The average salary for an Early-Career Mortgage Broker with Customer Service skills in Australia is AU$66,000.
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AU$60k - AU$76k
AU$60k - AU$74k
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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 borrowe…Read more
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
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Popular Skills for Mortgage Broker
Skills that pay less than market rate include Loan Processing, Sales, Residential Loans and Mortgage Loans.
Pay by Experience Level for Mortgage Broker
A mid-career Mortgage Broker with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$70,000 based on 5 salaries. An experienced Mortgage Broker with 10-19 years of experience earns an average total compensation of AU$76,000 based on 7 salaries.
Years of Experience
This data is based on 12 survey responses.
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