Join FirstMac - how to become accredited

Are you a registered mortgage manager or broker and interested in being able to offer your customers FirstMac home loans and hence more loan choices to suit their needs?

To become accredited with FirstMac you will need to:

1. Complete an accreditation application and

2. Meet the following accreditation criteria

Broker accreditation criteria:

• Confirmation of the type of business you write eg residential loans
• Proof of MFAA or FBAA membership
• Proof of compulsory PI insurance at a minimum of $1 million
• Demonstration you are capable of doing business with FirstMac

Sub Broker accreditation criteria:

• Confirmation from the parent account / aggregator that your business is a sub-broker with them
• Confirmation of the type of business you write eg residential loans

Private Label accreditation criteria:

• Proof of MFAA or FBAA membership
• Proof of compulsory PI insurance at a minimum of $1 million - this must include cover for both finance brokering and mortgage origination / management
• Demonstration you are capable of doing business with FirstMac
• Agreement of projected volumes

Mortgage Manager accreditation criteria:

• Provide resumes for key staff - including credit, loan processing, arrears (if applicable)
• Supply a business plan including structure of company, history and key staff
• Agreement of projected volumes
• Proof of MFAA or FBAA membership
• Compulsory industry check
• Credit check