Mortgage expertise in high demand
Banks’ efforts to capture lending market share has led to a surge in demand for mortgage experts, according to a Hays survey.
Candidates with expertise in mortgage sales, credit assessment and lending management are particularly sought after, the quarterly report shows.
Persistent low interest rates and a competitive housing market are behind the trend, Hays Banking director, Jane McNeill, said.
“We are seeing ever increasing demand for Credit Assessors (DLA holders), particularly within the residential and commercial banking space as the big four banks are driving their businesses to complete as many loan applications as possible,” she said.
“There is also huge demand for Lending Managers. There is a major shortage of qualified candidates in the market and the industry relies heavily on candidate movement and interstate relocation.”
She said roles in business development, relationship management and portfolio management are also appearing more frequently.
“This indicates that activity across business, commercial and corporate banking is picking up, resulting in increased lending which in turn is likely to boost the wider economy.”
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
