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So, you want to be a mortgage broker?

Awesome. Our mentoring and scholarships help you start off on the right foot.

Being a mortgage broker is an exciting and rewarding career. It can also be a convoluted and unnecessarily difficult one.

At Purple Circle, we saw many new mortgage brokers struggling. They were handed a “throw them in the deep end and see if they float” pathway to the industry (and they weren’t floating). We looked at that and said, “we can do better.”

So, we created Purple Pathways Academy.

“Typically, barriers of entry into the mortgage broking industry are very high. Once you’ve completed your Cert IV or Diploma, high mentoring costs coupled with a one-size-fits-all approach to teaching, means budding mortgage brokers are left fending for themselves from day one.”

Greg Pennells, Purple Circle Founder & Chairman

In a nutshell.

Purple Pathways Academy is a comprehensive training and guidance program that not only provides the necessary industry knowledge, but also provides mentoring, business advice, practical support, scholarship opportunities, tools and resources along the way.

We want you!

Well, if you’re eligible…

Purple Pathways Academy is a low-barrier proposition for anyone considering mortgage broking as a career in Australia. 

We’re on the lookout for candidates who have successfully completed their Certificate IV or Diploma of Financial Services (Finance/Mortgage Broking Management). If you’ve got that, see if you fall into one of our three student categories (we also offer Scholarship programs for a select group of eligible candidates).

1

Brokers totally new to the industry.

2

Current brokers with less than two years’ experience.

3

Established professionals keen to ramp up their services and/or financial services business.

Content that’s actually interesting.

Strictly no boring stuff.

At the Academy, we take a three-layer approach to broker learning, and we don’t waste your time with “filler” material. Only quality content that is practical, achievable, and engaging.

Layer One

Work with a dedicated industry body approved mentor to:

  • Research, compare and explain different Home Loan products
  • Conduct Home Loan interviews
  • Write Home Loans compliantly
  • Outsourcing Loan Processing and Virtual Assistance
  • Cross-sell complementary products and services
  • Manage client records
  • Stay in contact and service your client’s ongoing financial needs
  • Value and manage your time
  • Grow your business

Layer Two

Our “Broker” support team:

  • Get set up and oriented with our systems
  • Software training and support
  • Compliance training and support
  • Assistance with lender accreditations\CRM platform
  • Create a personal paint-by-numbers solution using an industry-leading platform to
    automate all of your client, business and compliance workflows

Layer Three

Work one-on-one with a highly-experienced Purple Circle member to:

  • Review your business plan and action plan
  • Establish scalable business systems and support structures
  • Market and promote your business
  • Sharpen and implement your Mortgage Broking Business Plan
  • Build a social media marketing strategy campaign
  • Build and develop your local area network
  • Guidance on developing referral sources

Click here for more details on course content and units of competency.

Fees.

Standard entry

$299 + GST per month until completion. 

CRM software and compliance $nil for the first 12 months. Standard fees apply thereafter.

Platinum Scholarship

$149 + GST per month until completion. 

CRM software and compliance $nil for the first 12 months. Standard fees apply thereafter.

Purple Scholarship

Mentoring $nil per month until completion.

CRM software and compliance $nil for the first 12 months. Standard fees apply thereafter.

Ready to walk the Path?

With so many challenges ahead of you, it’s important to choose the right partner to guide and support you on the broker journey — from the beginning. If you’d like to enrol in Purple Pathways Academy, contact us.

Small and Medium Enterprises (SME) Guarantee Scheme


The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates


Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off


An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months


The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.