Dreamed of running your own finance business or thinking about adding broking services to your business? Achieving your goals couldn’t be simpler with Redrock’s twenty years of industry expertise helping people build rewarding mortgage broking careers. Simply follow these ten steps to get started today.
- Request Your Complimentary Information Kit
Our comprehensive information kit, available in the knowledge base under the document “RBG Broker Onboarding Guide_v3.1.pdf”, has all the details about becoming a broker with Redrock, one of Australia’s top brokerages.
- Schedule Your Personal Consultation
Once your consultation has confirmed your suitability and interest, you’ll be guided through Redrock’s bespoke training program. Designed by industry experts, our program ensures you gain the necessary knowledge and skills to excel as a mortgage broker. This includes compliance, product knowledge, and customer service excellence. Alongside, you will undergo accreditation with Australia’s leading lenders, preparing you to offer a wide range of mortgage solutions.
- Complete Your Broker Application
Once you have gathered all necessary information and feel ready to take the next step, it’s time to complete your broker application. This process is streamlined to ensure efficiency and clarity. The application, accessible via our online portal, requires you to input personal and professional details, alongside any qualifications relevant to mortgage broking. Our team is on standby to assist with any queries during the application phase, ensuring a smooth transition into your new career.
To finalize your broker application form, you’ll need a current copy of your resume, ID, and credit report. We’ll conduct your reference checks and national police checks as part of the application process.
- Meet Your Support Officer
Your support officer will assist you with completing your documents and onboarding tasks swiftly and efficiently. They’re also available to address any other questions you may have during the process.
- Complete Your Broking Agreements
Next you will be required to sign broking agreements with Redrock and our associated lenders. This step is crucial for formalising your partnership and outlines the terms of business, compliance requirements, and the support framework provided by Redrock.
- Begin Your Certificate IV Course
Next, we’ll enroll you in your Certificate IV online course with our registered training provider. You’ll also undertake your FBAA compliance fundamentals training and financial abuse awareness courses online.
- Establish Your Industry Body Memberships & Insurance
Upon completion of your Certificate IV course, we’ll assist you in obtaining your professional indemnity insurance certificate. Our team will also help you establish your Australian Financial Complaints Authority (AFCA) and Finance Brokers Association of Australia (FBAA) memberships, and provide your unique credit representative number.
- Complete Your Online Induction Training
After all the necessary memberships and insurances are in place, the final step before commencing your career as a mortgage broker with Redrock is to complete your online induction training. This comprehensive training program is designed to equip you with the knowledge and skills needed for success in the mortgage broking industry. Covering essential topics such as regulatory compliance, product knowledge, and customer service excellence, our induction training ensures you are fully prepared to meet the needs of your clients. The training is accessible through online allowing you to complete it at your own pace. Our support team remains available to assist should you have any questions or require additional support during your training period.
- Undergo Step by Step Training
The final and crucial phase of your onboarding as a Redrock mortgage broker involves our bespoke ten step training program. This program is meticulously designed to fine-tune your skills and knowledge, ensuring you’re not just ready but fully equipped to excel in the mortgage broking industry. Our training encompasses a wide range of topics, including but not limited to, advanced loan structuring techniques, effective client communication strategies. You’ll benefit from access to our support team of experienced trainers for one-on-one mentorship. This hands-on guidance is aimed at fostering your professional growth and ensuring a seamless transition into your role as a mortgage broker with Redrock. Completion of this training not only signifies your readiness to begin your career but also sets a strong foundation for your success in the competitive landscape of mortgage broking.
- Lender Accreditations
Upon successful completion of your training, the next step in solidifying your position as a mortgage broker with Redrock is to obtain lender accreditations. This crucial milestone demonstrates your thorough understanding of various lending policies and your ability to responsibly recommend mortgage products to clients. Our team will facilitate your accreditation process with Australia’s leading lenders, ensuring you have the comprehensive product knowledge required to cater to a diverse clientele. You’ll gain access to an extensive range of mortgage products, enabling you to offer tailored solutions that best meet your clients’ needs. This stage not only broadens your lending portfolio but also enhances your credibility and professionalism in the industry. Our dedicated support team will guide you through each step of the accreditation process, providing you with the materials and assistance needed to achieve success.
- Loan Application Reviews
Once you have obtained your lender accreditations, you will begin participating in loan application reviews. This phase is designed to ensure that your applications are accurate, complete, and compliant with both Redrock’s standards and regulatory requirements. Our experienced team will guide you through a detailed analysis of each application, focusing on key areas such as client needs and objectives, financial documentation, and suitability of product recommendations.
This hands-on review process not only enhances your proficiency in preparing loan applications but also reinforces our commitment to maintaining the highest ethical standards in our advisory services. We provide constructive feedback and practical advice to refine your skills further, ensuring that you are well-equipped to manage your clients’ applications with confidence and professionalism.
Our goal is to empower you as a Redrock broker to achieve the highest possible success rate in loan approvals, thereby maximizing client satisfaction and fostering long-term relationships.
- Ongoing Mentoring & Support
As a broker partner, you’ll benefit from continuous mentoring and support to help you meet your business goals.
Ready to join one of Australia’s leading brokerages and build a rewarding finance business that helps others achieve their goals. Your first step to getting started as a mortgage broker with Redrock is to request your complimentary information pack today.
