What do finance and helping have in common? A career as a mortgage broker. Being a mortgage broker gives one the freedom to choose it as a career even when one already has a career in another field and that’s not the only advantage of it. A mortgage broker has a rather crucial role in helping out both the borrower and the mortgage lender, acting as the liaison.
This is a noble job in itself as you get to help people out with financing, considering even though we live in an era of having information at our fingertips most of us still don’t have the information regarding finances nor how to manage money, and you can enlighten them and help get them into their dream homes when you become a mortgage broker. You needn’t worry about the industry itself, as it’s growing and expected to further grow by 2024 for 8%, and considering there are no territory restrictions, you can expand and operate wherever you desire.
Great news is, in case you already have a brand you’re proud of, you can operate under it as a broker and add a new dimension to it. In other words, you can work independently and spread the word of your professional qualities by your genuine interest in connecting with existing and potential clients. As soon as you become a mortgage broker and you establish yourself as such, you can be your own boss who tailors the work hours however it suits you.
Your work hours are flexible, and don’t require you to be stuck in an office day in and day out since yo have the possibility to be in touch with clients through the phone and internet. Being in this professional field makes you maintain the perfect balance of work and personal life. Moreover, you work on yourself by maintaining proper work ethics, staying true to yourself and your clients and following up a discipline, which then enables you to establish a bigger client base as you get known for your reputation as a reliable mortgage broker who helps people in their home purchase.
You can work on further developing yourself in the business by not just making money when using the age-old technique of charging loan origination and broker fees, but by utilising lender credit as well, raising the borrower’s interest rate. Some of the other benefits include access to more than 40 lenders, hassle-free compliance systems, and uncapped potential earnings.
With the help of a reliable company and professionals who can give you the proper training you can get to see how becoming a mortgage broker can benefit your career, and have the induction process started by signing the Member Broker Agreement, getting the help with arranging indemnity insurance, and memberships with the Finance Brokers Association of Australia (FBAA) and the Financial Ombudsman Services (FOS). Investing in this purposeful career is sure to be all your time and money’s worth.