|Job Title:||FT Mortgage Broker / Advisor, MortgagesLab|
As a member of MortgagesLab Team, you need to develop centers if influence and referral relationships.
You are responsible for developing relationships with realtors, accountants and financial planners.
You provide expert knowledge and advice on a wide range of mortgage products while focusing on the customerâ€™s priorities. You need to be confident, knowledgeable, results oriented and have peopleâ€™s skills.
Your goal is to become the most professional Mortgage broker you can be.
Contact realtors and other professionals and introduce yourself. Follow up with them on a consistent basis adding value. Provide mortgage solutions using a thorough knowledge base of the wide range of mortgage products available. Call customers in need of a mortgage to their office, home or other. Negotiate, structure and evaluate mortgage applications and provide advice with authority.
Submit to lenders requests for mortgage financing and maintain high-efficiency ratios.
Maintain knowledge of all applicable underwriting guidelines. Available to work extended hours and weekends.
Company Description - https://MortgagesLab.com
We are an independent Mortgage Brokerage focused on hiring and developing #1 Top Mortgage Advisors.
We are committed to following values: Integrity, Mutual Cooperation and Loyalty. We expect Trust among advisors, clients and partners. We strive for clarity and transparency in our business and with lender partners. We educate our clients with strategies to help them achieve their goals vs only discounting mortgage rates.
We work as a team and we are not suited for advisors that only want to take and not give to the group.
We are results oriented; we get results for clients, partners and customers.
Access to Lenders:
TD Canada Trust, Scotiabank, Coast Capital Savings, Westminster Savings Credit Union, B2B Bank, First National, CMLS, Envision CU, Aldergrove Credit Union, Equitable Bank, Manulife Financial, ICICI Bank, Street Capital, Optimum, Home Trust, Private Lenders among others.
Compensation: Commission Based. $100,000 to $250,000 income range.
Training Provided in Residential Mortgages and Commercial Financing. Mentorship opportunities available.
Job Type: Full-time
Job Location: Greater Vancouver Area, BC
Required experience: Sub Mortgage Broker, Mortgage Specialist, Residential or Commercial Mortgage sales & underwriting
Other Languages are an asset: Spanish, Dutch, German, French, Mandarin, Cantonese, Punjabi, Italian, Portuguese
Required license or certification: Sub Mortgage Broker License
Work / Life Balance: Flexible hours and ability to work from Home office
Your Career as a Mortgage Broker
To become registered as a mortgage broker, interested individuals must meet prescribed educational requirements. The Sauder School of Business Real Estate Division at the University of British Columbia provides a course offered through distance learning. For more information, please call 604-822-8444 or visit www.realestate.ubc.ca for the Mortgage Brokerage Licensing Program details.
The CMBA-BC also offers a practical course – the Canadian Mortgage Brokers Course – which provides participants with information currently not part of the UBC mortgage brokers’ course curriculum. This course is not mandatory. It is designed for new or soon-to-be mortgage brokers and will also be very helpful for people in related industries. It provides a clear picture of the processes involved in seeking and obtaining approval of mortgage financing. Please visit our Events Centre for more information on the CMBA-BC course.
Applicants must either complete or challenge the UBC course and then must register with the Financial Institutions Commission (FICOM). FICOM is the government body that regulates mortgage brokers and can be reached at 604-660-3555.
Frequently Asked Questions
Yes, you must register and obtain a license from FICOM prior to working as a mortgage broker. It is an offence to carry on the business of a mortgage broker in British Columbia without proper registration and licensing. Please refer to paragraphs above for details on educational requirements.
Mortgage Brokers are compensated on a commission basis so incomes vary widely from one individual to another. A successful mortgage broker will earn an income similar to other successful sales professionals.
While there is no regulation prohibiting this, most companies do not hire part time brokers. It is a challenging career that requires a high level of effort, knowledge and attention to detail. Most employers find that part time brokers are not able to devote the time and energy required to properly serve their clients’ needs in a professional manner.
Many different personalities can be successful but there some common skills and traits that most brokers have. Mortgage Brokers must be fluent in reading, writing and conversing in English. They require knowledge of mathematics to at least the high school level. Integrity is crucial when dealing with clients, financial institutions and other professionals in the real estate industry. Strong interpersonal and stress management skills help brokers deal with clients who are looking for calm guidance and timely answers about an important financial transaction.
A mortgage broker is generally a sales position and requires prospecting for clients. Most new mortgage brokers spend a great deal of time early in their career building a referral network of realtors, accountants, lawyers and other professionals who trust and refer clients to the broker. Over time successful brokers also build a large base of satisfied clients who refer friends and associates to the mortgage broker based on their own positive experience. Some mortgage brokers find advertising successful and some employers provide leads to new brokers.
The provincial regulator requires course completion through the Sauder School of Business. This course can be taken over the period of one year, with written exams at completion. Once you have passed your exams, you will need to find an employer, preferably with an CMBA-BC corporate member. (All graduates are required to work for an existing designated company for a minimum of two (2) years before independent office opportunities.) Once employed, you must submit your registration to FICOM for your license. Then it is time to Become A Member of CMBA-BC and start attending our educational and networking events. Let us help you launch your career!