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There are now over 16,000 Mortgage and Finance Association of Australia (MFAA) members across the country.
Numbers have grown by 9 per cent in the last two years alone. The vast majority (97 per cent) of members are individual mortgage and finance brokers.
Announced at the association’s National Conference in Melbourne last week, CEO Anja Pannek said it was “an honour and a privilege to champion the value, choice, and competition our members create for Australians.”
The latest member numbers come shortly after the announcement of an industry-first education program, in partnership with RMIT Online.
The RMIT Online Mortgage Finance Professional (MFP) Program is the first university-level mortgage broker qualification available in Australia.
As part of the program, MFAA is offering the Mortgage Finance Professional Australia (MFPA) designation, available exclusively for experienced MFAA mortgage brokers.
MFAA brokers who successfully complete the MFP Program and go above and beyond what is recommended, factoring in professionalism, ethics, and client engagement, could be eligible for the MFPA professional designation.
Pannek said the launch of the program was a massive achievement and demonstrates MFAA’s commitment to promoting industry professionalism.
MFAA took the opportunity of these record member numbers to reflect on achievements over the last 12 months.
Earlier in the year, the MFAA – alongside LMG and CAFBA – argued the consequences of the payroll tax on the industry.
The commissioning of the Value of Mortgage and Finance Broking 2025 report revealed that the mortgage broking industry generated $4.1 billion to the Australian economy in 2023–24.
The industry was found to support the employment of 37,349 workers, with its economic contribution being 14 per cent higher than the previous report (adjusted for inflation).
Other achievements include the release of the MFAA’s Home Buying Schemes in Australia guide, the industry’s first white paper on the safe and ethical use of AI, and submissions to multiple inquiries, including the inquiry into the financial regulatory framework and home ownership, calling for a dynamic serviceability buffer, and simplification of government home buyer schemes.
“As the industry continues to grow to meet the demands of consumers and business owners, it’s pleasing to see the immense trust brokers are placing in the MFAA, to be their voice and represent their views when talking to government, regulators and other key stakeholders,” Pannek said.
“We have continued to deliver positive outcomes for our members over the last 12 months, through advocacy, promotion and professional development.”
