Hi Everyone. I’m looking to complete a mortgage broking cert iv course and after recommendations on the best ones to choose from. I work full time at the moment in an unrelated field and want to do a course after hours/online. Minimum face to face contact hours preferably. Post completion I hope to build up clients part-time until I can transition away from my current full-time role.
I guess the key considerations are quality of the training, price obviously, duration, and making sure that which ever course I do will allow me to join a quality aggregator and/or get access to good deals across the vast majority of lenders on completion.
Any suggestions on which courses to consider?
Hiya
The cert IV itself won’t help you land a decent aggregator or good deals with lenders.
Aggregators are generally hungry for business so will take on anyone with the appropriate quals in place. Some will charge a fixed fee – others a commission split.
Lenders generally offer good deals to brokers who generate them a high volume business – something that usually takes years to build up to.
The most important factor is lining up a good mentor – it’s an industry requirement for at least the first two years.
I personally used AAMC back in the day – they were ok. Can’t complain.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
I started broking pre-aggregators in the late 80’s when qualification were not a requirement.
From memory i used Intellitrain for my Cert V which is now Australis College and they were very good.
As Jamie mentioned finding a good Aggregator is the hard part.
Someone like FAST, PLAN or Choice probably won’t take you on as a new broker so start with someone who is likely to offer you some element of support which i hate to say you will pay for.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
I recommend Kaplan – according to one of my staff they just updated their course which was needed.
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
AAMC is where I did mine. Good place to do it.
I would probably just recommend the cheapest place you can find as the course itself is not something you can really rely on for knowledge. You get that when actually doing.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks very much for the feedback. Looks like I need to understand the mentor process a little better.
As for mortgage broking courses, looks like they’re all more or less the same.
Finance institute: $695. http://www.financeinstitute.com.au/mortgageconsultant.html
Kaplan: $585. http://www.kaplanprofessional.edu.au/courses/corporate-clients/certificate-iv-in-finance-and-mortgage-broking/
Broker Training: $695. http://www.brokertraining.com.au/online-enrolment/course-selection
IIT: $550. http://www.iit.edu.au/cert-iv-in-finance-and-mortgage-broking/
AAMC. $597. http://www.aamctraining.edu.au/search/fns40815Don’t you need the diploma course now, and not just the Cert IV?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Yep – pretty sure you need a diploma too now
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Yes sure do.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks guys. I found one that does the combined Cert 4 and diploma. Appreciate the assistance.
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