Mortgage and Finance Association of Australia - MFAA requirements
 ALL APPLICANTS FOR FULL MEMBERSHIP:WHO
CAN
APPLY
FOR FULL
MEMBERSHIP?MEMBERSHIP
EDUCATION
REQUIREMENTS
|
The MFAA's
membership for
accreditation to
be a loan writer
member is either
the AMC
(Accredited
Mortgage
Consultant) or
AFC (Accredited
finance
Consultant)
ALL APPLICANTS FOR FULL MEMBERSHIP:
-
must be of good character and repute and a fit and proper person to be an MFAA Member
-
must not be currently Bankrupt, or subject to control under the Bankruptcy Act 1966
-
will not be accepted for MFAA membership if they have a charge pending involving fraud or dishonesty or have been convicted of or found to have committed an offence concerning fraud or dishonesty in the previous 10 years from the date of this application
-
must not be an externally-administered body corporate as that expression is defined in the law
-
must be over 18 years of age
Click here to fill in the enquiry form
WHO CAN APPLY FOR FULL MEMBERSHIP?
Individuals
operating as
loan writers,
being either
employees of, or
contractors to,
broking or
mortgage
management
businesses
• Individuals
(other than loan
writers) engaged
as employees by
any MFAA Full
Member
• Broking
businesses (each
loan writer
employed by, or
contracted to,
the broking
business, must
be a Full
Member)
• Broking or
Aggregator
groups
• Mortgage
Managers (where
the mortgage
managing
business deals
directly with
the public, each
loan writer
employed by, or
contracted to,
the business,
must be a Full
Member)
•
Lenders/funders
• Mortgage
Insurers
• Other
businesses
supplying
support services
MEMBERSHIP EDUCATION REQUIREMENTS
For mortgage
loan writers
ACCREDITED
MORTGAGE
CONSULTANT (AMC)
STATUS
It is compulsory
for all Mortgage
Loan Writers to
achieve AMC
status as part
of their MFAA
membership
To gain AMC
status, you MUST
complete the
following
education
requirements.
o Certificate IV
in Financial
Services
(Finance/Mortgage
Broking)
PLUS
o MFAA Initial
Compliance Pack
(Course 201-A)
For equipment
and general
business loan
writers
ACCREDITED
FINANCE
CONSULTANT (AFC)
STATUS
Individuals
involved in
equipment and
general business
finance writing
do not have to
apply for
Accredited
Finance
Consultant (AFC)
status. However,
it is available
for those who
qualify and wish
to hold this
status.
Where you hold
two (2) or more
years
appropriate
finance broking
experience in
the last five
years, complete:
o MFAA Equipment
Finance Pack
(Course 203)
Where you hold
less than two
(2) years
appropriate
finance broking
experience in
the last five
years, complete:
o Certificate IV
in Financial
Services
(Mortgage/Finance
Broking)
PLUS o MFAA
Equipment
Finance Pack
(Course 203)
for further information about getting started Click here to fill in the enquiry form
For details of the next course please call
1300 136 947
Click here to fill in the enquiry form
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