Top 6 Issues Facing Brokers
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 We recently asked brokers to share what they currently think are their 2 biggest challenges.
...here are the top 6 issues in order of importance:1. Legislation & Compliance 2. Retaining Clients & Obtaining Referrals 3. Tough Competition for business 4. Differentiation from other brokers 5. Market Uncertainty (Property pricing & Interest Rates) 6. Reducing Commissions
No doubt you can relate to some or all of these issues, but what can you do to overcome or minimise them?
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| Experienced Brokers ONLY |
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Are you an experienced broker??
Get your Diploma of Mortgage Broking Management without additional training now!
We recognise that Finance Mortgage Brokers have different levels of experience, knowledge and skills. With your training needs in mind we have developed an RPL (Recognition of Prior Learning) option for you.
If you have successfully completed the Certificate IV Financial Services (Finance/Mortgage Broking) FNS40804, you will already have obtained 13 out of the 18 units required for the Diploma qualification. In order to obtain the full Diploma you will therefore only need to provide evidence to address the remaining five (5) units via this RPL Process.
For more information on this RPL process, please CLICK HERE
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FACEBOOK WINNERS ANNOUNCED
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| Thanks to everyone who participated in our Facebook competition and became part of our Facebook community.
Congratulations to the 3 winners:
- Jill Danfield - BCF Lending
- Mary Shalala - Action Home Loans
- Muzi Dandachli - The Finance Group
If you haven't yet become a Fan of our Facebook page then you may be missing out on special offers and promotions for our Facebook family.
Become a face today!
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DIPLOMA OF FINANCIAL PLANNING - ONLY $621!!
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Intellitrain have won a tender with the NSW Government to provide training in the Diploma Financial Services (Financial Planning).
Under this arrangement, the NSW government will fund most of the cost of the qualification with the broker only having to pay the equivalent of a TAFE enrolment fee. There are very LIMITED places.
Savings:
Diploma in Financial Services (Financial Planning) [RG146] is normally $4,340. You pay only $621.
NOTE: Diploma of Financial Services (Planning) includes RG146 (previously PS 146) which would allow you to sell Risk (Insurance) products.
We have just recieved additonal places!
Call us on 1300 735 082 to enrolBE QUICK, LIMITED PLACES AVAILABLE |
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NCCP Next Step - Getting Lisensed
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NCCP LISENCING TIMELINE
30 June - DONE
The last date you can lodge a registration application is 30 June 2010.
You won't be able to continue business in early July unless you are registered with ASIC.
1 July - DONE
Registered persons have 6 months to apply for a credit licence, between 1 July and 31 December 2010. If you did not apply to be registered between 1 April and 30 June, you must obtain a credit licence before
continuing, or starting, to engage in credit activities.
31 December - 4 MONTHS TO GO!!
You can continue engaging in credit activities until ASIC makes a decision on your licence application if:
- You are a registered person, and
- You apply for a credit licence by 31 December 2010.
If you have not lodged your licence application by the end of 31 December 2010, you must stop engaging in credit activities until you have a credit licence.
National Credit Regine - ASIC Timeline CLICK HERE
HOW to apply for a Credit Lisense CLICK HERE
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| NEWS BITES |
Big four continue tale of dominance 
- The Adviser
Australia's big four continue to dominate the mortgage market, new research has found.. Read More
More competition needed: consumers
- The Adviser
Australian consumers overwhelmingly believe the big banks have too much power, research has found.. Read More
APRA takes tough stance on securitisation
- Broker News
The fledgling promise of increased competition from mid-tier and small lenders is under threat from Australia's bank regulator, which found some banks have been "inappropriately" understating their risk to securitisation.. Read More Warmer weather to boost broker business
- The Adviser
The industry is preparing for the market to move up a gear as the spring selling season approaches.. Read More
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