Career Opportunities

We are seeking motivated, career orientated people to join our rapidly expanding team of Business Development Managers who wish to develop their own business and create a position in their local business community, with the opportunity to build a team underneath them.

The financial rewards generated will be entirely dependant upon the effort that you wish to invest into your career. Whether you already have experience in the Finance Industry (not just the Mortgage Industry) or you are a novice and want to enter into this exciting and challenging field. An income in excess of $1,000.00 per week within three months of starting is not an unreasonable milestone to obtain with the potential to double that within twelve months providing you follow our system. However, it will require commitment and perseverance, and if you have this capability, then there is no reason why you will not succeed.

Whether you are person with school children responsibilities with time restrictions or a person who can invest more time, as long as you demonstrate your desire to succeed, we will provide the following support;

1. Full Training

2. Full Back Office Support and Processing

3. Full Access to our Symmetry on-line/off-line Management System

4. Automatic inclusion in our Professional Indemnity Insurance Cover

5. Automatic inclusion in our COSL Dispute Resolution Scheme Cover

6. Product and client assistance 24/7

7. Complete Back Office Management of your clientele thus allowing you to develop your client base unhindered

8. On going education and professional development training support (Finance Cert. IV for example)

9. Exclusivity of territory for leads generated by advertising

10. Any other support that is reasonably required to make your career a success for you (which makes it a success for us as well)

To be successful in this endeavour, you will need to be a person who can communicate clearly, likes meeting people, participates in local community and business events and has the confidence to continually call upon business and non-business people promoting your services and products. This career opportunity is for a long term position.

Our point of difference is that we are, unlike almost everyone else, not "just mortgage brokers/managers". We are a "FULL SERVICE" financier, providing a full range of finance services and products, including Motor Vehicle Finance, Equipment Loans (the last two even as Lo-Doc facilities), Personal Loans, Business Finance, Debt/Equity Capital Raising, Mortgages including credit impaired, Construction Finance, Project Finance, IPO Funding, Divorce Finance, Inventory funding, Commercial Lease Bond Guarantees, Deposit Bonds and the list goes on. We are (and so will you) not just restricted to mortgages only. Every client you meet, you will have the opportunity to supply something, not just one service which may not interest them for the time being.

Please contact us and register your interest by clicking here and letting us know. You will not regret it!

Not sure if this is for you, well register your interest anyway, and let us have a chat with you or call us on the number in our contact page.

We look forward in hearing from you soon!

 

Brief background on the Australian Finance & Mortgage Broking Industry

The concept of Finance Brokers & Consultants is not new. The founder of Finance Here, John Codrington entered the Finance Consultancy field in 1979, when the Finance Brokers & Consultants were rare creatures, and treated with disdain by Banks and many major Finance Companies of the day. In these early days there were also many more small boutique financiers around, who provided unique lending solutions. How things have changed over the last thirty odd years..........

Many of these small boutique lenders either closed up shop or were simply gobbled up by their bigger brothers, thus losing many of the unique financiers and their ability to provide unique solutions. Some of those names (for those of us who are old enough to remember) include Alpine Finance, Beneficial Finance, Associated Midland, Standard Chartered Finance, General Credits, Custom Credit, to name a few along with a stack of others my memory will not let me retrieve.

Back then, it was a requirement (in NSW anyway) to be licensed with the then Commercial Tribunal a subsidiary of the then Department of Consumer Affairs (now known as Department of Fair Trading). Professional Indemnity was not known about then or required, Dispute Resolution Schemes were unknown (any complaints dealt with through the Department of Consumer Affairs and Commercial Tribunal) with the licensing requirements of the Commercial Tribunal ensuring in most cases a reputable industry body. The cost of obtaining a license alone meant only people serious about the industry were prepared to pay the license fee.

In 1996, the industry changed dramatically. The Banking Act of 1996 came into being along with the deregulation of the industry. The requirements of holding a license with the Commercial Tribunal became obsolete, and virtually overnight there were a plethora of people starting up businesses as Finance Brokers with absolutely no knowledge of the finance industry. The chaos that ensued and the damage that did to the Finance Broking & Consulting Industry, is still being felt today some twelve years later.

The banks in their desire to maintain shareholder profits and reduce costs as part of that situation, started to centralise their operations. Loan assessment decisions were removed from the branches (which in most cases were individual profit centres for the banks), and the "old bank managers" put out to pasture with redundancy packages, with the local branches just becoming a "store front" for the banks, with the "store manager" even today with little or no discretion on management decisions. During the late 90's leading up to year 2000, many highly experienced "middle management" credit assessment managers were lost forever from the banking industry as they were encouraged to take redundancy packages. Young credit assessment managers fresh out of University with their "finance degrees" were attempting to assess loans however, due to their lack of field experience were declining more loan applications than they were approving, that their more experienced predecessors would have happily written with safety, due to their "local knowledge" experience. The new Credit Assessment Managers lacked that experience, and the banks have paid the price for this short sighted plan.

In one way we should be thankful for the banks following this path, as this opened up tremendous opportunities for a new style of lender to come into the market. The likes of Interstar Securities (now owned by Challenger Bank), Liberty Financial, Pepper Homeloans, Bluestone Mortgages followed by a raft of other securitized lenders. This resulted in a need for consultants to sell these companys' products, and as a result the Mortgage Broking Industry as we know it was born. This was then followed by Aggregation firms to manage the plethora of brokers in the market place so the various financiers only had one point of reference for management purposes.

Unfortunately during this time of transition, the number of so called finance/mortgage brokers that had hung up their shingle after the deregulation of the Banking Act 1996, had run out of control with the industry developing a tarnished reputation from many of these so called "professionals". The "so-called brokers" were conducting themselves in an unethical and unscrupulous manner and essentially taking advantage of the large number of people who could not obtain loans from the traditional sources, by charging outrageous up front fees, knowing they could not assist the client in obtaining the loan they were seeking through them!

Industry bodies such as Finance Brokers Association of Australasia (FBAA) and the Mortgage Industry Association of Australia (MIAA) now recently renamed Mortgage & Finance Association of Australia (MFAA) have taken huge steps to to clean up the industry and to ensure that their members abide by a strict code of conduct and ethics. Most financiers now insist that before any Finance and/or Mortgage Broker can represent them and promote their products, that they have to belong to one of these industry bodies, and at the same time provide evidence that they carry appropriate Professional Indemnity Insurance and be a member of an independent Dispute Resolution Scheme, as changes under the Uniform Consumer Credit Code now puts a huge emphasis on the integrity of the loans provider, in the information provided to the consumer taking out the loan. Recently (2006) the MFAA expelled one of their members for unconscionable conduct. If you visit the ASIC/FIDO site you will see other action taken by the ASIC against a Mortgage Broker for unscrupulous activities. This individual was not a member of either of the main industry bodies.

In addition the Western Australian Government retained licensing of Finance Brokers (the only state in Australia to do so) with the New South Wales Government introducing the Finance Brokers Act in 2004 (in our opinion a political stunt to try and shut the gate after the horses had already bolted), which was not a licensing arrangement, more of a compliance act required of finance & mortgage brokers in respect to dealings falling under the Uniform Consumer Credit Code.

Over the last three years we have seen an exit of up to 30% of so called finance & mortgage brokers from the industry for a variety of reasons, most of it being attributed to the high standards being insisted upon by the main Industry associations along with the support of the majority of the financiers and lenders along with a shake-out in the market place.

This places anyone wanting to become involved in the industry as a career, in an excellent position, as they will entering the industry in a new and prosperous direction.

The industry itself has changed in its evolvement, particularly over the last six years, and the writer sees further enormous changes taking place within the industry over the next few years........, hence the reason for the current structure of Finance Here.

If you want to know what I believe they will be, you'll need to ask my opinion when you contact us. So if after reading the information above, and you still are excited and keen to become a part of this exciting industry through Finance Here, please click here to register your interest, and we will contact you. We look forward in having you aboard. Alternatively you are most welcome to contact us on the number found by clicking here for our Contact Us page.