MFAA reaches 15,000 members | Australian Dealer Information

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

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

“Our objective is to empower our members to prosper and thrive, guaranteeing Australians profit from competitors and selection,” stated MFAA CEO Anja Pannek (pictured above).

“The staff and I take immense satisfaction 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 stated that members have positioned their belief within the affiliation and “that duty will not be one thing we take flippantly”.

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

“The mortgage and finance broking business has developed and grown to change into one that’s critically essential to the financial 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 observe file of advocating on behalf of its members to make sure coverage and regulation is match for objective.

Pannek defined that the MFAA’s advocacy is targeted on issues that instantly impression its members, resembling guaranteeing regulatory levies are applicable to the extraordinarily low ranges of complaints and motion towards the affiliation’s members.

Some key outcomes the MFAA advocacy has achieved embody:

“We additionally advocate for measures that may profit our members’ shoppers and their means to realize their targets resembling our advocacy in assist of the regulation of Purchase Now Pay Later merchandise,” Pannek stated.

Supporting members’ skilled improvement

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

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

“From occasions resembling our Nationwide Convention to webinars, studying modules and eBooks, every thing 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 staff, Pannek stated there may be deep business expertise throughout the organisation.

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

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

“Right this moment, the affiliation stays ever able to assist members to benefit from alternatives and defend the business towards threats that might come up into the long run.”

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