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MFAA Prosper : Mortgage and Finance Brief 06
‘Access to education’ Kevin Boyle, South Australia The challenges for brokers lie in having greater access to education and understanding the ethics surrounding the industry. Education is very important to me as it helps keep standards high. I also have a strong view of ethics and feel that clients’ needs should be put first, certainly before brokerage and commission. What I want to be able to do now that I’m on the Council is to really understand what the MFAA does and hopefully encourage brokers to become more involved. I want to see where I can make a difference and where I can help make the industry better for everyone. ‘Documentation is key’ Ruan Burger, Queensland The new licensing laws are a key challenge. The issue is how to conform to them and make sure everything is correct. There is a lot of time spent with clients helping them and making sure nothing is missed out. I think most brokers are doing the right thing but it is crucial to make sure everything is well documented. “On the council I hope my role is to communicate problems from members to the MFAA as well as communicate the MFAA’s information to members. I want to be a go-to person for both parties. Being in central Queensland you can feel a bit cut off and you can’t get to everything. I’m a big believer in that you need to be part of something if you want to effect change. It is not just the MFAA’s view that is important, it is about making sure the MFAA hears the views of my brokers. ‘Importance of MFAA to increase’ Voula Kotsiras, Victoria I believe the MFAA will be more involved with our brokers than ever before, whether it’s working with them or just providing guidance alongside their existing lender or aggregator partners. The new legislation will be an issue for some brokers and some will likely leave the industry. Those that stay need to ensure they understand what they need to do to fully comply. I think brokers are now seeing how the MFAA is continuing to work with ASIC and legal bodies to provide much more information around the changes we are facing in the coming years. I hope my role within the MFAA can assist our members in feeling they play a much more active role in the body that represents them. ahead Some of the new faces on the MFAA Council and their agendas for 2011. Words Gayle Br yant challenges The InView 26 | Mor tgage & Finance brief
Mortgage and Finance Brief 05
Mortgage and Finance Brief 07