Career opportunity - Trainee Mortgage Broker
POSITION DESCRIPTION
The Chocolate Money Trainee Mortgage Broking course is designed to provide eager, enthusiastic and motivated individual who has no finance experience with a career pathway into mortgage broking.
The program is a 2-year full-time commitment, with the initial role being focused on basic administration training. As the successful individual achieves the benchmarks, they will progress from the initial Trainee Loans Packager role to the Loans Packager position. They will be assigned to an experienced mortgage broker to assist with day-to-day activities, loan packaging, problem solving, matching lenders with client’s needs for review by the Broker.
Finally, the person will be eligible for promotion to a Trainee or Junior Mortgage Broking role allowing the candidate to begin to process applications as a broker while still having a senior broker's oversight.
This program is a combination of on the job training, classroom teaching, mentoring by an experienced broker as well as the ability to complete a Certificate IV in Mortgage Broking, followed by a Diploma in Finance (Mortgage Broking).
The 2-year program is designed for a motivated, capable and enthusiastic individual who is looking to enter the mortgage broking industry without prior experience and transition through the following roles:
1. Trainee Loans Packager (month 0 to month 6) - $53,000 incl super p.a.
2. Loans Packager (month 6 to month 18) - $55,000 to 63,800 p.a. incl super
3. Trainee / Junior Mortgage Broker (month 18 to month 24) - $71,500 p.a. - $82,500 p.a. incl super
4. At the completion of the 2-year program there is scope to continue as a Junior Broker or transition to a full Mortgage Broking position and take advantage of the uncapped earning opportunity.
PROGRESSION
Trainee Loan Packager:
• Conduct administration tasks such as answering phones, calling banks, valuers, solicitors, clients, ordering valuations, and data entry.
• Assist senior mortgage brokers with their day-to-day activities as required.
• Learn about loan packaging for residential lending.
• Work directly with mortgage brokers and lenders.
Loan Packager:
• Liaise with all stakeholders, including discussing files with internal and external teams.
• Conduct income analysis on both PAYG and Self-Employed income documents including business financials and tax returns.
• Prepare and package loan applications and collect supporting documentation.
• Complete client ‘Statement of Positions’, suggest lending options and draft ‘gameplans’ for the brokers to review.
Trainee/Junior Mortgage Broker:
• Conduct client interviews, Structure home and business loan applications and provide loan recommendations for senior broker approval.
• Complete client mortgage reviews and provide tailored recommendation and options.
BENEFITS
• A structured, experiential learning program with theory, practical and academic elements.
• Career progression opportunities.
• Entry level opportunity to cultivate a lucrative and rewarding career in the mortgage broking industry.
• Formal Industry qualifications including Certificate IV in mortgage broking and Diploma of Finance & Mortgage broking.
• The opportunity to work alongside industry professionals.
• A dedicated mentor to help your promotion and transition through the roles.
CANDIDATE REQUIREMENTS
• This role is perfect for someone looking to change careers and looking for putting to use their strong analytical and problem-solving skills.
• University Graduate (or related field, exception may be made for a non-business-related degree that has strong numeracy & problem-solving components – this candidate would require a personal interest in the property & finance industry and be able to articulate this understanding well).
• Excellent communication and relationship-building skills (both written & verbal).
• Exceptional customer service skills.
• High attention to detail.
• Strong team-based orientation.
3 steps to a happy ending!
Live your life with no regrets, easy to do, free and done in the comfort of your own home!