Mortgage Broker

Find out how to become a mortgage broker in the finance sector. Get information on expected salary, job growth, essential skills and qualifications.

Similar job roles

The current average salary of an Mortgage Broker is $60,000 - $93,100 annually

Overview

A mortgage broker specialises in home loans, analysing and comparing thousands of them to give customers the most suitable loan for their financial circumstances. Mortgage brokers earn a commission paid by the bank or lender – not the borrower. This sector will grow in the next 5 years from 25,800 jobs in 2017 to 25,600 by 2022.

Read more about the accounting and finance industry.

Key skills

Mortgage brokers act as a conduit between the borrower and the lender, assessing your finances to determine which home loan is right for you.

Strong numerical and analytical skills
Excellent communication skills to build a relationship with clients
Expertise in personal finance and risk assessment
Honesty, integrity and sound judgement
Good negotiation skills and self-motivation

Quick facts

Mortgage brokers find home loans best suited to the clients’ needs. This sector will see 12,000 job openings over the next five years with an equal male/female ratio.

Outlook

Average Hours Worked

40.4 full-time hours per week vs. all jobs average of 40 hours

*Source
Main Industries

Financial and insurance services; wholesale trade; and rental, hiring and real estate services
Average qualification level

31.5% Advanced Diploma/Diploma

* All information on this page has been complied using figures from payscale.com.au and the Australian Government's joboutlook.gov.au - all figures are indications only, and are accurate at time of publication. Please do your own research before selecting a course or career.

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