The Mortgage & Finance Association of Australia (MFAA) and the Commercial & Asset Finance Brokers Association of Australia (CAFBA) have announced they have entered into a strategic partnership aimed at strengthening the relationship between the two organisations for the benefit of their members.
The MFAA is the peak association for the mortgage and finance broking industry representing over 15,000 members throughout Australia.
CAFBA is the only industry association focusing solely on professional commercial finance brokers in Australia, representing over 1,000 firms and brokers nationwide.
The two organisations have signed a Memorandum of Understanding (MOU) which provides a formal framework for cooperation between the two organisations, including collaborating on matters of mutual interest, fostering innovation, and jointly nurturing and promoting a finance broking profession that adheres to the highest standards.
“We have enjoyed a close relationship with CAFBA over many years, and we’re excited to see this relationship formalised. We believe this MOU will strengthen both our associations and pave the way for a united front on key industry issues,” said MFAA CEO Anja Pannek.
“By working together, we can enhance our efforts on behalf of our members and leverage resources to innovate and deliver superior resources.”
CAFBA CEO David Bushby agreed stating: “CAFBA and the MFAA have repeatedly found there is real benefit to all our members by working together, sharing resources and aligning our advocacy efforts.”
“The benefits for our members and the wider industry of a strong relationship between the two associations will only become more important as the broking industry further grows and evolves,” he continued.
“I am delighted that this relationship is being formalised by the signing of this MOU and look forward to CAFBA and the MFAA continuing to deliver even more for our members and the industry.”
The MOU will also allow the MFAA and CAFBA to expand education and professional development initiatives through joint programs, ensuring their members meet the highest level of capability and professionalism in the finance broking sector as well as undertaking research for the benefit of the industry.
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