It may be a surprise for some, but for the silent majority of brokers, perhaps not.
1089 brokers have spoken in our online poll which closed yesterday, asking brokers to weigh in on an ACCC review of lender requirements that in some cases make MFAA membership mandatory.
Despite a litany of scathing online comments from brokers which pilloried the idea of making MFAA membership mandatory, the voting broker public steadily added their support to the idea.
The result? 73% of all brokers have said yes to lenders enforcing MFAA membership.
Surprised? Well, perhaps you are among the other 27%, who voted either no, or undecided.
At present, the likes of Aussie, ING Bank, Virgin Money and Mortgage Choice have in place notifications requiring brokers dealing with the companies hold MFAA membership.
However, ING Bank has today confirmed that it is training it is after - not MFAA membership. Mortgage Choice however, is standing by its stance on mandatory membership of its franchisees.
Australian BrokerNews would like to thank you for your participation in the poll - and ask you to vote in our next! Is the glass half full, or half empty - will you write more business in 2012? Vote here!