Career Advice - Broking - PropertyInvesting.com

Viewing 4 posts - 1 through 4 (of 4 total)

Spinksy
Member
@spinksy
Join Date: 2004
Post Count: 3
March 30, 2005 - 5:23 am
Hi, I am not sure if I have posted in the right area but I figured that alot of the brokers on the site would look at this area regularly. I am after some advice on how best to go about getting into the finance broking industry.
I have recently completed my Cert III in Mortgage Lending which allows me to be registered as a finance consultant. I currently work in an unrelated field and would like advice on what sort of work I should be going after, at this stage although I have completed the basic qualifications feel I need more real world experience before I am confident in giving good advice to clients.
I am considering applying for work as a loans assessor or more admin type work to get some more experience and work my way up into broking.
Would be very interested to hear from any of the brokers as to what path they took to getting into the position they are now.
Thanks in advance,
Glenn
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
March 30, 2005 - 6:45 am
Glenn
Yes it would be very hard to start out on your own without any knowledge of the industry. Getting some experience inside a lender will help you later on when you become a broker, as you will know what they look for and how to get loans passed. So i sugest that route initially. Then maybe join a bigger firm to get the experience and training. Eventually you could go out on your own.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
March 30, 2005 - 8:01 am
I suggest you consider working with another broker to learn the ropes and have someone experienced to double check you.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
March 30, 2005 - 8:20 am
Hi Glenn,
As a new entrant into the industry you may be required to complete Certificate IV in Financial Services which meets both MIAA and Finance Brokers Supervisory Board (WA) requirements.
The Certificate IV in Financial Services (Finance / Mortgage Broking) is replacing Certificate III in Mortgage Lending as the minimum entry-level education requirement for individuals with less than two years experience in Mortgage Lending / Mortgage Broking. Cheers.
Regards
Steven
Mortgage Broker
Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.