Will AI Replace Mortgage Brokers? The Truth About the Future of Lending | Ep. 43

09/12/2024 30 min Temporada 1 Episodio 43
Will AI Replace Mortgage Brokers? The Truth About the Future of Lending | Ep. 43

Listen "Will AI Replace Mortgage Brokers? The Truth About the Future of Lending | Ep. 43"

Episode Synopsis

Want to learn how our proven wealth-building strategies can help you create lasting financial security? Book a FREE consultation today: https://subscribepage.io/BookAConsult -----In this episode, we’re joined again by Peter White, the managing director of the Finance Brokers Association of Australasia (FBAA), who was awarded a Member of the Order of Australia (AM) for his outstanding contributions to the finance sector and community.Peter talks about why a revolutionary "diploma with a difference" is replacing weekend certifications to build true mortgage expertise, how commercial lending offers untapped profits for specialised brokers, and why understanding client businesses is the new competitive edge in commercial finance.He also discusses how AI will enhance (not replace) broker value, the truth behind 0.1% interest rates and 2025 market predictions, and why broker-planner partnerships could be the industry's biggest missed opportunity.If you want to future-proof your finance career with insights from a veteran who's mastered four decades of market cycles, then make sure to listen to this episode!-----SHOW NOTES LINKShttps://www.linkedin.com/in/peter-j-white-am-b094607/ https://www.fbaa.com.au/ https://www.linkedin.com/company/fbaahttps://www.instagram.com/_fbaa_/ https://facebook.com/FinanceBrokersAssociationofAustralasia/ https://www.youtube.com/channel/UCOJSJXnJzAI-SPj7m5wTmkA -----LISTEN TO THE PODCASTSpotify: https://spoti.fi/3qJL8w4 Apple Podcast: https://apple.co/3QPF3ch Amazon Music: https://amzn.to/3YMZjgD Google Podcast: https://bit.ly/3swIVEF-----FIND US HEREFacebook: https://bit.ly/3RsO5Mr LinkedIn: https://bit.ly/3Rs0Qah Instagram: https://bit.ly/46kZvGp TikTok: https://bit.ly/3PSbK7U YouTube: https://bit.ly/3rsKxPG-----CONTACT [email protected]   Client Enquiries: 1300 179 537Careers & Press: 1300 179 537-----TIME STAMPS:00:00 Intro00:12 - What is The Initiative Peter's Most Proud Of?05:03 - Addressing the Revolving Landscape of Financial Mortgage Broking07:21 - Impact of Technology in the Marketplace09:20 - Changing Partnership Between Mortgage Broker and Financial Planner12:18 - Learnings Australia's Economic Ups and Downs16:08 - Rate Rises17:43 - Mindset and Behaviours in Spending Patterns19:21 - AI Innovations in The Finance Sector23:03 - Privacy on Data Concerns25:42 - How Will These Developments Support Mortgage Brokers?27:08 - FBAA plans for 202428:41 - Conclusion-----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant

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