Mortgage Broker Test

When looking to fill a mortgage broker position, it's important to make sure that the candidate has the skills necessary to do the job. A mortgage broker skills test can help ensure that the candidate is a good fit for the position.

  • What is a mortgage broker skills test?

    A mortgage broker skill test is a useful assessment to administer to candidates during the early stages of recruitment for a role as a mortgage broker.

    Mortgage brokers are responsible for helping customers find the best mortgage possible and help negotiate deals between customers and the bank offering the loan. Since markets are more competitive and the application process more complex, a mortgage broker is often used to simplify the customer's experience in finding a good deal and being approved for the loan.

    The test measures a candidate's ability and skills, to help identify those who would best suited to the role. Test-takers will be given multiple-choice questions under a set time limit to answer skill-related questions that a mortgage broker might need to be successful in their role. The timed test will also help measure how candidates cope under pressure; candidates will need to answer quickly and efficiently before the time runs out.

    The test can be administered to multiple candidates, simplifying the process of shortlisting - test results will be fair and unbiased.

Jump to a section on this page:

  1. What is a mortgage broker skills test?
  2. What are the benefits of using the mortgage broker skills test for pre-screening?
  3. How our test measures mortgage broker skills
  4. Mortgage Broker Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • What are the benefits of using the mortgage broker skills test for pre-screening?

    A mortgage broker needs a range of skills to be successful in their role. They need to be great problem-solvers, have strong numerical abilities, respond to a variety of situations well and have excellent verbal and communication skills. With traditional methods of recruitment, these skills can be very hard to identify without using some form of testing tool.

    The mortgage broker skill test questions are designed to measure those skills that make a great mortgage broker, highlighting the strengths and weaknesses of each candidate.

    The test results help recruiters identify qualified candidates, allowing you to rank their test results and providing valuable insights that you wouldn’t have without doing such tests.

    This test would be typically used for hiring anyone in the mortgage broker business such as as mortgage loan officer.

    By using skill-based tests you greatly improve the effectiveness of shortlisting good candidates early on in your hiring process as well as reducing unconscious bias.

    The skills needed to be a loan processor are shared by many other positions. This means that the loan processor test is helpful in the recruitment process for many different positions, such as:

More Job Skills Tests

How our test measures mortgage broker skills

Test questions are designed to assess industry-specific technical skills, soft skills, aptitude and suitable personality dimensions. Our data-driven approach provides results that enable you to determine how suited is a candidate for the role.

Depending on the type of question, the format of the test may vary. Multiple-choice questions are used to measure aptitude, technical skills and soft skills, while agreement on a Likert scale assesses suitable personality dimensions. Skills tests ensure that candidates are being evaluated in a precise and impartial manner, their results demonstrating the true knowledge and potential of each test taker.

The characteristics required to be a mortgage broker were determined by looking at the skills and abilities listed in the US Department of Labor’s O*NET database, which collects data from professionals in various fields.

O*NET is the largest database of its kind, providing detailed information about occupations and the requirements for each role.

Our team of I/O psychologists and psychometrics worked closely with subject-matter experts to create an extensive question bank that can be used to test multiple candidates. We also conducted rigorous field testing with a representative sample of candidates to ensure that the questions were reliable and valid.

Test scores are averaged together to give an overall score. The average score is compared to other candidates' scores to ensure there is no bias toward certain candidates.

Our mortgage broker test is constantly updated and optimized to ensure the best experience and results.

Try for free

Validated

Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

Mortgage Broker Test FAQs

What are the most important skills and abilities of a mortgage broker?

Numerical reasoning, verbal reasoning, strong communication skills and attention to detail are some of the most important skills needed to be a successful mortgage broker. Identifying these skills and abilities early on can help ensure you invest time in interviewing the strongest candidates possible.

Can I use this test to assess personality traits?

Yes, the assessment will provide useful insights into a candidate's personality traits so you can identify whether or not they will be a good cultural fit in your organization. Personality traits like extraversion, agreeableness and openness provide additional insight into who you might be hiring.

Can I see what the test is like?

Yes, of course. You can try the test for free by signing up for a free trial.

Are these tests available in my plan?

We have a range of plans available. The difference between the plans is the number of test attempts permitted, not the type of tests. All our plans include our full test suite comprising all tests and all levels.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

Ready to try Test Candidates?

Compare your next great hires today

Try for free