LMG levels up Brokerversity with industry-first CPD compliance tracking

Available to LMG, Loan Market brokers and their teams, as well as the wider industry, Brokerversity’s latest feature simplifies CPD management by allowing users to track their CPD points directly on the platform.

Now, all users can automatically log points for any courses completed within Brokerversity and manually add points earned from industry events or additional courses. For LMG brokers, this functionality goes even further, providing the tools to ensure they stay on top of all regulatory compliance requirements.

The easy-to-use tool will keep brokers on track as they attain their required 30 CPD points per year, giving them a real-time view of how many points they need to remain up-to-date with their licensing authority. 

Since Brokerversity was relaunched in December 2023, LMG’s centralised digital learning and development platform has provided more than 7,500 members across Australia with an ‘anytime, anywhere’ comprehensive learning environment. 

While the ‘virtual campus’ was first devised as a pathway for the next generation of brokers, providing them with skills to manage the end-to-end loan process, it is also enabling industry specialists to maintain their edge, providing the opportunity to upskill in the latest tools, trends and practices across more than 500 lessons. 

And now, the new CPD feature takes educational empowerment to another level.  

LMG’s National Director of Broker Education Louise Rainger, said the latest update means “brokers can say goodbye to dreaded spreadsheets.”

“The days of needing to track compliance via finicky spreadsheets are over. Now, it’s as simple as compiling all your CPD points in one place, before printing it out and sending it off to your relevant licensing body.

“We were looking for the best place to house a CPD tracker, and Brokerversity 100 per cent fits the bill, due to its industry-facing interface and learning environment.

“We don’t want anyone to get left behind when it comes to staying up-to-date with best practice. This will ensure no broker is caught in the cracks of what can be a business compliance and governance minefield.”

As part of the changes, LMG brokers will be expected to use the platform to track their CPD points, as the business looks to exceed its regulation and compliance obligations above their baseline reporting requirements. 

Rainger said it’s in response to reduced CPD tracking by industry bodies. 

“One of our promises to our brokers is ‘keep you safe’ and with risk and cybersecurity both emerging as greater threats to our business owners, we want to be able to ascertain that our brokers are staying up-to-date and informed on topics that are crucial to their continued success.”

Rainger also hinted that further updates to the CPD tracking function will be rolled out over the coming months to improve broker compliance.