Mortgage Broker

$60,000 - $130,000 yearly
  • FInnacle Finance Pty Ltd
  • Hybrid
  • 17 Jan, 2025
Full time Broker (Experienced)

Job Description

Who We Are: We are Finnacle, a dynamic and expanding mortgage broking company integrated with a financial planning firm. Established 7 years ago, we have grown organically and now operate 100% online. Our strong back-office support allows our frontline mortgage broker and financial advisors to focus on what matters most: serving our clients with excellence.

Whom We Are Looking For: We are seeking a growth-oriented and client-centered Mortgage Broker to join our team. The ideal candidate will have:

  • 2+ years of experience in mortgage broking, particularly handling residential deals.
  • A solid understanding of policies from major lenders, including the big four banks.
  • Experience working with PAYG employee clients.
  • A desire to grow their career within a supportive and expanding firm.

What’s On Offer:

  • Base Salary: $60,000 per annum including superannuation.
  • Commission: 20% on upfront and trailing commissions for firm-provided leads, and 30% for self-sourced leads.
  • Support: Comprehensive back-office team for credit application preparation, settlement, and aftercare.
  • Leads: Minimum of five leads per week for the first 12 months, with our marketing aimed at getting you 10-15 qualified booked first appointments a month. You'll also be supported by high-quality leads from our financial planning arm.
  • Work Environment: Hybrid role with a mix of office and home working days. (We are currently finalising our decision on office location its likely to be in Melbourne CBD or Richmond)
  • Earnings Potential: With the combination of base salary and commissions, a motivated broker can expect to earn between $100,000 to $130,000 in their first year, with potential for higher earnings as they build their client base and generate more leads.

What We Expect:

  • Client Interaction: Handle inquiries, conduct initial calls, and perform preliminary research to determine credit assistance eligibility.
  • Documentation: Collect necessary documents from prospects for detailed assessment.
  • Deal Management: Workshop deals, liaise with BDMs to find the right lender and loan products, and oversee the process from application prep to settlement.
  • Client Communication: Maintain contact with clients throughout the credit assistance journey, supported by our back-office team.

Our Team: At Finnacle, we pride ourselves on our collaborative and supportive team environment. Our team currently consists of one full-time frontline staff member who plays the dual role of a financial planner and mortgage broker. We believe we are now in a position to level up, thanks to our strong back-office support, which includes a total of five staff members—2.5 in financial planning and 2.5 in mortgage broking. This team has been carefully built over time to scale effectively. We are now looking for a mortgage broker to join us on our journey, plug into our established system, and benefit from what we have built over the last seven years. We believe in continuous learning and professional development, and we support each other to achieve both personal and professional goals.

Additional Details

We encourage long-term employment, accountability, and a positive workplace culture. In this full-time role, you would be expected to settle at least $30-40 million annually. We believe that with the base salary and commission split on upfront and trail, leads supplied, and back office support provided, the right candidate could earn a minimum of $120,000 in the first year. Over the next three to five years, with a growing client base and commission split on trails, this person's earnings could reach $160,000 to $200,000 PA.

If you are a motivated mortgage broker looking to be part of a growing firm with a supportive environment and excellent growth prospects, we would love to hear from you!