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New broker sets record for Loan Market

by Reporter10 minute read

A new-to-industry broker has graduated from Loan Market’s mentoring program in record time after writing $12 million in settlements.

Queensland loan writer David Yang completed the MFAA-accredited course in just 10 months – a new record for the state.

To graduate from the program, brokers need to achieve $12 million in receipted settlements. Mr Yang enrolled in the course with deals waiting, according to Loan Market’s program manager for Queensland, Karen Laursen.

“We launched the Accelerated Mentoring Program in Queensland in October 2014, and David was my first student. He set out for success early and actually had deals waiting when he started out,” she said.

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“We got him accredited as quickly as possible to ensure he was ready to start bringing those deals to life.”

With a background in financial planning, Mr Yang said he had a natural affinity to mortgage broking and joined Loan Market so he could run his own business.

“I knew I was ready to take the next step in my career and start my own business,” he said.

“I chose Loan Market because of the support the Accelerated Mentoring Program offered. I was taught everything I needed to know to get started, particularly around the different lenders. The program gave me the knowledge and confidence I needed to start a successful business.”

Mr Yang said he is very pleased with how his business is performing, and plans to continue to build his client database and grow to a point where he can hire a support team.

Ms Laursen said she has set Mr Yang a challenge to become the first Queensland graduate to achieve ‘elite’ status within the Loan Market group, which is awarded to brokers who reach $50 million in settlements or write 140 loans in a financial year.

[Related: Loan Market posts near-50pc loan growth]

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