SAM
SABAH KADHUM
Mortgage broker is quite
unheard of in the Middle East. When I first joined the industry
in 2002, often I’ve been asked “what’s the meaning of mortgage
broker” and it’s quite challenging for me in this industry. As
for my background I finished my university in 1988 as Engineer
(Mechanical engineering), which encourage me to take the
financial course and become a mortgage broker.
In Canada mortgage brokerage has been around since 30 odd years
ago and market share has increased substantially over the years.
It was estimated that as of 2004, residential financing arranged
by mortgage brokers represent approximately 30% market share and
is growing at a substantial pace. U.S. is more sophisticated in
this area and has about 75% market share.
Nowadays more & more consumers are recognizing the value added
benefits provided by mortgage brokers and the industry is
forecasting a higher demand for its service in the coming years.
As such, recent years saw a great number of new people joining
the mortgage brokerage industry. |
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