E4: I’m a Mortgage Broker, Not a Techie!

We hear it all the time- brokers want to focus on brokering, not tech. And we get it. Brokering is essential to your business, whereas some tech tools are not.

These brokers end up outsourcing a lot of their tech, which is great in the short run, but creates some long term risk.

So how to decide you're what to outsource? It's useful to follow this framework:

1. Own It!: Keep control of essential tasks that directly impact your success.
2. Be Dangerous: Know enough to handle critical tasks, even if you didn't set them up.
3. Fully Outsource: Delegate tasks that don't need your direct attention, like intricate website coding.

The biggest caveat is to stay updated on tech trends because things change fast. Don't get too comfy with outsourcing, as what used to be hands-off might now need your attention. Staying tech-savvy is key in the ever-evolving world of mortgage brokering!

Follow our hosts

https://www.linkedin.com/in/tomhall8/ https://www.instagram.com/mortgage_tech_tom/

Subscribe to our newsletter

https://mortgagetechtalks.substack.com/