Track My Trail Team

CBA and Westpac once argued for limits on broker commissions, and broker groups opposed the proposal. The debate concerned remuneration, competition and consumer outcomes. It should be read as historical industry policy discussion, not as proof that a commission cap now applies. Current remuneration comes from the lender schedule, aggregator agreement and broker’s Credit Guide. … Read more

Debt consolidation replaces several debts with one new facility. For an Australian broker, the useful comparison is not simply the new repayment. The new interest rates, fees and term determine whether the client will pay less overall or only pay a smaller amount for longer. The comparison needs every account limit, payout figure and remaining … Read more

Liberty Network Services is an aggregator and support network for finance advisers. Its current public offer combines Spark+ technology, a lender panel, adviser training and business support. Brokers comparing aggregators still need the written fees, ownership terms and exit conditions because those commercial details determine whether LNS suits an established brokerage or a new adviser … Read more

MyCRM is Loan Market Group’s broker platform for managing customer information and loan work in one system. Built for brokers operating within Loan Market Group, it brings customer records, documents and parts of the application workflow together. Its practical value depends on how the current integrations, permissions and support fit the brokerage’s staff and loan … Read more

Know Your Customer (KYC) checks help a mortgage broker confirm who a client is before progressing a loan application. For mortgage brokers, KYC usually means collecting identity information, verifying it through the method accepted by the lender or licensee and retaining the evidence. The applicable AML/CTF program assigns the process, while consistent records reduce identity … Read more

Mortgage broking businesses and trail books are advertised through specialist buyers, finance businesses and broader business-sale websites. A listing site is only a starting point. Buyers still need to verify the seller, loan data, commission rights and client-retention assumptions. The sites below are acquisition channels rather than proof of value. Commission statements, lender data and … Read more

Mortgage broker conferences bring brokers together for industry education, business discussions and professional contacts. The right event in depends on whether you need technical sessions, an aggregator program, peer contacts or an awards event. Workshops may support formal learning, while networking opportunities can help brokers compare processes and build referral relationships. Because programs and dates … Read more

The AML/CTF Act 2006 sets Australia’s rules for detecting and preventing money laundering and terrorism financing. For a mortgage broker, the practical duties depend on whether the brokerage is a reporting entity or performs work under a lender or licensee program. That program determines how staff identify customers, keep evidence and escalate suspicious activity, so … Read more

Verification of Identity (VOI) confirms that a person involved in a land or mortgage transaction is the person they claim to be. Australian mortgage brokers encounter several identity checks, and the rules depend on who requests the check and why. A lender’s customer-identification process is separate from the land-title VOI process governed by the Australian … Read more