|Job Title:||Nation Capital Corp. Dealing Representative|
Are you looking for a new opportunity to grow your business? Ready to expand your career as a Dealing representative in the mortgage investment industry?
Nation Capital Corp.â€™s management team is seeking a dedicated, enthusiastic, and ethical Exempt Market Dealing Representative to help generate and establish new investors for our trusting community. Our objective is to preserve investor capital by mitigating mortgage risks using our industry knowledge and stringent underwriting processes.
Our management team possesses over 40 years of combined experience in the mortgage investment and mortgage lending industry. We value integrity, dependability, and transparency which is backed by our family-like culture that embraces teamwork and entrepreneurship. We are looking for motivated team members with an entrepreneurial spirit and who conduct themselves with the highest level of professionalism. As part of our growing team, your role will be to bring on new investors, nurture relationships, and develop potential leads into long-lasting shareholders. This role will require you to adhere to background checks, compliance, and regulations set out by BCSC.
â€¢ Completion of Canadian Securities Course (CSC) or Exempt Market Proficiency Course.
â€¢ Financial literacy and understanding of the real estate industry
â€¢ The ability to fluently speak additional languages is also an asset (i.e. Farsi, Mandarin, Farsi, Hindi, Punjabi, Japanese, Koreanâ€¦)
We compensate based on commission and offer additional performance bonuses for exceeding sales. This role allows for significant flexibility and growth as your network and performance progress.
If you are interested in this role, please feel free to connect with Bruce Kahkesh at Bkahkesh@nationcapital.ca or 604-889-4349.
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!