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More than 130 brokers sign up for MFAA SMSF lending accreditation

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Australian Broker | 16 Oct 2013, 07:00 AM Agree 0
More than 130 MFAA credit advisers have signed up for the association's SMSF lending accreditation program as the market sector swells
  • not so old broker | 16 Oct 2013, 10:09 AM Agree 0
    20 whole hours and I get a nationally recognised qualification. Where do I sign up - not! This is the face of cynical money grubbing, when the industry is under scrutiny for the lack of proper advice already. What were they thinking?
  • chrisc | 16 Oct 2013, 10:13 AM Agree 0
    we already hold accreditations with the Lenders for SMSF lending and have been doing these types of loans for a few years now - well not so much resi but the commercial ones that are feasible. what extra benefit will we obtain by doing a separate MFAA course and if this is completed does it replace having to sit the SMSF accreditations with each lender thereafter.
  • The Oracle | 16 Oct 2013, 10:24 AM Agree 0
    Gaze into the crystal ball...... I see Lenders needing to see the Brokers SMSF Accreditation Certificate before they will allow you to submit deals..... (remember the old days of SEQUAL & reverse mortgages.....)
  • Jay | 16 Oct 2013, 06:16 PM Agree 0
    While SMSF loans are already available, and this course would not be a pre-requisite to writing SMSF lending, I think the course is a good idea.

    There is great potential in this market and it wouldn't hurt to have a better understanding of how it all works.
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