Mortgage brokers will be bound by a Best Interests Duty (BID) obligation as of 1st January 2021. While there are a few silver linings, it's clear that BID is going to push more work onto brokers and broker groups. To stay ahead of the game, brokers will need to level up their
Top 10 Mortgage Document Collection Best Practices For 2021
Mortgage document collection and fact-finding can be one of the most tedious part of the loan application process. As a result, collecting information and documents from clients can feel like pulling teeth. Brokers lose efficiency. Delays are caused. And client experience suffers. In
Top 7 Mortgage Broker Outsourcing Mistakes (And How To Avoid Them)
Over the last several years, increasing compliance burdens have caused a productivity crunch for mortgage brokers. Processing time per deal has ballooned, yet income per deal has remained the same. Many brokers have responded by outsourcing some or all of their loan processing to a remote or