MFAA defends role of mortgage brokers

The MFAA was disappointed by the ill-informed comments from consumer advocacy groups that were reported in the media today in regard to the ASIC Review of Mortgage Broker Remuneration. The MFAA believes the changes they proposed to broker commission models would be detrimental to consumers’ interests. 

The MFAA represents 12,900 brokers, each of whom is responsible only to consumers – their customers – and rely entirely on customer relationships and referral to grow their businesses.

MFAA Chairman clarifies key remuneration issues at ASIC Annual Forum

MFAA Chairman Cynthia Grisbrook helped lead a panel discussion at the 2017 ASIC Annual Forum, moderated by Stephen Sedgwick, AO, on the implications of ASIC's Review of Mortgage Broker Remuneration.

ASIC Broker Remuneration Review Report retains key areas of broker incentive structure

As you may know, the Federal Government has today released ASIC's report on its Review of Mortgage Broker Remuneration.

We have been working closely with ASIC to represent the views of the industry for many months and will continue to consult with Government as it begins the process of formulating policy on broker remuneration. 

We have been working closely with ASIC to represent the views of the industry for many months and will continue to consult with Government as it begins the process of formulating policy on broker remuneration.