How to become a Mortgage Broker
A mortgage broker is a professional that acts between the lenders and the consumer who is seeking finance. The broker will have all the relevant industry information to provide the consumer with the latest, up to date processes that are involved in obtaining finance.
They assess and analyze their client’s financial position and matching it with available products in the market, the broker will try to find the lowest possible rates and other aspects that are in the best interest of their client.
Financial incentives are offered to Mortgage Agents from Financial institutions to attract business and this can be in the format of a once off fee or re-occurring payments.
Steps involved in becoming a mortgage broker
Step 1: Complete a Certificate IV.
Step 2: Obtain a finance diploma.
Step 3: Get your licence.
Step 4: Join an organisation and find an aggregator.
Step 5: Receive mentorship or join program
Skills & Attributes
· Determination and passionate about assisting people.
· Good mathematics acumen.
· Methodical and analytical
· Good communication and people skills.
· Firm negotiation skills.
· Problem solving skills.
The Sydney Institute of Interpreting and Translating offers Certificate IV in Finance and Mortgage Broking, along with The Diploma of Financial Planning. Both are educational qualifications required in becoming a mortgage broker. Contact us today for more information o 02 8007 6301
