RESI Accreditation

Being a member of YBR group gives you automatic accreditation with the RESI.

We keep it - easy and simple.

To check if your accreditation is set up in the system and to allow you to lodge your RESI applications - see the attached outlining the steps required to ensure your accreditation is set.

RESI Accreditation Guide

Update on JobKeeper

According to the explanatory statement of the Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8), the rules ensure that JobKeeper is "tapered in the December 2020 and March 2021 quarters and provides targeted assistance to entities that need assistance the most".

JobKeeper 2.0 will replace the current flat $1,500 a fortnight subsidy with a two-tiered system.

  • The subsidy will consist of a $750 fortnightly payment for those working under 20 hours pre-COVID and $1,200 per fortnight for others, which will then be reduced further from January next year to $650 and $1,000, respectively.
  • An entity must satisfy the new actual decline in the turnover test for the quarter applicable to the fortnight, to qualify for any JobKeeper payments, beginning on or after 28 September 2020.
  • For JobKeeper fortnights between 28 September 2020 and 3 January 2021 (inclusive), the applicable quarter is the quarter ending 30 September 2020. For JobKeeper fortnights between 4 January 2021 and 28 March 2021 (inclusive), the relevant quarter is the quarter ending 31 December 2020.
  • Under the new test, the entity must have had an actual decline in its turnover for the applicable quarter relative to its comparable quarter in 2019.
  • According to the legislation, the percentage decline for the quarter for the entity under the new test must be equal to or greater than the required percentage decline in turnover of 15 per cent, 30 per cent or 50 per cent (as applicable).

To read more on this, please click HERE.

Lead Gen Tips

Lead generation is undoubtedly a challenging task, and working on this while you're in the mortgage broking or finance related space, it can be even more demanding. Hence, we are bringing you a quick list of how you can work on your lead gen strategy and make the most out of it.

Create a unique value proposition

You want your ideal client to see you as the superior choice over all banks and brokers with name recognition. Your CVP should offer specific benefits that will appeal to your defined target market.

Provide strong proof elements

Lead generation is about establishing trust - which is why proof points are so important. You can use elements such as awards, client testimonials and online reviews to vouch for your services. And an excellent way to get this word out is through ramping up your socials media.

Offer a lead magnet

Potential clients will be more likely to provide their contact information if they are receiving something of value in return. In exchange for their email address, you could offer a free resource such as a toolkit, report, fact sheet or webinar.

Optimise your SEO

Search engine optimisation is a vital tool for driving traffic to your website or blog posts. Think of specific terms that potential clients are likely to search for, then try to tailor your content around these keywords

Have a powerful call to action

Each piece of marketing and communications, whether a newsletter, blog post, or webpage, should end with a call to action that clearly states what you want your potential client to do next.

In order to execute the above steps and make the best out of them, get in touch with your BDM right now to get that extra bit of support and guidance!

Your BCOP Training

Thank you to everyone who has completed their Banking Code of Practice (BCOP) Training, as well as those who sent through their certificates of completion to the Learning and Development Team.

For those who have not yet completed the BCOP training - Time is running out so if you have not already completed your Banking Code of Practice (BCOP) training please make some time before the due date. There is less than a week left for you to check this off your list!

Important BCOP Information

  • BCOP Training is a mandatory industry requirement for brokers and is also a requirement of most lenders that subscribe to the BCOP.
  • The BCOP course is free
  • FBAA members complete this training through AAMC Training.
  • MFAA members complete this training through the MFAA website You will need your MFAA member login details.
  • You must complete this course by 30 September 2020.
  • Already completed this course last year? Simply lodge a CPD Claim in the Professional Platform with 'Banking Code of Practice' in the name/title field and upload your certificate as evidence. Don't forget to add 1.0 CPD hours to your CPD Plan

Already lodged a CPD Claim last year? There is no need to lodge again. Simply send an email to provide the Claim Reference number or approximately when you lodged it (e.g. November 2019) and we will obtain the information from your CPD History.

Update from TMBL

TMBL has announced an update to its Loan Origination Servicing calculator due to changes in the minimum benchmark figures based on Q2 2020 Household Expenditure Measures (HEM).

These changes will be effective Tuesday 22 September 2020 and will be applicable across their divisions being;

  • Firefighters Mutual Bank
  • Health Professionals Bank
  • Teachers Mutual Bank
  • UniBank

Please find attached the revised Loan Origination Servicing calculator for your reference.

Genworth Serviceability Calculator and Servicing Estimator

TMBL's Lender's Mortgage Insurer, Genworth, will have an updated Serviceability Calculator and Servicing Estimator effective 21 September 2020.

All calculators will be available on our broker portal Tools and Calculators section from their respective effective dates.

The Proposal

Deposit Power had put together some videos, when they were out in Dubbo with the help of some local kids from a drama club and a production company.

At the time Dubbo was in the midst of the drought and it was their small way of contributing to the local community.

The drought seems such a long time ago with everything else that has piled on since and it is just a small reminder of how we can get through anything as long as we're together!