The Complete Guide To Becoming A Successful Mortgage Broker

A reliable mortgage broker is in constant demand and never short on business in any economic condition. According to the U.S. Department of Labor, the average income of mortgage brokers is $43,210. The mortgage brokering business is one of the fastest growing occupations in America today, yet the financial success rate for these new brokers is dismal. It is estimated that less than 30 percent of new mortgage brokers ever become financially successful. Virtually all mortgage brokers are paid strictly on commission, so there is little motivation for the company to help you succeed. You need the proper training to be prepared. This new book will provide you with a road map to financial success. You will learn how NOT to make the big mistakes most new brokers make, how to put a loan package together, how to find borrowers, how and what to charge, how to guarantee your fee, how to make buyers and sellers happy, and how to quickly and easily locate the best deals for your customers. Additionally, this book provides you with information on licensing and exam fees, the expenses of doing business, your vehicle and insurance coverage, sales techniques, simple methods to get hundreds of referrals, software programs that make running your business effortless, the private mortgage segment, the commercial market, secrets to using the Internet, realtors, online tools and ideas, mortgage technology tips, Internet leads, building partnerships, and much more. We also spent thousands of hours interviewing, e-mailing, and communicating with hundreds of todays most successful mortgage brokers. This book is a compilation of their secrets and proven, successful ideas. If you are interested in learning hundreds of hints, tricks, and secrets on how to earn a high, consistent income as a broker, this book is for you. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president's garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

Mortgage Broker The Complete Beginners Guide To Becoming A Successful Mortgage Broker As we know, that owning a home in this big world is a satisfying task that any person would want to accomplish. It gives a sense of satisfaction that you own a home, and you have a place to return to when you get tired of the hectic day. The question that arises is that to own a home in whatever place you want, how you would get through the tiring bank work of borrowing money. When it comes to getting a home, you may need a mortgage broker to ease the task of owning a home.A mortgage broker is a middleman between a homeowner/borrower and the bank or mortgage lender. A mortgage broker works directly with both the customers and the bank which is lending the money, whether it is the purchase mortgage or a refinance.Now the question that pops up into your mind is why and how to be a mortgage broker. And why it is so necessary, or if it is even necessary. The thought of yours to become a mortgage broker arises many questions. Here in this book you will know, step by step, that you become a successful mortgage broker, because in this era of so much competition around the world, you need to know exact things that would lead you to a successful career.When you decide on being something you do not have much knowledge of, you should keep your mind crystal clear. You should not panic, and focus on what you want. You should scrutinize yourself that whether you are fit for that job or not, whether you have the skill and talents of negotiating. This book is specially written for you to know, analyze and then act accordingly. Lend us your trust, this book lead you toward success. Here is a preview of what you'll learn: Planning and executing Researching Knowing about Advantages and Disadvantages Budget your start up costs Building relationships

Break into the brokerage business. Here is a step-by-step handbook for joining this elite group. Written by an accomplished mortgage broker with more than 15 years in the business and 2,000 deals to his credit, this book covers everything from whether or not real estate financing is the right career move, to how to master the skills necessary to be successful. • Overview of a day in the life of a mortgage broker—including the pros and cons of the career • A self-test to help readers determine if the brokerage business is right for them • Licensing and educational requirements, advice on successful networking, and basic mortgage information

While residential real estate lending has gone soft, commercial lending is hot—with a wave of low interest rates and refinancing—and it shows no sign of slowing down. Right now, commercial mortgage brokering is one of the best ways to earn money without a ton of training. In this practical guide for first-timers, you’ll learn the basics of brokering from application to closing, as well as inside information you won’t find anywhere else. So get started!

Ask Your Mortgage Broker is based on real-life stories and hard-earned experience that Blair Anderson has collected over the last nineteen years of his career as a mortgage broker. It illuminates the residential mortgage brokerage industry in Canada. This book is an expose of the industry's history, utilitarianism, and best-kept secrets. It is a must-read for every existing or potential homeowner and it meticulously debunks the myths about mortgage brokers that are designed to mislead you. If you want to shake off your preconceptions and take control of your financial health, instead of following the typical herd mentality, Ask Your Mortgage Broker offers you practical tips and guidance from the front lines.

Mortgage Broker The Complete Beginners Guide - Learn How To Become A Licensed And Successful Mortgage Broker! Buying a home is probably the largest investment that you will make in your life. On average a homeowner will be paying on that home for thirty or more years. That is 360 months at an average cost of $1,000 to $1,200 or more a month. That is a lot of money to put out on a house.When looking for financing for a house many of us will generally turn to a bank for financing. This is a big mistake. The truth is that a bank will generally give you the worst rate they can since there is no competition. This is where the services of a mortgage broker comes in.As a mortgage broker you have the power to deal with many different banks and lenders in an attempt to get the best deal for your client. With this better deal you still get paid the same commission on the sale since you are paid on the amount of the loan and not the interest rate.In this book we are going to walk you through the process of becoming a mortgage broker. We will talk about what you need to do, the tests you need to take and give you tips and tricks to get the best commissions possible.At the end of this book you will know what it takes to become a mortgage broker and have the step by step process you need to take to make it happen.

Archer Training's CeMAP 2 Revision Guide is an excellent addition to your ifs School of Finance study material. Used by hundreds of people before you, this Guide helps you to understand the exam syllabus easily and speedily. 200 pages of bullet points, graphs, cartoons, newspaper cuttings and a complete test at the end.

Your path to success in the mortgage brokering industry begins with "The Mortgage Agent's Path to Success," a book written by industry professional Joseph J. White. This inspiring book includes Motivate Me!, a vital step in self-motivation that will help you define what success means to you and keep you focused on it every day. Including powerful strategies to grow your business, you'll find this book an invaluable tool in your personal path to success.Joseph J. White has been involved in the mortgage industry over the past 20 years. He began his career as a mortgage agent, and has since held positions of National Sales Manager and VP of Sales with two national mortgage lenders as well as partner at a successful mortgage brokerage. He has owned a mortgage investment corporation (MIC) and been principal broker of a commercial brokerage/lender. Mr. White is currently President of the Real Estate and Mortgage Institute of Canada Inc. (REMIC). He has been involved in the development and delivery of the previous mortgage broker licensing program, (the Financial Services Underwriting or FSU program) through Seneca College since the mid-1990s, as well as the new Mortgage Agent Program (MAP) and Mortgage Broker Program (MBP). He has instructed over 10,000 students and in 2003 won the Excellence Award for teaching and leadership excellence. His textbooks are used in the mortgage agent course and were the standard in the mortgage broker licensing courses through Seneca College. A staunch supporter of the brokerage industry, Mr. White can be contacted at [email protected]