MortgageEducation

Latitude Launches Broker Beginner Series to Boost Rookie Broker Skills

9 months agoUS
Latitude Launches Broker Beginner Series to Boost Rookie Broker SkillsSource: wkrn.com
Latitude has launched a free, four-week Broker Beginner Series designed to equip rookie mortgage brokers with fundamental financial literacy and responsible lending skills. The online course aims to bolster industry resilience and improve customer outcomes by providing essential training to those new to the field.

Key Insights

Latitude’s Broker Beginner Series is a free, eight-module online course for new mortgage brokers.

The course focuses on responsible and sustainable lending practices.

Led by Nina Griffith, Latitude’s broker capability manager, the series aims to address gaps in financial knowledge among rookie brokers.

Latitude’s investment in broker education includes an Education Series for experienced brokers, with over 2,300 attendees in Q2 2025.

Latitude has over 4,500 broker partners across Australia and New Zealand, with 42% of its personal loan business sourced through brokers in 2024.

New originations in personal loans increased by 13% to $370 million in Australia, while auto loans grew by 3% to $229 million.

Why This Matters: This initiative addresses the critical need for well-trained mortgage brokers, ensuring they provide sound financial advice and promote sustainable lending practices. With a significant portion of Latitude’s business coming through brokers, investing in their education directly impacts customer outcomes and the overall health of the mortgage industry.

In-Depth Analysis

Latitude’s Broker Beginner Series arrives as a strategic move to enhance the capabilities of new mortgage brokers entering the industry. The four-week, eight-module online course is structured to provide a comprehensive understanding of responsible and sustainable lending. Led by Nina Griffith, the program aims to bridge the financial literacy gap often seen among rookie brokers.

This initiative builds upon Latitude’s previous efforts, including a broker roadshow that connected with over 500 brokers across Australia. It also complements their existing compulsory education for brokers writing personal and auto loan products, which covers risk, compliance, and product training.

Latitude’s broader Education Series, which targets more experienced brokers, saw significant participation in the June 2025 quarter, with over 2,300 brokers attending sessions on fraud, vulnerable clients, income validation, and servicing assessments. This holistic approach to broker education underscores Latitude’s commitment to quality applications and stronger customer outcomes.

With a substantial broker network across Australia and New Zealand, and a significant portion of their personal loan business originating through brokers, Latitude’s investment in broker capability is a key driver of their business strategy. The recent increase in personal loan originations further highlights the importance of a well-informed and capable broker network.

FAQs

Q: Who is the Broker Beginner Series for?

The series is designed for rookie mortgage brokers who are new to the industry and may have limited financial knowledge.

Q: What topics does the course cover?

The course covers the fundamentals of responsible and sustainable lending.

Q: Is there a cost to participate in the Broker Beginner Series?

No, the series is offered free of charge.

Q: How does this initiative benefit the mortgage industry?

By ensuring new brokers receive essential training, the initiative aims to build a more resilient broker community and improve customer outcomes.

Key Takeaways

New mortgage brokers can access a free, comprehensive training program to enhance their skills.

The Broker Beginner Series focuses on responsible and sustainable lending practices, crucial for long-term success.

Latitude’s investment in broker education reflects a commitment to quality and improved customer outcomes.

Brokers can leverage this training to build a solid foundation in the mortgage industry and provide better advice to clients.

Discussion

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