Banking News

Accreditation Drive to Transform Asset Finance – CAFBA

Accreditation Drive to Transform Asset Finance – CAFBA

(21 January 2022 – Australia) The Commercial and Asset Finance Brokers Association of Australia (CAFBA) forecasts that a wave of diversification is set to take place in the year ahead as greater numbers of mortgage brokers expand into asset finance.

CAFBA reinforced the importance of education for brokers diversifying into asset finance as the association releases a new credential. The US Certified Lease and Finance Professional (CLFP) credential will be offered in Australia in 2022 with the stated aim to further professionalise the broker channel and asset finance.

The globally recognised CLFP designation is an intensive course designed for equipment leasing and financial professionals, including brokers and funders. The designation will be recognised sector-wide in the asset finance profession and even allow brokers to engage more readily with other global markets.

“I think with the funders, accreditation is going to be a really interesting battleground, if you can call it that. I know that a few funders are really highlighting this because once brokers are accredited, the funders want to make sure that the applications they receive are able to be processed efficiently and effectively” CAFBA President and Atlas Broker Managing Director, Matt Atkin stated.

“They want to make sure that fraud is kept to a minimum and the best way to do that is by making sure that you’re only working with those who know what they’re doing. So, I think you’ll see a real focus on that in 2022 from the funders.”

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