Mortgage Broker Job Description

A mortgage broker helps consumers find and obtain a mortgage.

The broker may work with individuals, small business, and/or residential real estate.

A mortgage broker is not a lender.

Instead, a mortgage broker may work with a lender and the prospective homeowner to select the best mortgage for their unique situation.

Job Brief:

We’re looking for a Mortgage Broker who can help us find the right home loan for our needs. We want someone who is knowledgeable and experienced in the mortgage industry, and who can help us navigate the complex world of home financing. We’re looking for a Mortgage Broker who can help us find the right home loan for our needs. We want someone who is knowledgeable and experienced in the mortgage industry, and who can help us navigate the complex world of home financing.

Mortgage Broker Duties:

• Maintain current knowledge of mortgage programs
• Assist home buyers in selecting mortgage loan programs and terms
• Proactively stay on top of industry trends
• Partner with clients in a positive and constructive manner
• Develop and maintain business relationships with current and potential customers
• Develop and implement marketing strategies

Mortgage Broker Responsibilities:

• Work with borrowers to negotiate loan terms, including interest rates, monthly payments, and fees
• Work with investors or financial institutions to find financing for borrower loans
• Determine borrower eligibility, including income and credit, and approve or reject loan requests
• Conduct finance assessments, including credit reports and debt-to-income ratios, and issue debt-to-income ratio determination letters to potential borrowers
• Prepare loan packages, including promissory notes, mortgage applications, and mortgage documents, and submit them to loan underwriters for compliance and approval
• Prepare loan closing statements
• Handle borrower inquiries and complaints
• Assist borrowers in resolving loan issues
• Perform regular reviews to ensure borrower compliance with loan terms
• Handle post-closing transactions
• Keep accurate records of all loan transactions
• Assist in the education and training of new employees

Requirements And Skills:

• Strong knowledge of the financial services industry, including those regulations that affect it
• Strong knowledge of mortgage lending procedures and regulations
• Strong knowledge of underwriting practices and guidelines, including gathering and analyzing economic data and financial information
• Excellent communication and interpersonal skills
• Organizational skills
• Ability to effectively multitask in a fast-paced environment

At [Company Name], we are an equal opportunity employer committed to building a diverse and inclusive team. We encourage applications from people of all races, religions, national origins, genders, and ages, as well as veterans and individuals.