Steps to becoming a mortgage broker

1. Sign-up to the MFAA

It’s free to sign-up and access some of our membership benefits.

Sign up with the MFAA

2. Get qualified

Complete your Certificate IV in Finance and Mortgage Broking and Diploma of Finance and Mortgage Broking Management.

There are a range of Registered Training Organisations (RTO) that offer these courses.

Find out more

3. Choose an aggregator

Aggregators can appoint you as a Credit Representative under their Australian Credit License, give you access to a panel of lenders, provide you with business platforms, tools and professional services to become a Finance Broker.

Our aggregator members

4. Choose a mentor

When you embark on your first two years as a broker you will need a mentor to oversee your work.

A mentor is an experienced broker who will help you develop your knowledge and skills.

More about mentoring

5. Key requirements

Understand the mortgage and finance industry compliance requirements and key documents and reports required.

Find out more

6. Apply for membership

Once you’ve completed your education, selected an Aggregator, and obtained professional indemnity insurance (if applicable) you can apply for membership of the MFAA.

Become a Finance Broker

Contact us today

Whilst there are several other smaller steps along the way to becoming a broker, by joining the MFAA, we will be able to give you dedicated help and support along your journey.

MFAA members also receive an extensive range of benefits that will help you build and run successful businesses.