Senior Mortgage Advisor Position

residential mortgage job


Senior Residential Mortgage Advisor


Fraser Valley, BC

Job Description
SENIOR RESIDENTIAL MORTGAGE ADVISOR

WHO WE ARE:
We are a boutique Mortgage Brokerage focused on hiring and developing #1 Top Mortgage Advisors.

OUR CULTURE:
We are committed to following values: Trust, Clarity, Strategy, Mutual Cooperation and Results Oriented. We expect Trust among advisors, clients and partners. We strive for clarity and transparency in our business and with lender partners. We educate our clients with strategies to help them achieve their goals vs only discounting mortgage rates. We work as a team and we are not suited for advisors that only want to take and not give to the group. And we are results oriented; we get results for clients, partners and customers.

THE OPPORTUNITY:
As a member of the Team, you will be given the opportunity to work in a busy and growing Real Estate Office in the Fraser Valley serving the realtors and their clients. You are responsible for developing the relationships with the realtors, serving their customers mortgage needs and providing expert knowledge and advice on a wide range of mortgage products while focusing on the customer’s priorities. You need to be confident, knowledgeable, results oriented and have people’s skills. Your goal is to become the #1 Top Broker for the office.

Role Specific Accountability include, but are not limited to the following:

• Contact realtors at the office and introduce yourself.
• Follow up with the office realtors on a consistent basis.
• Go with the realtors to open houses to answer customer’s questions and take applications.
• Provide mortgage solutions using your knowledge base of mortgage products available.
• Do joint calls with realtors for customers in need of a mortgage to their office, home or other.
• Negotiate, structure and evaluate mortgage applications and provide advice with authority.
• Submit to lenders requests for mortgage financing and maintaining high efficiency ratios.
• Maintain knowledge of all applicable underwriting guidelines.
• Available to work extended hours and weekends.

DESIRED SKILLS AND EXPERIENCE

EDUCATIONAL AND TECHNICAL EXPERIENCE:
• Current Sub Mortgage broker License
• 5+ years of mortgage and sales experience
• 2+ Canadian Banking experience or other Financial Services experience is considered an asset
• Filogix & Lender’s guidelines knowledge
• Possess solid personal and business skills
• Bilingual/multilingual considered a great asset

PERSONAL REQUERIMENTS:
• Excellent negotiation skills
• Ability to present and instill confidence with the customer
• A successful track record in sales of +$12M per year
• Strong analytical and problem-solving capabilities
• Exhibits solid communication skills, both written and verbal
• Excellent initiative and organizational skills
• Excellent judgment / must be able to make independent decisions
• Customer Service focused
• High attention to detail
• Flexible and adaptable / able to multi-task under pressure
• Proven ability to meet deadlines
• Ability to prioritize and follow-up on work
• Sense of humor is an asset

ADDITIONAL INFORMATION
Posted: April 25, 2013
Type: Full-time
Experience: Senior
Functions: Sales, Finance
Industries: Residential Mortgage
Compensation: Finders Fee, Volume Bonus and Other Compensation
Confidential: All requests are kept strictly confidential

Please contact help.desk@mortgageslab.com

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Top 5% most viewed LinkedIn profiles for 2012

Top 5% most viewed LinkedIn profiles for 2012

Top 5 LinkedIn MortgagesLab

LinkedIn reaches 200 Million Members!

Top 5 LinkedIn Camilo

LinkedIn Infographic

200 Million LinkedIn Infographic

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ING Direct Broker News Canada – Scotiabank

ING Scotiabank Mortgage Broker News

ING-Scotiabank-Mortgage-Broker-News

Following the recent acquisition of ING Directy by Scotiabank, ING Direct has decided to terminate the broker business division. This is sad news as by taking this direction ING mortgages will not have the professional advice given by brokers.

To view the ING Direct Broker Announcement (News) and Press Release, please download the PDF below:

ING DIRECT Update on Broker Channel English

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New Year Eve, Best Quotes for New Year Eve

Best Quotes for New Year Eve

Quote 1: New Year Eve
Your success and happiness lies in you. Resolve to keep happy, and your joy and you shall form an invincible host against difficulties.
Hellen Keller.

Quote 2: New Year Eve
Come, gentlemen, I hope we shall drink down all unkindness.
William Shakespeare.

Quote 3: New Year Eve
Write it on your heart that every day is the best day in the year.
Ralph Waldo Emerson.

Quote 4: New Year Eve
All of us every single year, we’re a different person. I don’t think we’re the same person all our lives.
Steven Spielberg.

Quote 5: New Year Eve
Resolution One: I will live for God. Resolution Two: If no one else does, I still will.
Jonathan Edwards.

Quote 6: New Year Eve
A year from now, you’re gonna weigh more or less than what you do right now.
Phil McGraw.

Quote 7: New Year Eve
If you asked me for my New Year Resolution, it would be to find out who I am.
Cyril Cusack.

Quote 8: New Year Eve
I know. I’m lazy. But I made myself a New Years resolution that I would write myself something really special. Which means I have ’til December, right?.
Catherine O’Hara.

Quote 9: New Year Eve
Character is the ability to carry out a good resolution long after the excitement of the moment has passed.
Cavett Robert.

Quote 10: New Year Eve
If you want something in live, you have to make it happen. It does not mean you have to do it alone. Seek help from within yourself and from people around you!
Camilo Rodriguez.

Compliments of http://www.mortgageslab.com/zero-profit-mortgage/

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Mortgage Penalty Calculator

_Mortgage_Penalty_Calculator title=
easel.ly

Mortgage Penalty Calculator

Mortgage Penalty Calculator

Mortgage Penalty Calculator Menu

You can also find out:

  • How to calculate ANY mortgage penalty using 2 standard calculators
  • How to reduce your mortgage penalty
  • Where to seek additional Mortgage Penalty information
  • How to file a complaint if your Mortgage Penalty Calculation is wrong

Mortgage Penalty Calculator

Tags: Mortgage Penalty Calculator RBC, Mortgage Penalty Calculator TD, Mortgage Penalty Calculator Scotiabank, Mortgage Penalty Calculator HSBC, Mortgage Penalty Calculator BMO, Mortgage Penalty Calculator CIBC.

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LinkedIn eBooks

As a courtesy, feel free to download 2 LinkedIn eBooks on How to Use LinkedIn for Business

How to Use LinkedIn for Business (Basic)

How to Use LinkedIn for Business (Advanced)

Enjoy!

http://MortgagesLab.com

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Mortgage Penalty

Mortgage Penalties

Mortgage Penalty

Open Letter

Mortgage Penalty
By Camilo Rodriguez

Since I started my Mortgage career more than 8 years ago, I have seen every year how all of us pay bank penalties.

As a Mortgage Broker I love to explain the importance of Mortgage Penalties and how if you do not understand or plan to avoid them, it may cost you thousands of dollars of your hard earned money.

I have seen every year families to pay from $1,500 to $15,000 to banks. Sometimes I feel, it is more profitable to charge mortgage penalties than to manage the mortgages in the books.

What is more difficult is that, there is little disclosure from banks and financial institutions about it. When you ask banks, you get a general answer and it is difficult to get the information. Every bank has a different formula and even worse, they use different variables and numbers with in it.

You basically have to believe them on what they say the penalty is. I get the sense people feel powerless when dealing with mortgage penalties.

Do not get me wrong. I know penalties are there for a reason. All I want is for us to have 100% clarity when you take a mortgage on what would be the penalty, how the bank calculate it, what is your potential risk so you can plan and protect your family assets.

I read today a blog of Seth Godin, one of the people I follow for advise and insight on how to become a better business owner and person. Today his wisdom is about CARING. After I read it, I decided to send you this email, because I CARE. I care about my family, my customers, my life.
If you want to see his article click on the following link: A simple antidote to a corporatized, unfeeling, profit-maximizing world.

I have decided to bring clarity to this issue so everybody know what to expect about their penalty from their own bank mortgage. In my life the more I know and I have clarity about something, the better I do.

I have had this idea for some years now and I decided to take action. I created a website to bring clarity to Mortgage Penalties. You can Google Mortgage Penalty and/or go to my website MortgagePenalty.ca. It is always a work in progress to develop it and to bring 100% clarity in relation to your Mortgage Penalty (with any bank).

I need your help. If you want to help me in this project, I need you to contact me so we can start digging out the truth. Please contact me if you’d like me to uncover the truth with any particular bank, mortgage company or credit union that you deal with. Just let me know which bank you deal with and email me a copy of the Mortgage Document where it explains the pre-payment penalty. I will study it, analyze it and find ways to Minimize, Avoid and Reduce the Mortgage Penalty.

Please click here to contact me. You can also email me at mortgage.penalty@mortgageslab.com

If you have any experiences, comments or want to express something, please go to:
http://www.facebook.com/MortgagePenalty
(If you want to support it please like the page on top)

All the best for you and your family!
Camilo Rodriguez
Founder MortgagesLab
http://camilo.ca

To go to my website http://MortgagePenalty.ca click on the button below.

Mortgage Penalties

Tags: Mortgage Penalty, Mortgage Penalties

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How does inflation affect your Home? Part 1

I have been following closely economic data and trends about inflation in Canada. The reason being is that inflation is a big risk that can harm family finances and most families are not even aware of it. Let me explain what I have found:

What is Inflation:

According to Investopedia, inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. For a complete definition go to Investopidia Inflation Definition.
According to Wikipedia, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. To read the full definition, go to Wikipedia Inflation Definition.

I always look at inflation because it is a silent killer, if you have $100,000 at the banks earning almost nothing and the rate of inflation is 5%, over a 2 year period you have net $90,000 because of the effects of inflation.

I encourage you to look at the following video

Please comment below,
Do you think we have a risk of high inflation in Canada?


Please go here for additional information related to inflation and mortgages: Mortgages and Inflation

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Mortgage Trends

Canadian Mortgage Trends

Canadian Mortgage Trends

Current information and Mortgage Trends in Canada

Mortgage Trends BMO
BMO Homeownership Stress-Test Report: Are Canadian Homeowners Prepared Financially for Rising Rates?

Mortgage Trends Financial Post
Mortgage affordability depends on how rate hikes come in

Mortgage Trends CBC News
Canadians worried about mortgage rate hikes

Mortgage Trends RBC & TD
RBC, TD hike 5-year mortgage rates

Mortgage Trends Inflation Bank of Canada
Inflation Target Bank of Canada

Mortgage Trends Why Inflation
Canada’s Inflation Performance, and Why It Matters

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Fixed or Variable Rate?

Fixed or Variable RateFixed Or Variable Rate?

Should I go fixed or variable, It is a common question we get. There is no answer that fits everybody, really it depends on both your financial situation (risk tolerance) and also on the world economic events.

Let’s talk about it in more detail.

A variable rate mortgage is priced and affected by the Bank of Canada’s overnight lending rate which determines the banks’ prime lending rate which is what variable rate mortgages are based on.

Example: Prime Rate is 4%, You have a variable rate at 0.5% below prime, Your Mortgage Rate = 3.5%

Bank of Canada on average sends a press release monthly indicating if variable rates are going up or down. Sometimes even though it is variable, it does not change for a long period of time.

The most important thing to consider when looking at a variable rate mortgage, is your Strategy.
If you go for a variable rate mortgage without a strategy, it may be financial suicide. What usually happens is that people have the thought of going variable and if interest rates go up by Ex. 2% they would lock in into a fix rate. If this is your strategy, this is dangerous because you have low variable rates for sometime and then when you lock in, the reality is that rates (fixed) would be way higher than your 2%. You would loose out if you use this strategy.

Let’s talk about the fixed rate. The fixed rate obviously is that you get a rate today and it will stay fixed for the term that you choose, one year, three year, five-year, whatever it might be. But let’s talk about something that is really interesting about that. I Think something we don’t often talk about is that people assume the fact that if I have a fixed rate mortgage for the next five years I have no risk if the market changes or the volatility of the market. The reality is that you do have risk because particularly now if we are at very low record historical interest rates, if you get a mortgage today at a very low interest rate and it slowly goes back up to the more normal rate as the economy approves for the next five years, when you come up for renewal you are going to be hit with a relatively nasty payment shock. Maybe as high as three or four-hundred dollars per month increase your payment, just like that!

Example:  Mortgage $250,000 @ 4%, in 5 years @ 5.5%, Payment Increase $325 per month

So, have a strategy in place that is going to work for you today and 3, 5, 10 years from now. Let’s talk about a plan that will bring payment security and savings over the length of the mortgage.

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