Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Major conference for NZ mortgage brokers

Major conference for NZ mortgage brokers

Nearly 400 delegates will attend the New Zealand Mortgage Brokers Association’s sixth annual conference in Christchurch starting tomorrow.

The keynote speakers at the two-day conference are John Lees, a celebrity speaker and sales-management motivator and Bruce Cotterill, managing director of Kerry Packer’s ACP Media Ltd.

Brett Rutledge, the 1998 world champion of public speaking, will be master of ceremonies at the conference. Mr Rutledge is one of Australasia’s best impressionists and has worked with the New Zealand Rugby Union and major blue chip companies.

A special forum tomorrow facilitated by Mary-Alice Arthur will provide delegates with real benefits, New Zealand Mortgage Brokers Association conference organiser Rob Tucker said today.

``This is a landmark conference for us as we continue to grow,’’ he said. The hot topic in the industry is the high number of approved loans not being settled. Some of the problem results from the buoyant conditions in the housing market. ``The size of the NZ mortgage market is around $70 billion in total. Approximately $22 billion in mortgages is written annually and of this mortgage brokers account for approximately $6 billion – or about 28 percent of loans,’’ Mr Tucker said.

About a quarter of all mortgage business is now written or placed through mortgage brokers compared to Australia which is running around 40 per cent. The association said it expected the industry to grow to a similar level in New Zealand.

The association has more than 575 members and the use of brokers is gaining in popularity because a broker represents the client's interests but knows the banking system.

Members of the Mortgage Brokers Association must have a proven history of relevant experience and have passed a training and accreditation programme.

Mortgage broking must be the principal activity of the member, who must gain approval from at least six major financial institutions.
And members must have at least $1 million in professional indemnity insurance cover.

© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news