News

Prospa Groundbreakers: PJ Patterson of Keystone Financial

PJ Patterson of Keystone Financial recently received the MFAA State Excellence Community Champion Award NSW/ACT, and it is not difficult to see why.

Two years ago, PJ realised it was time to give more back. Fortuitously, he was introduced to the global philanthropic B1G1 (Buy1Give1) endeavour, and the rest is history.

MFAA CEO Message: MFAA membership fees to remain unchanged for FY21

"Just a very short message today to let you know that following completion of the MFAA budgeting process for FY21, we have finalised membership fees for the coming year and are pleased to advise that we have been able to keep fees in all categories of membership unchanged for the full duration of FY21," MFAA CEO Mike Felton said.

MFAA CEO Message & Update

Today, ASIC has released its updated regulatory guidance on the Best Interests Duty for mortgage brokers - the final ASIC Regulatory Guide 273. This follows the draft document released earlier this year, which was the subject of consultation by ASIC during February and March. The MFAA welcomes the guidance and the amendments made to the draft. We believe the changes have strengthened and clarified the guidance on what is expected of mortgage brokers and the manner in which compliance with the new legislation will be assessed.

Top industry professionals recognised at MFAA State Excellence Awards 2020

The MFAA State Excellence Awards 2020 has wrapped-up with the first ever virtual Excellence Awards recognising each state and territories most outstanding finance industry professionals proving to be a success.

After a uniquely challenging year, the awards provided a much-needed and much-deserved opportunity to celebrate the wonderful work being done by MFAA members in the mortgage and finance broking industry on behalf of their clients throughout the state and territory.

Free consumer article: 5 Ways to Fund a Renovation

As part your MFAA membership, you have exclusive access to a library of professionally written articles on finance topics of interest to consumers to assist you to engage your customers and market your service.

This week’s consumer article seeks to assist those interested in renovating their property with some finance options that may be available.

MFAA Champions of Diversity - Mary Nebotakis, Natloans

Adaptability, resilience and the importance of embracing change are the things that Natloans CEO and Founder Mary Nebotakis believes are integral to ensuring longevity in mortgage and finance broking.

Prospa Groundbreakers: Huy Truong of ALI Group - Part 2

Huy Truong of ALI is not your ordinary Australian businessman or MFAA Prospa Groundbreaker. As a young child in 1978, Huy and his family boarded a fishing trawler with 24 others to escape the oppressive aftermath of the Vietnam War and start a new life in Melbourne, Australia.

MFAA National Mortgage Managers Forum – Expression of Interest

The MFAA is in the process of re-establishing the MFAA National Mortgage Managers Forum to allow and encourage engagement with this key industry sector and to ensure that the views of mortgage managers are given clarity and are carefully considered, particularly where the MFAA is responding to consultation from Government and from Regulators.

Prospa Groundbreakers: Huy Truong of ALI Group

Huy Truong of ALI is not your ordinary Australian businessman or MFAA Prospa Groundbreaker. As a young child in 1978, Huy and his family boarded a fishing trawler with 24 others to escape the oppressive aftermath of the Vietnam War and start a new life in Melbourne, Australia.

BID/REM Legislation and Explanatory Memorandum

Financial Sector Reform (Hayne Royal Commission Response—Protecting Consumers (2019 Measures)) Act 2020. 
(No.2, 2020)

The Financial Sector Reform (Hayne Royal Commission Response –  Protecting Consumers (2019 Measures)) Act 2019 (Cth) was passed by the Federal Parliament and Assent was given on 17 February 2020. The legislation is effective for mortgage brokers from 1 January 2021.

Best interest duty, remuneration changes and other mortgage broking reforms delayed

The Australian Securities & Investments Commission (ASIC) has announced deferral of the commencement date of the mortgage broker best interest duty and remuneration reforms and the design and distribution obligations for six months from their original commencement dates.

MFAA Champions of Diversity - Renee Tocco, LOANEZI

With an entrepreneurial flair and a good understanding of customer needs shaped by more than a decade in senior corporate sales roles, LOANEZI founder and Managing Director, Renee Tocco has long recognised the business benefits of diversity and inclusion.

Free consumer article: Fixed rate loans; the ins and outs

As part your MFAA membership, you have exclusive access to a library of professionally written articles on finance topics of interest to consumers to assist you to engage your customers and market your service.

This week’s consumer article seeks to inform consumers of the role that brokers may be able to play in assisting those who are considering a home loan to understand their fixed or variable rate options.

Prospa Groundbreakers: Jeremy Fisher of 1st Street Financial on stepping up in tough times

Jeremy Fisher of 1st Street Financial showed generosity and community spirit when in response to the devastating bushfires of Summer 2019/20, he established a broker disaster relief fund which, with the help of industry partners, went on to raise over $475,000.

Just months later, Jeremy has turned his attention to helping his local community and clients as they cope with the impact of COVID-19 and some of the toughest economic conditions anyone has seen in over a century.

Watch Now: Embracing the Opportunities with Natalie Price

MFAA's State Manager - Business Development WA, Natalie Price, discusses with Loan Market's State Director, Royden D'Vaz, on establishing good relationships in the current environment and more.

Available to watch now: 

Watch Now: Zooming in with Kylie Louden Pt.2

MFAA's State Manager - Business Development VIC/TAS, Kylie Louden, discusses with Intuitive Finance's Managing Director, Andrew Mirams, on support systems and how times have changed for many of us not just technologically but on a level of human connection and interaction.

Available to watch now:

Prospa’s Long Road – Tales of Regional Brokers: Danyelle Frank of My Lending Specialist

It’s been a busy four years for Danyelle Frank of My Lending Specialist in Griffith NSW.

After taking the leap to start her own business in 2016, Danyelle has made strategic steps to ensure her business and brand is the first thought for Griffith locals in need of finance.

Start Going Digital with Zarko Jokic

Available to watch now:

Zarko Jokic, our State Manager - Business Development NSW/ACT, speaks with Marius Du Preez, Director of Swell Marketing on everything currently happening in the industry and they provide helpful tips and ideas on how to overcome the hurdles delivered by the pandemic and move your broker business forward.

Zooming in Pt. 1 with Kylie Louden

Available to watch now! 

Kylie Louden, our State Manager - Business Development VIC/TAS, speaks with Tim Reynolds, Director of Accession Finance in Williamstown. Tim has shared some of his tips on how he is managing his team in these very strange times.

Navigating Property Valuations Through Covid-19 with Wendy Robertson

Gain insights into navigating property valuations through COVID-19 with our SA/NT State Manager - Business Development, Wendy Robertson and Will Johnson, Residential Director of Herron Todd White.