A mortgage recruitment agency hires real estate agents and brokers to help them find the best mortgage deals for their clients. These companies are not legally allowed to provide any advice on mortgages.
Still, they have access to information about different types of mortgages and interest rates available through different lenders. Mortgage recruitment agencies also have access to information about how much money you can borrow and what kind of property you can buy.
The main goal of these companies is to match you with a lender who will offer you the best mortgage deal possible.
Mortgage recruitment agencies are very similar to real estate agents. However, unlike real estate agents, mortgage recruiting companies do not charge fees for their services unless they get you a loan.
Who are Mortgage Brokers?
Mortgage brokers are regulated by the Financial Conduct Authority (FCA), meaning they have to abide by specific rules and regulations. Therefore, if you use a mortgage broker, you can feel confident that a professional is handling your application fairly and professionally, no matter which lender the broker recommends.
The role of a mortgage broker is to match borrowers with lenders who offer the best deals on mortgages. Lenders often offer different rates and fees depending on personal circumstances, such as credit score, income, and employment history.
Mortgage brokers will talk through these options with you before recommending one particular lender over another.
How to Find a Good Mortgage Recruitment Agency
Finding a good mortgage recruitment agency can seem like a daunting task. But, of course, there are options to choose from. But you don’t want to waste your time with an agency that’s going to waste yours.
Firstly, find out a licensed agency. This is important because it shows that they have met specific standards and are accountable for their work. You should also ensure that the agency has a website that includes testimonials from past clients and contact information so that you can speak with them directly.
Once you’ve narrowed your list of choices, it’s time to set up an appointment with the agency’s representative. Don’t be afraid to ask questions about their process and how long it takes to find a job for clients. And what qualifications they look for in potential candidates. Get them talking about themselves so they’ll open up and let their guard down!