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Mortgage brokers

OaSIS code 11109.05

Mortgage brokers provide services related to procuring mortgages.

Overview

Also known as

  • Mortgage broker

Main duties

This group performs some or all of the following duties:

  • Meet with clients to obtain information about income, liabilities and assets, and type, price and condition of property to be mortgaged
  • Negotiate mortgage loans with lenders or lending institutions on behalf of clients.

Additional information

  • While these kinds of positions require a high degree of training and qualifications, persons who occupy them must continually update their skills and pursue professional development.
  • Progression to financial management positions is possible with experience.

Similar occupations classified elsewhere

Exclusions:

  • Insurance, real estate and financial brokerage managers (10020)
  • Banking, credit and other investment managers (10021)
  • Advertising, marketing and public relations managers (10022)
  • Other business services managers (10029)
  • Financial and investment analysts (11101)
  • Securities agents, investment dealers and brokers (11103)
  • Economist (in 41401.00 Economists and economic policy researchers and analysts)
  • Economic development officer (in 41402.00 Business development officers and market researchers and analysts)

NOC hierarchy breakdown

NOC version

NOC 2021 Version 1.0

Broad occupational category

1 – Business, finance and administration occupations

TEER

1 – Occupations usually require a university degree

Major group

11 – Professional occupations in finance and business

Sub-major group

111 – Professional occupations in finance

Minor group

1110 – Auditors, accountants and investment professionals

Unit group

11109 – Other financial officers

Occupational profile

11109.05 – Mortgage brokers

Work characteristics

Work characteristics gathers the various components describing the work environment of each occupation, such as employers, work activities, and the work context. Each category displays up to 10 descriptors in descending order based, firstly, on their attributed ratings by the level of complexity (for Work Activities) or other measurement dimensions (for Work Context), and secondly, in alphabetical order. The whole list of descriptors and their ratings can be expanded at the bottom of each page.

Work Activities

Proficiency or complexity level
Getting Information
4 - High Level
Selling or Influencing Others
4 - High Level
Analyzing Data or Information
3 - Moderate Level
Applying New Knowledge
3 - Moderate Level
Assisting and Caring for Others
3 - Moderate Level

Work Context

Structural Job Characteristics

Structured versus Unstructured Work
Degree of freedom to determine tasks and priorities
3 - Moderate amount of freedom
Work Week Duration
Worked hours in a typical week
2 - Between 35 to 40 hours

Physical Work Environment

Physical Proximity
Physical distance from others
3 - Somewhat close (e.g. share office)

Physical Demands

Sitting
Duration
5 - All the time, or almost all the time
Standing
Duration
1 - Very little time
Bending or Twisting the Body
Duration
1 - Very little time

Interpersonal Relations

Contact with Others
Frequency
4 - Every day, a few times per day
Duration
4 - More than half the time
Work with Work Group or Team
Importance
3 - Important
Frequency
3 - Once a week or more but not every day

Workplaces/employers

  • Banks
  • Governments
  • Investment firms
  • Self-employed
  • Trust companies

Skills and abilities

This section displays the various competencies required for an occupation. Each category displays up to 10 descriptors in descending order based, firstly, on their attributed ratings by the level of proficiency (for Skills and Abilities) or importance (for Personal Attributes) and secondly, in alphabetical order. The whole list of descriptors and their ratings can be expanded at the bottom of each page.

Abilities

Proficiency or complexity level
Inductive Reasoning
4 - High Level
Near Vision
4 - High Level
Numerical Ability
4 - High Level
Deductive Reasoning
3 - Moderate Level
Information Ordering
3 - Moderate Level

Skills

Proficiency or complexity level
Decision Making
4 - High Level
Digital Literacy
4 - High Level
Numeracy
4 - High Level
Oral Communication: Oral Comprehension
4 - High Level
Critical Thinking
3 - Moderate Level

Personal Attributes

Importance
Adaptability
4 - Highly important
Analytical Thinking
4 - Highly important
Attention to Detail
4 - Highly important
Collaboration
4 - Highly important
Independence
4 - Highly important