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.
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
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,