Mortgage brokers Bungendore - Rivendell Finance
                     Mortgage Broker
Things to Consider Before Taking     
                            Outsourcing Mistakes
Hobby Farm Loans for Equipment
Over the past few years, growing compliance concerns have led to a productivity crisis for 
mortgage brokers. Processing time per deal has increased, yet compensation per deal has 
remained the same.
Many mortgage brokers have come back by outsourcing a few or all of their loan processing 
to a remote team. While this can improve efficiency, like any new approach, there is a proper 
and improper way to go about it. 
Here we are mentioning some of the common mortgage broker Bungendore outsourcing 
mistakes so that you can sidestep them in your practice.

Don’t Start With the Most Complex Work
When you consider outsourcing, it is easy to get amazed by the potential. You start 
considering all the tasks that are taking up your time and keep you from getting home in 
time.
 
Thus, you may choose 2 or 3 really difficult tasks (e.g. placing a risky deal, handling tight 
serviceability) to test the idea. After all, outsourcing the most complicated tasks initially 
makes it almost hopeless to accomplish. 
 
In preference, we recommend you to begin with the most basic, process-driven and time-
taking tasks first. By following this, you can be successful before stepping into complexity.
Directly Getting into Client-Facing Roles
When mortgage brokers apprehend the potential risks of outsourcing, they ever and 
again count on their new offshore team member trying to troubleshoot a bothersome 
servicing issue for their most sophisticated client. This would be complicated and not the 
major use case for offshore outsourcing. 
 
The offshore team members are usually non-client facing. They are dealing with brokers 
and lenders but don’t reach out to clients directly. Client-facing tasks are tricky, and we 
don’t advocate including them in the mix until you have studied all the simpler activities 
first. 
Training and Feedback Time
By the time many mortgage brokers get around to employing more back-office support, 
they are mostly conned under with too much work. 
When you are engaged, it is easy to move on to the next job before delivering 
feedback on the last one. And it is also more effortless to correct small mistakes 
yourself rather than asking them to be fixed – but only in the short term. 
 
But in the longer run, if you are unable to completely and confidently entrust work, you’ll 
fail to recognise the advantages of outsourcing. 
The solution is to make all staff responsible for developing systems and processes for 
the crew to follow. Your target should be to only give the same feedback once. The 
expectation is that your team and your systems will get refined as you continue to do 
good work.
Thank You
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