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Identify and describe 3 reasons a mortgage broker might benefit for joining an industry association, such...

Identify and describe 3 reasons a mortgage broker might benefit for joining an industry association, such as the Mortgage and Finance Association of Australia. (Identify relevant associations, conferences and other relationship building opportunities).

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Answer #1

Mortgage broke rassociations like MFFA is the association of Finance professional brokers. Their primary purpose is to advance the members interest for overall benefit of brokers as a community and upliftment through advocacy, education and promotion.

Through such organisations a broker can generate and sustain different business leads, use exclusive products and services etc. These offerings as well as business development manager support, course and webinars, marketing and compliance assistance, portfolio networking etc will aid the Brokers to expand their Asset under management multifold and generate decent business.

Moreover membership in such trusted Broker association will create a sense of trustworthiness among customers, attracting more business and retaining existing customers. Also the association can make a check on ethical and professional standards.

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