Mortgage Australia Group (MAG) is a mortgage-broker network that gives members aggregation access through AFG and support for their broking businesses. MAG is a broker group, while lenders assess applications and fund loans. Its direct-lender arrangements also create a separate commission-reporting task for brokers.
Mortgage Australia Group and MAG
Mortgage Australia Group Pty Ltd is the organisation behind the Mortgage Australia broker network. MAG is its abbreviation, not a general term for mortgage broking in Australia.
The group describes itself as an AFG member. Its direct-lender instructions name Mortgage Australia Group as the licensee under Australian credit licence (ACL) 377294. That distinction matters when identifying who authorises a broker’s lending activity.
The Broker Membership Model
MAG membership combines access to AFG aggregation with support from Mortgage Australia. Its member recruitment material describes licensing and compliance support alongside marketing resources and training.
Brokers can use the Mortgage Australia brand or their own business name. Mortgage Australia also describes EasyBroking processing support and a client care service for existing borrowers. These services sit beside the broker’s responsibilities to clients.
The membership agreement must identify your licence arrangement, included services and lender-accreditation process. Separate optional support from services covered by your commission split. Compare that offer with other smaller broker networks on the same basis.
Panel and Direct-Lender Work
MAG distinguishes AFG-panel lending from its direct accreditations with off-panel lenders. Its instructions favour the AFG panel and describe direct options for cases the panel cannot solve.
Credit representatives must use accreditations organised and managed by their licensee. A lender’s appearance on a list does not establish an individual broker’s accreditation.
In a hypothetical enquiry, a MAG broker has a borrower whose application falls outside the AFG panel’s available solutions. The broker asks a listed direct lender about the scenario, then completes the required accreditation before lodging. The enquiry alone does not authorise submission or settle the commission terms.
Salestrekker in the Process
MAG requires brokers to complete the normal broking process in Salestrekker for direct-lender submissions. When lender information is absent, brokers may need to add it manually to compliance documents and use the lender’s application forms.
The Salestrekker guide explains the platform’s wider role. For a MAG direct deal, the practical question is which information stays in Salestrekker and which documents the lender requires separately.
Commission Handling and Member Obligations
Direct-lender commission is paid to MAG, then distributed monthly to brokers with a recipient-created tax invoice (RCTI). MAG’s instructions place this around the AFG trail-payment cycle.
Before accepting membership, resolve the financial and record-keeping terms in the agreement:
- Identify the commission split and each recurring fee, including charges for optional processing or client care.
- Establish how deductions, clawbacks and payment disputes appear on statements.
- Confirm who controls client records and how you export them when leaving.
- Read the notice period, exit costs and terms for ongoing trail after departure.
An off-panel arrangement needs its own remuneration and compliance terms. Panel membership alone does not determine the payment rights or accreditation for that lender.
When reading Mortgage Australia Group reviews, distinguish a borrower’s experience with an individual broker from a member’s experience of these agreement terms.
Track My Trail With MAG Reports
MAG brokers can use Track My Trail through the Generic CSV template for MAG-specific statements. In the report handbook, open “What do I upload?” and “Generic (All Other Trail Reports)”. Sign in during your trial or subscription to access the template and preparation guide.
If you receive an original AFG CSV for panel business, follow the handbook’s AFG instructions. Off-panel payments can arrive on a separate statement, outside the report you use for your main MAG book. Add those payments separately and avoid counting the same payment twice.
For a MAG statement, transfer the payment rows into the Generic CSV template using its required columns. Keep loan references consistent across months and reconcile each month’s trail total with the source statement. If the statement is a PDF, PDF to CSV converts it into a file you can check before preparing the upload. The supported-aggregator guide explains the other report routes.
Upload two monthly reports for Quick Analysis. We show which clients were added or dropped off and how their payments explain the change in trail. With stored Trail History, Missing Trail Analysis finds trail that stopped and later returned, separately from discharges. You can raise those gaps with MAG using the affected months and amounts.
7 day free trial. No credit card.
Mortgage Australia Group FAQ
I’m a Mortgage Australia Group Broker. Can I Use Track My Trail?
Yes, you can use Track My Trail for MAG commissions through the Generic CSV template. Original AFG panel reports use the AFG upload route. Include off-panel payments from separate statements so the analysis covers those loans too.
What Does MAG Stand For?
MAG stands for Mortgage Australia Group. Use the full name when identifying the broker group or its licence arrangement, because an abbreviation alone can be confused with another organisation.
