Our resident home loans guru, Gopal Sreenivasan, takes the latest intake of home loans Advisers through their paces in the six month mentoring program held at the Newpark office.
Psst. Newpark Home Loans smashed $1b of residential property lending in the last 12 months! A fantastic result that is already well on track to be repeated before the end of the next 12 months. Going from strength to strength as more Advisers see the benefit of the Newpark approach to business.
One of the big challenges you face when bringing a new Adviser on board is the drain on your personal time and the opportunity cost to the business. What's more, trying to determine what structured content over what period should be used is equally as difficult. Fear not because we understand this and recognise there is a gap in the market! That's why we're excited to launch our structured Mortgage Mentoring Program to assist your new recruit with their lender accreditation requirements. New Advisers with little or no lending/brokering experience will undertake six months of close supervision and monitoring under
Speaking at the TMM Better Business Conference in Auckland this week, most groups in attendance said the demands of the regime would require extra costs to cover audit and compliance. Groups gave varying estimates of the potential impact. Andrew Scott of Newpark Home Loans said Newpark had conducted “financial modelling” to assess the cost for advisers working under a group FAP. Scott claimed the new regime would cost advisers an additional $21,000 per year under a group FAP. Scott said: “That’s a conservative estimate, and not to make a profit, but just to break even. If you come under someone
This year's Achievement Award Winners were recognized at the Awards Banquet last Friday night. These awards were to recognize those who made significant contributions to New Zealanders by ensuring more lives were protected and more futures were secured. The Platinum Award was presented to those who achieved in the top 1% of all Newpark Advisers for the period from 1 July 2018 to 30 June 2019. For risk, our Platinum Award winners are: • Leecia Burford • Sanjay Lal • Warren Butler And for mortgages our Platinum Award winners are: • Jaz Bedi • Rachana Dave • Sukhpreet Sidhu Premier
Mortgage advisers could find their selection of available lenders limited by their financial advice provider under the new regulatory regime, Newpark’s Andrew Scott has warned. Newpark Home Loans general manager Andrew Scott believes group FAPs, with responsibility for diligence on lenders, are likely to have an “approved product list” for their advisers, controlling who they can place business with. “Advisers may join a group thinking they have open access to every lender, but they might be in for a shock, and there could be restrictions on what they can and cannot do,” Scott says. Scott believes group FAPs will be
Find a Mortgage Broker If you want to find a mortgage broker when you’re looking for a home loan, then here are some tips to choosing a broker, especially if you do not have an existing working relationship with a mortgage broker already. 1. Establish Trust Firstly, you need to find a mortgage broker you can trust. If you don’t already use a broker, ask around, ask people you know who have used a broker before, and get a recommendation. Getting a recommendation from someone you know is one of the best “trust” measurement tools you can use, after all,