Mortgage Broker


Mortgage Brokers assist clients in choosing a suitable home loan, then manage their application, submit paperwork, and ensure requirements are met while liaising between the bank and client. They have extensive knowledge of the different products provided by banks, are familiar with relevant policy and legislation and have financial skills which allow them to advise their client.

Mortgage Brokers will:

• Interview clients

• Assess, evaluate and process clients’ loan applications

• Manage and maintain client relationships, before, during and after loan applications

• Liaise with banks, real estate agents and solicitors/conveyancers to ensure settlements are handled in a timely manner.

Sectors and industries

A career in mortgage broking is usually well-paid with the opportunity to earn bonuses. Employment opportunities exist all over Australia with banks and mortgage brokers.


Personal Qualities

Advanced written and verbal communication and organisational skills are required for effective client and bank liaison. Mortgage Brokers pay strong attention to detail, are confident and autonomous. They network effectively, establish productive working relationships, and are motivated to expand their network.

Entry Requirements

In Australia, any professional providing financial advice needs to comply with PS146 accreditation and mortgage brokers also require specific accreditation - currently a Certificate IV in Financial Services (Finance/Mortgage Broking). In addition, most employers require university qualifications in finance or a related discipline, as well as membership in a professional association such as the Mortgage & Finance Association of Australia (MFAA) or Finance Brokers Association of Australia (FBAA). However, requirements do change and should be investigated fully using up-to-date sources, which can be found at the Australian Securities & Investments Commission.