Mortgage Broker Assist is Australia’s premier mortgage broker mentoring organization. Our courses are practical and educational and above all, enable the new entrants to become successful mortgage brokers.
The Mortgage Broker Assist courses have a 4 tiered approach.
Enroll in MBA’s Finance & Mortgage Broker Mentor Program to start living the life you’ve always wanted.
Mortgage broking is one of the most challenging professions in the financial services industry, but you don’t have to do it alone.
A mortgage broker mentor will assist you in setting goals, developing a business plan, and achieving your dreams sooner.
So, how exactly does mentoring work?
What will you learn?
Mentoring can teach you the following things at the most fundamental level:
It’s a mandatory requirement
The Mortgage and Finance Association of Australia (MFAA) and the Finance Brokers Association of Australia (FBAA) require all new brokers to be mentored for the first 2 years of their career.
After recognizing the low success rates of new-to-industry brokers, the industry incorporated a mentor-supported pathway in 2009.
As long as you are part of a structured mentoring program, you can start your business and start building your brand as a mortgage broker.
You can then be nominated for MFAA or FBAA membership by an existing member, who will then serve as your mentor.
To be eligible, an existing member must have the following:
The FBAA does not have a formal program. Instead, they require mentees to keep a professional development log, which documents the time they spend with their mentor.
Your mentor will be required to send a letter to the FBAA at the end of the two years stating that you are competent to continue mortgage broking.
Why is mentoring a requirement?
It comes down to compliance and the industry upholding its obligations to maintain a high standard of education and professionalism.
There is a lot for new mortgage brokers to learn, and it goes way beyond understanding credit, the home loan process, and compliance.
You must learn how to become a natural salesman, generate leads, network, and manage your pipeline and overall business.
This is where great mentoring programs differ from mediocre ones.
The fact is, new brokers will face rejection daily, so motivation is essential for meeting your medium and long-term goals.
This can only be obtained from someone who has “been there and done that.”
Put your professional career in the right hands
It’s about structure, support, and success. MBA is setting new standards in the training and professional development of mortgage brokers. Approved by the peak national body, MFAA, our Mentor Program suits:
Our Structured Mentor Program
You don’t get MFAA approval unless your Mentor Program is one of the most comprehensive, well-rounded ‘how-to’ programs in the market.
This is a program designed for you. New entrants can expect the structure and ongoing support they need to successfully achieve their objectives.
It includes ALL of the essential components: industry compliance, business planning, loan products, lending structures, marketing strategies, business development, and financial selling skills. This program combines “classroom” and “field” learning environments. This means consistent, measurable, high-performance results that matter to you.
Participants will learn how to:
Full support over the 2 years with:
Participants enjoy real value for money
