An Entry-Level Mortgage Broker earns an average salary of AU$52,700 per year.

AU$37,818 - AU$77,690
AU$38K
AU$54K
AU$78K
MEDIAN: AU$54,434
10%
50%
90%
AU$18.00 - AU$61.00
AU$18
AU$24
AU$61
MEDIAN: AU$23.87
10%
50%
90%
AU$0AU$94K
Salary AU$37,818 - AU$77,690
Bonus AU$1,003 - AU$25,572
Profit Sharing AU$15,000
Commission AU$4,122 - AU$77,566
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
AU$39,623 - AU$94,079
  • Country: Australia
  • Currency: AUD
  • Updated: 16 Jun 2018
  • Individuals Reporting: 153
Hourly Data AU$0AU$61
Hourly Rate AU$18.00 - AU$61.00
Overtime AU$14.50
Annual Data AU$0AU$94K
Bonus AU$1,003 - AU$25,572
Commission AU$4,122 - AU$77,566
Profit Sharing AU$15,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
AU$39,623 - AU$94,079
  • Country: United States
  • Currency: AUD
  • Updated: 16 Jun 2018
  • Individuals Reporting: 14

Job Description for Mortgage Broker

A mortgage broker works as a go-between for people seeking a home loan and potential lenders. The broker typically has a list of lenders and their respective offerings and requirements; they then work with loan seekers to match them with the lender that best suits their needs. Mortgage brokers are typically paid a commission by the person signing the mortgage and a fee by the lending bank. Throughout the mortgage process, the broker helps facilitate communication between the bank and the borrower and works to ensure an expedient decision and signing process.

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Mortgage Broker Tasks

  • Interview and document credit, income, and financial history of clients.
  • Deploy marketing and sales strategies to attract new clients.
  • Mediate between the prospective homebuyer and the lending institution to underwrite and structure financial solutions.
  • Assess local mortgage market to find deals for client.
  • Apply for loans on behalf of borrower and collect documentation to pre-approve client.

Mortgage Broker Job Listings

Pay Difference by Location

National Average: AU$55,831

Larger city markers indicate a job is popular in that location.

Key Stats for Mortgage Broker

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
8%
1-4 years
80%
5-9 years
11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
53 %
Male
47 %

Common Health Benefits

medical benefits
Medical: 5%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 95%