Hi All,
A good friend of mine is thinking about packing in his job at one of the big four and setting up his own independent mortgage brokerage.
As a friend who just happens to work in property and also be an investor (presumably his ideal client) he asked me the question, what do I think makes a good mortgage broker? Which got me thinking.
Clearly mortgage brokers along with other financial service providers are an integral cog in the make up of anyone with the goal of wealth creation, so what are some of the skills that fellow investors here and even the brokers here think are the key to success?
I think its great that he's actively looking to understand his market so thought I would help or at least get a small sample of opinions.
Thanks in advance.
Noodle
P.s. On a side note, we were discussing broker conversion rate of pre approvals turning into actual purchases. He reckons within his own private wealth division his conversion is around 75% which I thought was surprisingly high. Is he kidding himself to think this would translate to the real world? Or am I just being a cynic?
A good friend of mine is thinking about packing in his job at one of the big four and setting up his own independent mortgage brokerage.
As a friend who just happens to work in property and also be an investor (presumably his ideal client) he asked me the question, what do I think makes a good mortgage broker? Which got me thinking.
Clearly mortgage brokers along with other financial service providers are an integral cog in the make up of anyone with the goal of wealth creation, so what are some of the skills that fellow investors here and even the brokers here think are the key to success?
I think its great that he's actively looking to understand his market so thought I would help or at least get a small sample of opinions.
Thanks in advance.
Noodle
P.s. On a side note, we were discussing broker conversion rate of pre approvals turning into actual purchases. He reckons within his own private wealth division his conversion is around 75% which I thought was surprisingly high. Is he kidding himself to think this would translate to the real world? Or am I just being a cynic?