FBAA’s White to speak to Canadian brokers

The executive director of the Finance Brokers Association of Australia (FBAA) Peter White will travel to Vancouver this month to address the Canadian Mortgage Brokers Association’s national conference.

Mr White said it was an honour to be asked and a testimony to the FBAA’s standing amongst finance broker peak bodies globally.

He will also be meeting with their national board to discuss issues of mutual interest as well as meeting with the Financial Institutions Commission, the Canadian equivalent of ASIC.

“We connected with many of the international associations as we prepared our submission to the current ASIC review, and we were able to learn a lot about how brokers worldwide are remunerated.”

Mr White said the Canadian association is keen to learn from the success of the Australian third party channel.

“With over 50 per cent of home loans being written by brokers in Australia we set the standard for mortgage broking.”