Mortgage Agent

5 months ago


Toronto, Canada Zolo Mortgages Ltd Full time

Are you a part time or full time experienced mortgage agent & pay a monthly/desk fee, franchise fee & other fees but get little support/mentoring from your brokerage? Let's talk.

Zolo.ca is Canada's most popular online real estate marketplace You will be part of our growing Mortgage brokerage division. The brokerage makes money only when you do There are no monthly fees, desk fees, training fees etc. Enjoy the flexibility of working remotely. Work wherever you feel comfortable so long you have a computer, internet access & a mobile phone.

**You will work under the mentorship of a team lead & will be expected to**:

- Solicit & generate business to develop your database of clients seeking mortgages.
- Be an expert in mortgage lead generation strategies.
- Develop knowledge of lender products, underwriting criteria, and how to read credit reports.
- Gather & manage confidential documents including credit reports & employment verifications.
- Advise clients on options & clearly explain the commitment details.
- Compare & discuss interest rates, lender fees, and closing costs to help the borrowers decide their best options.
- Ensure that loans & disclosures are compliant with all relevant regulations & laws
- Coordinate all relevant paperwork between lenders & borrowers.
- Be comfortable in explaining the mortgage process to clients in a simple & easy to understand manner.
- Act with integrity & secure client's credit reports & personal info & documents.
- Be technically savvy & easy to train for utilizing mortgage software.

**What you bring to the table**:

- Have completed the mortgage agent certification program.
- MIN. OF 1-2 YEAR year experience as a mortgage agent required. We aren't -hiring newly licensed agents at this time.
- Must be able to acquire mortgage clients using networking & marketing techniques.
- Must have closed a minimum of 5 deals at your current brokerage.
- No history of termination or license expiry.
- Ability to learn quickly & invest in your future with consistent efforts.
- Bonus Assets: Multilingual (able to speak English & at least one other language)

**Things we bring to the table**:

- Most popular online brokerage in the country (over 10 million people choose Zolo to start their home search).
- No desk fee, monthly fee or franchise fee.
- Multi-level deal support with Team Lead, Principal broker & compliance administrator.
- Weekly trainings on lead generation, underwriting & lender guidelines. Easy access to team lead to answer all your questions.
- 70/30 starting split on Prime & Private deals with a tiered structure leading to 80/20.
- $195 administration fee per closed transaction.
- Full deal underwriting & submission support at no extra cost.
- Free Direct deposit of your commission into your bank account.
- A start-up driven by changing the status quo & being positively competitive.
- Commission based position. No base salary.

Do you feel that you are performing below your potential at your current brokerage & receive little support despite paying fees every month? Contact us to see if Zolo Mortgages will be a good fit for your career as a mortgage agent.

**Job Types**: Full-time, Part-time

Pay: $34,367.18-$159,801.78 per year

Expected hours: 20 - 40 per week

**Benefits**:

- Flexible schedule

Flexible Language Requirement:

- French not required

Schedule:

- 4 hour shift
- 8 hour shift
- Monday to Friday

Supplemental pay types:

- Commission pay

**Experience**:

- Sales: 1 year (preferred)
- Mortgage Agent: 1 year (required)

Licence/Certification:

- Mortgage Agent certification (required)

Work Location: In person



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