Franchise FAQs

Your own credit licence is not required, as a franchise partner you can operate as authorised credit representative, under authority from our Australian Credit Licence.

Buying a franchise, as opposed to starting a business from scratch, sets you up for success. The mortgage broking industry is a highly competitive marketplace, as a Red Rock franchise owner not only will you have a strong point of difference, you will also have instant access to resources, knowledge, experienced personnel all within an established brand.

Red Rock Mortgages is leading specialist mortgage company and part of the Red Rock Group of companies. We’ve been in the specialist mortgage business for over 15 years and have over one and half billion dollars of mortgage loans under management. To cater for unprecedented demand for specialist finance, we’ve now created a number of limited opportunities for accredited franchise partners to build a rewarding specialist finance business.

Yes. As a franchise partner you have access to specialist commercial lenders that can accommodate a range of commercial mfortgages including loans for offices, shops, factories, construction and development finance.

We don’t provide leads, however we receive a large number of loan enquiries from around Australia which we regularly refer to franchise partners under the specialist model.

Absolutely. Whilst our lending products are driven by flexibility and solutions our products are popular because they are also highly competitive on price. Our lending rates for full document and low document residential and commercial loans are some of the best available.

Yes. You can certainly start as a mobile operator and transition to a branded office or retail premises should you decide. Likewise our commission models are designed to complement and support your business growth,  however we generally require you maintain one commission model for minimum of 12 months before switching.

Yes, working from home and being a mobile business owner is a viable option to reduce initial overheads and give you lifestyle efficiencies. You may choose to expand your business and lease an office in the future, but it’s not mandatory.

Yes. You must hold and maintain your own Professional Indemnity Insurance cover.  Your initial investment covers your initial premium, thereafter we have relationships with insurance provides that can provide you with highly competitive group policy premiums at discounted pricing to benefit your business.

If your interested in finding out more about our unique specialist mortgage business, simply request your free information pack to get started today.

The average time frame for completion of the joining and induction process including lender accreditations is six (6) weeks.

The initial franchise term is five years, with further options available.

We have carefully selected key funding partners that provide a comprehensive selection of over fifty highly flexible specialist lending products. These cover a diverse array of borrower needs for both residential and commercial real estate transactions.

Our product mix can cater for prime (clean credit) borrowers right through to heavily credit impaired borrowers and discharge bankrupts. Products and policies cater for home and investment lending, single and multi-dwelling construction loans, commercial loans, SMSF and rural property lending and much more.
In addition, there is no mortgage insurance on any loan and our products typically have little or no equity release restrictions and no credit scoring requirements.

As a franchise owner, your earning capabilities have uncapped potential. You can grow your business from a standing start to earn a significant six figure income, in just a few short years. With hard work, dedication and commitment our unique broking model provides you with more income opportunities per loan than most others.

Mortgage broking is a personal relationship business, as a franchise partner you’ll generate business through client referrals and repeat business as well as your network of personal contacts. You may also receive loan enquiries via head office generated from national marketing campaigns.

As a franchise partner you’ll also benefit from being part of an established and trusted brand in the specialist mortgage space. You’ll be provided with professional branding on a range of collateral to give you a highly professional image and tools to help promote and build awareness within in your marketing area.

Yes, if you hold existing mandatory educational qualifications such as the Certificate IV in Finance and Mortgage Broking as well as  acceptable industry body membership and current PI insurance we can customise the initial investment for you.

The minimum educational requirements required by the industry regulator ASIC to become a mortgage/finance broker is Certificate IV in Finance and Mortgage Broking FNS40811. A Diploma level qualification is not required although you may choose to do this educational course if you so desire.

A key benefit of owning your own business is having the ability to tailor your hours to fit your lifestyle. As a franchise partner your schedule is very much your own. Standard operating hours are generally between 9am and 5pm Mon-Fri, however on occasion you may be required to provide after hours service including evenings and weekends in order to meet clients when and where it suits them.

Your mortgage broking business can operate on a relative low ongoing overhead. In the first instance we recommend you set aside some additional capital to cover basic startup costs as well as running costs associated with promoting your business whilst you build your loan trail book.

Items to consider include provision for a laptop PC, software, printer and scanner and mobile phone. The amount of capital required will vary considerably depending upon the nature of your business operation, budget and whether or not you have any staff.

Formal qualifications include Certificate IV in Finance & Mortgage Broking which forms part of our onboarding and accreditation process. A background in sales, customer service, banking, financial services, insurance, accounting, financial planning, real estate, consulting, conveyancing are highly regarded but not mandatory.