MFAA reaches 15,000 members | Australian Dealer Information

The Mortgage & Finance Affiliation of Australia (MFAA) has reached a big milestone as its complete membership surpasses 15,000 for the primary time.

Established in 1980, the MFAA performs a significant position in representing and advocating for mortgage and finance brokers throughout Australia. Nevertheless, its affect extends past brokers to embody a various vary of entities throughout the business, together with aggregators, lenders, mortgage managers, insurers, and different suppliers.

“Our function is to empower our members to prosper and thrive, making certain Australians profit from competitors and selection,” mentioned MFAA CEO Anja Pannek (pictured above).

“The workforce and I take immense delight in representing our members to key stakeholders together with authorities, treasury and regulators, and collaborating on long-term methods to make sure the business’s success and sustainability.”

Pannek mentioned that members have positioned their belief within the affiliation and “that duty shouldn’t be one thing we take flippantly”.

“Mortgage and finance brokers play a significant position in serving to Australians expertise the safety of homeownership and the advantages of entry to enterprise lending,” Pannek mentioned.

“The mortgage and finance broking business has advanced and grown to turn into one that’s critically necessary to the economic system. All whereas our members have constructed the belief of Australians by delivering constant, distinctive outcomes for his or her shoppers.”

Advocating for members

The MFAA has a monitor file of advocating on behalf of its members to make sure coverage and regulation is match for function.

Pannek defined that the MFAA’s advocacy is targeted on issues that immediately impression its members, equivalent to making certain regulatory levies are acceptable to the extraordinarily low ranges of complaints and motion towards the affiliation’s members.

Some key outcomes the MFAA advocacy has achieved embrace:

“We additionally advocate for measures that can profit our members’ shoppers and their capacity to attain their objectives equivalent to our advocacy in help of the regulation of Purchase Now Pay Later merchandise,” Pannek mentioned.

Supporting members’ skilled growth

Pannek additionally commented on the skilled growth occasions, studying modules and sources MFAA members have entry to.

“Ongoing studying is essential for our members to remain on high of adjustments in regulation and compliance, discover methods to construct their companies in a sustainable approach and be able to harness new applied sciences,” she mentioned.

“From occasions equivalent to our Nationwide Convention to webinars, studying modules and eBooks, every part we do is created with our members in thoughts, in order that they have the insights, inspiration and instruments they should excel.”

Acknowledging the MFAA workforce, Pannek mentioned there’s deep business expertise throughout the organisation.

“The entire workforce on the MFAA is dedicated to supporting our members to allow them to proceed to offer the steering and help their shoppers worth,” she mentioned.

Pannek famous that over the previous 4 many years, because the business has grown and advanced, so too has the MFAA and can proceed to take action.

“In the present day, the affiliation stays ever able to help members to reap the benefits of alternatives and defend the business towards threats that would come up into the longer term.”

What do you concentrate on the MFAA’s advocacy efforts? Remark under.