Broker Daily recently hosted the Commercial and Asset Finance Roundtable, the first event of its kind for the new brand.
After rebranding from Mortgage Business to Broker Daily in July 2024, the team has been working hard to engage with the broking industry.
This roundtable saw six experienced commercial and asset finance brokers get into a room together and over some food and drinks, delve into the biggest impacts on the industry.
The guest list included:
- Theo Chambers, Shore Financial
- Effie Nicol, Yellow Brick Road
- Isabella Constantinou, Simplicity Loans and Advisory
- Eva Loisance, Finni Mortgages
- Jason Aziz, Loanoptions.ai
- Max McFarlane, Skyward Financial
There were several themes touched on in the discussion, off the back of which the Broker Daily team was able to craft some original content.
The importance of remaining efficient and informed was a major lesson pushed forward by the brokers. The commercial and asset finance side of broking can be convoluted and often doesn’t receive the attention the residential side does, meaning brokers must promote continuous learning and development.
There is a great deal of complexity involved in this area of lending. One broker described the commercial side of things as a “different species”.
The industry is ever-changing and brokers who want to remain effective and provide the best service for borrowers must stay informed.
Further, the conversation discussed the role of private lenders. While there is certainly a place for them, brokers must be wary to not dive headfirst into something they don’t fully understand.
Private lenders offer a niche service for a specific client and as such, should be used sparingly, depending on the borrower in question.
Brokers who abuse the use of private lenders could land clients in financial turmoil by not fully understanding the intricacies of the loan.
Tech is unsurprisingly a key focus for the industry. Brokers, aggregators, and lenders are all scrambling to keep on top of the ever-changing world of technology and AI that is already shifting processes and priorities significantly.
2025 will be a big year for brokers. We’ve already experienced the first rate cut in over four years that will likely see increased borrower activity.
Meanwhile, the upcoming federal election has seen plenty of promises and legislation coming out of the woodwork that is sure to have tangible impacts on the way brokers work and borrowers enter loans.
Broker Daily is excited to engage with the audience through more events like the Commercial and Asset Finance Roundtable. Stay tuned for more.
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