Bond Originators South Africa
The FNB House Price Index rose year-on-year by 13.8% in the 2 nd quarter, which exceeded the national inflation rate. The more affordable end of the market appears to have been the best performing segment during the recent min-recovery.
However, it would appear that the market is beginning to lose momentum, with agents surveyed in our Western Cape Estate Agent Survey talking of a decline in demand and a rise in the average time on the market.
Common Duties Of Bond Originators
1.) Assessing the market to find a mortgage bond product that fits the clients needs at the lowest possible interest rate.
2.) Applying for a lenders agreement in principle (pre-approval) Gathering all needed documents (payslips, bank statements, etc.)
3.) Completing a lender application form.
4.) Explaining the legal disclosures.
5.) Submitting all material to the lender.
