Rental property finance jobs can be great opportunities for those who enjoy the mechanics of real estate financial transactions and economics. Jobs in this area of real estate can range from corporate back-office analysis, to in-person loan consultations. Individuals with analytical and technical capabilities can use their skill sets to understand the mechanics of real estate puzzles. Real estate finance jobs are also a great way of becoming knowledgeable about the investment banking sector since it involves staying up to date with pertinent changes in the industry. Below we take a deep dive into the various types of finance jobs in the rental real estate industry.
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Appraiser
Real estate appraisers have an important job in assisting those who wish to buy, sell, or refinance their property. Appraisers are licensed professionals that inspect and evaluate a piece of real estate thoroughly to assign an accurate price value to the property. Obtaining an appraiser’s report is usually a requirement of any real estate sale or purchase, as it provides both sellers and buyers with reliable information about the market value of the property. A real estate appraiser’s job goes beyond merely preparing appraisals; appraisers also need to provide consultation and advice about related matters such as zoning, municipal policies, and other factors that could affect the value of a property. As expected, appraisers must be well-informed about a wide scope of topics that can concern real estate transactions in order to perform their job successfully.
Mortgage Broker
Mortgage brokers act as the liaison between potential borrowers and lenders for real estate loans. They play a helpful role similar to a real estate agent, but instead their goal is to help the borrower obtain the most ideal mortgage loan for their property. This means they may work with a preferred lender or search for other alternate sources of funding. Mortgage brokers provide consulting services such as ensuring that both parties understand the loan conditions, and the borrower is qualified for the loan. Furthermore, they work with lenders to set up the origination processes and source borrower documentation throughout the transaction process. Ultimately, mortgage brokers act as the glue to keep the entire process organized and legal while advocating for their customer’s interests in getting a mortgage loan that meets their financial needs.