1 week left to submit for Mortgage Business Awards

Mortgage Business is inviting members of the mortgage distribution sector to submit an entry for the first-ever Mortgage Business Awards by 5:30pm on Wednesday, 30 November 2022.

The awards are an exciting new program that recognises the top performers in the booming residential third-party distribution channel.

Run with the support of principal partner Resimac, the awards recognise the leading players in the third-party channel, which now accounts for nearly 70 per cent of all home loans in Australia, according to data from the Mortgage & Finance Association of Australia (MFAA).

The awards highlight the achievements of the best and brightest across the sector, including mortgage brokers, aggregators, lenders, innovators, technology providers, and other staff servicing the third-party channel.

They consider excellence in operations, technology, and innovation as well as those who are going above and beyond to deliver outstanding customer outcomes.

Award entrants will be asked to provide a video submission for the award categories they wish to be considered for.

There are 23 categories on offer, including four individual awards, seven group awards, six innovation awards, and six technology awards.

All entrants will be asked to submit a video answering four questions:

• What steps have you taken to ensure operational excellence?
• Provide an example of innovation in your business over the last 12 months and how this has helped your business grow
• How do you ensure the highest level of customer satisfaction?
• What is the best example you can provide to demonstrate business growth in 2022?

Finalist submissions are delivered to the panel of judges, who assess each submission against the criteria of each award category.

For individual finalists, the video will make up 100 per cent of the weightings.

For lender and technology finalists, the video will make up 30 per cent of the weighting.

The remainder will be determined by their positioning in industry research and rankings, metrics from past broker award programs run by Mortgage Business’ parent company Momentum Media as well as the largest brokerage/aggregator and mortgage broker associations, the results of the Third-Party Lending Report, Broker Pulse surveys, Momentum Intelligence’s Aggregator of Choice Survey, and the Mortgage Technology survey.

The combined judging scores for each submission across each category are tabulated, with the highest-scoring submission deemed the winner.

Mortgage Business will announce the finalists in December.

The winners will be announced at the Mortgage Business Awards gala cocktail dinner on Thursday, 9 February 2023.

To submit an entry for the Mortgage Business Awards by 5:30pm on Wednesday, 30 November 2022, click here.

For more information about the awards methodology, click here.

To have your frequently asked questions answered, click here.

For more information about the awards, including categories, click here.

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Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.