Professional Diploma of Mortgage and Lending Broker

Description

Welcome to course: Professional Diploma of Mortgage and Lending Broker by MTF Institute

In that introductional course we will speak about launching of brokering business, about banking pricing, about banking business model and how you may build the partnership with bank. Based on your feedback we will extend that course.

Course provided by MTF Institute of Management, Technology and Finance

MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.

MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.

MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry, and resident of the incubator “The Fintech House of Portugal”.

MTF is present in 208 countries and has been chosen by more than 400 000 students.

Role of Mortgage and Lending Brokers

• Intermediary: Brokers act as the bridge between individuals/businesses seeking loans and the financial institutions that provide them.

• Consultants and Educators: Brokers guide clients through the complicated world of mortgages and loans, explaining different options and their suitability.

• Advocates: Brokers work to secure the best possible interest rates and terms for their clients, often negotiating on their behalf.

Typical Functions

1. Assessing Client Needs: Brokers analyze a borrower’s financial situation, goals, and credit history.

2. Finding Suitable Lenders: They tap into their network of lenders to match the borrower with institutions that fit their profile.

3. Comparing Options: Brokers present a range of loan products, explaining interest rates, terms, and fees of each.

4. Application Assistance: They help clients gather paperwork and complete the loan application process.

5. Underwriting Support: Brokers often act as liaisons between borrowers and lenders during the underwriting (approval) phase.

Why Launching a Business in Broking is a Great Idea

• Strong Market Demand: The mortgage and lending market is complex and constantly evolving, leading to a high need for expert guidance.

• Entrepreneurial Flexibility: Brokers enjoy the independence of running their own business, setting their hours, and building their clientele.

• Income Potential: Earning is commission-based, creating a strong link between your effort and financial success.

• Rewarding Work: Brokers play a crucial role in helping people achieve major goals like homeownership or business expansion.