How to become a mortgage broker

Here are 9 simple steps to help you become a Mortgage Choice broker today. With the option to run your own franchise, take over an existing business, or becoming a mobile broker, your journey begins here.

We will support you through the process

2020 has provided one with the opportunity to reflect on your career journey & reset the course to take full control of your career destiny.

At Mortgage Choice, we offer unparalleled training and support to help you kick–start an enriching career and ensure longevity and success in the business.

While some of our franchisees have come from the finance industry or have mortgage broker qualifications, many of our business owners have come from vertical industries.

As long as you have a drive to succeed, have a CAN DO, WILL DO Attitude love sales, and are a people person, you have everything you need to become a successful mortgage broker.

We are pleased to announce Mortgage Choice’s Learning and Development Division has partnered with ISM to provide an accelerated Certificate 4 in Finance and Mortgage Broking Course. This Mortgage Choice tailored program will run in 2 parts. The first part is online and self- paced to fit in with your scheduling and the second part is a series of virtual workshops and assessment support tutorials

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Fast track your application and speak with a team member

How to become a mortgage broker and the steps involved

1 Experience is not necessary – just the drive to succeed

2 To become a mortgage broker you’ll need to complete a Certificate IV in Finance and Mortgage Broking

3 Complete our business plan and cash flow management forecast templates

4 Create a business entity or trust

5 Obtain background checks - Criminal, Credit and Bankruptcy

6 Provide proof of professional indemnity insurance

7 Sign agreements

8 Lender accreditation comes next – as a mortgage broker you will work with specific panel of lenders

9 Attend our in-house training program

Become a mobile broker

Starting out as a mobile broker allows you to get all of the benefits of a storefront franchise while minimizing your initial risk.


Mortgage Choice and you.

If you’re prepared to roll your sleeves up, your Mortgage Choice franchise can be an outstanding investment and the way to take control of your future.

You have the potential to enjoy the rewards of your own effort backed by our extensive support, and experience the financial and personal benefits of a growing business.

Find out more about how to become a Mortgage Choice franchise owner.

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Get all your questions answered

Buying a franchise removes an enormous amount of the complexities usually associated with a start-up company as you benefit from the experience that has made the business model so successful. Beyond this, the franchise model is there to offer you real support with established systems, management advice, marketing assistance and ongoing training and development.

With Mortgage Choice you will also acquire all important lender relationships and access to essential industry accreditation.

Property buyers can save both time and money by speaking with Mortgage Choice brokers. Our brokers provide invaluable mortgage advice and an exceptionally high level of customer service. We offer our clients an extensive choice of loan products from more than 25 banks and lenders - whereas a bank only offers one small suite of product options.

This choice enables our brokers to compare hundreds of home loans to find one that really suits the customer's needs.

You’ll need qualifications / certifications, a great business plan (we’ll help you put one together), a laser focus on the customer and a tonne of enthusiasm for your new business.

You must have completed a Certificate IV in Finance & Mortgage Broking and Anti-Money Laundering accreditation. Within two years, you will need to complete a Diploma of Finance & Mortgage Broking Management.

All licence fees and start-up costs including training, marketing and administration fees are payable upfront.

Not at all. Many franchisees work successfully from a home office or shared office space, and later move to a retail shopfront. Meeting spaces are a critical part of the customer experience, so we encourage franchise owners to move into an office with branded signage or a retail shopfront within three years.

Yes! Many of our franchisees enjoy the rewards of owning multiple franchises.

You will typically have an area in which you can directly market your own Mortgage Choice franchise but you may receive enquiries that come to you from outside your marketing area – and you are free to handle these within your own business.

Not at all, Mortgage Choice offers multiple revenue streams including: Home loans, asset finance, general insurance, and business loans. As you progress in your career, you can diversify your revenue through.

A 2-week training course is fully provided as well as our Accelerate Partnership Program that runs for your first two years as a Mortgage Choice broker. We also provide ongoing support for as long as you need it.

About 45 - 60 days from first conversation to opening up the franchise.

Our home loan service is at no charge to our customers as the lenders pay Mortgage Choice a commission on home loan settlement. Mortgage Choice then pays a commission to the broker – the broker is paid the same rate of commission no matter which home loan the customer chooses from our wide choice of lenders. This helps to make sure our customers’ best interests are always at heart.

Your Mortgage Choice franchise will provide considerable flexibility to enjoy work-life balance. But being a franchise owner calls for commitment and it’s a full-time role.

What our Franchisees have to say

Book an appointment with our franchising team today.

Hear some of our franchise success stories

Jo's story

"I love educating clients, it helps them now and in the future."
Jo Croft, Mortgage Broker, Springwood

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