Brokers Area

How can I get started as a mortgage broker?

Simply:

• Sign up
• Receive your login details
• Fill in the client details
• Source mortgages

Overseas Mortgages Direct will take care of everything else, including sending you your commission.

Who can use Overseas Mortgages Direct?

Anyone: Overseas Mortgages Direct is a simple to use system, designed to make arranging mortgages in all regions a very transparent and straight forward process. Overseas Mortgages Direct has all products from relevant lending institutions, in each region.

When the client information is entered into Overseas Mortgages Direct, the system will present a list of mortgage options available to suit the requirements of the applicant. From that point Overseas Mortgages Direct will take on the task of administering the case for you, to ensure the client receives the mortgage option they selected.

Full training is provided and a support desk is available for any queries. All information, though, is presented directly on the system.

How will I know the progress of my cases?

In all regions, a full description of the process and timelines will be made available to you so you can see the process ahead. Also, when you login to Overseas Mortgages Direct you will be able to view all of your clients and their progress through their mortgage application.

Can I administer the cases myself?

Currently, no. In the future Overseas Mortgages Direct will expand its functionality to allow users to administer their own cases, when a full competence is in place.

How does Overseas Mortgages Direct work?

Overseas Mortgages Direct uses the client information entered into the system and provides a real time approval in principle for the client, based on the criteria as defined by the lending institution. With the benefit of this information, all users can then be assured of the affordability of the clients and immediately file an online application.

When an approval has been received, the file will then be administered by Overseas Mortgages Direct to completion, where all users remain the primary point of contact of their clients.

How does this benefit your business?

• Increased credibility
  • Real time approvals in principle
  • Credible and complete mortgage details
  • All clients can be assured of their ability to qualify and the associated costs of the transaction, allowing a complete decision without concerns.
• Significant earnings
  The broker retains all broker fees and may earn substantial commissions.
  • Overseas Mortgages can be promoted as a highly profitable business, as opposed to an inconvenience.
• Customer retention
  • In taking care of all clients "In House" there is no need to refer your clients to other  companies, who in turn will assume ownership of the client. Overseas Mortgages Direct allows the user to retain ownership of the client while providing all back office functionality.
• Fewer cancellations
  • With all information and financial assurances, client decisions can be informed and confident reducing cancellations.

I have no experience, will I be able to use the system?

Yes. It is designed to make the process simple. The only requirement is to fill out one simple form. Answers to any questions about products or process will be provided, in a script, to you.

How do I use the system?

It is very easy:

1. Enter your login details.
2. Enter your client details.
3. Create a mortgage application, by filling in a new request for your clients.
4. Add all additional clients to your application.
5. Fill in the additional details as accurately as possible.
6. View mortgage details by selecting the appropriate product.
7. Select the best product to match your requirements.
8. Submit the file to us for completion.
9. Receive your payments.

Why Overseas Mortgages Direct?

• We deal directly with lenders allowing you complete confidence in all products.
• We do all the work for you.
• We pay you more than anyone to whom you refer business.
• We work with regulatory bodies to align ourselves with the most strigent standards of operation.

Is additional training available?

Yes. We have full training courses available to individuals or groups to ensure all users can utilise the system without difficulty. These programs explain the complexities in each of the regions in regard to the entire purchasing and legal procedures and how they impact the mortgage process.

What is the cost of using Overseas Mortgages Direct?

There is no cost for using the system.

What are the key differences between mortgages from region to region?

The legal requirements for banks to reclaim the property in the event of defaulting clients. As a result, the lending criteria varys greatly. The documents required by the bank from clients and developers also varies greatly. Finally the process for finalising the loan agreement and purchase, including client  contact after the signing, varies from region to region.

How does Overseas Mortgages Direct overcome these differences?

Overseas Mortgages Direct Standardises the process, on a regional basis. Every step is clearly highlighted and defined so there are no surprises. We have legal agreements in place with all lending institutions to ensure the process as defined, does not present any surprises.