Mortgage Tech Talks

E3: The All-in-One System- Reality or Fairy Tale?

An "All-in-One System" sounds like a dream come true for brokers. And we get it, on first glance there is so much to like about this concept. However, on a deeper dive, it might not be the best choice for their business. Here's why:
Doing Too Much: If a contractor tried to do a full renovation with a single tool, they wouldn't do any of them part really well, right? That's the same with an all-in-one system. It's a jack of all trades, but a master of none.
Difficult to Modernize: If a new tool comes out that makes your business more efficient, you'd want to use it, right? With an all-in-one system, adopting these new tools means changing your whole business.
No Flexibility: Picture the contractor again. If the "hammer" within the single tool breaks, they're in trouble. With separate tools, they can just swap out what they need and keep going.
To be sure, the US is always a good gut check since they're 2-5 years ahead of us in technology. The reality is that they're more fragmented, not less.
So, instead of going all-in-one, it's could be better to use many specialized tools. To make your "toolkit" successful, make sure each tool integrates AND you have clear instructions for you and your team.
Follow our hosts
https://www.linkedin.com/in/tomhall8/ https://www.instagram.com/mortgage_tech_tom/ 
Subscribe to our newsletter
https://mortgagetechtalks.substack.com/

E2: Data Mining- Not Just a Buzzword, More Important Than Ever

Data mining might sound eye-roll worthy, but it's easier than you think, and more relevant than ever.
To put it simply, data mining finding hidden opportunities within the information you alredy have. It doesn't mean some fancy software, some of the best data mining can be done in Excel.
Some top mortgage broker examples are: notifying variable clients on a rate changes, scoring top clients, and tracking non-subject property renewals.
To have it work for your business our keys to success are:
Good data in equals good results out.
Use your past experiences to guide where you look.
And once you "strike gold", have the right tools in place to act fast.
Oh, and AI? It's like having super-smart helpers find hidden gems in your data. So, don't be left behind – go hunt those treasures!
Follow our hosts
https://www.linkedin.com/in/tomhall8/ https://www.instagram.com/mortgage_tech_tom/
Subscribe to our newsletter
https://mortgagetechtalks.substack.com/

E1: Deal Desks- What Are They, and Why Implement Them?

Deal Desks are starting to gain serious traction in Canada. A Deal Desk is a central hub where agents send in live deals for underwriting while still hustling on the sales front. It's a win-win for brokerages and agents- optimizing admin work and letting agents do what they do best – connect with clients and brokers. Of course, you gotta have some slick tech to run these Deal Desks smoothly.
In this episode, we dig into these benefits and what to consider (and watch-out for) when implementing a Deal Desk system.
Follow our hosts
https://www.linkedin.com/in/tomhall8/ https://www.instagram.com/mortgage_tech_tom/
Subscribe to our newsletter
https://mortgagetechtalks.substack.com/