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MFAA New Guidelines

MFAA launches new learning and professional development pathways for members

The MFAA has announced that it has developed pathways and appointed preferred providers to ensure that members will be able to meet higher educational standards.

The MFAA’s Professional Credit Adviser program outlines a robust professional pathway for new members entering the industry and to support the development requirements of existing members. The pathways incorporate education, experience, practice standards and commitment to appropriate levels of professionalism.

  • MFAA’S NEW ACCREDITATION SYSTEM AND EDUCATION STANDARDS WAS TRANSITIONED FROM 1 JANUARY 2011.

New members will be required to comply with the above from 1 January 2011

  • EXISTING MEMBERS MUST ACHIEVE DIPLOMA (OR FAST TRACK) BY 31 JANUARY 2013
  • All New Members wishing to join the MFAA, must have completed a Diploma in Financial Services (Finance/Mortgage Broking Management) or be enrolled in the MFAA Certified Mentoring program.

As from 1 January 2011, MFAA’s new accreditation system will commence to be transitioned as follows: Diploma means:

  • Diploma Financial Services (Finance/Mortgage Broking Management) FNS50310 completed prior to (22/10/10) through an RTO, OR
  • Diploma Financial Services (Finance/Mortgage Broking Management) FNS50310 commenced prior to (22/10/10) through an RTO, OR
  • Diploma of Mortgage Lending provided Certificate IV in Financial Services (Finance and Mortgage Broking) FNS40815 is also held, OR
  • Diploma Financial Services (Finance/Mortgage Broking Management) FNS50310 completed after (22/10/10) through one of the preferred providers.

As from 1 January 2011, existing members, on provision to MFAA, evidence of Diploma (or Fast Track) will be provided with Credit Adviser accreditation.
Note:

  • Diploma Financial Services (Finance/Mortgage Broking Management) FNS50315 completed after (22/10/10) through an RTO other than those preferred by the MFAA, must also complete a case study set by MFAA
  • Members with 5 years experience who hold Diploma status and wish to achieve the higher MFAA accreditation, Certified Credit Adviser (CCA) will be required to complete a special MFAA Certification program (details to be released soon)
 

 

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