A former Aussie Home Loan mortgage broker has admitted to 18 charges relating to a commission for loan scam for people struggling to get bank approval.

Madhvan Nair, from Sydney, orchestrated for 18 home loan applications to be supported by false borrower employment documents for $5.6 million.

'Market has lost its energy': Sydney enters spring with a whimper Credit:Erin Jonasson

However only 12 applications for mortgages totalling $3.7 million were accepted by the banks – Westpac, NAB and ANZ.

Mr Nair received commissions in total of $10,083.49 for his role in the scam.