Course Name |  | CERTIFICATE IV in FINANCIAL SERVICES (Finance/Mortgage Broking) FNS40804 |
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Course Information | | This qualification is designed to reflect the role of employees working in finance/mortgage broking who perform duties such as:
- securing new clients and contacts interested in mortgage or finance broking services;
- presenting broking options to clients based on identified needs;
- preparing and presenting loan applications to lenders;
- assisting in the settling of a loan;
- managing legislative and code of practice obligations relevant to the mortgage and/or finance broking industry specifically.
Particpants must complete 13 units of competency for this qualification. 4 mandatory core units must be completed and the remainder of the electives selected by TAFE NSW including ASIC units, legislation, codes of practice and product knowledge. Program coverage detailed below is relevant to RG146 content covered within the course and based on unit competencies outlined below . |
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Competencies Covered | | FNSASIC301B Establish client relationship and analyse needs
FNSASIC302B Develop, present and negotiate client solutions
FNSICIND401B Apply principles of professional practice to work in the financial services industry
FNSCOMP501B Comply with financial services legislation, industry and professional codes of practice
FNSICPRO401B Develop and maintain in-depth knowledge of products and services used by your organisation or sector
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Award Given at Completion | | CERTIFICATE IV in FINANCIAL SERVICES - FNS40804 |
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Specialist Knowledge | | General Insurance, Deposit Products and Non-Cash Payments, Generic Knowledge, Skills |
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Tier | | 2 |
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Where Course Delivered | | Sydney |
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Delivery Method | | Computer-based, Distance, Individual assessment, Self-paced, Web-based |
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Assessment Type | | Examination - open book, Computer based, Other - Students must achieve 70% in all assessments, each unit of competence is assessed using a variety of assessment tools including role plays, simulated work place activities, exams, in class activities and computer based activities to test knowledge of legislations, products, policy guidelines, industry practices and ethics. |
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Start Date | | 1/1/2009 |
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Duration/Total Hours | | 250 |
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Approximate Cost | | $850.00 |
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Pre95 | | No |
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This course is currently being offered |
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| COORDINATOR DETAILS | | |
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Name | | Suellen Freeman, Head Teacher Banking and Finance |
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Phone Number | | (02) 9780 5539 |
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Fax Number | | (02) 9780 5608 |
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Email Address | | suellen.freeman@tafensw.edu.au |
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| COVERAGE GRAPH | | |
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| TOPICS COVERAGE | | |
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Legislation
Covers legislation and practices applicable to the loan process in the mortgage industry. Legislation covered includes UCCC, Privacy, Financial Transactions Report, Financial Services Reform, Secret Commissions, Anti Discrimination, Trade Practices, Codes of Practice/Conduct, Ethics and Ombudsman roles. In addition the maintenance of statutory records applicable to the mortgage broker is covered.
Product Knowledge
The course predominantly focuses on mortgage loan products. However, associated with these products are deposit bonds, saving accounts, income protection and home and contents insurance. The course outlines compliance implications and identifying the appropriate users of the products and services offered in the industry.
ASIC units
Covers the Financial Services legislation and licensing requirements to providing advice to clients. The activities and products covered by the legislation are outlined and discussed in detail. As well as the focus on product classifications, types of advice and Tier 1 and 2 requirements are addressed. The course covers the generic knowledge and specialist knowledge relevant to the adviser. Requirements for product disclosure statements, statements of advice, financial service guides and no advice disclosure are covered.
Industry operation
The course covers the role of the financial system in Australia and types of funding available. The control of the financial system is also addressed together with the participants in the industry. The role and responsibilities of the Reserve Bank are covered with regard to government monetary policy. The need for a broker to manage information and time is discussed and the continued need to develop and maintain professional development.
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| PROVIDER DETAILS | | |
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Provider | | TAFE NSW - South Western Sydney Institute |
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Contact | | Debra Jolley, Faculty Director - Busines and Finance |
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Phone Number | | (02) 9780 5539 |
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Fax Number | | (02) 9780 5608 |
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Email Address | | debra.jolley@tafensw.edu.au |
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URL | | www.swsi.tafensw.edu.au |
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