AFG broker Accounts

AFG Account Type

　　AFG offers various account types tailored to meet the diverse needs of brokers. The primary account types include:

　　Residential Loan Broker Account: Designed for brokers focusing on residential mortgages. This account provides access to a wide range of lending products and tools to streamline the mortgage process.
　　Commercial Loan Broker Account: Suitable for brokers interested in diversifying into commercial lending. This account allows brokers to offer business finance solutions alongside residential loans.
　　Aggregator Account: A comprehensive account type that provides brokers with access to AFG's extensive lending panel, technology support, compliance assistance, and marketing resources.
　　Flex Account: This is a cloud-based platform that functions as a CRM and electronic lodgement system, enabling brokers to manage their client data and applications efficiently.

　　Opening a broker account with AFG involves several straightforward steps:

　　Initial Inquiry: Prospective brokers should submit an inquiry to AFG to express their interest in becoming a broker.
　　Documentation: Brokers are required to provide necessary documentation, including identification, credit checks, and professional qualifications (e.g., Certificate IV in Finance and Mortgage Broking).
　　Membership with Industry Bodies: Brokers must obtain membership with relevant industry bodies such as MFAA or FBAA, and also register with AFCA for consumer protection.
　　Choose Account Type: Brokers will select the type of account that best suits their business needs (Residential, Commercial, Aggregator, or Flex).
　　Compliance and Training: AFG provides ongoing training and compliance support to ensure brokers are equipped with the knowledge and tools necessary for success.
　　Launch: Once all documentation is submitted and approved, brokers can start operating under the AFG brand, gaining access to their resources and support systems.