Industry Analysis & Industry Trends
Buying one's own home has long been the Australian dream. It is often the biggest financial decision an individual will make in their lifetime, and for that reason, borrowers find comfort in consulting an expert who can help them wade through the complex range of products. The Mortgage Brokers industry is relatively new, having been around for less than two decades. Mortgage brokers have filled a gap in the market that has been missing in the past, and are seen as providing comprehensive, convenient and unbiased advice to clients. Because they represent a panel of lenders, they are able to offer customers a range of products and tailor mortgages to specific needs... purchase to read more
Industry Report - Industry Investment Chapter
The industry is, at an increasing rate, using internet as a distribution channel for home loans. The Mortgage Brokers industry is perceived by some as providing the perfect product for distribution over the internet. Despite this, mortgage brokers have not been as successful in drawing down large loans over the internet as was initially believed. Consultants are often requested to meet with clients in order to explain the number of loan products available as well as the suitability. This builds on the principle know your product, know your client.
Mortgage brokers have to satisfy requirements such as education and experience, good character and the ability to perform efficiently, honestly and fairly... purchase to read more