A Mortgage Broker acts as the middleman between a mortgage company and a client looking to get a mortgage on a home. Typically, mortgage brokers work with clients in helping them find and receive lender approval based on their qualifications.
Skill Sets:
Mortgage brokers need to be able to work with clients, collect documentation and communicate well between multiple parties. A good background in real estate and an understanding of the housing market helps. An at least high school level understanding
of mathematics is also necessary.
Education:
A background degree involving finances and real estate can help, but based on the state there are different requirements. Varying by the state, there are required courses and licensing exams needed to work as a mortgage broker.
Career Path:
A background in real estate and an understanding of the market is important. After high school, a prospective mortgage broker may want to get a degree in real estate, finance or any business related category. Mortage brokers are self starters, and need to be be able to manage their own business whether working for themselves or hired by a brokerage.
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