Hi BBG
let me butt in
AMC TLA for Accredited Mortgage Consultant is a term used by an 'associate" member of the MIAA, Mortgage Industry Association of Australia.
Its ONE of several industry assocations that attempts to provide consistency in the industry and in some way pseudo regulate at least some basic things, because governments have shown they cant.
Tight rules of conduct, mandatory PI insurance, minimum training standards and continung development combined with a complaints system work to provide a reasonabel framework.
In terms of reputation, I would strongly urge that clients do NOT use a broker that isnt accredited with the MIAA or the FBAA (Finance Brokers Assocation). It wouldnt make that person shonky, it just gives you little leverage if you need it.
ta
rolf
let me butt in
AMC TLA for Accredited Mortgage Consultant is a term used by an 'associate" member of the MIAA, Mortgage Industry Association of Australia.
Its ONE of several industry assocations that attempts to provide consistency in the industry and in some way pseudo regulate at least some basic things, because governments have shown they cant.
Tight rules of conduct, mandatory PI insurance, minimum training standards and continung development combined with a complaints system work to provide a reasonabel framework.
In terms of reputation, I would strongly urge that clients do NOT use a broker that isnt accredited with the MIAA or the FBAA (Finance Brokers Assocation). It wouldnt make that person shonky, it just gives you little leverage if you need it.
ta
rolf