Sub Aggregator List

Discussion in 'Property Finance' started by HenryF, 25th Oct, 2018.

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  1. HenryF

    HenryF Well-Known Member

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    Dear all,

    Non-mortgage broker here, but does anyone know where I can find a list of sub-aggregators, Not Aggregators, just the sub ones.
    Preferably in Melbourne.
    Google is not very helpful.

    Thank you.
     
  2. HenryF

    HenryF Well-Known Member

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    Or even if someone can simply list a dozen or so that would be very helpful :)
     
  3. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    I doubt you'll find what you want quite so neatly listed, but a quick look on the MFAA website has a list of their member aggregator and franchise groups:

    MFAA Aggregators & Franchise Groups | MFAA

    It doesn't tell you which are primary and which are sub aggregators. You'll likely have to do that legwork yourself (try trolling through their websites).

    A quick look didn't reveal anything for the other main industry body, the FBAA. It's also possible you might find similar resources via the ASIC website by doing some interesting searches on different credit licenses.


    I'm quite curious about why you want such a list, especially if you're not a broker? I don't think I've ever had a client ask anything about my aggregator, most wouldn't have a clue what an aggregator is, let alone a sub-aggreagator.
     
  4. HenryF

    HenryF Well-Known Member

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    Well I'm not a business member and don't want to be caught out on what I am saying. So I shall just leave it as it is for my business not personal use that I want the list.

    Thanks for the MFAA list, I had found that but was hoping the legwork I wouldn't need to do haha.
     
  5. Terry_w

    Terry_w Mortgage broker licenced 4 tax/legal advice Business Member

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    what is a sub-aggregator?
     
  6. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    A bit like the Navy ??...They have a few subs
     
  7. Shogun

    Shogun Well-Known Member

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    You have the Aggregator. The sub aggregator is the one that calls the aggregator Master?
     
  8. HenryF

    HenryF Well-Known Member

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    I created my own list by forcing google to look for pages that had the words 'sub aggregator' together on it.
    Sub aggregators are just a level below aggregators, but a level above brokers. Although many seemed to have been bought out in recent years.
     
  9. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Typically, most aggs dont want 5000 brokers on the their books

    they prefer to have smaller numebrs that will take newish people on, train them, support them etc. Thats where sub aggs have a place

    For most newey brokers, direct aggregator agreements arent an option unless properly mentored and edified by another existing broker in the agg group.

    ta
    rolf
     
  10. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    That might be what it looks like from the outside, but from where I sit, a sub-aggreagator is a group within a group, that usually has a speciality or niche to service a particular broker segment. The broker-aggregator relationship isn't something that I'd consider any sort of hierarchy.
     
  11. jazzsidana

    jazzsidana Mortgage Brokers - Investment Savvy Business Member

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    I know a couple ...
    1) Buyers choice
    2) Freedom
    3) Finweb
    4) Loan studio
    5) Port group

    These are all in Melbourne btw..

    Any particular reason you looking for them?

    Cheers,
     
  12. HenryF

    HenryF Well-Known Member

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    Thanks Jazz-I think some of them are aggregators though no?

    The head company I work for, works & networks within the mortgage industry, I am just doing some legwork for them.
     
  13. jazzsidana

    jazzsidana Mortgage Brokers - Investment Savvy Business Member

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    Pretty sure all of these are sub... unless it changed in last one year