What is the Biggest Risk to Your Mortgage Business Today?
While making sure the sales revenues exceed operational and marketing expenses along with employee payroll and benefits is critical to your monthly profitability, the following four areas may be the overall biggest threats to your company:
- Repurchase requests and indemnification agreements within your investor agreements.
- Lawsuits from clients or applicants.
- Lawsuits involving employee issues.
- Fines from federal or state regulatory agencies.
Understanding these risks and establishing business policies and procedures to minimize your company’s exposure will significant impact on your long-term success.
For more information or assistance in managing these risks contact Jeff Flees at 877-710-0948 or jeff@brokersunited.net.
Brokers United 