Mortgage Consultantmortgage advisor
Work in this sector must be carried out at least in accordance with a licence to practise medicine, which includes a baccalaureate and 20 recognised lessons in Swiss legislation, ethical matters and other economic and finance matters. Licensing & CertificationLicense needed, mortgage advisors look at credit institutes and act on their potential borrowers' behalf to obtain the best loans for their pecuniary circumstances.
Instead of working directly for a local banking institution such as a credit officer, these advisers work as freelance contractor. Often they build a relationship with realtors who could then refer these mortgage advisors to their customers when they are willing to request a credit. They often base their net income on commissions from the number and nature of credits they arrange each year.
Hypothekarkreditberater fulfil the same tasks as a Bankkreditberater. This includes the collection of person-related data in a lending request, the use of this data to evaluate the borrowers lending and finance histories and the explanation of the lending processes to the applicant. Lending advisors work with several banking institutions to find the best amount of money and interest rates for their customers.
To become like a bench debt advisor, becoming a mortgage debt advisor merely necessitates a high school graduate and a licence that will require 20 hrs of licensed course work. Mortgage advisors who specialise in corporate mortgage lending, however, often have a bachelor's level qualification in either economy or finance because they need to be able to analyse the creditworthiness of a company.
Mortgage advisors and mortgage advisors must all be licenced. Approval will require 20 hrs of course work, all of which must be authorized by the National Mortgage License System and Registry. The course work will include courses on government mortgage regulation, non-traditional mortgage conditions and ethical issues. Although there is no requirement for a Certified Mortgage Consultant (CMC) certificate, the Certified Mortgage Consultant (CMC) certificate shows that a consultant has the highest degree of accreditation granted to mortgage intermediaries by the National Association of Mortgage Brokers.
Achieving CMC certification takes five years of working practice and 100 qualification points acquired through various combination of training, work practice, certification and management activity. The recertification process will require an extra 30 training sessions and is repeated every three years. From May 2015, the annual wage of credit clerks averaged $75,170, said the U.S. Bureau of Labor Statistics (BLS).
Hypothecary credit clerks only need a university qualification, but need a bachelor's level for some jobs or work on industrial property finance. Certifications are available, but not always necessary.