mortgage advisor.

Some of the tasks of a mortgage advisor include:

• analysing the client's financial requirements: as a mortgage advisor, you analyse your client's financial situation to understand their requirements. This includes checking their savings and determining their ability to pay back loans. Whether the client is seeking their first loan or looking to refinance, you review their finances and credit files. Additionally, you compile the necessary financial statements and credit history required for home loan applications.
• comparing mortgage products: as a mortgage advisor, you research the lending and property markets to find suitable options for your clients. You identify a competitive lending institution by reviewing the loan terms and interest rates. You also compare the loan offers and determine if they match your client’s financial status.
• advising on the property market and home buying process: after reviewing financing options, you explain the property market and mortgage options. You provide a range of mortgage products and allow clients to choose a financing option.
• guiding clients through the loan application process: as a mortgage advisor, you explain to your clients the loan process. You ensure they have the necessary documentation and help them with the application process. You can also apply for mortgage loans on your client's behalf.
• assisting clients in restructuring loans: as a mortgage advisor, you assist clients with restructuring mortgage loans when they fall behind in payments. You provide funding options and calculate repayment schedules.

As a mortgage advisor, your job involves collaborating with financial institutions and lending providers. You should be comfortable working on a computer for extended periods since you'll spend most of your time researching and keeping up with the latest mortgage and interest rate trends. Your work also entails communicating with clients via phone and email, as well as travelling to meet them in person for initial consultations. While mortgage advisors can work nationwide, most operate in metropolitan areas where financial institutions and mortgage providers are located.

Depending on your employer and the industry you work in, your colleagues might include mortgage brokers, accountants, credit analysts and consultants. You might also be working in close proximity to banking managers and lending managers, as well as other specialists that could include, but not be limited to, property consultants, financial accountants, financial planners, financial advisors and lawyers.

As a mortgage advisor, you will work full-time during typical office hours, which means you will work for 35 to 40 hours per week. Although most of your responsibilities will be fulfilled during regular office hours, you may need to work during evenings and weekends to accommodate your clients' schedules. Additionally, part-time, work-from-home, and remote opportunities are also available.

By becoming a mortgage advisor, you can explore a range of career opportunities. This profession often leads to leadership roles in lending and financial institutions. Your expertise in mortgages can also benefit you in pursuing roles as a property consultant or financial consultant within the property market.

Finding your mortgage advisor job through Randstad provides important advantages such as:

• a wide variety of training and development opportunities
• an experienced contact person to provide help if needed
• a range of opportunities in your area
• get paid weekly or monthly, depending on the job
• temporary and permanent contracts

Want a permanent contract? A temporary job as a mortgage advisor is often a stepping stone to an attractive permanent job. Thousands of people earn a permanent contract every year with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad too.

As a mortgage advisor, you help your clients choose a mortgage provider and assist them with the application process. You assist clients with completing the paperwork required for the mortgage to speed up the acquisition process. As a mortgage advisor, you act in the client's best interest by finding mortgages with favourable interest rates. You analyse a client’s finances and determine the amount they can borrow without affecting their financial stability.

As a mortgage advisor, you are a licensed financial adviser acting as a link between the lender and the borrower. Your average remuneration package is $75,000 per year. When you are new in the role, your earnings start at 65,000 annually and increase as your skills improve. Experienced mortgage advisors earn $85,000 yearly. The remuneration package depends on your experience, and some companies also pay commissions.

As a mortgage advisor, your job involves interacting with people. You require people skills and communication abilities to explain financial concepts to people. Your attentiveness to details also helps you keep track of the mortgage terms and rates during loan negotiation.

You require Certificate IV qualification in mortgage broking to get a licence to work as a mortgage advisor. You also need experience working under a practising mortgage advisor for two years.

The terms mortgage advisor and mortgage broker are used interchangeably. They perform the same roles of helping clients with accessing mortgage facilities.

Applying for a mortgage advisor job is easy: create a Randstad profile and search our job offers for vacancies in your area. Then send us your CV and cover letter. Need help with your application? Check out all our job search tips here.