Mortgage Broker Mentor – Mentoring: Love, Care, and Mutual Discovery
โYou can not teach a man anything.ย You can only help him discover it within himself.โ ~Galileo Galilei Mentoring is the same process: reciprocity, discovery, and renewal. Education requires one to work with others and learn from others. The role of a mentor for early...
Mortgage Broker Mentor โ Tired of the 9 โ 5?
'I didn't have a life outside work': The return to the traditional 9 to 5 is exhausting. Flexible working was the biggest benefit of the pandemic, now it feels like we're back in the burn out eraโฆ A newly-employed graduate recently went viral on TikTok, sharing her...
Melbourne Mortgage Broker Mentor – Compensation Scheme of Last Resort โ Commencement of levies
From the 2024-25 financial year, credit providers, credit intermediaries, financial advisers and securities dealers will commence paying the annual Compensation Scheme of Last Resort Levy. Established by legislation in 2023, the Compensation Scheme of Last Resort will...
Melbourne Mortgage Broker Mentor – MFAA Code of Conduct and Disciplinary Rules Reviewed
The MFAA Board has approved amendments to the MFAA Code of Conduct and Disciplinary Rules. The MFAA Code of Practice and Disciplinary Rules exist to ensure members provide the highest levels of service to consumers in Australia. The Code and Rules are reviewed every...
Mortgage Broker Mentor โ Empower Women Mentor Program
Opportunities for Women Mortgage Brokers Consumers are using mortgage brokers more than ever. In fact more than 70% of mortgages are now originated through the services of mortgage brokers. As the Australian mortgage market continues to grow, with mortgage brokers...
Melbourne Mortgage Broker Mentor โ ACL holder Internal Dispute Resolution reporting obligations
The mandatory and ongoing obligation to report internal dispute resolution (IDR) data to ASIC is in its final phase, with all Australian Credit License (ACL) holders now required to lodge reports. ACLs are required to lodge their IDR data report for the period July โ...
Melbourne Mortgage Broker Mentor โ AI Tools to Successfully Improve your Business
In this article, we discuss some tools and technologies, including AI, that you might consider using to automate, streamline and support your broking business processes so you have more time for your clients. What is Artificial Intelligence (AI)?ย Generative AI is a...
Melbourne Mortgage Broker Mentor – Brokers bringing meaning to finances for young people
Despite the popularity of personal finance articles, podcasts and YouTube channels, financial literacy is an essential skill that Australians are falling behind on, and this can have profound impacts on future homeownership and financial security. Surveys, including...
Melbourne Mortgage Broker Mentor – Balance is key for AFCAโs SME lending complaints approach
Striking the right balance between maintaining access to credit for small businesses and a robust complaints framework is essential for the broader economy according to a recent Mortgage and Finance Association of Australia (MFAA) submission. In its submission to...
Melbourne Mortgage Broker Mentor – Serviceability remains number one barrier for borrowers looking to refinance
New survey findings from the Mortgage & Finance Association of Australia (MFAA) have confirmed that serviceability remains the number one reason mortgage broker clients are unable to refinance. The second Refinancing and Mortgage Stress survey, with over 440...