Mortgage Brokers Tips For Selecting The Right Mortgage Broker | Page 7

IMPACTING REASONS TO BECOME A MORTGAGE BROKER

• Here Comes the Money

• A mortgage broker receives a commission on each closed sale, usually around one to two percent of the closing cost. This results in a very decent annual wage, which is entirely in the realm of your control based on the amount of work you are willing to put in. The annual take-home pay for a mortgage broker is between sixty to ninety thousand.

• No Four-Year Wait

• This is a very attainable and livable wage, as the only qualifying schooling needed is a high school degree. This isn’ t to say that any Joe Blow could walk into a bank, sit at a desk, and get to work – but kind of. The process for obtaining this role is ordinarily a traditional interview involving questions and scenario-based questions about the sales process or client-relationship building. A mortgage broker is a customer-facing individual who must gain a significant amount of trust from clients quickly, therefore, being trustworthy and charismatic are key.