New course for mortgage advisers

The new five-day course, Mortgage Lending for New Advisers, has received strong support from dealer groups and lenders, PAA chief executive Rod Severn says.

"The new course is another example of the industry’s commitment to providing excellent advice,” he says.“We want more New Zealanders to use a mortgage adviser and to benefit from quality advice."

Severn says professional development and consumer awareness are two of the biggest issues the association is working on at the moment.

The course qualifies as level five under the National Certificate. It includes three days' mortgage stream training and one day each of business and specialist lending, and business development management.

“This course is an excellent foundation for new advisers,” PAA Learning and Development Manager Angi Mann says. “The practical format prepares advisers for their regulatory requirements; how to work with lenders; meeting client needs and the practicalities of running a mortgage advice business.”

The course is for new mortgage advisers - those who are beginning their career in offering personalised mortgage advice - and for advisers who have not been active in the industry for more than two years.

“In the absence of regulatory-imposed standards of competence, knowledge and skill, industry stakeholders agree that the course content provides new entrants the training they need to provide professional and appropriate advice for clients,” Severn says.

The first Mortgage Lending for New Advisers course will be held in September in Auckland.

Comments from our readers

On 2 September 2014 at 4:50 pm Dilkhush Surani said:

I would like to join the course, I have recently registered my self as a RFA

On 3 September 2014 at 12:30 pm Nick Fraser said:

That would be typical of the PAA. Always coming up with new ways to try and force training on advisors which never addresses the central issue which is the quality of advice. Following a set formulaic pattern of disclosure and needs analysis etc. is never going to equate to quality advice. As a broker I see some shocking examples of both bank and broker lending where the client does not have any real understanding of the loan structure they have and consequently it has cost them a lot of money in lost opportunities to pay their loan off much faster.

New course for mortgage advisers

The Professional Advisers Association has dumped its introduction to mortgages course and replaced it with a five-day course which it hopes will become mandatory for people wanting to enter the industry.

Monday, September 1st 2014, 4:31PM 2 Comments

Comments from our readers

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