The average salary for an Experienced Mortgage Broker in Australia is AU$74,237.
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AU$50k - AU$102k
AU$500 - AU$25k
AU$310 - AU$13k
AU$2k - AU$41k
AU$52k - AU$119k
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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 in Residential Loans and Customer Service are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis and Mortgage Loans.
Pay by Experience Level for Mortgage Broker
An entry-level Mortgage Broker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$50,059 based on 15 salaries. An early career Mortgage Broker with 1-4 years of experience earns an average total compensation of AU$55,983 based on 121 salaries. A mid-career Mortgage Broker with 5-9 years of experience earns an average total compensation of AU$64,460 based on 38 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$74,500.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Mortgage Broker in their job title in Sydney, New South Wales earn an average of 16.4% more than the national average. These job titles also find higher than average salaries in Melbourne, Victoria (7.8% more). The lowest salaries can be found in Gold Coast, Queensland (24.6% less) and Adelaide, South Australia (13.0% less).
Years of Experience
This data is based on 190 survey responses.
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