The mortgage broker channel has recorded its highest ever market share result for the December quarter with brokers settling 59.4 per cent of all residential home loans during October – December 2020, according to the latest data released by research group comparator, a CoreLogic business, and commissioned by the MFAA.
As the MFAA’s fifth ever member, John Macalyk is one of our industry’s longest serving professionals with more days under his belt than most. But it’s how the AAA Financial Group Managing Director has made his days count, staying one step ahead of a rapidly evolving industry to deliver top notch service for almost four decades that truly sets him apart.
A resourceful businesswoman, Fiona Bryce of Loan Market, is this editions feature for Prospa Long Road - Tale of Regional Brokers. Fiona has managed to handle a isolated 250 acres of land, 150 heads of cattle, all while co-managing a successful broker business based in Sydney. Now weeks away from launching an online meat business, Fiona is stepping into 2021 at full speed.
When the pandemic showed signs of affecting the economy in early 2020 South Australian agricultural finance broker David Coyner decided to get his farming fix by helping a mate do some seeding. But the phone kept ringing, and rather than let the fact that he was sitting on a tractor stop him, David continued to take calls and help clients. It’s this commitment to customer service and passion for agriculture that ensures the Riverland Lending Services broker is at the top of his game.
Almost 15 years later, Michelle still recalls the euphoria she felt when she won her first “morgie” and encourages anyone considering entering the MFAA Excellence Awards to jump in and do it. “It was such a great experience. I was organising my wedding at the time, and I remember flying to Sydney and winning this prestigious award.
This edition of Prospa’s Long Road – Tales of Regional Brokers focuses on MFAA Regional Excellence Award winning broker Aaron Vogt of Preferred Finance in Mount Barker, South Australia.
The fifth of a series of regular ASIC updates on the best interests duty and related reforms which commence from 1 January 2021. This update focuses on packages.
Discover the story of our latest Champion of Diversity, Simone Tilley, General Manager of Retail Broker for ANZ. Simone credits her career success to her adaptability, persistence, determination and hard work but admits even she did the usual “female thing” when she was approached to take on ANZ’s Retail Broker business by questioning whether she had enough experience.
The mortgage broker channel has recorded its highest ever market share result with brokers settling 60.1 per cent of all residential home loans during the July – September 2020 quarter, according to the latest data released by research group comparator, a CoreLogic business, and commissioned by the MFAA.
Without a doubt, 2020 has been a year full of challenges. But for Astute Ability Finance Group founder and principal broker Mhairi MacLeod, this time of crisis has not been without opportunity. Fresh from collecting three awards at the 2020 AMAs, including the coveted Australian Broker of the Year, this month’s Prospa Groundbreaker discusses the importance of having a growth mindset, and why women in the industry are continuing to find their voice and showcase their abilities.
As part your MFAA membership, you have exclusive access to a library of professionally written articles on finance topics of interest for consumers, to assist you to engage your customers and market your services. This week’s consumer article seeks to provide potential property buyers with a more fulsome picture of the costs of buying a home. View the article ‘What are the extra costs of buying a home' via the Mortgage & Finance Help website here: https://www.mortgageandfinancehelp.com.au/first-home-buyer-news/application-establishment-fees-stamp-duty-more/
Finance & Mortgage Solutions founder Madhu Chaudhuri describes herself as an accidental broker but her passion for embracing diversity and inclusion is certainly no accident. Growing up in India as the daughter of a single parent, she learnt first-hand the importance of being empathetic to different circumstances and experiences and the value of helping diverse people achieve their aspirations in life.
When Louisa Sanghera started broking, she told herself, and her husband, that she would just do a couple of mortgages a week for the mums at school to help with household bills. Next minute, the mums started talking, and through word of mouth, Louisa quickly found herself in high demand. Now, the UK transplant services clients from the Central Coast down to Wollongong, across to Perth and up to Singapore and Hong Kong. Her secret, always going the extra mile, constant communication and updates, and chocolate. With a fierce work ethic and desire to maximise all 24 hours of the day to get the job done, it’s no surprise that Louisa Sanghera of Zippy Financial has become a multi-award-winning broker with big plans for the future.
Growing up in a household where equality was the norm has always given Granite Home Loans founder Bridget Sakr a strong passion for diversity and inclusion, which she has actively promoted in every role she has ever had in the mortgage and finance industry. Bridget Sakr is the subject of this month's MFAA Champions of Diversity article series.
Prospa MFAA Groundbreaker Lauren Hall of Loan Market Southport moved to the Gold Coast to pursue a career in finance broking after she realised her passion for problem solving and customer service.
Treasurer Frydenberg has announced that the Federal Government is proposing to make significant changes to responsible lending laws to make it easier for qualified borrowers to access credit, while maintaining strong consumer protections.
After a productive period of consultation, advocacy and negotiation, the MFAA welcomes the release of the final regulations from Treasury that will govern mortgage broker remuneration into the future.
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 purchasing an investment property.
Taking the time to get to know clients and asking the right questions to get a good understanding of their full financial picture, is one of the things that EK Mortgage founding Director Eric Dong credits with building a loyal customer base.