A major broking group has launched a new mentor accreditation program to help develop its experienced brokers into trained mentors.
Loan Market has launched a mentor accreditation program for the brokerage’s experienced brokers.
The step-by-step guide is designed to provide training and support for experienced brokers looking to mentor loan writers.
The program, housed in Loan Market’s learning and development platform Springboard, provides mentors and mentees with access to a structured program, while supporting resources are provided through its linked Charge Up program.
The program encourages mentors to question their value proposition and what they bring to a loan writer.
“Brokers should assess what they can offer to loan writers, whether it’s just office space or good advice. You don’t want to lose good people just because the training and development were not sufficient,” Loan Market national manager for productivity and performance Kristy Bartlett said.
“We’ve made that easy for brokers.”
While the program will be optional for the first six months, it will become compulsory for any brokers looking to become an accredited mentor after that.
“It’s important for our brokers to have Loan Market accreditation to complement other initiatives like our compliance program, which keeps their businesses safe,” she said.
Ms Bartlett concluded: “With current industry scrutiny, it is now more important than ever to ensure inexperienced brokers are receiving the proper support they need and are working within current and changing legislation.
“By becoming a Loan Market accredited mentor, our brokers can rest assured knowing their business is protected while growing their protege and business.
“We’ve seen that brokers get real satisfaction out of teaching and watching loan writers grow into great brokers. Some would love to be a mentor but don’t know where to start or how to manage the process, this program will guide them every step of the way.”
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