The MFPA is a professional designation awarded by the MFAA to experienced mortgage brokers who demonstrate professional excellence and have completed the tertiary-level Mortgage Finance Professional (MFP) Program developed with RMIT.
Study mode: self-paced, online
Cost: $990 (including GST)
Study hours: 40 hours maximum
CPD hours: 20
Duration: Although the program is completely self-paced, as a guide, the duration may total around 8 weeks (based on 5 hours per week).
All MFAA members who have at least 2 years active loan writing and the completed Diploma of Finance and Mortgage Broking Management are MFAA Accredited Brokers. The MFPA is an additional designation which requires further broking experience, advanced professional standing, ongoing commitment to learning, and leadership within the profession.
To ensure you have the foundational knowledge, experience and professionalism to apply for the MFPA you need to have at least 5 years of broking experience, have settled at least 250 loans, have current MFAA membership with CPD requirement met, hold a Diploma of Finance and Mortgage Broking Management and supply two professional endorsements (one from an aggregator) confirming your tenure and experience.
Apply through the MFAA website, where you will find detailed guidance on the application process and what you need to prepare. To ensure your application is processed efficiently, please use the same email address you use for your MFAA membership.
There is a fee which covers the MFP Program, the Credly digital badge for course completions and the MFPA designation badge issued by MFAA. Current pricing is $990 (including GST). There are no additional costs.
RPL is not available for the MFP courses.
The MFP Program which comprises the MFP course and the electives is only available to MFAA members who have applied for the MFPA designation.
The MFP Program is delivered through RMIT Online’s Learning Management System, Canvas. Your enrolment in the MFP Program is valid for 12 months and you are able to download the course materials. The MFP Program is estimated to take no more than 40 hours in total.
Yes. The MFPA designation constitutes 20 hours of CPD.
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