Oh dear my fellow bears, I truly am thinking we're screwed Brothers :); The baskets are even getting their plan in place to do "QE for The People" 'next time 'round'
Tweet Topic Started: 18 Sep 2015, 08:47 AM (7,770 Views)
Mortgage brokers are not much more than souped up bank tellers. However, they carry an air of prestige in suburbia because most suburbanites are suspended in awe at the power of lending institutions. They're essentially outsourced hawkers for the banks.
Mortgage brokers are not much more than souped up bank tellers. However, they carry an air of prestige in suburbia because most suburbanites are suspended in awe at the power of lending institutions. They're essentially outsourced hawkers for the banks.
Yep, I've heard that they eat babies, drink too much and hang out with bad women.
Disgusting people.
Any expressed market opinion is my own and is not to be taken as financial advice
Yep, I've heard that they eat babies, drink too much and hang out with bad women.
Disgusting people.
That's a bit extreme. Would I be wrong to suggest that mortgage brokers are essentially an outsourced function of the banks? Much like IFAs are the foot soldiers of the investment banks.
That's a bit extreme. Would I be wrong to suggest that mortgage brokers are essentially an outsourced function of the banks? Much like IFAs are the foot soldiers of the investment banks.
No more than to suggest you are an outsourced diarrhoea function of the shit works
That's a bit extreme. Would I be wrong to suggest that mortgage brokers are essentially an outsourced function of the banks? Much like IFAs are the foot soldiers of the investment banks.
Only in a similar way that:
Bookshops owners are an outsourced function of publishers.
Mechanics are an outsourced function of car manufacturers.
Supermarkets are an outsourced function of food producers.
Pharmacists are an outsourced function of doctors.
Doctors are an outsourced function of drug companies.
Mortgage brokers are not much more than souped up bank tellers. However, they carry an air of prestige in suburbia because most suburbanites are suspended in awe at the power of lending institutions. They're essentially outsourced hawkers for the banks.
They are not too dissimilar to RE agents in that sales ability and a short course is the only condition of entry. They are a relatively new phenomina too, like dogwashers. I would not expect many to be around after the next credit crunch.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
They are not too dissimilar to RE agents in that sales ability and a short course is the only condition of entry. They are a relatively new phenomina too, like dogwashers. I would not expect many to be around after the next credit crunch.
Not really. To get my licence I had to get a Cert IV in mortgage broking, a Diploma in Mortgage Broking, a course in Anti money laundering and counter terrorism financing, another on the Privacy Act, 30 CPD points per year, accreditation with numerous lenders, hold adequate PI insurance, be a member of one of two professional bodies, be part of the COSL scheme which is a credit ombudsman scheme, have at least two years industry experience, supply a Police Check, and partake in ongoing training, but maybe its different in your world.
Are you a great communicator and good at building relationships? The finance and mortgage broking sectors suit people who are driven, goal oriented and who get satisfaction from contributing to corporate objectives
Delivery - Study online, giving you the flexibility to start when and where you want. Duration - 12 months.
A police check, oh yes don't forget that, you need that to broker mortgages, or to work in a childcare centre as a nose wiper.
I know you consider it a profession peter, but it's no more a profession than real estate sales is a profession. I imagine the hardest part is learning to use the financial calculator. But don't worry, your secret is safe with all of us.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Not really. To get my licence I had to get a Cert IV in mortgage broking, a Diploma in Mortgage Broking, a course in Anti money laundering and counter terrorism financing, another on the Privacy Act, 30 CPD points per year, accreditation with numerous lenders, hold adequate PI insurance, be a member of one of two professional bodies, be part of the COSL scheme which is a credit ombudsman scheme, have at least two years industry experience, supply a Police Check, and partake in ongoing training, but maybe its different in your world.
We have been through this before. It is a bullshit job that is nothing but a parasite sucking on the milky tits of the finance industry. You can put lipstick on that pig by listing your bullshit credentials and yet, it remains a pig. I have never heard any child say they want to be a mortgage broker when they grow up, far from it, I think they would see that as punishment.
As proven recently, you often get things wrong, like your claim that in Germany people had to sell their PPOR to get a Universal pension...Doh!
And all your ethics training makes you a master troll on this forum with the abuse and comments you throw out as if you have no qualifications or ethics at all...amazing... I have not done any ethics course, so I feel quite happy throwing shit back when thrown at me.
lol... they even call it a 'profession'...delusion. "How to become a mortgage broker? The entry level requirement to become mortgage broker is lenient compared to any other profession that offers parallel rewards." http://www.become-a-mortgage-broker.com.au/become-a-mortgage-broker/
We have been through this before. It is a bullshit job that is nothing but a parasite sucking on the milky tits of the finance industry. You can put lipstick on that pig by listing your bullshit credentials and yet, it remains a pig. I have never heard any child say they want to be a mortgage broker when they grow up, far from it, I think they would see that as punishment.
As proven recently, you often get things wrong, like your claim that in Germany people had to sell their PPOR to get a Universal pension...Doh!
And all your ethics training makes you a master troll on this forum with the abuse and comments you throw out as if you have no qualifications or ethics at all...amazing... I have not done any ethics course, so I feel quite happy throwing shit back when thrown at me.
lol... they even call it a 'profession'...delusion. "How to become a mortgage broker? The entry level requirement to become mortgage broker is lenient compared to any other profession that offers parallel rewards." http://www.become-a-mortgage-broker.com.au/become-a-mortgage-broker/
You're being a bit harsh. In this Keynesian, crony-capitalist Utopia, what 'successful' (the definition of 'successful' is a whole other debate) industry isn't sucking directly or indirectly from the finance industry? Haven't you noticed that our entire economy is managed by the finance sector?
Are you just upset that you're getting less milk than some other people?
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