Brokers gave their views to MPA’s Brokers on Non-Banks report, with investors and non-residents featuring heavily
NAB and Macquarie-owned aggregators counter broker suspicions at MPA Aggregators Roundtable
Young employees are often thought of as inferior to their older counterparts. Is this unfair?
In my view a fee-for-service would be difficult for someone just starting out in the industry as we would be unable to realistically compete with already established Brokers or Firms. Resources are initially limited for many, not all, new entrants.
Fee for service for residential lending will kill off the mortgage broker industry at the expense of borrowers. Any fool can see that the average borrower will not pay when they can go direct to the lender as they did 25+ years ago. This nonsense that the banks will pass on the cost savings is simply naive thinking and laughable.Commercial lending is a totally different ball game and suits fee for service.
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