For mortgage brokers, MFAA membership establishes you as a trusted source of credit advice for borrowers. Belonging to the peak industry body shows you adhere to an industry code of practice which sets high professional and ethical standards for members.
At the MFAA, we strive to advance the interests of our members through leadership in advocacy, education and promotion, whilst providing a wide range of other services, tools and resources to help you build your business.
By joining the MFAA, you gain access to a range of benefits aimed at ensuring that we provide excellent value for your annual membership fee.
Categories and requirements
There are various membership categories available. As well as categories for brokers and broker businesses, there are categories to suit the variety of other finance industry stakeholder types, including non-loan writing individuals and students.
- Loan writers or brokers
- Mortgage managers
- Aggregators or Franchise groups
- Mortgage Insurers
- Trustees or other support services
- Non loan writers who are employees of MFAA members
Fees vary depending on the category of membership that suits your needs.
In addition to the support offered by the MFAA on advocacy, education and promotion, your membership fee gives you access to a range of exclusive benefits of membership, not available to members of other associations or to the public. Benefits include dedicated business development managers, free annual marketing consults, legal and compliance tools and resources and free new member welcome and orientation sessions, to name a few.
Find out more about the MFAA's fee structure here.
As with every profession, a minimum standard of education is one of the required elements to ensure members provide the highest standards of professional competence. MFAA members operate at higher standards in education, ethics and experience.
Find out more about the MFAA's education requirements here.
Here is a list of some Registered Training Organisations (RTO's) that provide Certificate IV and Diploma courses in Finance and Mortgage Broking.
As well as educational, financial and category-based requirements, MFAA members are required to fulfil additional requirements. Find out more about the MFAA's additional membership requirements here.