Become a builder of dreams

​​​​​​​​​​Throughout your career you will benefit from the amazing opportunities and support networks offered by the MFAA.

How do I join MFAA?

​​​​​​​​​Prior to joining online, please read the information below to determine the correct type and level of membership for you.

Membership Categories

New experienced broker membership program

MFAA has made its new members' programme more flexible to accommodate industry growth. The programme now allows a professional with two or more years of industry experience and a Certificate IV to become an MFAA member. They can then commence loan writing immediately based on a commitment to obtain the diploma within 12 months. Each applicant will undergo an Experienced Broker Evaluation process to ensure the MFAA high standards supported. 

What type of membership suits me best?

Membership of MFAA will help you no matter where you sit in the industry. Membership is tailored to

  1. Loan writers or brokers
  2. Mortgage managers
  3. Aggregators or Franchise groups
  4. Lenders/funders
  5. Mortgage Insurers
  6. Trustees or other support services 
  7. Non loan writers who are employees of MFAA members 
  8. Students


If you are a loan writer or broker who is new to the industry (less than 2 years loan writing experience in the last 5 years or Certificate IV qualification) you must join as an Individual member.

If you are an experienced loan writer (more than 2 years loan writing experience in the last 5 years ) you can join either as an Individual member or a Business member.

If you are in categories 2 – 6 above, you can join as a Business member.

Those who are employed by a MFAA member, but who are not loan writers, can join as an Individual Non Loan Writer. 

Full time students not working as loan writers can also join as an Individual Student member.

Note that a new or renewed MFAA membership cannot be refunded as the membership is confirmation of accreditation for 1 year.   ​

What is the difference between Individual and Business membership?

 

With Individual membership, the person who joins is the member. Business membership is in the name of the business (one business name only) ​and one person is appointed as the Nominated Representative of the business. This one person is considered to be a MFAA member. Business members are also able to promote their membership more prominently than Individual members. 

Please note that Individual members must be citizens or residents of Australia.  Business members must have at least one principal, director or partner who is a permanent resident or holds citizenship of Australia, and the business must have physical presence in Australia. 

See the current fee schedule​ Fees​​​ and below: 

Member ​​type  Membership fee 16/17
Fee increase  
Individual member - loan writer 470
   
Individual member - non loan writer 145
   
Student Member 145
   
Broking Business or Mortgage Management business dealing directly with the public 470
   
Mortgage Management business not dealing directly with the public  
1-5 employees/representatives 730
6-15 employees/ representatives 730
16+ employees/ representatives 2680
   
Aggregator/ Franchise Groups  
Under 30 1500
31-100 2680
101 + members 4045
   
Trustee Company 745
   
Mortgage Insurer 13365
   
Lender/funder  
$1B & over 13365
$350M to less than $1B 9105
Less than $350M 3215
   
Support Services 715
   
Membership Application Fee 112
   
Credit Check Fee 16
   
Initial Compliance Pack 215


What are the requirements to join MFAA?


Join as an Individual Member


Finance Broker level

Finance Broker level membership is available to those who meet the following criteria:

  • Hold a Certificate IV Finance and Mortgage Broking (FNS40815, FNS40811 or FNS40810), and

  • have less than 2 years of experience, in the last 5 years,  in mortgage lending, mortgage broking, finance broking or commercial broking, and

  • agree to be mentored according to MFAA guidelines*, and

  • complete, within 12 months of joining MFAA, the Diploma Finance and Mortgage Broking Management  FNS50504 / FNS50311 

  • Hold a Certificate IV Finance and Mortgage Broking (FNS40815, FNS40811 or FNS40810)​, and

  • have more than 2 years of experience, in the last 5 years, in mortgage lending, mortgage broking, finance broking or commercial broking, and

  • successfully complete the online evaluation: MFAA Experience and Skills Evaluation ($49), and

  • complete within 12 months of joining MFAA, the Diploma Finance and Mortgage Broking Management  FNS50504 / FNS50311

  • Hold a Diploma Finance and Mortgage Broking Management FNS50315, FNS50504 or FNS50311,​ , and 

  • have less than 2 years of experience, in the last 5 years, in mortgage lending, mortgage broking, finance broking or commercial broking, and

  • agree to be mentored according to MFAA guidelines*​

The following are required for your membership to be appr​​oved at the Finance Broker level:

  • completion of the MFAA Experience and Skills Evaluation ($49) if your loan writing experience is over 2 years

  • a copy of your current CIO or External Dispute Resolution (EDR) Scheme membership certificate



  • a certified* copy of a photograph identification document

  • a copy of your Credit Report (no more than 3 months old)

  •  a copy of your education certificate (Certificate IV or Diploma as outlined above)

  • a copy of your current Resume / Curriculum Vitae (CV)

 

Accredited Finance Broker (AFB)

Accredited Finance Broker level membership is available to those who meet the following criteria:

  • Hold a Diploma Finance and Mortgage Broking Management FNS50315, FNS50504 or FNS50311,​ and  

  • have more than 2 years of experience in the last 5 years of mortgage lending, mortgage broking, finance broking or commercial broking

The following are required for your membership to be approved at the Accredited Finance Broker level:

  • a copy of your current CIO or External Dispute Resolution (EDR) Scheme membership certificate



  • a certified* copy of an Identification Document

  • a copy of your Credit Report (no more than 3 months old)

  • a copy of your education certificate (Certificate IV or Diploma as outlined above)

  • a copy of your current Resume / Curriculum Vitae (CV)

 

Student

This category is granted to those who are not yet writing loans and are enrolled in Certificate IV Finance and Mortgage Broking FNS40815, FNS40811 or FNS40810  or Diploma Finance and Mortgage Broking Management FNS50315, FNS50504 or FNS50311,.

The following are required to become a Student level member: 

  • P​roof of enrolment in the Diploma Finance and Mortgage Broking Management FNS50315, FNS50504 or FNS50311,​ or Certificate IV Finance and Mortgage Broking (FNS40815, FNS40811 or FNS40810)


  • a certified* copy of an Identification Document

  • a copy of your Credit Report (no more than 3 months old)

  • a copy of your current Resume / Curriculum Vitae (CV)

Non loan writer

This membership level is available to non loan writers who are employees of MFAA members. The following are required to become a non loan writer member:

  • ​a certified* copy of an Identification Document

  • a reference from your MFAA member employer


  • a certified* copy of an Identification Document

  • a copy of your Credit Report (no more than 3 months old)

  • a copy of your current Resume / Curriculum Vitae (CV)​​

Join as a Business Member

Business membership is available to those who require membership in the name of their Business. 

Business members have a Nominated Representative attached to the membership, and must have a Loan Writer employed by the business. The Nominated Representative and Loan Writer can be the same person. All other Loan Writers working for the business, whether employed or contracted, must be MFAA members or become MFAA members within 3 months of the Business joining MFAA.

At least one director, partner or principal will need to have a minimum of two years' appropriate experience in the mortgage broking, mortgage lending, mortgage management or finance broking industry in the last five years. 

Applicants must hold a Diploma Finance and Mortgage Broking Management FNS50315, FNS50504 or FNS50311.

The Nominated Representative and Loan Writer will need to submit:  ​


  • a copy of your current CIO or External Dispute Resolution (EDR) Scheme membership certificat



  • a certified* copy of an Identification Document

  • a copy of your Credit Report (no more than 3 months old)

  • a copy of your education certificate 

  • a copy of your current Resume / Curriculum Vitae (CV)

More information about the supporting documents we require

Click here for more information about the supporting documents you are required to submit. ​

Additional requirements for membership

All applications for Full Membership:

  • must be of good character and repute and a fit and proper person to be an MFAA Member

  • must not be currently Bankrupt, or subject to control under the Bankruptcy Act 1966

  • will not be accepted for MFAA membership if they have a charge pending involving fraud or dishonesty or have been convicted of, or found to have committed, an offence concerning fraud or dishonesty

  • must not be an externally-administered body corporate as that expression is defined in the law

  • must be over 18 years of age

  • must ensure documents submitted to join MFAA or renew membership are true and accurate

  • must reside in Australia holding either Australian or New Zealand citizenship, or permanent resident status in Australia​​

  • must be appropriately licensed or appointed under the National Consumer Credit Protection Act 2009 


Declaration: All applicants complete an online declaration as part of the online application, attesting to being a fit and proper person to be an MFAA member. Additional information may be required subject to the answers given. 

Validity: Membership runs for 12 months and cannot be refunded once a new membership has commenced or an existing membership renewed.​


Right of Appeal: All applications for MFAA membership​ are subject to assessment prior to approval. The MFAA may, in its absolute discretion, refuse to approve an application. Appeals against refusal of membership are subject to the MFAA Disciplinary Rules (Section 3.2).

Do you need more information? The MFAA Membership team are ready to help. Give them a call on 1300 554 817 or email membership@mfaa.com.au  ​

​​ Click Here to Apply Now​​​​​​​​