Mortgage News

NZMBA to help members grow business in 2011

Thursday 10th of February 2011

NZMBA chief executive Darren Pratley says the strategic plan for the year is focused on the needs of members and generating supplier benefits will help members get more value out of their membership.

"There's also work being done on exactly how the membership is made up - we're looking at categorising members."

He says this will involve an education and membership pathway  to start from April with three levels of membership, the first being a standard NZMBA member, secondly a certified NZMBA member for those who have done the mortgage papers and finally an authorised financial adviser (AFA) member.

The idea is that people who have done the higher levels of education have the ability to progress their way within the membership so they can show their client they have done those extra levels of training, whereas being in the registered space doesn't necessarily do that.

"It's a third party endorsement for the customer as part of your marketing programme.

In the regulation space, the association is developing industry standard documents that meet legislation requirements and on the education side CPT point training will be offered.

Pratley says it will also be rolling ahead with its involvement with Adviserlink and John Melton to encourage an up-skilling environment.

He believes the most important thing for mortgage brokers to understand under regulation is what competence looks like.

"If you haven't got anything that's a formal qualification, then you need to think about getting something that can help prove your competency.

"Longevity in the industry now doesn't necessarily mean you've got a level of skill."

The other big focus for the NZMBA after a disruptive year around regulation is a return to focusing on growing members businesses.

Pratley says the NZMBA will be launching a road show on growing business in April.

As Pratley has stepped down from the NZMBA general manager position as he takes up work with TNP, the association is currently looking for a replacement.

The NZMBA conference will be on August 4 & 5 in Christchurch.

Comments (3)
Simon Rule
“NZMBA chief executive Darren Pratley says the strategic plan for the year is focused on the needs of members and generating supplier benefits will help members get more value out of their membership” Sorry, this just sounds like another attempt by the NZMBA to “try” and justify its continued relevance to mortgage brokers and their businesses. Despite Pratley’s claims, the banks have no time for the “collective Strength” of the association and this was made abundantly clear when trails were cut a few years ago by the majority of the lenders. Any supplier benefits to be negotiated from the banks themselves for brokers are done directly by the broker’s own company nowadays i.e. Mike Pero or Allied Kiwi. The NZMBA keeps trying to find ways to show brokers that NZMBA membership is beneficial to their business. Finally if I read this article right the NZMBA is now proposing there be 3 different kinds of mortgage brokers that actually belong to the association AND the consumer is supposed to be able to differentiate between them all?? Good luck! As for the “third party” endorsement offered by the association this again is just pompous talk to try and show the NZMBA has some relevance to play. Also given that the vast majority of mortgage brokers have elected to be RFA the NZMBA doesn’t seem to be listening to what the industry is telling it.
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13 years ago

Simon Rule
Sorry NZMA Friend (NZMBA Friend?) I respectively disagree. The majority of mortgage brokers simply don’t see value in belonging to the association anymore hence the declining membership numbers and lack of attendance at conference. The NZMBA's request to be a dispute resolution service for mortgage brokers was declined by the government so this was the final nail in the coffin for the association having a role to play in the new regulatory regime. Our industry would be in a far better shape thank you if the association had focussed on policing rogue brokers over the last few years instead of concentrating on its fee revenue.
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13 years ago

Simon Rule
I can’t think of a single reason why being a member of the NZMBA is going to benefit me OR my clients?
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13 years ago

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