From loan writer to Business Owner: Become your own boss
Taking the career leap into the unknown and starting your own business is no small feat. When you’ve grown accustomed to the relative security of a full-time salary at a financial institution or established mortgage broking business, the transition might appear even more daunting.
If you’re a loan writer who has the experience and motivation to thrive as a self-employed mortgage broker, here are some of the benefits and things to consider when becoming your own boss.
Finding your future clients
Many loan writers are reliant on their employer to provide ready made channels they can access new client opportunities through. When making the decision to go it alone it will be important to have clarity around where your new business will come from and ideally receive new client leads from your aggregator.
Gain the flexibility you need to thrive
There are numerous advantages to becoming your own boss as a mortgage broker. Not only are you able to choose where you work from, whether at home or a location of your choosing, but you can also set your own working hours. This means you have the freedom to work around family commitments and find a work-life balance that suits your lifestyle.
How you choose to run your own mortgage broking business is entirely up to you, including the development of your business model and marketing strategies.
Some self-employed mortgage brokers also choose additional lending areas to diversity their income, such as commercial, asset and finance. The career pathway you end up choosing is entirely your call.
Align yourself with the right aggregator
One of the best aspects of being your own boss is having the ability to choose an aggregator that will offer the right level of support. Depending on how hands-on you want your aggregator to be, you’ll be able to operate under an established brand, or forge your own.
No matter which path you choose, finding the right aggregator is arguably one of the most crucial steps when branching out on your own, and will make your transition into mortgage broking much smoother.
The right aggregation partner will offer ongoing support throughout the launch of your new business. They’ll also assist with the planning and implementation of your marketing strategies, business model and processes to give you the greatest chance of success.
Ready to take the leap?
We understand the challenges you face. That’s why we provide a responsive support network designed to help new mortgage brokers lay the foundations for their own empire.
If your own mortgage broking business sounds like the opportunity you’ve been looking for, contact Choice Home Loans using the enquiry form below. One of our Business Development Managers will be in touch to discuss the process further. Make sure to also download our e-brochure for more information on making the transition.
Contact Choice Home Loans
Call us on 1800 188 288 or drop us a line via the contact form below if you are interested.
All enquiries are kept strictly confidential and we will only use your personal information to arrange the appointment, so there’s never any harm in looking!
Complete the below enquiry form and one of our Business Development Managers will be in touch shortly.
* Choice Home Loans respects your privacy and will only use your personal information to arrange your free appointment.