What is an aggregator in mortgage broking?

Aggregators in the mortgage broker sector essentially serve as a funnel for leads, allowing brokers to decrease their risk exposure with secured investments. Additionally, aggregators offer a variety of business resources and marketing materials to help mortgage brokers succeed. But what does that actually mean in practise? Volume is the name of the game for […]

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3 steps to becoming a mortgage broker

If you’re contemplating starting a career as a real estate mortgage broker, or you’ve already made the decision, you’re on the right path to job satisfaction. Unlike becoming a doctor or a lawyer, mortgage brokering requires less training and licensing, as per the ASIC. However, since mortgage brokers are licensed financial professionals, this is still a […]

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What’s the average salary for an Australian mortgage broker?

The average annual up-front and trail remuneration of a mortgage broker reached $133,365 for the period spanning April 2018 through September 2018, according to the Mortgage & Finance Association of Australia’s 7th Edition of Industry Intelligence Service. This represents a 0.43% increase over the previous six-month reporting period, and the average has remained relatively consistent […]

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Can mortgage brokers leverage artificial intelligence and automation?

Mortgage brokers can leverage artificial intelligence and automation to help them understand more about their business potential and improve their service. Whether it’s dashboard business data providing insight or chatbots keeping customers happy – understanding the place of artificial intelligence in your broker business puts you ahead of your competitors. Why use artificial intelligence in […]

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7 transferable skills that can help start a mortgage broker career

As a mortgage broker, your day is a mixed bag of client meetings, financial recordkeeping, industry training and marketing activities. Managing such varied responsibilities requires a number of transferable skills. However, no matter what your career background, it’s likely you’ve already got some of the expertise you need to get started. Transferable skills for a […]

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3 questions to ask before you buy into a mortgage broker franchise

Buying into a mortgage broker franchise is a great option for anyone wanting to start their own business, but with limited investment power or a lack of experience. A franchise owner will know how to get new finance brokers started quickly, and will usually offer training, software, and marketing support as part of the package. […]

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How a mortgage broking career can help you get back into the workforce

It’s not always easy to slot straight back into your old job when you’ve got different priorities at home. Mortgage broking is a great option for Mums returning to the workforce because you can fit the hours you work around your family. In fact, ‘family reasons’ are the second-most cited cause of women leaving their […]

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Thinking ‘outside the box’ as a mortgage broker

Thinking outside the box in the broker industry means getting creative with your approach to business. Whether it be finding personalised solutions for customers, reaching different clients with new marketing platforms or coming up with new ways to expand your industry knowledge – you must think beyond your standard way of doing things. How to […]

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How to set long-term goals for your mortgage broker business

Setting long-term goals for your broker business starts with knowing what you want to achieve. Your goals must be aligned with the hours you can commit to growing your business, and the resources at your disposal. Determining your long-term broker goals Remember that you need to be dedicated to your goals over a sustained period of time, […]

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