The average pay for a Mortgage Advisor is £13.00 per hour.
The average pay for a Mortgage Advisor is £26,366 per year.
|Salary||£19,126 - £32,976|
|Bonus||£967 - £6,831|
|Profit Sharing||£0.00 - £2,909|
|Commission||£1,957 - £15,319|
|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).)
|£19,994 - £35,282|
Job Description for Mortgage Advisor
The main responsibility of a mortgage advisor is to provide advice to clients, both old and new, about everything pertaining to mortgage loans, from applying for new mortgages to refinancing current ones and ensuring that the most beneficial options are offered. On a regular basis, the tasks of mortgage advisors generally focus on providing mortgage advice to clients, selling complex mortgage products, making strong connections with clients to build their loyalty, and keeping them up-to-date with all the latest housing and marketing trends.Read More...
Mortgage advisors generally work within banks, often at computers, during traditional business hours. However, they may also travel from site to site to provide in-person consultation to clients. Depending on the employer, a vehicle may be provided, but they are usually required to have their own cars.
Candidates for the position should have a bachelor's or master's degree in a relevant field and a passion for finance. Employers often prefer those with experience in mortgage programs, mortgage production, and selling loans. Applicants must know how to use basic computer software such as Microsoft Word and Excel and have excellent skills in management and written and verbal communication. (Copyright 2019 PayScale.com)
- Identify financial needs, make proposals, and close business of borrowers.
- Assign approved applications to a processor for the closing process.
- Assist potential borrowers in loan application process and complete documentation for loan products.
- Develop referral base of other banks, agents, attorneys, CPAS, appraisers, realtors, and builders.
- Ensure a continual volume of loan clients, applications, and closings for purchase or refinance.
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Pay by Experience Level for Mortgage Advisor
Pay by Experience for a Mortgage Advisor has a positive trend. An entry-level Mortgage Advisor with less than 5 years of experience can expect to earn an average total compensation of ₤28,000 based on 149 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mortgage Advisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤31,000 based on 45 salaries. An experienced Mortgage Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤30,000 based on 48 salaries. A Mortgage Advisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤30,000 based on 7 salaries.
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