Saturday, July 4, 2020

How to become a Mortgage Advisor

How to become a Mortgage Advisor You hate Mondays because you hate your job. You should be a Mortgage Advisor…Mortgage Advisors provide people with advice on which mortgage is right for them, to help them purchase property. You could be advising individuals or entire businesses and provide guidance on one provider, multiple providers or offer products from the market as a whole.Typical duties for a Mortgage Advisor include:Explaining the features and benefits of different types of mortgagesAnalysing the market, and weighing up each possibility to make sure the client receives the most appropriate and cost effective mortgage possibleDiscussing financial options with clients, and explaining how repayments workFilling out mortgage application forms on their behalfLiaising with lawyers, conveyancers and estate agents to tie up all loose endsIs it right for me?Confidence, determination and excellent listening skills are all extremely important for those looking to become a Mortgage Advisor. The ability to build a trust in your clients will be the key to being successful in this position, especially when helping with the decision making process.Excellent commercial awareness and a duty of care to provide your clients with the best possible advice are also essential.Other key skills include:Strong communication and organisational skillsExcellent attention to detailPersuasive negotiation skillsAbility to explain complex pieces of information easily and succinctly to clientsDrive and self-motivation (especially handy when it comes to OTEs)Career Progression? Junior Mortgage AdvisorUp to 16,000 Mortgage AdvisorUp to 35,000 Financial AdvisorUp to 50,000What's it really like? Becoming a Mortgage Advisor was the perfect career move for me. I get to help people find their dream home, and turn it into a reality. Although the hours can be long, and there can be a lot of paperwork, seeing the joy on the face of a first time buyer when everything is signed, sealed and delivered makes everything 100% worth i t. Get qualifiedIt is not a necessary requirement to have a degree to become a Mortgage Advisor. However, gaining an industry recognised qualification such as the CeMAP Paper 1,2 3 course,  as well as relevant work experience, can be the key to finding a perfect position.

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