How The Brokers Bible saves brokers time


A Melbourne-based mortgage dealer has launched The Brokers Bible – a web based membership platform designed to assist and empower mortgage brokers in Australia.

Accessible now with additional expansions anticipated in 2024, the mortgage platform affords an unlimited library of coverage and lender info, instruments, and assets, offering assist and added worth to mortgage broking companies throughout Australia.

“This platform serves as a useful supply of reality for brokers in any respect phases of their careers,” mortgage dealer Katherine Persoglia (pictured above) stated throughout a current podcast with AB Speak.

“Up to date each day with new content material, The Brokers Bible goals to save lots of brokers time, improve their data, and allow them to supply distinctive service to their shoppers.”

Property Earlier than Prada: Persoglia’s deal with empowering girls

From a younger age, property and finance held a particular place in Persoglia’s coronary heart.

At 19, she turned a home-owner, sparking a ardour that might information her profession path. In 2002, she turned this ardour right into a actuality, beginning her personal mortgage franchise.

5 years in the past, a shift occurred when Persoglia noticed a rising pattern of instantaneous gratification and fleeting materialism in social media tradition. This ignited a brand new mission: empowering girls by means of monetary training.

Via her brokerage, Property Earlier than Prada, Persoglia shifted away from merely facilitating mortgages, as an alternative specializing in educating girls about making good monetary selections.

She inspired them to prioritise investments like property over fleeting traits, reminding them, “you possibly can nonetheless make investments and put on Prada, however you have to get your priorities straight”.

Her efforts have been transformative, guiding a whole lot of ladies in the direction of monetary stability and independence by means of knowledgeable property possession.

Now, armed with invaluable insights into girls’s monetary wants and aspirations, Persoglia is returning her focus to the broader broking business, able to contribute to its development and guarantee brokers have the instruments to assist others attain a safe future.

“There is a huge alternative for brokers to be a job mannequin and assist to mentor others in the neighborhood in order that they will make some good monetary choices, particularly after they’re youthful.”

The Brokers Bible: Mortgage software designed to cut back workload

With over twenty years’ expertise as a mortgage dealer, Persoglia is aware of firsthand the ever-increasing burden of compliance and paperwork.

“We want compliance, however the extra work concerned in placing collectively an utility is intensive,” Persoglia stated. “As we scale our companies, we put on so many hats – we’re brokers, enterprise house owners, HR personnel, accountants, entrepreneurs, and it may be overwhelming.”

Recognising the valuable useful resource of time, Persoglia, juggling her personal enterprise, crew, and private life, realised one thing needed to give. This realisation led to the start of The Brokers Bible: a platform designed to deal with the main time-consuming duties for brokers.

Particularly, it tackles the time spent researching lender insurance policies and contacting BDMs to search out the proper match for every consumer’s state of affairs.

“I needed to fill that hole and supply a trusted, dependable, and correct software that is not solely useful to brokers but additionally their assist groups,” Persoglia stated. The Brokers Bible already incorporates coverage info for greater than 100 residential lenders, together with completely different eventualities.

“Principally, you possibly can go in and kind in a search phrase and it’ll carry up a plethora of lenders which have an urge for food for that individual coverage,” Persoglia stated.

In contrast to different platforms that can carry up coverage info no matter whether or not the lender will do it or not, The Brokers Bible solely shows info that the lender will settle for in that state of affairs.

“We lower by means of the mountains of data and ship correct, lender-specific ends in seconds,” Persoglia stated. “Our crew updates this information each day, eliminating the necessity so that you can sift by means of pages of data or waste time on cellphone calls with BDMs and hotlines.”

What does The Brokers Bible have in retailer for 2024?

Whereas the platform’s preliminary focus is on residential loans, which was launched on October 31, Persoglia hopes to develop it throughout business enterprise belongings, solicitor funds, non-public lending, and growth funding in 2024.

“We need to guarantee we nail this platform first,” stated Persoglia. “The preliminary emphasis is on getting residential proper, after which we are going to develop to incorporate these different funding varieties.”

Persoglia stated the method had already begun to create a brief academic for every coverage in The Brokers Bible.

The movies are designed to help and information brokers, CSMs, and assist workers, Persoglia stated. 

“Every video is concise, lasting round 20 to 30 seconds, offering important info for a specific state of affairs. This extra useful resource is meant to make sure that customers are outfitted with the proper data earlier than submitting a mortgage utility to the financial institution.”

To listen to extra about The Brokers Bible and the extra assets it supplies brokers, click on right here to take heed to the complete interview with Katherine Persoglia on AB Speak.

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