Mortgage Brokers/Specialists educate home buyers on available mortgage plans, find the best mortgage terms and rates and help borrowers make responsible financial decisions.
Mortgage Broker/Specialist Job Description
- Work with various lenders to find the best deal for a homebuyer.
- Devise loans tailored to your client's needs to sell to lending institutions.
- Act as an intermediary between a lender and a borrower who needs a mortgage loan, by guiding and informing clients of the processes and expectations.
- Evaluate pay slips, credit history, tax information and bank statements to assess a client's financial health and borrowing capacity.
- Guide clients through the loan application process, ensuring they understand the documents and information required.
- Ensure compliance with banking and finance laws in the jurisdiction of the consumer, safeguarding both the business and the client.
Note
This is a rewarding career to have if you can manage tasks and develop a positive reputation.
What you should know about Mortgage Broker/Specialist jobs in Singapore
Nature of Work
Multitasking is important as Mortgage Broker/Specialists as you will have to deal with about 10 to 20 lending individuals and institutions at any given time.Key Advice
You must be able to assess client profiles and pinpoint strengths and weaknesses to adjust loan packages that best fit their situation and budgets.-
Entry RequirementsEntry Requirements
- To become a Mortgage Broker/Specialist in Singapore, courses are available to lay the foundations of Mortgage Brokering for interested individuals.
- Ethical conduct and compliance with regulatory standards, with a commitment to upholding integrity and transparency in all mortgage transactions.
- Prior experience in the Financial Services industry, particularly in Mortgage Lending, Banking, or Real Estate Finance.
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Possible PathwayPossible Pathway
Skills you need to pursue a Mortgage Broker/Specialist career in Singapore
Hard Skills
Knowledge in Sales and Marketing
Solid understanding of sales strategies and market analysis for effective client engagement.Microsoft Office
Proficient in the use of MS Office applications for documentation, analysis, and presentations.Intermediate Knowledge of Mathematics
Ability to apply Mathematical concepts for financial analyses and interest calculations.
Soft Skills
Communication
Excellent in conveying complex information clearly to negotiate terms.Attention-to-Detail
Ability to ensure precision with the data in all transactions and documentation.Organisational Skills
Adept at managing different tasks, adhering to deadlines and updating client portfolios.Related Job Roles
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