Edit: The article has been updated to reflect MBIG's official statement.
A new national survey created from a collaboration between industry associations and aggregators has asked brokers to help counteract negative reports about broking through concrete data and figures.
The survey is being run by the Mortgage Broking Industry Group (MBIG), which consists of AFG, Astute
Financial, Aussie Home Loans
, Choice, Connective
, FBAA, Loan Market
, MFAA, Mortgage Choice
, nMB, PLAN, and Smartline
. Deloitte Access Economics has been commissioned to conduct the independent report to determine the value of mortgage broking.
“The importance of this project is reflected in the fact that both mortgage industry associations and a group of aggregators have worked closely together to address these views with fresh research,” said Joe Sirianni, chairman of the Project Steering Committee and director of Smartline Home Loans.
While the industry as a whole recognises the positive impact that brokers have, this investment would allow the industry to present reliable data to all interested parties about its value, he said.
“We have identified that there is a need for up-to-date evidence explaining the growth in the use of brokers. The industry can support the impending report by taking the time to fill out the survey and adding value to this important initiative nationally.”
With brokers often asking what they could do to support the industry, Sirianni hoped they would take some time to assist with this report.
The survey is available for all brokers, broker businesses and aggregators to complete, and will be delivered through the MFAA, FBAA and aggregators. It will be open until 6pm on 3 December with results expected to be released early next year.
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