We all know the challenges that day to day work and compliance management bring to your job - particularly when you’re balancing new mortgage business, with managing your current portfolio of mortgage application clients.
In this recent FT Adviser article - Get your compliance right or face a crisis it explores how simple mistakes can easily lead you down a nightmare road towards non-compliance. For instance:
As mortgage advisers ourselves, we know that compliance is woven through every part of our work, so we created Binder - a mortgage adviser CRM portal that’s specifically designed to support you with as many aspects of compliance as possible. Compliance is both an internal process of business disciplines, as well as an external one where your work is monitored against an ever growing number of regulations, the most significant recent one being Consumer Duty.
With all this in mind, one of the key features that our latest development release is focusing on is that all-important Fact Find. It’s the essential foundation to understanding your clients’ wants, needs and financial circumstances from which you can provide professionally sound, and compliant advice.
As we’ve found from our daily practice and research, industry Fact Find portals are often just created for the broader financial services profession, rather than being mortgage and life cover specific. This often means that your Fact Finding sessions with your clients become bogged down wading through unnecessary sections of forms that bear no real significance on the real facts that mortgage advisers need to drill down into.
Currently going through its Beta testing stage, the Binder Fact Finding feature is designed to:
The Binder Fact Finding feature is designed to be the game-changer that our sector of the financial service industry needs. Making it very specific to the mortgage adviser market means that Binder users will have everything on their side to make mortgage and life cover recommendations that meet the needs of their clients, while significantly helping with compliance. Simon Horsfall, Binder
Aside from the Fact Finding feature, Binder is already being used by mortgage advisers to help with:
One of the other key features of Binder is that it can interface with other industry CRM portals such as Intelliflo, enabling you to download all your existing files into the Binder portal.
Here’s what Binder convert Jake Smith, an independent mortgage adviser, says about his experience of our portal:
I’ve been using Binder for at least 2 years and have found that it has saved me a lot of time and made me more efficient. All communication and document collecting used to be done over email - but I found that, too often, I would either forget to save the documents, or a new email thread would start and the old one would be lost. Binder has resolved these issues as clients can upload all their documents to Binder where they’re stored until I need them. And the “Chat” function means I can communicate instantly with my clients - and have these communications stored for me to refer back to.
Looking to find a mortgage adviser CRM system that can proactively help you with compliance, and make your workflow more efficient?
See the Binder difference for yourself by arranging a free demo.
Simply email hello@binder.cloud to book an appointment.
