Brokerage | The 8th House


Гео и язык канала: Россия, Английский
Категория: Экономика


It is the channel for people who like finance and want to improve English skills.
There is all about loan brokers🏦
If you are interested finance - welcome to the club!
#Internationalbanks|#aboutbrokers|#humor
For all questions @ARS_credit_consult

Связанные каналы

Гео и язык канала
Россия, Английский
Категория
Экономика
Статистика
Фильтр публикаций


🅰️🅱️🔠🔠🔠 🔠🔠🔠🔠🅰️

Quora is a unique international learning project.

This is a platform where people from different countries can ask questions of each other and answer them.

You can choose spaces on different topics, for example, economics, business or maybe space travel and follow them.


Only YOU can expand your horizons - come on!

🪙Brokerage | The 8th House


🔤ow to become a commercial mortgage broker in Australia?

If you want to help businesses and companies with their mortgage needs, you need to follow the step-by-step process on how to become a commercial mortgage broker in Australia. First, you need to complete all the requirements. Then, you must take and pass the licensure exam.

Certificate IV in Finance and Mortgage Broking (FNS40821) is the minimum qualification if you want to become a commercial mortgage broker in Australia.

Earning this certificate shows that you are committed to following the rules and regulations in the mortgage broking industry.

Diploma of Finance and Mortgage Broking Management (FNS50322) is a higher qualification for those who are already part of the mortgage broking sector.

#aboutbrokers

🪙Brokerage | The 8th House


🔤hat is a commercial mortgage broker? 🏢

Such mortgage brokers serve as the bridge between clients from the business sector and mortgage lenders.

Unlike the typical mortgage products presented to individual borrowers, clients of commercial mortgage brokers will be presented with commercial property loans.

These commercial mortgages are generally secured for the purpose of building commercial properties such as:

🎯office building
🎯shopping centre
🎯industrial warehouse
🎯apartment complex

#aboutbrokers

🪙Brokerage | The 8th House


#GlobalTop100

BNG Bank

Rating S&P: AAA
Year Founded: 1914
Domicile: the State of the Netherlands

BNG Bank was founded by local government.

The Bank doesn't provide financing to private customers, but exclusively to (half-) public organizations, such as municipalities, provinces, public utilities, health care organisations and public housing.

BNG Bank takes a 3rd place in the 2023 rating of reliable banks in the world from Global Finance.

P.S. History of the bank

🪙Brokerage | The 8th House


The Steps to Become a Commercial Loan Broker

✔️ Building a thorough understanding of the commercial lending industry, including types of lenders, loan types, lender requirements, and market trends

✔️ Acquiring relevant credentials such as a degree or specialized courses to get you through the door

✔️ Gaining practical experience by working with a brokerage firm or a lender

✔️ Building a solid understanding of commercial loan broker regulations and best practices

✔️ Building a diverse network of contacts in the commercial lending sector

✔️ Registering your commercial loan brokerage as an LLC 👈 analogue ООО in Russia

✔️Complying with local and national regulations
Branding your company and marketing your services

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🪙Brokerage | The 8th House


“How to become a commercial loan broker in the USA?”

There are no formal qualifications for becoming a commercial loan broker. Some commercial loan brokers have college-level business, finance, or economics education, while others don't. Some lenders may prefer working with brokers with an associate's or a bachelor's degree.

You'll need a sound grounding in finance and accounting to become a successful broker, regardless of your educational background. You must understand bookkeeping, accounting, and how businesses run so you can assess their financial health and capture your client's financial needs.

Tangible industry experience is crucial to accelerating your career as a commercial broker. Securing an entry-level job or internship at a brokerage firm can prove valuable. Some firms offer in-house training to polish your skills and abilities. You can use the job to gain experience and hone your skills before branching out independently.

Alternatively, you can enroll in a reputable commercial loan broker training program and get certified. Many states don't require certification for loan brokers, except those dealing with real estate loans. However, certification can help lend credibility, earn client trust, and land more business. Check with your state licensing board or local Small Business Administration (SBA) branch about the state's licensing requirements.

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🪙Brokerage | The 8th House


A commercial loan broker is a financial expert who helps small businesses secure business loans to fund their operations. They act as intermediaries between borrowers seeking financing and the lenders providing business loans.

Loan brokers facilitate loan applications by helping borrowers find the best financial products. They also assist with gathering the requisite documentation to ensure compliance with lender requirements.

As of 2023, 19,516 loan brokerage firms in the U.S. serve more than 33.2 million small businesses, generating $26 billion in revenue.

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🪙Brokerage | The 8th House


#Internationalbanks

BNP Paribas

Rating S&P: A+
Year Founded: 2000
Domicile: France, Paris

The bank for a changing world


It became one of the five largest banks in the world following the 2008 financial crisis.

BNP Paribas takes a 46th place in the 2023 rating of reliable banks in the world from Global Finance.

Fun fact: BNP Paribas has been a major sponsor of tennis.

P.S. History of the bank

#GlobalTop100

Brokerage | The 8th House


#Internationalbanks

Industrial and Commercial Bank of China (ICBC)

Rating S&P: A
Year Founded: 1984

Domicile: China, Beijing

It is a large commercial bank in China and among the largest banks in the world in terms of total assets and tier-one capital.

ICBC opened its first overseas branch in Singapore in 1993. Now this bank has more twenty overseas branches.

ICBC takes a 86th place in the 2023 rating of reliable banks in the world from Global Finance.

P.S. History of the bank

#GlobalTop100

Brokerage | The 8th House


#Internationalbanks

JPMorgan Chase Bank

Rating S&P: A+
Year Founded: 1799

Domicile: USA, New York

JPMorgan Chase was formed as a result of a merger between approximately thousand of financial companies. Manhattan Company (Manhattan Bank) is the oldest of the predecessor institutions that eventually formed the current JPMorgan Chase & Co.

JPMorgan Chase & Co began serving female clients

By 1905, the Ladies’ Department was a fully operational portion of the bank.


The bank has branches in 41 countries and it t
akes 1st place among the largest international American banks.

In 2022, i
t was recognized as "The best corporate bank" in the world and the best in the private banking segment according to Global Finance.

JPMorgan Chase takes a 68th place in the 2023 rating of reliable banks in the world from Global Finance.

P.S.


#Internationalbanks

First Abu Dhabi Bank

Rating S&P: AA-
Year Founded: 2017
Domicile: Abu Dhabi, United Arab Emirates

The Bank was formed as a result of a merger between First Gulf Bank and National Bank of Abu Dhabi.
The bank has a presence in five continents: Asia Pacific (APAC), Europe, Americas, Middle East and Africa (EAMEA).

First Abu Dhabi Bank takes a 31st place in the 2023 rating of reliable banks in the world from Global Finance.

P.S. History of the bank

#GlobalTop100

Brokerage | The 8th House


#Internationalbanks

DBS Bank

Rating S&P: АА-
Year Founded: 1968
Domicile: Singapore

DBS bank is a financial services operates across 18 markets. The bank is main an Asia-centric commercial bank.

In 2016 the bank was awarded by Euromoney as "Best Digital Bank in the World"

BNG Bank takes a 12th place in the 2023 rating of reliable banks in the world from Global Finance.

P.S. History of the bank

#GlobalTop100

Brokerage | The 8th House


#Internationalbanks

Royal Bank of Canada

Rating S&P: АА-
Year Founded: 1864
Domicile: Canada

RBC (Royal Bank of Canada) began as the Merchants Bank.
The Merchants Bank’s first international branches opened in Bermuda in 1882 and Havana, Cuba, in 1899.

🏦 Innovation bank👇

RBC installed its first computer in 1961, the IBM 1401, the first to do so in Canadian banking.

RBC takes a 10th place in the 2023 rating of reliable banks in the world from Global Finance.

P.S. History of the bank

#GlobalTop100

Brokerage | The 8th House


#Internationalbanks

Zürcher Kantonalbank

Rating S&P: AAA
Year Founded: 1869
Domicile: Switzerland

One of the largest Swiss banks has branches in different countries. It has developed an international network. It isn't the most famous among clients from Russia, it serves mainly citizens of Switzerland and the European Union.

Zürcher Kantonalbank takes a 2nd place in the 2023 rating of reliable banks in the world from Global Finance.


P.S. History of the bank

#GlobalTop100

Brokerage | The 8th House


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Some Russian brokers, when talking about US brokers, remember about special licenses. I heard some fear in their speech about it.
My experiment shows that our specialists hate exams🎓
They think that it is difficult.
But I found interesting or surprising information.

The license exists, but not all states use it. More often, mortgage brokers need it.


Also, business loan broker can be without of high education. I note the same in Russia.

#aboutbrokers
Brokerage | The 8th House


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Why did the Republic of Florence develop in the Middle Ages?

The Medici family established a strong banking system in Florence.

However, loans were most often given to the nobility. The Catholic Church actively used cash.

But the Pope didn't always want to repay the loan. Therefore, the Medici began to give collateral loans. For example, it's secured by a family estate.

Thus, the money was returned and was spent in the economy of Florence.

#history
Brokerage | The 8th House


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Brokerage | The 8th House

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