The fast-track programme will allow recruits to become fully qualified mortgage brokers within four to six weeks of starting the course after which they will be offered a job with Mortgage Options.
Martin Wade, director at Mortgage Options, explained that although the academy had been designed as a fast-track programme, it would also benefit those unable to commit to full-time study.
He commented: “Our trainees will be paying for private tuition and as such a ‘one-size does not fit all’ approach will be adopted. As some of our recruits may have financial or family commitments, it is important to adopt a flexible plan of study that allows for some recruits to maintain their existing jobs while they train.”
Mortgage Options confirmed it expected a pass rate of over 50 per cent, and said it would offer a job to every candidate who passed its exams. The academy will run programmes of study every other month, with class sizes of six to 12 people in each programme.
Wade added: “The idea behind the academy is to organically grow the business. Without doubt there is a shortage of quality brokers but we believe that if people are prepared to embark on a career change, they will not do it lightly and as such should become a dedicated and long-term employee.”
Payam Azadi, head of marketing at The Mortgage Times Group, said: “We launched an academy because of the lack of fresh blood entering the market. There are plenty of training schools out there, but we particularly welcome other academies who offer the goal of a job at the end. Anyone looking at this strategy is thinking ahead.”
