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The decision to become a mortgage broker is exciting but can also bring with it some uncertainty, leaving many aspiring brokers wondering what tools they need to find their feet in the industry. To ease these concerns, The Adviser speaks to a range of industry leaders and educators to find out what new brokers need to equip themselves with to flourish in the profession.
AS THE mortgage broking industry goes from strength to strength, it is increasingly attracting new entrants from all walks of life. The Finance Brokers Association of Australia (FBAA) says it welcomed over 1,500 new-to-industry brokers nationwide last year, and the Mortgage & Finance Association of Australia (MFAA) on-boarded 745 in NSW alone. Further, the CEO of professional education and training body Kaplan Professional, Brian Knight, revealed that the registered training organisation witnessed a 20 per cent year-on-year increase in demand for its broking courses in 2016, “which shows it’s a real career option for people”.
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