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Mortgage Technology Training: 8 Ways It Can Help Your Business

Whether you’ve been a loan officer for decades or just started a day ago, obtaining thorough mortgage technology training is something you shouldn’t overlook. It’s important to go beyond the basics of simply knowing how to use the technology if you truly want to use it cost-effectively while excelling in the industry.

 

When Mortgage Technology Training Makes a Significant Difference


1. You’ve had the same loan origination system for years.

Technology changes every single day, and that’s no exaggeration. They might not all be drastic changes, but if you add them all up, you’ll see that your technology may have become dated even within a month. This is especially true regarding apps and cellphones. Working with mortgage technology consultants enables you to learn what you don’t already know and then implement improvements.


2. You need to incorporate new laws into your daily workflow.

In the mortgage industry, legal requirements are modified or added regularly. With mortgage technology training, you can integrate the appropriate tools into your technological systems and learn how to use them to meet modern rules and standards.

 
3. The status quo isn’t working anymore.

In some other industries, new hires learn the tricks of the trade from their coworkers, who learned bad habits from their coworkers, who learned the bad habits from a supervisor who has since retired. Employees who continue to follow rules without knowing why they’re doing what they’re doing could be missing out on many glorious opportunities. It’s important for managers and other employees to open their minds and think outside the box.

 
Mortgage technology training can assist loan officers and mortgage bankers regardless of their level of experience.
4. You hire someone new.

Along those lines, you don’t want new employees to pick up these bad habits. Instead, thorough mortgage technology training will teach them how to use organization, financial, and research tools to complete their jobs more effectively.


5. You come up with a brilliant idea.

If you come across a way you could possibly do something better than you are now, don’t dismiss it. Technology professionals can listen to your ideas and possibly come up with the perfect ways to make them come to fruition.


6. Management has decided to merge various tools.

Merging online tools is usually a smart move, but it’s important to train your staff on the new system after you do.


7. Your records are a mess.

Disorganization is a clear sign that you need to improve your loan origination or other technological systems. Consultants can show you the best ways to organize your customer database, sales goals, mortgage documents, financial records, communications, and more.


8. Your competitors are leaving you in the dust.

If you’re behind the times, your competitors will use that to their advantage. Is it time to enhance your social media strategies? Do you hope to add an interactive tool that your borrowers can use on your website? Do you want to get the sales leads before your competitors do? Mortgage technology training and customized solutions may give you a competitive advantage.

Start Learning More

Do your new employees need thorough training from square one? Could you use a refresher course yourself? Have you stumbled upon the next great idea? Contact us through our Clarity Technologies website or by phone at (480) 418-3428 to see all that may be possible.

About the Author


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Lena Khzouz

Lena Khzouz is an award-winning former journalist, as well as a public relations specialist, content marketing manager, and all-around fun person. Challenge her to a game of pool. She might even let you win.