Home Loan Agent

Overview

A home loan agent is the first person who comes as a contact that provides assistance to borrowers who are looking for a home loan. Their main job is to assess and analyze various loan offers that the customer is willing to apply for and also guide them throughout the process until the loan is disbursed. As most of the lending institutions like banks have limited resources to assist prospective customers, a home loan agent works as a resource for a DSA (Direct Selling Agent) and thus is always in a position to provide various options to their customers. As soon as an inquiry is submitted, the agent shall collect all relevant documents from the customer and start looking for feasible products to offer.

As per directives received from the customer, the home loan agent acquires all the information related to the documents required and other formalities to be done for the successful submission of the application and also assists in completing the entire process. An agent is the only link between a home loan customer and various lenders who offer mortgage loans and is also the most appropriate person for bringing out the best deal with the lowest rate of interest.

Once it reaches a point of agreement between the lender and the borrower, the mortgage loan agent or the home loan agent is responsible for smooth documentation, easy approval, and a quick disbursal. With the help of a mortgage loan agent, a customer gets the convenience of not handling the administrative formalities themselves and gets easy access to funds.

Why ANDROMEDA:

Largest Loan Distributor in India

– Being present in over 100 cities across the country, we enable you to be a member of a team with over 3000 partners and get excellent exposure to be a part of the most dynamic industry. Our agents have the privilege of being a part of a team spread across the length and breadth of the country.

More than 15 Lakh satisfied customers

– We have a footprint all across the nation as our branches are present all over the country, which enables us to get in touch with our customers directly and provide the best solution for them. Over the last 30 years, we have catered loans to over 15,00,000 customers in fulfilling their wishes.

Highest Amount of Loans Disbursed

– At Andromeda, we aspire to bring the best to our customers. Over the last few years, we have helped our customers in availing loans worth over  Rs. 38,462 crore in a single financial year. With more agents coming on board with us, we aspire to reach multiple milestones together.

Tie-ups with 70+ financial Institutions

– We believe in Unity is diversity. In the last 30 years, we have prepared a chain of the most reputed lenders in the country as reliable lending partners. At present, we have over 70 lenders as our lending partners to offer the best deals to our customers.

Features & Benefits:

Work as per convenience

The most prominent feature of our Home loan Agent program is that an agent can work as per their wish and accommodate as many clients as they want at a time. There are no mandatory hours & days of work, if an agent is comfortable working on weekends they can easily choose to do so.

No limit on monthly earnings

As a Home loan agent, there is no bar on how much an agent can earn in a month or more. As an organization, we provide our best resources to all the registered agents, which allows them to provide the best deals to their customers. The higher the number of disbursals in a month, the higher will be the money earned by the agent.

Get trained by industry experts

At Andromeda, each and every loan agent has the advantage of learning from experts who have more than a decade of experience in the loan industry. These experts conduct various on-job training activities to ensure that our agents are always ahead of their competitors.

Utilize Andromeda’s vast network

Our Home loan agents are not just bound to work from a single location they are free to work from any of our 600+ branches spread across the country. This not only increases their scope of work but also allows them to get desired exposure.

BANKS IN OUR NETWORK

State Bank of India HDFC Bank ICICI Bank Indiabulls  PNB Housing Finance Kotak Mahindra Bank Axis Bank HSBC Bank LIC Housing

 

FAQs:

  1. Who is a Home Loan Agent?

A Home loan agent is the point of contact between a borrower and a registered DSA who is responsible for finding out the best deals on behalf of their customers and bringing valuable customers to the lenders via the DSA.
  1. What are the requirements to become a Mortgage loan agent?

There are no mandatory requirements as long as the individual has the basic qualifications and is enthusiastic about the job role of an agent. However, it is advised that a home loan agent should be well versed with the ongoing industry trends and is aware of the basic process of loan application and approval.
  1. How to find a home loan agent nearby?

If you are looking for a home loan agent nearby, it is advised that you get in touch with the nearest Andromeda branch and ask for loan assistance. By doing so, you will not only get the best deals but also the process will be much easier.
  1. What is the significance of a Home loan agent?

A Home loan agent works as a liaison between the borrower and a lender. As a registered loan agent, it is an agent’s responsibility to get the best deal for their customers. In order to get the best offers, an agent has to be in constant touch with prominent lenders.
  1. Why become a home loan agent?

By becoming a home loan agent, an individual can be a part of this dynamic industry. As per recent reports, the loan market has seen a significant rise in the past decade and is expected to grow at this pace in the coming years. It is a great opportunity for those who would like to make a career in the loan assistance space.