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Jessica Darnbrough
While a number of brokers were unhappy about having to complete the Diploma so soon after the legislation was introduced, it seems the majority have welcomed the experience because of the extra knowledge they have gained.
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Speaking to The Adviser, AAMC Training Group’s Managing Director, Jeff Mazzini said a majority of applications were of the highest quality which only ultimately leads to faster responses from assessors.
"Our assessors have over 80 years’ experience and, according to them, some of the applications they have seen over the last couple of months are brilliant,” he said.
“Because of the e-application online process, the assessment tasks are made easier for our assessors as they do not have to lick their fingers to turn pages. It is also much simpler if one has to refer back to a previous comment or task. Our online assessment system has simplified the role for the assessors and allows them to look more closely at submissions. The response from our clients has been very positive."
Mr Mazzini said the quality of applications was not only pleasing to see, but it reflected positively on the industry as a whole.
"More brokers are becoming increasingly aware of the need to up-skill in order to present a professional image," he said.
“The third party distribution channel is definitely a professional industry, with which we are extremely proud to be associated. The players left in the market know what they are doing, they understand the state of play and are well positioned to give excellent mortgage advice to their clients.
Whilst the majority of mortgage brokers have managed to pass their Diploma with “flying colours”, Mr Mazzini said there were a few brokers who struggled.
“A lot of brokers were working to the 2004 version, when there was really no compliance or transparency, but this is no longer relevant, although some problems have arisen because of this.
“That said, on the whole, most brokers have gone above and beyond what is required, which highlights their passion for the industry.”
