External Factors Impacting the Finance Broking Industry
Course Details
Description
The Mortgage and Financial Broking sector is one arm of the Financial Services industry and focuses on mortgage and finance broking management.
This sector works in tandem with the Housing and Financial Services industries. Finance brokers facilitate transactions of a range of financial products and assist customers to meet their financial needs. Mortgage brokers help clients source, compare and apply for mortgage financing,
In September 2020, the Australian mortgage broking industry recorded its highest ever market share of 60.1%. The mortgage broking industry has been identified as a key distribution channel for home loans, accounting for more than half of all residential home loans settled. 2019 skills forecast from Financial Services IRC also puts the mortgage broking industry in one of the top slots when it comes to growth and importance.
With broader changes across the financial services ecosystem – regulatory guidelines, minimum educational requirements – the broking sector is required to evolve, adapt and change to stay relevant.
This course discusses the factors that impact the Finance Broking Industry such as employment, population, investments, and technology. These forces define current and future predictions in the Finance Broking industry.
Estimated Time To Complete
Learning Outcomes
By the end of this course, you will be able to
