How does mortgage broker franchising work?

Beyond earning the credentials and licencing to become a mortgage broker, there are additional ways to find success and boost your earnings. One such way is to partner with a mortgage broker franchise. Mortgage broker franchising works the same way that other more familiar franchising works. Take fast food, for example. Entrepreneurs and small-business owners […]

Read More

3 questions to ask before you buy into a mortgage broker franchise

Buying into a mortgage broker franchise is a great option for anyone wanting to start their own business, but with limited investment power or a lack of experience. A franchise owner will know how to get new finance brokers started quickly, and will usually offer training, software, and marketing support as part of the package. […]

Read More

Why most brokers don’t have a point of difference

To stand out from the almost 17,000-plus mortgage brokers in Australia, you’re going to need a point of difference. Most brokers struggle with this because they try to cater to the same target audience as most of their competitors, and don’t provide¬†anything different. Lots of brokers try to offer every type of loan to every […]

Read More

What’s the market like for mortgage broker franchise businesses?

Mortgage brokers have many options available when it comes to choosing how to work. Some brokers work for a specific finance group or real estate agent, while others work for large broker businesses. Another option is to own a franchise broker business. Working with the support of the umbrella brand, a franchise can provide national […]

Read More

Red Rock lets the franchise flag fly

With the dream of owning their own home becoming less of a reality and more of just that; a dream, Australians are finding it tougher to meet the stringent credit criteria put forward by traditional lending companies. Red Rock Mortgages has emerged as a leader in flexible, customer focused finance solutions, tailoring their services for […]

Read More

How to build a competitive advantage as a mortgage broker

Australia is home to around 17,000 brokers, so there’s no doubt it’s a crowded space in which succeed. With so much competition, building a successful mortgage broker business requires more than just good marketing and a panel of lenders at your disposal. In this space, being successful is about differentiating your offer so that you […]

Read More

What’s the business model of a mortgage broker franchise?

As a mortgage broker, your business model is concerned with how you’ll find both clients and lenders, as well as how you’ll persuade them to work with you. You’ll also be looking at whether you charge the lender on a commission basis, or the borrower on a cost per service model – and how that […]

Read More

Why specialist lending is in high demand

The financial climate in Australia is going through a major shake up, with the Royal Commission forcing banks to reconsider who they lend to. Lenders are tightening their criteria, and that means fewer Australians are finding themselves easily able to get a prime loan application approved. However, specialist lending provides a solution to those struggling […]

Read More

4 considerations when starting a mortgage broker business

Starting a mortgage broking business gives you an opportunity to work on your own terms and with the people you really want to. As a broker, you get to help people find a way to buy their own home, when they may feel confused about the best path for them, or be unsure what type […]

Read More