Individual membership for finance brokers (loan writers)

I have a Certificate IV in Finance and Mortgage Broking and less than 2 years loan-writing experience

Education Prerequisites

Have ready the following documents to upload:

  • Certificate of completion for the Certificate IV in Finance and Mortgage Broking
  • Completed Mentor Declaration form, as you have less than two years loan writing experience, you will require mentoring
  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • ACL/ACR Number or Letter of Intent from your aggregator
  • Licensee Declaration form if you reside in Australia and have a valid work visa
  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
  • MFAA Initial Compliance Pack $220
Join now
I have a Certificate IV in Finance and Mortgage Broking and more than 2 years loan-writing experience

Education Prerequisites

Have ready the following documents to upload:

  • Certificate of completion for the Certificate IV in Finance and Mortgage Broking
  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • ACL/ACR Number or Letter of Intent from your aggregator
  • Licensee Declaration form if you reside in Australia and have a valid work visa

Loan Writing Experience

If you do not have more than 2 years loan writing experience in the past 5 years, you will require Mentoring.

  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
  • MFAA Initial Compliance Pack $220
Join now
I have a Diploma in Finance and Mortgage Broking Management and less than 2 years loan-writing experience

Education Prerequisites

Have ready the following documents to upload:

  • Certificate of completion for the Diploma in Finance and Mortgage Broking Management
  • Completed Mentor Declaration form, as you have less than two years loan writing experience, you will require mentoring
  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • ACL/ACR Number or Letter of Intent from your aggregator
  • Licensee Declaration form if you reside in Australia and have a valid work visa
  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
  • MFAA Initial Compliance Pack $220
Join now
I have a Diploma in Finance and Mortgage Broking Management and more than 2 years loan-writing experience

Education Prerequisites

Have ready the following documents to upload:

  • Certificate of completion for the Diploma in Finance and Mortgage Broking Management
  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • ACL/ACR Number or Letter of Intent from your aggregator
  • Licensee Declaration form if you reside in Australia and have a valid work visa

Loan Writing Experience

If you do not have more than 2 years loan writing experience in the past 5 years, you will require Mentoring.

  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
  • MFAA Initial Compliance Pack $220
Join now

Individual membership for other professionals (non-loan writer)

I am a professional who works in the mortgage and finance broking industry but does not write loans

Education Prerequisites

  • Nil

Have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Licensee Declaration form if you reside in Australia and have a valid work visa
  • Membership fee $158
  • Application fee $125
  • Credit check fee $20
Join now

Individual membership for a student

I am a student in the mortgage and finance broking industry

Education Prerequisites

  • Nil

Have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Licensee Declaration form if you reside in Australia and have a valid work visa
  • Membership fee $158
  • Application fee $125
  • Credit check $20
Join now

Business membership for accredited finance brokers

I have a Diploma in Finance and Mortgage Broking Management and more than 2 years loan-writing experience and I employ/contract other loan writers

Education Prerequisites

Have ready the following documents to upload:

  • Certificate of completion for the Diploma in Finance and Mortgage Broking Management
  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • ACL/ACR Number or Letter of Intent from your aggregator
  • Licensee Declaration form if you reside in Australia and have a valid work visa

Loan Writing Experience

If you do not have more than 2 years loan writing experience in the past 5 years, you will require Mentoring.

Other requirements

  • Your employees and contractors must also be members of the MFAA
  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
  • MFAA Initial Compliance Pack $220
Join now

Business membership for non-loan writers

I do not write loans but my employees and contractors are writing loans

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • Licensee Declaration form if you reside in Australia and have a valid work visa

Other requirements

Your employees and contractors must also be members of the MFAA

  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
Join now

Business membership for mortgage managers dealing directly with the public

I have a Diploma in Finance and Mortgage Broking Management and more than 2 years loan-writing experience and I employ/contract other loan writers

Education Prerequisites

Have ready the following documents to upload:

  • Certificate of completion for the Diploma in Finance and Mortgage Broking Management
  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • ACL/ACR Number or Letter of Intent from your aggregator
  • Licensee Declaration form if you reside in Australia and have a valid work visa

Loan Writing Experience

If you do not have more than 2 years loan writing experience in the past 5 years, you will require Mentoring.

  • Membership fee $540
  • Application fee $125
  • Credit check fee $20
  • MFAA Initial Compliance Pack $220
Join now

Business membership for mortgage managers not dealing directly with the public

I do not write loans but my employees and contractors are writing loans

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume showing at least 2 years of broking/loan writing experience in the last 5 years
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Australian Financial Complaints Authority (AFCA) membership for the External Dispute Resolution (EDR) Scheme
  • Certificate of Currency for Professional Indemnity (PI) Insurance
  • Licensee Declaration form if you reside in Australia and have a valid work visa
  • Membership fee (1-5 employees/representatives) $1,010
  • Membership fee (6-15 employees/representatives) $1,125
  • Membership fee (16+ employees/representatives) $3,685
  • Application fee $125
  • Credit check fee $20
Join now

Corporate memberships

We offer corporate membership for Aggregators, Lenders, Mortgage insurers, trustee companies and support services.

My business is an aggregator or franchise group. I will be the non-loan writing nominated representative of this membership.

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Currency for Professional Indemnity (PI) Insurance for the business
  • Membership fee (under 30 members) $2,175
  • Membership fee (31-100 members) $3,855
  • Membership fee (101+ members) $5,850
  • Application fee $125
  • Credit check fee $20
Join now
My business is a trustee company. I will be the non-loan writing nominated representative of this membership.

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Currency for Professional Indemnity (PI) Insurance for the business
  • Membership fee $890
  • Application fee $125
  • Credit check fee $20
Join now
My business is a mortgage insurer. I will be the non-loan writing nominated representative of this membership.

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Currency for Professional Indemnity (PI) Insurance for the business
  • Membership fee $19,300
  • Application fee $125
  • Credit check fee $20
Join now
My business is a lender or funder. I will be the non-loan writing nominated representative of this membership.

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Currency for Professional Indemnity (PI) Insurance for the business
  • Membership fee ($1bn and over) $19,300
  • Membership fee ($350m-$1bn) $13,040
  • Membership fee (less than $350m) $4,770
  • Application fee $125
  • Credit check fee $20
Join now
My business offers support services to the finance broking industry. I will be the non-loan writing nominated representative of this membership.

Education Prerequisites

  • Nil

As the Nominated Representative have ready the following documents to upload:

  • Current photo ID (i.e. Drivers License or Passport)
  • Current Curriculum Vitae (CV)/Professional Resume
  • National Criminal History Record Check (no more than 3 months old)
  • Credit Report (no more than 3 months old). Note: The MFAA can do this check but cannot provide a copy of the document to you.
  • Certificate of Currency for Professional Indemnity (PI) Insurance for the business
  • Membership fee $990
  • Application fee $125
  • Credit check fee $20
Join now

Membership requirements

All applications for loan writing memberships:

  • 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 (e.g. a Personal Insolvency Agreement)
  • 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 the 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. Persons residing in Australia who hold an Australian work visa will be considered on a case-by-case basis. You must provide a certified copy of your work visa and a signed copy of the Licensee Declaration form and upload the completed document with your membership application
  • must be appropriately licensed or appointed as a Credit Representative under the National Consumer Credit Protection Act 2009.

Membership declarations

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.

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 applications for membership are subject to the MFAA Disciplinary Rules (Section 4.3).

Members with a loan writing membership must complete 30 hours of CPD each year, and then every second renewal of membership they will be required to complete AML/CTF training.

Diploma of Finance and Mortgage Broking and Management

The MFAA regards the Diploma in Finance and Mortgage Broking Management as the minimum educational standard.

If you have a Certificate IV in Finance and Mortgage Broking, you must complete the Diploma in Finance and Mortgage Broking Management within 12 months of joining the MFAA. This is a requirement to renew your membership at the end of your first year of membership.

Membership term

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

* All fees are inclusive of GST.

^ A merchant fee surcharge of 1.35% applies to all credit and debit card payments including Visa, Mastercard and AMEX credit card payments.

Membership forms

Access the forms you need to make changes to your membership or provide additional information as part of your application.

More information

Our frequently asked questions page provides further details about becoming an MFAA member.