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As brokers become busier and compliance increases, many have shifted from a traditional single-broker model to bringing on additional staff to help. In this feature, Josh Needs discovers how and why brokers have looked to grow their business.
The lay of the mortgage broking landscape has been changing rapidly in recent years, with fewer businesses willing (or even able) to run as a ‘one-man band’. As well as providing financial literacy education, talking to lenders, finding the right loan, packaging and keeping up with compliance, brokers operating solo also have to find time to be the marketing, technology, operations, HR, and general manager of the business.
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