Specific Job Functions
As you get started in your mortgage broker career, your day-to-day responsibilities might include the following:
- Interview loan applicants and explain loan terms and conditions
- Analyze the applicant’s financial status, including verifying credit history, income, and the property to determine whether the applicant has the ability to repay the loan
- Order appraisals, credit reports, and reference checks
- Prepare loan documentation in accordance with financial institution standards
- Provide status reports to bank management on residential loan production
- Coordinate loan closings with buyers, sellers, real estate agents, and escrow officers
- Resolve customer complaints