Being part of a mortgage network should be a net positive for your business. Your network should be providing you with value for money, access to support to reach your objectives, and technology that genuinely makes your everyday processes simpler.
There are several signs that can indicate whether you’ve outgrown your current network, which may not be immediately easy to see. Let’s take this opportunity to look at some of the most common indicators that it may be time to move on, which we hope will help you to properly evaluate whether your network is working for where you are in your business journey right now.
1. You’re paying more but getting less
One of the most important things that you should be receiving from your mortgage network is value for money. If you have started to notice that the fees you’re paying simply aren’t reflecting the value that you’re receiving, this is a sign that switching to a different network might be a good option for you.
Similarly, you may feel as though you have simply outgrown your current network’s systems or structure, which is another sign that moving on could be an important strategic decision to ensure the future success of your business.
2. There’s a distinct lack of support
Unfortunately, there are many mortgage networks only offering surface level support to their members, which simply isn’t good enough. Your network should be providing genuinely strategic support in both field and office based settings, covering elements such as recruitment, business development and business standards support.
If you’re not receiving this level of support and guidance, making the switch really could transform your company and help you to futureproof your business. Driving growth, streamlining your processes, and expanding your team shouldn’t feel like impossible tasks; you just need the right support to achieve your goals.
3. The mortgage broker technology on offer is outdated or low quality
It’s no secret that the world of technology moves fast, so if your mortgage network hasn’t made any updates to its tech in some time, the chances are that it’s now outdated and making your job more difficult. Here at Stonebridge, all of our members have access to Revolution, which is a cutting-edge complete business solution tailored to the evolving needs of mortgage brokers and advisers. We’ve made sure that it’s intuitive, innovative, and can be seamlessly integrated into your business to support your workflow.
We believe that the technology offered by mortgage networks should enhance your productivity, drive your business pipeline, and provide your customers with a genuinely positive experience every single time. If this doesn’t sound like your current network, it’s time to switch.
4. You don’t feel aligned with the culture or ethos of your network
When partnering with any external service, it’s so important that your culture, ethos and values are fully aligned. Without this in common, you’re going to feel very disconnected, and you aren’t going to benefit from the feeling of genuine community you’ll feel when you’re partnered with the right network.
If you’re feeling disconnected from your current mortgage network and you’re missing out on community, collaboration and meaningful support, it’s time to put your business first and switch to a network that can offer you all of these things and more.
Switch to the Stonebridge Mortgage Network
If you’re unhappy with your current mortgage network, Stonebridge is here to offer something better. We are committed to providing our network partners with access to market-leading technology, meaningful support, and genuine value for money.
To find out more about the benefits of joining Stonebridge and how becoming a member can help your business thrive, please do get in touch whenever you’re ready. Simply fill in the form on our website, and a member of the team will get back to you.
