Former Aussie mortgage broker Emma Feduniw, also known as Emma Khalil, has been banned from the credit and financial services industries following her conviction of home loan fraud in June.

ASIC has permanently banned Brisbane-based Feduniw after its investigation led to her being convicted on 3 June 2016 in Beenleigh Magistrate's Court on eight charges relating to home loan fraud. She was convicted and fined $8,500.

ASIC's investigation found that Feduniw provided documents in support of eight loan applications knowing that they contained false or misleading information about the applicant's employment.

“ASIC wants to ensure that dishonest brokers are removed from the industry,” ASIC deputy chair Peter Kell said. 

“We will take all necessary steps to achieve this.”