Mortgage Advisor Qualifications
Education
There are no formal educational qualifications for becoming a mortgage advisor, but a degree can certainly help prepare you for a successful career. As a mortgage advisor you will need some familiarity with lending institutions, credit reporting, and credit-worthiness, so a degree in finance, economics, or accounting can be a great benefit to future mortgage advisors new to the job market.
Abilities
A mortgage advisor doesn't need to be a math whiz, but you do need to have a decent head for numbers as you'll often be explaining mortgages rates and financial concepts to clients. You'll also need to be a people person. Mortgage advisors work closely with clients and lenders to negotiate the best mortgage rates possible so strong communication skills and a personable nature are highly beneficial. Strong computer skills are also important. You'll be doing most of your research about interest rates, credit reports, and qualifying information on the computer.
Experience
The best way to prepare yourself for a career in mortgage advising is through prior experience in the banking industry. Having a background working with the lending institutions you'll regularly be dealing with can be a huge asset. Prior experience in banking is certainly not a required qualification, but some kind of finance related experience can be a great help when starting out as a mortgage advisor.
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