This is my very first post, so if my thread isn't relevant please move it to somewhere relevant.
Last week I had contacted Aussie Home Loan for the position of Mortgage Broker and they had invited me to join their information night. Before I ask any questions here's a list of my background.
- graduated with an economics degree (with lots of finance courses)
- started a small MMO game where I had advertise a-bit until I had to close it due to my study load a few months later
- bilingual (knows more than one language)
So heres are the questions for current mortgage brokers (preferably the one who works with Aussie)
>what is the commission structure? is it similar to the one i had linked below?
http://edge.alluremedia.com.au/uploads/businessinsider/2014/08/mortgage-choice-banks.png
>will I had to pay to be a mortgage broker even if I work with a company (aussie)
> will there be any constant leads (works with Aussie) or cold-calling just like an average sales job
> do you need to use lots of financial calculations to conduct a search for the best loans to the client?
> how long did you spend on paperwork per client (just an average figure please i know it depends on different situations)
I actually starts to become interested at being a Mortgage broker because of its potential due to the inherent supply problem of the property market as well as population growth. Along with factors such as low interest rates and the continuation of negative gearing which creates a demand of property brokers from an increase of loans (since they deal with 50% of loans).
Oh and lastly some banks starts to raise commissions to brokers which further strengthens my theory that the industry had more potential.
I don't want to sound like an unemployed graduate who wants to get a quick buck but i can see the potential to use what i had learn and actually earning an income via current market trends and hard work.
Last week I had contacted Aussie Home Loan for the position of Mortgage Broker and they had invited me to join their information night. Before I ask any questions here's a list of my background.
- graduated with an economics degree (with lots of finance courses)
- started a small MMO game where I had advertise a-bit until I had to close it due to my study load a few months later
- bilingual (knows more than one language)
So heres are the questions for current mortgage brokers (preferably the one who works with Aussie)
>what is the commission structure? is it similar to the one i had linked below?
http://edge.alluremedia.com.au/uploads/businessinsider/2014/08/mortgage-choice-banks.png
>will I had to pay to be a mortgage broker even if I work with a company (aussie)
> will there be any constant leads (works with Aussie) or cold-calling just like an average sales job
> do you need to use lots of financial calculations to conduct a search for the best loans to the client?
> how long did you spend on paperwork per client (just an average figure please i know it depends on different situations)
I actually starts to become interested at being a Mortgage broker because of its potential due to the inherent supply problem of the property market as well as population growth. Along with factors such as low interest rates and the continuation of negative gearing which creates a demand of property brokers from an increase of loans (since they deal with 50% of loans).
Oh and lastly some banks starts to raise commissions to brokers which further strengthens my theory that the industry had more potential.
I don't want to sound like an unemployed graduate who wants to get a quick buck but i can see the potential to use what i had learn and actually earning an income via current market trends and hard work.