Mortgage Broker Training
Mortgage Broker Certificate IV in Financial Services (Finance/Mortgage Broking)
The Mortgage Industry is a dynamic and exciting sector, which has a positive impact on your clients lives. Assisting people to reach their dream of owning a home is a fantastic way to make a living. The core service of a mortgage industry professional is to help people fulfil their dreams.
Do you want to 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? If So Click Here
To do this you must achieve a minimum standard of education in the Mortgage & Finance Industry, which is Certificate IV in Financial Services (Finance/Mortgage Broking - FNS40804).
Without the Certificate IV in Mortgage Broking, you will be unable to become accredited with lenders or the industry associations such as, the Mortgage and Finance Association of Australia, MFAA and the Finance Brokers Association of Australia - FBAA.
Diamond Finance Mortgage Broker Training Services provide courses to get you started as a finance or mortgage broker in anywhere in Australia.
This course is specifically designed to get you started in the Mortgage and Finance Industry.
Course Outline
* Introduction to the Australian Mortgage Industry: History of the Industry; Licensing and Accreditation; Mortgage Broker Requirements.
* Legislation and Regulatory Framework: Uniform Consumer Credit Code (UCCC); Trade Practices Act; Code of Banking Practice; Privacy Act; Commission Disclosure; Comparison Rates; Code of Conduct (WA only); Financial Services Reform Act (FSRA); Financial Transactions Report Act.
* Lending Institutions and Loan Types: Banks; Credit Unions; Building Societies; Securitised Lenders; Non-Conforming Lenders; Owner Occupied Mortgage; Residential Investment Mortgage; Bridging Finance.
* Loan Fundamentals: What Influences Interest Rates; Core Lending Products; Loan Features and Packages; Risk Management through Insurance; Negative Gearing.
* Lending Fundamentals and Ethics: The Initial Assessment; The Eight C’s of Credit; Employment/Income Considerations; Qualifying Rates; Debt Servicing Ratio (DSR); Net Servicing Ratio (NSR); Loan to Value Ratio (LVR); Lender’s Mortgage Insurance (LMI); Loan Serviceability Calculators.
* The Loan Process – From Interview to Settlement: Client Needs Analysis; The Application; Submission and Approval; Settlement; Roles of Each Party; Residential Mortgage Process Diagram; Record Keeping; Filing Systems;
* Calculation of Fees; Use of Grants and Concessions: Stamp Duty and Other Duties; Miscellaneous Fees; State-Specific Grants and Concessions.
* Understanding Financials and Corporate Entities: Balance Sheet; Profit and Loss Statement; Corporate Entities; Self-Employed Client and Case Study.
This is the starting point for your career as an Accredited Mortgage Broker.
Whilst completing this course and obtaining the educational requirements and knowledge of the mortgage industry, you will be able to start writing business and build your own successful mortgage broking business under our 2 year mentoring program.
For More Info on Mortgage Broker Mentoring see:
Mortgage Broker Mentor Programme
Broker Mentor