FNS40821 Certificate IV in Finance and Mortgage Broking

Duration

Calendar Year: 52 weeks
Academic Year: 36 weeks
Terms: 4 Terms x 9 weeks each (Total 36 weeks)
Holidays & Study Breaks: 16 weeks – 4 x 4 weeks
Study Type: Full Time 20 hours / week

Location
Level 6, 8 Quay Street, Haymarket NSW 2000.

Course Fee
$10,000.00

Application Fee
A non-refundable Administration Fee of $350 is to be paid with the deposit.

Additional Fees*
Material Fees: $200 (Material Fee covers cost of printing of class material, class tests/quiz, and assessment cover forms).
*Any fee changes will not affect enrolled students. New fees will apply to new enrolling students.
#Smart and skilled funding is available for domestic students for this qualification. Please enquire with SBI.

Assesssent Arrangements
Assessment is both formative and summative and a holistic approach has been applied where possible. Evidence is gathered through a combination of direct observations, problem solving through case studies, responses to multiple choice and short answer questions, self-assessments and third-party reports (if applicable).

Delivery Modes
All training will be delivered using a blended mode (face to face and online), including use of simulated situations where required.

Emphasis will be made on simulating “real life situations” to
develop the skills identified in the “foundation skills” for this qualification.

Entry Requirements
a) English language equivalence requirements

• English is the student’s first language;or
• IELTS 5.5 with no sub band scores less than 5.0;or
• Completion of at least one year of full-time study in Australia at secondary, post-secondary or tertiary level;or
• Completion of the English for Academic Purposes (EAP) program at SBI or any ASQA/TEQSA Accredited Language Centre;or
• Pass SBI’s Placement Test

b) Educational and other qualifications, skills, and other prerequisites

• Successful completion of Australian year 11 or equivalent; OR
• Successful completion of an AQF recognised Certificate III in Accounting, Finance, or other relevant qualification; OR
• Substantial work experience in a related field.
• Must be 18 years of age or over at the time of course commencement.

Pathways into the qualification
After achieving this qualification candidates may choose to undertake studies at Diploma level e.g., FNS50322 Diploma of Finance and Mortgage Broking Management at Sydney Business Institute.

COURSE DESCRIPTION
This qualification reflects the role of individuals working in finance and mortgage broking. Individuals in these roles apply theoretical and technical knowledge and skills to work autonomously and exercise judgement in completing routine activities relating to mortgage and finance broking. It includes developing skills and knowledge in loan processing operations, making sound and compliant lending decisions, and developing productive client relationships.

Potential Job Roles

Employees who work in finance and mortgage broking with the responsibilities of:

• Recommending loan combinations to meet clients’ needs;
• Assessing prospective borrower’s eligibility to obtain finance and their capacity to service debt;
• Provide guidance to others and have limited responsibility for the output of others.

UNITS OF COMPETENCY

This qualification is made up of Fifteen units of competency (ten core units and five electives) the units of competency are stand alone and not sequenced in any specific order.

Recognition of Prior Learning

Sydney Business Institute (SBI) supports the national policy of recognition of qualifications and Statements of Attainment issued by other Registered Training Organisations (RTO), regardless of the location, provided that the RTO is registered to offer units of competency which exist within the qualification offered by SBI and which may also exist in other Training Packages.
An application can be made for RPL when the student believes that they have already attained the necessary skills and competencies elsewhere (work other study etc.).
An RPL application form is available from Administration Services upon request.

The student will be required to provide documentation to support their application. The application will be processed and an assessment made as to the success or otherwise of the application. The student will be notified in writing of the result. The Student must sign (or otherwise accept) the ‘Record of Course Credit Granted’.

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