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Melbourne Mortgage Broker Mentor – Compensation Scheme of Last Resort – Commencement of levies

Melbourne Mortgage Broker Mentor – Compensation Scheme of Last Resort – Commencement of levies

by Susan Hayter | Jul 4, 2024 | Uncategorized

From the 2024-25 financial year, credit providers, credit intermediaries, financial advisers and securities dealers will commence paying the annual Compensation Scheme of Last Resort Levy. Established by legislation in 2023, the Compensation Scheme of Last Resort will...
Melbourne Mortgage Broker Mentor – MFAA Code of Conduct and Disciplinary Rules Reviewed

Melbourne Mortgage Broker Mentor – MFAA Code of Conduct and Disciplinary Rules Reviewed

by Susan Hayter | Jul 3, 2024 | Uncategorized

The MFAA Board has approved amendments to the MFAA Code of Conduct and Disciplinary Rules. The MFAA Code of Practice and Disciplinary Rules exist to ensure members provide the highest levels of service to consumers in Australia. The Code and Rules are reviewed every...
Mortgage Broker Mentor – Empower Women Mentor Program

Mortgage Broker Mentor – Empower Women Mentor Program

by Susan Hayter | Jul 1, 2024 | Uncategorized

Opportunities for Women Mortgage Brokers Consumers are using mortgage brokers more than ever. In fact more than 70% of mortgages are now originated through the services of mortgage brokers. As the Australian mortgage market continues to grow, with mortgage brokers...
Melbourne Mortgage Broker Mentor – ACL holder Internal Dispute Resolution reporting obligations

Melbourne Mortgage Broker Mentor – ACL holder Internal Dispute Resolution reporting obligations

by Susan Hayter | Jun 28, 2024 | Uncategorized

The mandatory and ongoing obligation to report internal dispute resolution (IDR) data to ASIC is in its final phase, with all Australian Credit License (ACL) holders now required to lodge reports. ACLs are required to lodge their IDR data report for the period July –...
Melbourne Mortgage Broker Mentor – AI Tools to Successfully Improve your Business

Melbourne Mortgage Broker Mentor – AI Tools to Successfully Improve your Business

by Susan Hayter | Jun 26, 2024 | Uncategorized

In this article, we discuss some tools and technologies, including AI, that you might consider using to automate, streamline and support your broking business processes so you have more time for your clients. What is Artificial Intelligence (AI)?  Generative AI is a...
Melbourne Mortgage Broker Mentor – Brokers bringing meaning to finances for young people

Melbourne Mortgage Broker Mentor – Brokers bringing meaning to finances for young people

by Susan Hayter | Jun 25, 2024 | Uncategorized

Despite the popularity of personal finance articles, podcasts and YouTube channels, financial literacy is an essential skill that Australians are falling behind on, and this can have profound impacts on future homeownership and financial security. Surveys, including...
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