Mortgage Adviser Trainee

magicarp

shameless-about-money wrote:

In the last interview I had it stressed to me about the FSA's role in the process - that the client must end up with the BEST product for them, not the cheapest or the most expensive, but the best to suit their needs at that time.

Neither have come across as being disinterested in the client at all.

The client only pays one fee for life. The first fee is the last charging fee to them - any future remortgages are totally free of charge. Magicarp is it the same with yours?

yep sure is

shameless-about-money

AndyWallace wrote:

I personally wouldn't hesitate in doing it.

Andy.

They've both got me worried now!

Here's me thought I was doing well too

If they are using professional training companies for the training then surely that counts for something?

shameless-about-money

magicarp have sent you a pm

magicarp

shameless-about-money wrote:

They've both got me worried now!

Here's me thought I was doing well too

If they are using professional training companies for the training then surely that counts for something?

your doing very well and should not be worried about anything

magicarp

magicarp wrote:

your doing very well and should not be worried about anything

new to this site took a while to find message box

dunstonh

In the last interview I had it stressed to me about the FSA's role in the process - that the client must end up with the BEST product for them, not the cheapest or the most expensive, but the best to suit their needs at that time.

Of course they are going to say that. You are entering a salesforce. The minute you walk through those doors, the whole process is sales. This is from recruitment through to sitting in front of the client.

Why not ask them what adviser turnover is like?
How many fail in the first 12 months?
What is the average earnings (not the top or on track because most wont be)?

You need around 120 mortgages a year I think it said earlier in the thread. The hit rate is 50% apparantly (although expect worse in your early days). So, you will need to see around 300 potential clients a year. Where are you going to get them from?

I'm not trying to put you off. I am trying to give you some realism. Most advisers do a stint with a salesforce. I served my time with a bank salesforce. I watched many come and go and the bank salesforces are not as hard on the staff as the type you are looking at. I was also a trainer for new recruits and we were told to tell them all the "right" things. You are going to be fed some bull so you do need to be prepared for that.

shameless-about-money

dunstonh wrote:

Of course they are going to say that. You are entering a salesforce. The minute you walk through those doors, the whole process is sales. This is from recruitment through to sitting in front of the client.

Why not ask them what adviser turnover is like?
How many fail in the first 12 months?
What is the average earnings (not the top or on track because most wont be)?

You need around 120 mortgages a year I think it said earlier in the thread. The hit rate is 50% apparantly (although expect worse in your early days). So, you will need to see around 300 potential clients a year. Where are you going to get them from?

They have only been in business with mortgages for 12 months.

The Company finds the leads for you, vets them, then sends you for the visit.

The area sales manager said 5 out of 10 sales
The sales director said 1 out of 3

Depends on whom you believe.

AndyWallace

Is it Moneygate?

shameless-about-money

AndyWallace wrote:

Is it Moneygate?

No not them, but I shall have a look!

Zoetoes

shameless-about-money wrote:

They have only been in business with mortgages for 12 months.

The Company finds the leads for you, vets them, then sends you for the visit.

The area sales manager said 5 out of 10 sales
The sales director said 1 out of 3

Depends on whom you believe.

How much will they charge you for those leads?? Can't believe for one minute they will provide them for free.

If you can get your CeMAPs sorted first there are some High St lenders who will look at you for a trainee position and put you thru their training before letting you loose on clients.