The real cost of non-compliance (and why compliance-by-design works)

Investigation volumes are at record highs. Lenders are suspending accreditations fast, and the fraud behind it is getting harder to spot.

In this episode of Broker Bulletin, LMG Chief Risk Officer Luke Jarmaine sits down with Mel Cooney, LMG's Manager of Broker Compliance Consulting, to break down what's really driving the current wave of investigations and how brokers can protect themselves without adding hours to their week.

In this episode, you'll hear:


Why "the lender didn't ask for it" won't protect your accreditation


How AI-driven fraud is slipping past brokers, and how lenders are catching it


Why compliance by design means MyCRM does the heavy lifting for you

 Like this episode?

Leave a review! Don't miss an episode: Subscribe to the Broker Bulletin podcast channel on your favourite streaming service.

Got questions, ideas, or a guest suggestion? Drop us a line at podcast@lmg.broker.

You can also connect with us on Instagram @lmg.broker and on LinkedIn.

Want to know more about LMG?

Show notes timestamps:

00:27 Introducing Luke Jarmaine and Mel Cooney
03:01 The current regulatory environment and why investigation volumes are at record highs
04:24 Busting the biggest compliance myths brokers still believe
06:06 The credit guide gap catching brokers out
09:09 How AI-driven digital fraud is fooling even experienced brokers
12:55 Why referral arrangements need the same due diligence as everything else
16:38 Compliance by design: how MyCRM builds obligations into the natural loan journey
19:40 What's next for MyCRM, including My Documents

The real cost of non-compliance (and why compliance-by-design works)
Investigation volumes are at record highs. Lenders are suspending accreditations fast, and the fraud behind it is getting harder to spot.
In this episode of Broker Bulletin, LMG Chief Risk Officer Luke Jarmaine sits down with Mel Cooney, LMG's Manager of Broker Compliance Consulting, to break down what's really driving the current wave of investigations and how brokers can protect themselves without adding hours to their week.
In this episode, you'll hear:
<ul>
<li dir="ltr">
Why "the lender didn't ask for it" won't protect your accreditation
</li>
<li dir="ltr">
How AI-driven fraud is slipping past brokers, and how lenders are catching it
</li>
<li dir="ltr">
Why compliance by design means MyCRM does the heavy lifting for you
</li>
</ul>
&nbsp;Like this episode?
Leave a review! Don't miss an episode: Subscribe to the Broker Bulletin podcast channel on your favourite streaming service.
Got questions, ideas, or a guest suggestion? Drop us a line at podcast@lmg.broker.
You can also connect with us on Instagram @lmg.broker and on LinkedIn.
Want to know more about&nbsp;<a href="https://lmg.broker/" data-saferedirecturl="https://www.google.com/url?q=https://lmg.broker/&amp;source=gmail&amp;ust=1786151315713000&amp;usg=AOvVaw3mtanpZpWuhWxXsZB6v7-e">LMG?</a>
Show notes timestamps:
00:27 Introducing Luke Jarmaine and Mel Cooney 03:01 The current regulatory environment and why investigation volumes are at record highs 04:24 Busting the biggest compliance myths brokers still believe 06:06 The credit guide gap catching brokers out 09:09 How AI-driven digital fraud is fooling even experienced brokers 12:55 Why referral arrangements need the same due diligence as everything else 16:38 Compliance by design: how MyCRM builds obligations into the natural loan journey 19:40 What's next for MyCRM, including My Documents

Broker Bulletin is your go-to podcast for tips, stories, and insights straight from the heart of Australia’s broking industry. It’s all about keeping you ahead of the game in a market that’s always on the move.

Each week, we chat with guest brokers, industry leaders, and area experts who tackle the big challenges facing broking and share some of the real opportunities on offer. From celebrating wins to dishing out practical advice, each episode will give you the guidance you need to make the most of your broking journey.

Whether you’re on the road, at the gym, or taking some time out from a busy day, Broker Bulletin is here to keep you inspired, informed, and ready to take your business to the next level, no matter what stage of your career you are in.

So, hit subscribe, join the conversation, and connect with our growing broker community.

Broker Bulletin is your go-to podcast for tips, stories, and insights straight from the heart of Australia&rsquo;s broking industry. It&rsquo;s all about keeping you ahead of the game in a market that&rsquo;s always on the move.
Each week, we chat with guest brokers, industry leaders, and area experts who tackle the big challenges facing broking and share some of the real opportunities on offer. From celebrating wins to dishing out practical advice, each episode will give you the guidance you need to make the most of your broking journey.
Whether you&rsquo;re on the road, at the gym, or taking some time out from a busy day, Broker Bulletin is here to keep you inspired, informed, and ready to take your business to the next level, no matter what stage of your career you are in.
So, hit subscribe, join the conversation, and connect with our growing broker community.