Powered by MOMENTUM MEDIA
the adviser logo

New learning platform for brokers launched

by Staff reporter4 minute read

laptop typing laptop typing

A new interactive learning platform has been launched by the YBR Group, in partnership with Open Colleges, to drive high standards and help brokers stay “ahead of the curve” on regulations.

As described by The Adviser in August, the YBR Group’s new education initiative — developed in partnership with Open Colleges — has been officially launched for brokers in the Vow Financial network.

The platform uses video and social media-style forums to engage learners and contains all training materials, from introduction through to loan selection, sales and marketing online. It enables users to track audit results and “the associated remedial actions”.

The education platform will be rolled out to the YBR franchise network in November.

Advertisement
Advertisement

Speaking at the Vow Financial National Conference 2017 last week, general manager Clive Kirkpatrick said that the education initiative has been in development for over a year, in response to a rapidly changing broker sector. He said: “We’ve all seen that the regulator is delegating responsibility for supervision and monitoring to aggregators, and we’re using this as an opportunity to reinvent the industry’s approach to learning.

“It’s not just about addressing poor processes, but about proactively giving people the knowledge and skills to do the right thing. The increased cost of compliance demands new, scalable solutions from aggregators and we are now a leader in this area.”

The approach will benefit not just brokers but their customers too, Mr Kirkpatrick said.

“The sector is changing all the time, and brokers require bite-size learning to make sure they are ahead of the curve on regulations and products. It’s more than just compliance; it’s about helping our brokers run a better, more profitable business that gives consumers better outcomes.

“We are drawing on the latest education technology from Open Colleges to deliver a platform unlike anything available in the industry today, that will sit alongside our existing online and face-to-face peer learning.”

Open Colleges collaborated with the YBR Group on the materials, as well as on platform design, content development and learning technology.

Open Colleges is a leader in online learning and, for more than 100 years, has been evolving its approach to meet the needs of learners by offering flexible, accessible courses.

Commenting on the partnership, managing director at Open Colleges Nic Cola said: “Today’s professionals are highly mobile and socially connected, but it also means they are often overwhelmed, distracted and impatient. As a result, they need learning options that are accessible whenever and wherever they want.

“They also want learning that also enables them to connect and collaborate with peers, not just consume content. We have partnered with [the] Yellow Brick Road Group to ensure their education approach is designed around all these parameters.”

Mr Cola concluded: “We’re excited to roll this out in such a dynamic and growing industry and with a partner like [the] Yellow Brick Road who believes in the transformative nature of great learning.”

[Related: ‘It’s time’ to take the lead on education: YBR]

New learning platform for brokers launched
laptop typing
TheAdviser logo
laptop typing

MORE FROM THE ADVISER

Jane Counsel

Men’s doubts around female brokers’ experience and knowledge...

Jane Counsel, research lead on the Mortgage and Finance Brokers Association of Australia’s (MFAA) Opportunities for...

READ MORE
depsoit assure grant bailey

Grant Bailey joins Deposit Assure

Grant Bailey – who was previously the general manager of Deposit Power – has taken up a new role at Deposit...

READ MORE
stressed woman ta

How will Labor’s policies tackle housing affordability?

On Monday (23 May) Anthony Albanese was sworn in as the 31st Prime Minister of Australia, alongside the first senior...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more