A quality mortgage aggregator will help you go further.
If you want to become a successful mortgage broker you’ll need to understand the importance of choosing the right mortgage broker aggregator to suit your business model.
So, what is an aggregator? And how will they help you to further your career?
An aggregator is a business partner
To put it simply, a mortgage aggregator is your business partner helping with the tools you need to run your business.
If a broker partners with an aggregator, then the aggregator facilitates the relationship and training needed to become accredited with individual lenders.
In a nutshell, an aggregator will usually provide software, support services, access to lenders and functions for processing commissions.
At a minimum you should expect essential services that’ll support you during your day-to-day as a broker, such as learning and development and compliance support.
What role do mortgage aggregators play?
Typically, it will include the following:
- Providing the broker with access to a wide range of lenders and their finance products
- Facilitating the payment of a broker’s commissions
- Equipping brokers with a compliance framework, licensing and support network
- Giving access to software and technology that allows a member broker to lodge, monitor and manage finance applications
- Offering software and technology that allows a broker to manage their customers
- Supplying marketing software that’ll help to attract and retain clients
- Recommending education, training, and professional development offerings to upskill brokers.
Why is it important for brokers to find the right aggregator?
Finding the most suitable aggregator to suit your needs could be the single most important thing you should do when setting up as a mortgage broker. The right aggregator will equip you with the support, tools and training that encourage your business to grow.
They will:
- Enhance your business efficiency through cutting-edge technology that gives you all the tools you’ll need to thrive, like our Suite360.
- They’ll help you market your broking business like a pro – so that you can focus on propelling your business forward. At AFG we designed a multi-award-winning SMART program to help brokers centralise marketing activities for their business.
- Help you get better every single day; through learning and development you can access when you need it. At AFG we make ongoing professional development effortless for brokers with access to hundreds of learning pathways, webinars and insightful training events.
- Provide you with support that will enable your business to grow, At AFG, we have over 200 staff focused on helping you support your customers, protect your business and grow to new heights.
The many hats of a Partnership Manager
If you choose AFG as your aggregator, you’ll be assigned a dedicated Partnership Manager. The number one job of your Partnership Manager is to support your business and get you moving faster. A Partnership Manager will wear many hats of support for our brokers, including:
- HR advisor;
- Continuous improvement specialist;
- Recruitment strategist;
- Marketing consultant;
- Business coach;
- Compliance partner;
- Trusted business partner.
It’s important to find an aggregator who is supportive of your business. With AFG, we’re always provided with great industry insights that are extremely valuable for us.
AFG also provided a great learning platform to make sure we are always up to date and complying with Best Interest Duty (BID) and lending compliance work. We could not have managed our compliance obligations without support from AFG.
– Keith Ho, JKK Solutions
Feel free to contact us today
Now that you have heard all about the role of an aggregator, why not reach out to us about the support we offer to our brokers.
