Mortgage brokers may need annual accreditation
Tuesday 23 March 2004
The New Zealand Mortgage Brokers Association’s (NZMBA) progress towards establishing a broader industry-wide organisation is continuing with the current focus on the accreditation process.
By The Landlord
NZMBA chairman Brian Berry says the committee working on the project, which includes lender representatives, is looking at having not only up front accreditation when brokers first join the organisation, but also at ongoing annual accreditation procedures.It is also looking at how "accreditation by exception" or the process of expelling or excluding brokers who blot their copybooks should be handled.
Accreditation "is the major issue for everyone because quality and broker performance are the key issues in the market place," Berry says.
Once this issue is sorted out to the satisfaction of both brokers and the lenders, establishing the new organisation should fall into place.
Read More - Opens in a new window
Commenting is closed
Property News
Major industrial development powers on
It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.
House Prices
House price drops are short-lived - Alexander
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Commercial
Resilience needed in face of change
The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
