This is a remote position.
Job Overview:
The Parabroker plays a crucial role in the mortgage process supporting brokers and clients by ensuring the smooth and efficient handling of mortgage applications from initial processing through to settlement. This position requires a comprehensive understanding of the Australian mortgage process including borrowing capacity assessments lender comparisons and the preparation and submission of required documentation.
Job Description:
- Borrowing Capacity for different lenders and compare which lender has higher borrowing capacity
- Searching for suitable products and lenders for the applicants
- Timely and accurate input of customer application from various Clients Fact Finds into multiple systems
- Indexing and organizing supporting documents and identifying gaps
- Prepare and assemble all necessary documents such as statements of advice (SOCA) NCCP documents (Credit Guide) and other relevant paperwork.
- Submit the customer application to the lender ensuring that all supporting documents meet the lender s credit requirements and are properly included.
- Follow up with Lenders to ensure the file progresses promptly
- Request pricing discounts from lenders and order valuations organize property reports
- Doing Serviceability Calculators Updating tracking worksheet and/or software to ensure brokers are aware of loan status at all times
- Communicating to the applicants Monitor applications daily and report on progress
- Send supporting documents and email pack to the lender after lodgment
Requirements
Solid experience of not less than 2 years with an Australian lending/mortgage company
Excellent working knowledge of mortgage originations; specifically mortgage operations.
Thorough knowledge of loan processing and closing policies procedures documents underwriting requirements and lending guidelines governmental and agency requirements terminology and automated processing systems.
Able to Organize and review loan documentation
Strong written and verbal English proficiency
Willing to undergo further training where needed
Benefits
Permanent Workfromhome setup
Companyprovided equipment
Secondary WiFi Modem
21 Leave Credits
100% conversion of UNUSED leave credits
HMO on Day 1
Grab Voucher every month
Birthday Gift
Loyalty Gift
Christmas Gift
WorkLife Balance
Active employee engagements physically such as Christmas Party & Team Building and virtual events such as townhall with prizes.