How to become a mortgage broker in Australia

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Entry Education RTO No: 41529

Thinking about making a move into the finance and mortgage broking industry, or maybe you're just curious about how this career works, don't worry—we've got you covered.
Today in this video we’ll be looking at How to become a mortgage broker in Australia
We’ll start with what exactly a mortgage broker does, and then move on to what qualifications you need to get started.
Mortgage brokers in Australia work with multiple banks, to secure the best mortgage for their clients. They generally work in residential and investment property mortgages, as well as refinancing current mortgages for homeowners.
Mortgage brokers don’t charge for their services because they’re paid a commission from lenders on each property mortgage they secure. This allows them to focus on their clients and ensure they’re providing the most suitable mortgage for each client’s circumstances.

Moving ahead we will check on what qualifications you need to be a mortgage broker in Australia?
There are two courses available to become a mortgage broker.
The first one is Certificate IV in Finance and Mortgage Broking. This is the entry requirement to work as a mortgage broker. There are no formal requirements to enrol in this course. But, on a less formal note, you do need to enjoy working with people.
In the Certificate IV in Finance and Mortgage Broking course you’ll learn how to develop and maintain professional relationships with colleagues and peers, and you’ll harness the necessary skills to build productive relationships with clients.
You’ll learn the skills required to work as an effective mortgage broker, including preparing complex loan applications and ensuring you always comply with the legislation that oversees your work. Most importantly, you’ll learn how to look after your own personal and professional health, which are vital skills in a busy work environment.

The second course is the Diploma of Finance and Mortgage Broking Management. This course is recommended if you want to work in more senior roles, are planning to open your own business or simply want to learn more skills.
In the Diploma of Finance and Mortgage Broking Management course, you’ll learn how to lead a team, apply theory to practical situations and develop sophisticated finance and broking skills.
With the Diploma of Finance and Mortgage Broking Management you can maximise your career and operate freely by executing: Commercial loans, Complex lending and offering all lenders to your clients.

I hope this answers your question about How to become a mortgage broker in Australia

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