As with every profession, a minimum standard of education is one of the required elements to ensure members provide the highest standards of professional competence. MFAA members operate at higher standards in education, ethics and experience.

Finance Broker level membership is available to those who meet the following criteria:

  • Hold a Certificate IV Finance and Mortgage Broking (FNS40820, FNS40815, FNS40811 or FNS40810), and
  • Hold a Certificate IV Finance and Mortgage Broking (FNS40820, FNS40815, FNS40811 or FNS40810), and
  • Hold a Diploma Finance and Mortgage Broking Management (FNS50320, FNS50315, FNS50504 or FNS50311), and 
  • have less than 2 years of experience, in the last 5 years,  in mortgage lending, mortgage broking, finance broking or commercial broking, and
  • have more than 2 years of experience, in the last 5 years, in mortgage lending, mortgage broking, finance broking or commercial broking, and
  • have less than 2 years of experience, in the last 5 years, in mortgage lending, mortgage broking, finance broking or commercial broking, and
  • agree to be mentored according to MFAA guidelines*, and
  • successfully complete the online evaluation: MFAA Experience and Skills Evaluation ($49), and
  • agree to be mentored according to MFAA guidelines*​
  • complete, within 12 months of joining MFAA, the Diploma Finance and Mortgage Broking Management FNS50315 / FNS5054 / FNS50311 / FNS50320
  • complete within 12 months of joining MFAA, the Diploma Finance and Mortgage Broking Management FNS50315 / FNS5054 / FNS50311 / FNS50320