Mortgage Broker Job Description
- Work with various lenders to find the best deal for a homebuyer.
- Originate loans to sell to lending institutions.
- Act as an intermediary between a lender and a borrower who needs a mortgage loan.
- Evaluate pay stubs, credit history, tax information and bank statements for financial status.
- Work to ensure compliance with banking and or finance laws in the jurisdiction of the consumer.
- Sell loans in the name of other organizations and businesses.
- Verify the income of the borrower as well as gather their credit information.
- Follow through with lender and client during approval process.
- Explain the legal aspects of the loan to the borrower as well as the payment terms and clauses to them.
- Define repayment terms to consumer and educate them on default consequences
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May. 27, 2012 PHH Mortgage Gulfport, MS, US
Mortgage Advisors are responsible for representing PHH Mortgage in their local territory by developing and maintaining relationshi...
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May. 20, 2012 PHH Mortgage Reynoldsburg, OH, US
Mortgage Advisors are responsible for representing PHH Mortgage in their local territory by developing and maintaining relationshi...
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May. 18, 2012 PHH Mortgage Roanoke, VA, US
Mortgage Advisors are responsible for representing PHH Mortgage in their local territory by developing and maintaining relationshi...
