Responsible for assisting clients secure mortgage loans to purchase or refinance properties. He/She acts as intermediaries between clients and
the lending institutions, and ensures that all parties involved adhere to the legal and financial requirements throughout the mortgage process.
SPECIFIC DUTIES AND RESPONSIBILITIES
Discuss with prospective borrowers their financial situation, goals, and preferences regarding mortgage options.
Guide clients through the mortgage application process, assisting them in completing necessary paperwork and gathering required documentation.
Assess clients financial profiles, including income, assets, debts, and credit history, to determine their eligibility for various mortgage products.
Advise clients on the most suitable mortgage products based on their financial circumstances and preferences.
Negotiate mortgage terms, including interest rates, loan duration, down payment requirements, and closing costs, on behalf of clients.
Ensure compliance with all relevant regulatory agencies and lending institutions.
Educate clients about the mortgage process, including potential risks and benefits, loan terms, repayment obligations, and strategies for improving creditworthiness.
Build positive relationships with clients, real estate agents, appraisers, and other professionals involved in the mortgage transaction to facilitate smooth and timely closings.
Maintain accurate and organized records of all mortgage applications, approvals, disclosures, and communications with clients and lending institutions.
Keep abreast of industry trends, market conditions, and regulatory changes affecting the mortgage lending landscape through ongoing training and professional development.
JOB SPECIFICATION:
Bachelor's degree in Finance / Economics / Business Administration or any related field of study, preferred but not mandatory.
Previous experience in mortgage lending, banking, or financial services, with a strong understanding of mortgage products
Excellent interpersonal, verbal, and written communication skills
Strong analytical skills to assess clients financial profiles, evaluate loan options, and in identifying potential risks and opportunities
Strong attention to details
