What is an aggregator in mortgage broking?

Aggregators in the mortgage broker sector essentially serve as a funnel for leads, allowing brokers to decrease their risk exposure with secured investments. Additionally, aggregators offer a variety of business resources and marketing materials to help mortgage brokers succeed. But what does that actually mean in practise? Volume is the name of the game for […]

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What’s the average salary for an Australian mortgage broker?

The average annual up-front and trail remuneration of a mortgage broker reached $133,365 for the period spanning April 2018 through September 2018, according to the Mortgage & Finance Association of Australia’s 7th Edition of Industry Intelligence Service. This represents a 0.43% increase over the previous six-month reporting period, and the average has remained relatively consistent […]

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Thinking ‘outside the box’ as a mortgage broker

Thinking outside the box in the broker industry means getting creative with your approach to business. Whether it be finding personalised solutions for customers, reaching different clients with new marketing platforms or coming up with new ways to expand your industry knowledge – you must think beyond your standard way of doing things. How to […]

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Is post-sale service the key to an effective mortgage broker business?

Winning a sale is one thing, continuing to benefit from it in the years to come is another. A mortgage is a long-term commitment for your customer, and a big financial investment, so it’s not surprising that they may have one or two questions in the months after your sale. If you can provide good after-sales […]

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Does your mortgage broker business have an optimised workflow?

Life in the mortgage industry is pretty busy. You may have customers, lenders, other brokers and real estate agents to juggle, all competing for your attention. To keep yourself sane and get your broker business working to maximum capacity, you need to optimise your workflow.  Take a look at your work processes and ask yourself […]

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3 reasons people use a mortgage broker

As a mortgage broker, if you know how to market your business, there shouldn’t be any shortage of potential clients. Almost 30 per cent of homebuyers in Australia now seek assistance from a mortgage broker in finding the right loan, according to Money Management. The figure increases to nearly fifty per cent amongst those aged […]

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What are the benefits of offering mortgage broking in your business?

If your business already deals with clients who may benefit from credit advice or lending services, then you should consider adding a mortgage broker service to your business. With commission generated from mortgage broking in Australia in the region of $2 billion annually, according to a Deloitte report, it makes financial sense to see what you […]

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How can mortgage broker businesses save time on recruitment?

Mortgage broker business recruitment is no different to recruiting in other industries. Your goal is find someone who will excel in the role, in a timely and cost-effective manner. But anyone who’s hired people before knows this isn’t always an easy task. Here are some tips for saving time when recruiting for your mortgage broking business. […]

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4 commission models that could improve your mortgage broker business

Commercial mortgage brokers earn their keep via a system of commissions tied to the number and size of the loans they settle. Commissions come in two kinds: upfront, which are paid when the mortgage is approved and trail, which are paid monthly for the life of the loan. When you join Red Rock, you’ll have the […]

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3 traits your mortgage broker business’ brand must have

A great deal of the client leads you’ll earn as a mortgage broker will rely on the brand you’ve managed to build for your business. If you’re looking to become a mortgage broker, it’s especially important to get this right off the bat. Here are three key traits your mortgage broker business branding needs to have. […]

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