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

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

“Our function is to empower our members to prosper and thrive, making certain Australians profit from competitors and selection,” mentioned MFAA CEO Anja Pannek (pictured above).

“The workforce and I take immense pleasure 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 mentioned that members have positioned their belief within the affiliation and “that duty is just not one thing we take evenly”.

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

“The mortgage and finance broking business has developed and grown to grow to be one that’s critically necessary to the economic system. All whereas our members have constructed the belief of Australians by delivering constant, distinctive outcomes for his or her purchasers.”

Advocating for members

The MFAA has a monitor document of advocating on behalf of its members to make sure coverage and regulation is match for function.

Pannek defined that the MFAA’s advocacy is targeted on issues that instantly influence its members, corresponding to making certain regulatory levies are applicable to the extraordinarily low ranges of complaints and motion in opposition to the affiliation’s members.

Some key outcomes the MFAA advocacy has achieved embody:

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

Supporting members’ skilled growth

Pannek additionally commented on the skilled growth occasions, studying modules and assets 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 means and be able to harness new applied sciences,” she mentioned.

“From occasions corresponding to our Nationwide Convention to webinars, studying modules and eBooks, all the things we do is created with our members in thoughts, so that they have the insights, inspiration and instruments they should excel.”

Acknowledging the MFAA workforce, Pannek mentioned there’s deep business expertise throughout the organisation.

“The entire workforce on the MFAA is dedicated to supporting our members to allow them to proceed to offer the steerage and assist their purchasers worth,” she mentioned.

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.

“At this time, the affiliation stays ever able to assist members to reap the benefits of alternatives and defend the business in opposition to threats that would come up into the longer term.”

What do you consider the MFAA’s advocacy efforts? Remark under.