Brokerversity proves its popularity for new and existing industry members

Broker business owners from around Australia have embraced LMG’s Brokerversity as both a recruitment tool and a vehicle to upskill their existing teams.

Brokerversity, LMG’s centralised digital learning and development platform, was designed as a pathway for the next generation of brokers, providing them with the necessary skills to manage the end-to-end loan process - necessary knowledge and skills that business owners demand. Qualified graduates have the opportunity to be placed within Loan Market and LMG Partner businesses that are looking to grow. Learn more about LMG’s service plans here.

But, since re-launching in December, it’s proved to be just as popular for existing industry specialists who want to upskill in the latest tools, practices, emerging trends and borrower expectations.

Taylor Giannis, Broker Education Sales Manager at LMG, helps stakeholders understand the unique opportunities that Brokerversity offers.

She said business owners were welcoming new graduates who had completed Brokerversity’s accredited courses, but were also keen for their existing staff to take advantage of its benefits as well.

“There is a massive demand for existing people in the industry to upskill themselves with the latest educational materials in Brokerversity,” said Ms Giannis.

“In particular, there is one large, established and successful brokerage within LMG that is putting its entire team through the Diploma offered on the platform.

“The fact that the content is engaging, practical rather than theoretical, and - most importantly - developed by brokers for brokers, makes it a really valuable investment.”

Fifty thousand learning modules have been completed on LMG’s digital education and training platform Brokerversity in a major milestone for the ‘virtual campus’ six months after its relaunch.

Just as many qualified brokers had completed a course on Brokerversity as a PAYG staff (Client Support Managers, credit analysts, receptionists etc).

Along with micro-courses in topics including cyber safety and marketing to keep the LMG network ahead of the industry, Brokerversity offers aggregator-first qualification offerings in the Certificate IV in Mortgage Broking and Diploma in Finance and Mortgage Broking Management.

LMG reimagined Brokerversity at the start of 2024 as an innovative and interactive digital platform that allows users to acquire vital skills at their own pace, attracting more than 1000 new users each month.

LMG’s National Director of Broker Education Louise Rainger said Brokerversity ‘goes beyond theory to explore real-world scenarios, and that’s what business owners have been asking for’.

“We’ve seen a high take-up of Brokerversity from accredited brokers,” said Ms Rainger.

“Existing brokers like Brokerversity because it’s a self-paced way to refresh their skills, complete courses on asset finance and commercial to diversify their service offering or maintain best practice compliance protocols.”

There are 66 different courses available on Brokerversity, comprising more than 480 lessons (modules).

Each course takes varying lengths of time to complete based on the depth of content. For instance, the course which teaches users how to master ApplyOnline or Self Managed Super Fund lending are two of the more intensive courses, while courses focusing on how to use time saving tools like SmartData are shorter.

“Creating functionality that allows users to learn and complete courses at their own pace has been very popular with users,” said Ms Rainger.

“If you only have a window of 15 or 20 minutes in your day, you can still find a lesson to complete which adds value to your brokerage.”

Brokerversity also allows users to track their CPD points within their accounts.