Best interest duty (BID) reforms, which comes into effect on 1 January 2021 will require mortgage brokers to improve on how they gather and document information when providing credit assistance. ASIC has made it clear that a large part of adhering with BID is in keeping detailed note records. Record Keeping As a mortgage broker, […]
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There is no denying that mortgage brokers make the loan origination process appear so simple and easy for the client. When in reality there is a lot happening behind the scenes. The best interests duty legislation (BID), which will come into effect on the 1 January 2021 will bring this work into light. Currently mortgage […]
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As a mortgage broker, high-risk clients are those who don’t fit the criteria a traditional lender requires of its borrowers. They may have a poor credit history or be otherwise unable to prove that they are the type of borrower a lender can trust not to default on repayments. For these types of clients, solutions […]
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The money that a mortgage broker makes is dependent almost entirely on their productivity. The number of loans you settle determines how much you get paid, so the more loans you can settle in a month, a day, a year, the greater your paycheck is going to be. With that in mind, here are three […]
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If there’s one thing that continually robs business owners of success, it’s inefficiency. You can work as hard as you want, but if your efforts are being channelled into inefficient processes, they are bound to be less productive than they otherwise would be. As business owners themselves, mortgage brokers face this same problem. Here are […]
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The greatest challenge for many entrepreneurs is obtaining their first paying clients. There are as many ways of doing this as there are different businesses out there, but which is right for you? While there is no shortage of business bloggers out there offering networking tips, many of these don’t necessarily gel with the work […]
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How do you measure success in a mortgage broker career? Is it in your paycheck? Or is success measured by the depth of your lender panel or the number of clients you work with? Do you simply know you’ve succeeded when you help a client sign on the dotted line? Professional mortgage brokers enjoy a […]
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If you’ve decided be a mortgage broker, you already know the benefits of what we do. Mortgage brokers help buyers make their home ownership dreams a reality. We save our customers time and ensure they get the best mortgage deal. Prospective clients, however, might not be as clued in. There’s so much misleading information out there from […]
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If you’re getting mortgage broker training or about to make the leap yourself, it’s always good to be aware of movements in both the housing and finance markets. The demand for different products increase and wane based on a variety of different factors. Let’s take a look at how each type of residential financing is […]
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If you’re getting mortgage broker training or about to make the leap yourself, it’s always good to be aware of movements in both the housing and finance markets. The demand for different products increase and wane based on a variety of different factors. Let’s take a look at how each type of residential financing is […]
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