CAREERS

Job Title: DLC Origin | The Mortgage Hub Mortgage Associate
Start Posting: 2020-04-15
End Posting: 2020-07-31
Description:
MORTGAGE ASSOCIATE

We have a fantastic opportunity for a Mortgage Associate to join our leading Mortgage Brokerage in Vancouver.

We are currently seeking a dynamic individual for the role of Mortgage Associate to provide reliable, timely, efficient financing solutions to our borrowers. The full-time position entails working with a diverse group of lenders and borrowers at all levels. The individual will require independent judgment to plan, prioritize, and organize a diverse workload. This role provides a wide variety of support services to the key Mortgage Broker. The successful candidate will be detail oriented with strong organizational skills and be a team player. Mandarin and/or Cantonese language skill is an asset.

RESPONSIBILITIES

Depending on your experience and knowledge, your core responsibilities will be but not limited to:

· Identifying mortgage leads, communicating the company’s services to prospective clients, and maintaining a good working relationship with existing and new contacts
· Communicating with borrowers and lenders throughout the mortgage cycle
· Overseeing the development of marketing literature based on the current mortgage landscape and lending guidelines
· Analyzing business opportunities and creating plans to maintain continuity, growth and execution of mortgage objectives
· Contributing to ongoing professional business development activities
· Providing a professional level of mortgage advisory and transactional services to clients
· Liaising regularly with industry professionals including developers, realtors, appraisers, lenders, and brokers
· Coordinating and managing daily, weekly and quarterly tasks

WHAT YOU BRING TO THE TABLE

· 1 – 3 years of mortgage experience as an Associate, Underwriter, or Broker preferred
· Sub-Mortgage Broker License required/or successful candidate must pass mortgage broker exam and become licensed within 3 months of employment if not currently licensed
· Proficiency with MS Office applications (Office 365), and relevant industry technologies (Velocity, Filogix, Finmo, etc.)
· Ability to produce results independently while maintaining a positive team environment
· Amazing attention to detail with an ability to thrive in a fast-paced environment
· Proven time-management skills while working under pressure
· Good verbal and written communication skills: proficiency in verbal and written Chinese an asset
· Positive and professional attitude and demonstrating professionalism at all times
· Proactive and takes initiative

COMPENSATION

· Exceedingly competitive compensation package in the industry based on the individual and company performance.

CONTACT

· Scott Gingles
Mortgage Professional/Owner DLC Origin | The Mortgage Hub
P: (604) 999-2864 |scott@themortgagehub.ca

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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.

Important actions for new Mortgage Brokers

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!