I recently took a poll of our Facebook group, asking mortgage brokers what was the biggest time drain in their business. See the results below:
A full 82% of brokers indicated that document review and collection was the biggest time suck.
I believe this is because, despite technology advances, the offsetting regulatory requirements create additional work.
It sometimes feels as though technology takes us one step forward, and regulatory requirements move us two steps back.
Document collection and review has definitely become more time consuming. However, if you are doing a reasonable amount of business, this problem is actually very solvable.
In this week’s podcast, I share the single fastest way to eliminate document collection from your day (and you won’t need a fancy new app to do it).
I love technology, but sometimes a simpler, less elegant solution is more effective for these kinds of time-consuming tasks.
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