LMG has introduced an industry-first entry process aimed at making it easier for bankers to move into mortgage broking, addressing a common sticking point in the recognition of prior learning (RPL) process.
Developed in partnership with Registered Training Organisation Institute of Strategic Management (ISM), the new approach removes many of the documentation hurdles that have traditionally made it difficult for former bankers to have their industry experience formally recognised, while maintaining rigorous standards for qualification.
Deanna Garrasi (pictured), LMG's head of broker education and training, said the change directly addresses a common barrier for career changers.
"The RPL process can be frustrating. Someone might have 15 years of experience in analysing expenses and calculating serviceability at a bank, but it's difficult to source documentary proof once you've left," Garrasi said.
She said LMG had worked closely with ISM to design assessments tailored to bankers' existing skill sets.
"We've worked with ISM to develop bespoke assessments for bankers that confirm the skills they've acquired without the pain of having to source documents belonging to their old institution. It fast-tracks the assessment process, considerably," Garrasi said.
The aggregator has reported a 30% rise in enquiries from bankers looking to make the switch to broking.
Alongside the new pathway, LMG has relaunched its Certificate IV and Diploma in Finance and Mortgage Broking courses, delivered through its Brokerversity learning platform, which has already produced 515 nationally recognised graduates. New brokers joining LMG are required to complete their diploma within 12 months of starting.
The relaunch also introduces AI-assisted marking of assessments, a move Garrasi said would speed up turnaround times.
"Adopting AI means qualifications won't be slowed down by the workloads of assessors," she said, adding that the change would improve the overall study experience for participants.
This builds on LMG's broader AI push across the business — the aggregator's in-house lending tools cut loan approval times by 18% in July, driven by rising broker adoption of its MyNoteWriter and MyQualityAssurance assistants.
Brokerversity now counts 16,250 members and has expanded well beyond residential lending, covering commercial finance, asset finance, AI, marketing and recruitment across more than 150 courses, with 1.7 million minutes of learning completed to date. Its AI Learning Hub offers courses, webinars, podcasts and a library of over 100 ready-to-use prompts covering areas such as marketing, document management and workflow automation.
Vanessa Ross, business operations manager at Invictus Finance, praised the platform's approach to learning.
"The explanations were straightforward without feeling overly complicated, which made it much easier to understand the key points," Ross said.
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