Why use an MFAA Certified Mortgage Consultant?
Every member of the MFAA have strict guidelines, rules and experience they must adhere to to obtain and keep an MFAA membership. These include:
A member of the MFAA must have at least 2 years industry experience or met a minimum standard of education
Each member must satisfy strict educational requirements and are required to attend ongoing professional training to keep up with relevant industry developments.
There are two levels of accreditation. A mortgage loan writer is called an Accredited Mortgage Consultant but with greater experience and training members can apply for accreditation as a certified Mortgage Consultant.
MFAA members must adhere to particular industry codes of practice that demand high professional standards, fair business practices, ethical behaviour and compliance with relevant laws and regulations.
Dispute resolution can be difficult if you deal with a non MFAA member. Every MFAA member is required to be a member of a Dispute Resolution Service (EDR) which means you can refer any disagreement to the EDR who can resolve the issue at no cost to you.
So when choosing an Adviser look for the MFAA symbol. As trusted Mortgage Advisers we display our MFAA membership profoundly to give you that peace of mind that you are dealing with highly qualified, respectable and ethical professionals.
The above information has been extracted from the MFAA 'Borrow With Confidence' consumer booklet.