At MPA’s recent aggregator roundtable, LMG’s national director Rob Thomas said: “Why aren’t we going into schools and talking about lending and improving financial literacy before that generation leaves home? We just don’t talk about it as an industry. That’s what I want to change.”
Sub-par education has been blamed for the exceptionally high turnover rates that plague the broking industry.
Key Features
The MFPA is available only to MFAA members who meet rigorous criteria, including a minimum of five years’ experience, 250 settled loans, a Diploma of Finance and Mortgage Broking Management, up-to-date CPD, and two professional endorsements (one from an aggregator).
Participants must complete core modules in Personal Leadership, Customer Engagement, and Business Management, plus an elective (either SMSF Lending or Financial Analysis for Mortgage Finance Professionals).
Dan Walsh, MFAA’s executive, professional development and member engagement, said brokers who receive the designation can “build greater trust with their clients, be recognised as a leader in their sector, and gain a competitive edge by having university-level”.