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Being a loan processing service provider, we see multiple successful mortgage brokers and financial businesses in action every day. One up and coming broker asked me this question recently: “What are the good brokers doing differently?”.

In 2022 XSOURCE is celebrating 10 years of providing services to the mortgage brokers in Australia. We started in March 2012 and grew to over 400 customers, 90 staff, and processing $9bn for brokers of nearly all aggregators in Australia. We got together to celebrate our milestone. Here are some snapshot from our 10th birthday party.

Many small and medium businesses are already using various cloud file storage and collaboration applications available in the marketplace. Applications such as Box, Dropbox, Google Drive, etc will significantly increase business productivity without hitting the budget.

Email has been one of the primary communication tools in business for many years now. It became so popular, that we often assume automatic acknowledgment of anything we send

Since I get this question quite often, I thought it would be the best to have a little ‘know how’ on my website on how to place signature using free solution such as Adobe Reader.

In our previous post we showed how to apply your signature using free software such as Adobe Reader 11. Brokers can use the same software for some other handy tasks, for example:

Most mortgage brokers are looking to improve their output or reduce time taken to do their work. Value stream mapping (VSM) is the process that Lean organisations practice when they commence their improvement journey. Here is the look at how VSM…

In our view there are two things that today’s mortgage broker can be certain of:
Cost of leads generation is increasing; and
The commission amounts lenders pay to mortgage brokers will eventually reduce.

With the influx of large online portals into mortgage broking and the rapid development of artificial intelligence (AI), many traditional brokers are concerned about where their industry is heading and what their role might be.

Some mortgage brokers I talk to settle $8M+ loans per month and the others settle $800K and less. How is it possible that two people doing seemingly similar type of work perform so drastically differently?

Many brokers who we are talking to see NCCP compliance documents as something that ‘just has to be done’ to maintain their accreditations and avoid fines.

Where does your time disappear? Most of the small business owners frequently run out of time to complete their work tasks and end up working long hours. This often sacrifices their leisure time and generally reduces the potential earnings.

In one of our previous articles we spoke about general guidelines to implementing a paperless office.\r\nThis is a practical ‘how to’ guide on obtaining client signatures electronically, without printing any paper forms (eg. loan application forms).

As a provider of outsourced mortgage processing services, we see many very successful mortgage brokers that settle millions in loans every month and regularly feature in industry top broker awards. Some of these brokers have built a multimillion finance broking businesses in less than a year.

For many business operators, mobility and connectivity rate amongst the most important aspects of an efficient business set-up.\r\nOver the few years now, the mainstream digital telephone use has been in decline with business mainly relying on a mobile phone and to some extent various internet voice solutions (ie VOIP).

Business Process Outsourcing has been around for a while. Organisations across the globe have identified functions that can be performed by someone else more efficiently, at a lower cost and without harm to their core business.

Online Bookkeeping Services use the ‘cloud’ based accounting applications, such as Xero. With these applications, all data is safely stored on a secure server and is as such accessible online by permitted users at any time from any location.