Mortgage brokering in Australia involves acting as an intermediary between home buyers and lenders to help clients secure home loans. Mortgage brokers assess the financial situation of borrowers, compare loan products from various banks and lenders, and guide clients through the application process. They provide tailored advice, often leveraging their knowledge of the mortgage market to find competitive interest rates and loan features. Australian mortgage brokers must be licensed and regulated by ASIC (Australian Securities and Investments Commission), ensuring that they adhere to responsible lending practices. Their services are usually free to borrowers, as brokers receive commissions from lenders.