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January 3rd, 2017
Vet a Brokerage

Career Power – How to Vet a Brokerage to Know it’s the Best Place to Work

The brokerage that you associate yourself with can make or break your success in the very competitive mortgage industry. Often we get comfortable and forget to check ourselves every once and a while. Is your broker the best place to be as far as career power?

Does your broker:

  • Provide you with access to a wide range of lenders, enabling you to finance most deals?
  • Does your broker provide you with underwriting support?
  • Does your broker provide you with access to routine free training?
  • Does your broker provide you with access to the latest and greatest tools and technology?
  • Does your broker help you market yourself to develop new business?
  • Does your broker offer a competitive compensation structure?
  • Do you feel that your broker is there for you?

If the answer to any of these questions is no, it may be time for a change. Just because you are comfortable, doesn’t mean you are making the most of your potential.

Tips to vet a brokerage:

  • Talk to colleagues to learn if they are happy where they are.
  • Does the broker you are considering have a good online reputation? An established online presence and favourable reviews go a long way, especially today with the powerful influence social media has.
  • They should have an office and offer meeting space. Even if you won’t work at the office, the ability to meet with clients in a professional space can make a big difference.
  • Are they in good standing with FSCO? The FSCO is there to protect everyone involved, so if their standing is questionable, you may want to keep looking.
  • Do their other agents speak highly of them and have worked with them for a long time? This is a great indicator of ongoing support and growth.
  • How long have they been in business? A longstanding, well-respected brokerage will have the well-establish connections that you can both learn from and take advantage of.

A change of brokerage will often fuel your fire – giving you the motivation to improve and grow. This is especially true if that brokerage can offer you more than the one you’re currently with.

If you are an agent or broker who is looking to investigate new opportunities – please reach out to Paul Mangion, principal broker at The Mortgage Center 416 204 0156 or email paul@paulmangion.com

 

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