In this section, we discuss:

What is a Mortgage Broker?
Why Become a Mortgage House Mortgage Broker?
How to become a Mortgage House Mortgage Broker?
FAQs

What is a Mortgage Broker?

A Mortgage Broker has their own ABN and is accredited with MFAA, with the ability to right loans from a panel of lenders.

Why Become a Mortgage House accredited Mortgage Broker?

Access to a multi-lender platform.
Choice of two fee structures, against 100% of commission paid.
No minimum volume requirements.
You own your trail book and clients.
No joining or membership fees.
Non exclusive agreement.
Independent Customer & Loan Products Software provided at no cost - Pisces software.
On-line Commission Claiming System (needed to claim commission) - EMMS software.
You remain independently branded.

How to Become a Mortgage House Mortgage Broker

Contact Mortgage House to complete and application form.
List of Current & Proposed Lender Accreditations. To be completed in the application form.
Copies of the following documents for each partner/principal/director/loan writer:
- Current membership certificate for MFAA and/or FBAA.
- Current membership certificate for COSL.
- Cert IV Mortgage and Finance Lending
- Cert IV Mortgage and Finance Lending
- Current Professional Indemnity Insurance Certificate, showing all employees and contractors are covered.
- Certificate of Business registration, (if a company).
- Certificate of Registration of Business Name.
- Certified copy of current Police Report. (no more than 3 months old)
- Certified copy of Finance Brokers License (if WA or ACT broker)
Copy of Trust Deed (if applicable)
Copy of Resume
Certified Copy of 100 points of identification.
Evidence of any lender accreditations
Direct Debit Request (if nominated monthly fee option).
Access form for our loan software.

FAQ's

Am I branded as a Mortgage House broker?
No. You remain independently branded and more importantly you retain full ownership of your clients. Mortgage House Aggregation Services will never contact your clients.

If I join, is it a requirement to write a Mortgage House loan?
No. Mortgage House is a lender on the MHAS panel; you will have the ability to write a Mortgage House loan.

Are there any minimum volume numbers?
No.

Am I bound by a term of a contract?
No. If you choose the flat monthly fee option, yes you would be required to commit to a term of 6 months because of the great pricing offered in this 2nd option. If you choose Option 1 (fee per settled loan) there is "No" contract or term commitment.

Is there any benefit in signing our agreement immediately when I complete the Member Application Form?
Yes. If you execute the agreement at the time of completing the Member Application Form you will expedite the accreditation process and will be able to commence under MHAS sooner. This gives you the opportunity to increase your earnings.

If I sign the agreement and the accreditation does not proceed, what happens then?
If you have executed the agreement at the time of completing our Member Application Form and then the accreditation does not proceed, we will destroy the agreement and confirm to you your accreditation is not proceeding.

Do I receive any software support/broker tools?
Yes. We will provide you with our Pisces software free of charge.