mortgage broker.

Some of the tasks of a mortgage broker include:

• meeting with lenders or borrowers: as a mortgage broker, you establish professional relationships with lenders. You meet with loan officers in financial institutions to get updated information on the latest interest rates and changes to terms and conditions. You also develop relationships with borrowers over the phone or by meeting in person. When meeting borrowers for the first time, it is important to explain the type of broker you are.
• explaining mortgage options to clients: as a mortgage broker, you provide advice on financing options by assessing the client's financial situation and making a recommendation. Providing objective advice on what the client can or cannot afford is crucial.
• gathering necessary documents for the mortgage application: you assist the borrower in securing the financing they require by helping them with the application process. The borrower should provide their credit history documents, employment verification and bank statements to commence the application process.
• comparing lender fees: most borrowers don't understand lenders' mortgage fees. It is your job to explain lender fees and ensure the borrower doesn't incur hidden charges. If the client hasn't settled on a lender, you assist them in comparing mortgage interest rates and costs to help them decide.
• providing general advice on home buying: as a mortgage broker, you help your clients with the buying process. For instance, you complete the closing paperwork with the lender and liaise with the estate agent and title owner to complete the purchase process.

As a mortgage broker, you work in a fast-paced office environment in a bank, insurance company or building society. While most brokers work in an office setting, some also work in a remote location since they can explain the mortgage application process via phone calls. Mortgage brokers rarely travel unless they are meeting clients outside the office.

Depending on your employer, your colleagues might include lending managers, finance brokers and lending specialists. You might also be working in close proximity to loan officers and banking managers, as well as other specialists that could include, but not be limited to, accountants, financial planners, conveyancing clerks, claims officers and lending officers.

Mortgage brokers' work schedules are typically irregular, but some work traditional office hours. As a mortgage broker, you work up to 38 hours weekly in a full-time position. Some mortgage brokers also work nights and weekends to meet clients or lenders. When a client has a timeline for acquiring financing, you work extra hours to speed up the mortgage approval process.

As a mortgage broker, you assist various clients in securing their investments. Hence, it is important to stay updated on the trends in the property and finance industries to provide the best advice. Mortgage brokers progress to managerial roles or become consultants in the industry after years of experience. As a mortgage broker, you may become a bank's financial adviser or credit manager. Some mortgage brokers become self-employed after gaining extensive experience in the field.

Finding your mortgage broker job through Randstad provides important advantages such as:

• a wide variety of training and development opportunities
• an experienced contact person to provide help if needed
• a range of opportunities in your area
• get paid weekly or monthly, depending on the job
• temporary and permanent contracts

Want a permanent contract? A temporary job as a mortgage broker is often a stepping stone to an attractive permanent job. Every year, thousands of people earn a permanent contract with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad too.

As a mortgage broker, you are a licensed financial adviser. Your job is to act as an intermediary between homebuyers and lenders or banks. You determine the borrowing capacity of your clients and analyse their financial situation. You also help them look for a suitable home loan and assist with the application process.

You require educational qualifications to work as a mortgage broker. Complete a Certificate IV or a diploma in finance and mortgage broking management. You also require a license and work experience to practice as a mortgage broker in Australia.

As a mortgage broker, your job involves liaising with clients and negotiating loan offers. Hence, you require good negotiation and communication skills. Negotiation skills help you secure the best deals for your clients. Communication skills help you communicate financial terms in simple language that the clients can understand.

Mortgage brokers in Australia earn a salary and commission for successfully closing deals. The average salary is $73,000 annually, but entry-level workers start at $65,000 yearly. Experienced mortgage brokers can earn over $80,000 per year. The remuneration package depends on your educational qualifications, location and competencies.

Applying for a mortgage broker job is easy: create a Randstad profile and search our mortgage broker job offers. Then simply send us your CV and cover letter. Need help with your application? Check out all our job search tips here.