Licensing

Module 3

Financial Products and Client Needs

Module 4

The Financial Process

Module 5

Getting Ready for Settlement

Module 6

Assess Credit Applications

Module 7

Ethics and Professional Development

Module 8

Risk Management

Specialisations

Course Assessments

Career Opportunities

Key opportunities:

Pathways

Entry requirements

What equipment will I need?

Am I eligible for Recognition of Prior Learning or credit transfer?

Course Topics

Module 1

Operating a Finance Business

Module 2

Finance Regulation and Licensing

Module 3

Financial Products and Client Needs

Module 4

The Financial Process

Module 5

Getting Ready for Settlement

Module 6

Assess Credit Applications

Module 7

Ethics and Professional Development

Module 8

Risk Management

Course Duration

How it works

Study online. With a difference.

How does it work?

What support will I get?

Course Price

Upfront payment

Payment plan

Meet your trainers

Industry experts and though leaders.

Finance and mortgage broking management education.
Study online today.

You need a different learning experience.
We're ready to deliver.