Mortgage and Finance Broker Training Courses
Specifically designed to get you started and help you advance within the Mortgage and Finance Industry.
How do you become a mortgage or finance broker? Start or expand your career in the finance and mortgage industry or simply improve your skills as a broker?
Experienced Broker Requiring Certificate IV or Diploma - Click Here
Mortgage Broker Training provides courses to get you started as an Australian finance or mortgage broker. The main industry requirement to become a mortgage broker or credit adviser is a FNS40811 Certificate IV in Finance and Mortgage Broking. Even experienced brokers are now required to have the Certificate IV in Finance and Mortgage Broking under ASIC requirements for licencing, MFAA guidelines. FBAA guidelines and to become accredited with lenders.
The Certificate IV in Finance and Mortgage Broking enables you to become accredited with lenders and the industry associations - the Mortgage and Finance Association of Australia, MFAA and the Finance Brokers Association of Australia - FBAA. The Certificate IV will also meet the educational standard of the National Consumer Credit Protection Act - NCCP (Federal licencing requirements).
The MFAA also require current members to hold a Diploma in Financial Services (Mortgage Management) and new entrants to either currently hold the Diploma or be enrolled to complete the Diploma.
The courses offered are
all nationally recognised within the Australian Mortgage Finance Industry by Broker Groups, Industry Associations and Australian Lending Institutions.
This is the starting point for your career as an Accredited Mortgage Broker or Credit Advisor.
If you are wanting to enter the industry, some Broker Groups and franchises will offer training courses, however you need to commit to them prior to the training, often paying large franchise fees before you can join or really understand the industry. Learning about the industry and achieving industry and government recognised qualifications gives you the knowledge prior to committing to a group or paying franchise fees. By completing one of these courses you obtain the educational requirements and knowledge of the mortgage industry first. Then with an understanding of the industry you can choose where you want to start in the mortgage industry. - Whether with a franchise, a mortgage group or independently.
So how do you become a mortgage broker?
The industry associations requirements to become a broker include completion of a Certificate IV in Finance and Mortgage Broking - (FNS40811) and under MFAA requirements, from the 31st of January 2013, all current members will require the Diploma to stay compliant with guidelines. The National Consumer Credit Protection Act implemented during 2010 also has the Certificate IV as a key educational requirement.