Being part of a supportive mortgage broker network can make a real difference in helping you work towards your ambitions, but it isn’t always clear if a network will genuinely support your progress or end up hindering it. That’s why it’s worth knowing what to look out for. In this guide, we’ll highlight some common red flags brokers often come across in the wrong network, and share what real, ongoing support should actually feel like.
Mortgage Network Red Flags
As not all mortgage networks are made equal, it’s really important to be able to recognise the red flags that indicate you perhaps won’t experience great value for money, and may even be held back from realising your goals and ambitions.
Poor Support
Driving meaningful growth without access to tailored, up-to-date and timely support from teams that understand the mortgage sector inside out is extremely challenging. In fact, we’d go so far as to say that there’s simply no point joining a network that can’t offer high quality support systems, as this really will be fundamental to the overall success of your business.
Limited Growth Opportunities
While the mortgage sector is undoubtedly highly competitive, there are so many ways to grow, develop, and push your business forward to achieve more than you ever thought possible. However, the only way to realise this growth is through access to high quality tools and expertise, which will help you to develop a robust, multi-faceted strategy.
Low Quality Technology
There’s simply no getting around the fact that we’re living in a digital age, and without the right tools to hand, you’re going to find it infinitely more challenging to achieve meaningful growth.
If a network doesn’t have comprehensive technological solutions that are designed to make the day-to-day running of your business more efficient, this is a clear sign that they simply aren’t equipped to provide you with the framework you need to thrive in such a competitive industry.
How to Identify a Supportive Mortgage Adviser Network
Now that we’ve run through some of the major red flags, it’s important to understand what a genuinely supportive network looks like and why that matters. A great network helps move your business forward. The wrong one doesn’t just hold you back, it can block progress entirely.
Proactive Business Development Managers
As one of the UK’s largest independent mortgage networks, we have the ability to provide highly specialist and personalised support and guidance to each of our members. Our experienced business development managers are engaged and proactive, meaning they’re always on hand to share their knowledge and help you to develop strategies that are suited to your business goals and needs.
We recognise that running your own business can sometimes feel quite isolating, however here at Stonebridge, we ensure that there’s always someone on the end of a phone available to provide tailored advice that will enable you to make the right decisions for your business.
Ongoing Business Standards Support
With a dedicated and highly professional business standards team on hand at all times, you’ll never find it difficult to manage any aspect of the compliance process. Compliance is critical to all mortgage broker businesses, so whether you’re looking for high quality compliance training for members of your team or you have a time-sensitive query you need support with, our business standards team will always be available to ensure you’re equipped to deliver the high-quality outcomes your customers expect and deserve.
In-depth Training
Here at the Stonebridge network, we’ve invested in developing our own bespoke technology, packed with features designed to support you and your business as part of our mortgage and protection proposition.
Our technology is called Revolution, and it offers a complete business solution for advisers and brokers via a single, intuitive platform. It can be seamlessly integrated into your business operations, enabling you to focus on delivering the best experiences to your clients on a daily basis. Not only will you receive in-depth training on all aspects of the platform, but you’ll also be able to access ongoing tech support to ensure you’re getting the most value from one of our biggest investments.
Marketing Support
Through our own research, we understand that brokers find many aspects of the marketing process challenging. From support with content creation to the development of strategies that will enable you to connect with your audience in ways that will translate into conversions, joining the Stonebridge network will provide you with access to ongoing marketing advice and guidance via Marketing Hub.
Marketing Hub has an intuitive, user-friendly interface that helps you generate and share materials tailored to your audience. It also works hand in hand with the support from your business development team, so every part of your strategy stays aligned and focused on delivering the best results over time.
