- Overview
- Learning outcomes
- Program delivery and structure
C5419 - Diploma of Finance and Mortgage Broking Management
Plan: C5419 - Diploma of Finance and Mortgage Broking Management
Campus: City Campus
Program delivery and structure
Approach to learning and assessmentWork integrated learningProgram structureApproach to learning and assessment
Completion of this program
To be awarded the Diploma of Finance and Mortgage Broking Management you need to successfully complete 15 units of competency (10 core units plus 5 elective units) as outlined in the program structure.
Program delivery
The delivery of this program uses a blended mode with regularly scheduled, live online (virtual) classes. These live online classes will be supplemented with periodic face-to-face workshops conducted in our simulated office, referred to as the 'Practice Firm'.
You may be required to study for approximately 30 hours per week, including live online classes, face-to-face workshops, completion of assessment tasks, pre- and post-class online activities, as well as self-directed research, online collaboration with peers, and private study.
All scheduled classes will be conducted on weekday evenings across a maximum of three (3) evenings per week in each semester.
If you intend completing this program in the shortest possible duration (i.e. as a full-time student) then you would be studying for a minimum of two (2) semesters or one (1) academic year.
Alternatively, you may choose to enrol in a less than full-time study load (i.e. part-time) in which case your program duration will be greater than one year.
All learning content will be contextualised to industry applications, and the delivery strategy will include the use of practical demonstrations where appropriate (for example, using industry specific software and templates, or conducting client interviews).
The Diploma of Finance and Mortgage Broking Management delivers all the required skills for mortgage brokers, including both technical skills, and those needed for effective computer use, communication with others, and professional networking. Face-to-face workshops in the simulated business (or Practice Firm) space are used to deliver many of those critical skills, particularly those requiring the use of industry-specific software, or role playing of workplace interactions.
The live online classes are highly interactive and will give you many opportunities to discuss ideas and practice skills. You will participate in class learning activities including analysis of case studies and scenarios, group discussions, pair work and simulations of real-life job tasks. Other learning activities will include self-directed reading and skills practice, as well as online research.
The weekly learning activities are communicated through Canvas (RMIT’s online Learning Management System). This system provides the source of any recommended reading or learning activities (pre- or post-class).
Given the challenging nature of many of the skills you need to acquire as a mortgage broker, it will be necessary for you to undertake many of the required learning (non-assessment) tasks outside of class time. However, these prescribed activities are underpinned by classroom explanations, demonstrations and in-class practice, and are often the forerunner to structured assessment activities, many of which will also be undertaken outside of class time.
Clustering of units in this program
For learning and assessment purposes some units of competency have been grouped into clusters as shown in the table below:
Cluster name |
Units of competency |
|---|---|
Compliance |
LAW5762C Comply with financial services legislation (FNSCMP501) |
BAFI5255C Comply with financial services regulation and industry codes of practice (FNSFMK515) | |
Ethics |
BUSM8913C Apply ethical frameworks and principles to make and act upon decisions (FNSINC514) |
BUSM6651C Conduct work according to professional practices in the financial services industry (FNSINC411) | |
Risk |
BUSM8910C Undertake risk identification (FNSRSK511) |
BUSM8911C Assess risk (FNSRSK512) | |
Loan Applications |
BAFI5250C Prepare loan applications on behalf of clients (FNSFMB411) |
BAFI5251C Identify client needs and present broking options (FNSFMB412) | |
BAFI5249C Apply and maintain knowledge of financial products and services (FNSINC412) | |
Complex Lending |
BAFI5252C Identify and develop credit options for clients with special financial circumstances (FNSFMB512) |
BAFI5253C Present credit options to client with special financial circumstances (FNSFMB513) | |
BAFI5254C Implement complex loan structures (FNSFMB514) |
The remaining three (3) units are delivered as individual units. See details in the table below.
BAFI5248C Develop and maintain professional relationships in financial services industry (FNSCUS511) |
|---|
BUSM8909C Manage personal and professional development (BSBPEF501) |
BUSM8908C Grow financial practices (FNSPRM613) |
Assessment
Assessment tasks are designed to simulate the workplace and require you to demonstrate the practical application of your knowledge and skills to be deemed competent in all units of study. If you believe you may have already developed competency in one or more units through your prior experience (i.e. study/work/life) then you may apply for Credit Transfer/Recognition of Prior Learning (RPL) before the program commences or at any time during the program. Please refer to https://www.rmit.edu.au/students/my-course/enrolment/apply-for-credit
The methods of assessment used for individual or clustered units of competency will be dependent on unit requirements as stated in the training package. These will generally include some combination of:
- verbal or written questioning
- multi-media presentations to an assessor (with or without peers present)
- demonstrations of industry-specific techniques (e.g. completing templates or interacting with clients)
- portfolios of completed work
- case studies or scenarios
- work simulated projects
- role-play activities
- other tasks involving working with others
- supervised and timed tasks (performed under open-book conditions)
Some units will have an assessment component that requires you to work collaboratively with others so as to replicate the demands of job roles relevant to this program.
All assessment tasks will have processes in place to authenticate the assessment evidence you provide to your assessor. These processes may include:
- questioning and third-party endorsement for RPL applicants
- questioning/interviews/self-reflections for any tasks involving working as part of a group, and
- questioning and the use of Turnitin software for all individual assessment submissions uploaded via Canvas.
Learner support
In order to identify any learning support that individual learners may need to successfully complete the program, a customised online Language, Literacy and Numeracy (LLN) assessment is conducted for all students prior to the commencement of training. This assessment has been mapped to the Australian Core Skills Framework and is designed to highlight specific areas of assistance that may be required. Individualised learning support plans are then provided to students outlining the kind of support services that are available and how to access these. In addition, where cohorts of students are identified as having core skill gaps, teachers will incorporate additional Language, Literacy and/or Numeracy learning activities into the delivery of the program.
There is online help available for students’ reference regarding assessment preparation and research skills. The students are encouraged to access these resources (via their Canvas shells) references to the resource sites are given with the assessment instructions.
If you require assistance with study skills you can access Study Support: https://www.rmit.edu.au/students/support-services/study-support
Study Support offers practical advice on assignment writing and discipline-specific language and learning skills. It can also assist with specific skills you may need to succeed in this program, including any language, literacy or numeracy problems.
Equitable Learning Services
If you have a disability, long-term illness and/or mental health condition, or if you are a primary carer of an individual with a disability, then you can access support from the Equitable Learning Services (ELS). In consultation with you, the ELS determines Reasonable Adjustments (RAs) and Equitable Assessment Arrangements (EAAs). This support helps to provide you with equal opportunity in your studies in accordance with the Commonwealth Disability Discrimination Act 1992. The ELS also provides staff and students with information and assistance with respect to a range of disability-related matters.
If you require assistance you can access the Equitable Learning Services (ELS) at:
https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services
Ngarara Willim Centre
Aboriginal and Torres Strait Islander learners can gain support and encouragement from the Ngarara Willim Centre.
Ngarara Willim means ‘gathering place’ in the language of the Wurundjeri, the traditional custodians of the land where RMIT stands. Staff can assist learners to engage and re-engage with education. They offer ongoing guidance with study, living and cultural needs.
If you require assistance with your study and other matter you can access Ngarara Willim Centre:
https://www.rmit.edu.au/students/support-and-facilities/student-support/aboriginal-and-torres-strait-islander-students
Top of pageWork integrated learning
RMIT University is committed to providing you with an education that strongly links formal learning with workplace experience. As a student enrolled in this RMIT University program, you will be assessed on structured activities that allow you to learn, apply and demonstrate vocational competency.
This program does not have a formalised work placement. However, you will be undertaking various Work Integrated Learning (WIL) activities in a virtual work environment referred to as the 'Practice Firm'.
Top of pageProgram Structure
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