7-Step Guide to Choosing Your Ideal Mortgage Aggregator
Embarking on the exhilarating path of becoming a mortgage broker comes with a pivotal decision: selecting the right aggregator. Much like the unique traits that define successful brokers, choosing an aggregator that seamlessly aligns with your professional vision is paramount. Choosing the right mortgage aggregator to suit your business model is often overlooked.
In this 7-step guide, we delve into the process of selecting an aggregator, ensuring your journey is marked by unparalleled success and sustained growth.
Firstly, What Is a Mortgage Aggregator?
A mortgage aggregator is the middleman between the broker and the bank. At Vision Aggregation, we provide the software, access to lenders, and commission processing functions, as well as mentorship and training and development to ensure our broker group succeeds.
Choosing A Mortgage Aggregator
1. Define Your Professional Vision
When working with an aggregator, defining what is important to you and your professional future is essential. Defining your long-term goals is the first foundational step to ensure that the aggregator you choose becomes a true partner in your unique journey. This is because each broker has their own specific priorities, resources and goals, so it’s important to find an aggregator that meets your requirements.
2. Seek a Sanctuary of Support
Thriving on a robust support system is a key component to brokers’ success, and your mortgage aggregator should be no exception. Seeking partners offering more than just tools is paramount. At Vision, we prioritise our mentorship program and ongoing training opportunities to ensure our brokers are updated on market changes, understand market conditions, know how to market their business effectively in this dynamic environment, and know how to grow their leads and client base. Best of all, our vibrant community supports one another constantly.
Support is essential to your success, guiding you through challenges and fostering continuous growth.
3. Embrace Technological Brilliance
In today’s dynamic world of mortgage broking, staying competitive and meeting the ever-growing demands of today’s homebuyers, mortgage brokers should embrace the latest technology. This is where you should align yourself with an aggregator, like Vision, that offers the latest broker technology, to help our brokers achieve maximum efficiency and grow their business.
Our latest technology streamlines operations, improves customer experience, has an inbuilt compliance function, seamlessly integrates with third-party services, allows for product research and comparison, and overall allows you to communicate effectively in the industry to achieve a significant competitive advantage.
Choosing a mortgage aggregator that prioritises your technology positions you as a forward-thinking broker, ready to meet and exceed industry demands.
4. Decode Commission Structures
Success isn’t just about finding the right loan for your clients; it’s also about securing the right commission model for your business. At Vision, we offer transparency and flexibility, so that you have access to innovative frameworks designed to amplify your earnings and grant you the financial freedom you desire.
We know there isn’t a one-size-fits-all approach to commission structures. We offer a wide range of options, and at the heart of our commission framework, you have the opportunity to earn up to 95% upfront and trail commissions. Additionally, we have flat fee models available to those who prefer financial stability and predictability, ad a revolutionary mentor program for new-to-industry brokers, offering a competitive commission split.
Embracing an innovative, transparent and flexible approach to commissions leads the way in the mortgage broking industry. Choosing the right mortgage aggregator for your preferred commission model ensures that you receive the tangible and rewarding outcomes for your business.
5. Prioritise Personal and Professional Development
Just as successful brokers prioritise continuous learning, align yourself with aggregators committed to your personal and professional growth. Prioritise those aggregators offering development plans tailored to you. At Vision, our Mentor Program is designed to equip brokers with a multifaceted approach to professional development and includes self-paced learning, group workshops and one-on-one support.
Our Mentor Program draws on nearly 25 years of retail broking experience. We believe that partnering with an aggregator backed by decades of broking experience enhances your skill and position in the market, as our philosophy is simple: we share everything that has proven successful for us.
6. Leverage a Powerful Network
Networking plays a powerful role in the broking industry. Establish a robust professional network can lead to collaborations, referrals, and a broader range of resources to tap into, effectively helping you grow your business efficiently.
Prioritising an aggregator that hosts networking events and promotes group collaboration is ideal if you want a reputable standing and a well-connected network. A respected aggregator not only opens doors to valuable partnerships but expands your horizons, contributing significantly to your overall success.
At Vision, we know top mortgage brokers establish relationships with professionals, and thus, we support this and encourage this within our broker community.
7. Client Commitment
Successful brokers always have their clients’ best interests in mind. If a client-centric approach is important to you, then choosing a mortgage aggregator that shares your unwavering commitment to your clients should be prioritised.
If prioritising your clients’ financial wellbeing and securing the most suitable mortgage options for them is important to you, then join Vision who are committed to sharing our expertise and insights on how to put your clients first. We believe in fostering this commitment, and we know that your clients’ success is your success, and your success is our top priority.
Vision’s Commitment to Excellence: Your Ideal Aggregator
In the competitive world of mortgage broking, the pursuit of excellence is a continuous journey. At Vision, we continue to find ways to ensure that our services are tailored to each broker and their business. We know that running a business can be challenging, and that’s why our aggregation is committed to our support for each and every broker.
Backed by 25 years of industry experience, we go beyond standards, providing you with a world of insights, knowledge, and skills to propel your success. We offer tailored support, innovative resources, ad a collaborative environment where you have the chance to expand your horizons and stay ahead of the curve. Your business deserves the best, and partnering with a leading mortgage aggregator is your first step.