New course for mortgage advisers
The Professional Advisers Association has dumped its introduction to mortgages course and replaced it with a five-day course which it hopes will become mandatory for people wanting to enter the industry.
Monday, September 1st 2014, 4:31PM 
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The new five-day course, Mortgage Lending for New Advisers, has received strong support from dealer groups and lenders, PAA chief executive Rod Severn says.
"The new course is another example of the industry’s commitment to providing excellent advice,” he says.“We want more New Zealanders to use a mortgage adviser and to benefit from quality advice."
Severn says professional development and consumer awareness are two of the biggest issues the association is working on at the moment.
The course qualifies as level five under the National Certificate. It includes three days' mortgage stream training and one day each of business and specialist lending, and business development management.
“This course is an excellent foundation for new advisers,” PAA Learning and Development Manager Angi Mann says. “The practical format prepares advisers for their regulatory requirements; how to work with lenders; meeting client needs and the practicalities of running a mortgage advice business.”
The course is for new mortgage advisers - those who are beginning their career in offering personalised mortgage advice - and for advisers who have not been active in the industry for more than two years.
“In the absence of regulatory-imposed standards of competence, knowledge and skill, industry stakeholders agree that the course content provides new entrants the training they need to provide professional and appropriate advice for clients,” Severn says.
The first Mortgage Lending for New Advisers course will be held in September in Auckland.
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