Independent brokerages are as unique as building a home.
Finding the right one is crucial for your specific needs and goals.
Here are some key factors to consider when choosing an independent brokerage:
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Technology: Evaluate the technological tools and platforms the brokerage offers. Look for advanced POS, LOS, SRM, Mobile apps and online applications.
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Processes: Understand the operational processes to ensure the best client experience. From Application to client retention this is key.
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Compliance & Guidelines: Different brokerages may interpret and implement regulatory practices and guidelines. Compliance practices and risk management policies match your comfort level and investment strategy.
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Fee Structure: Compare the fee structures of different brokerages, including commission splits, technology fees, processing fees and any other hidden charges. Choose a brokerage that offers competitive pricing without compromising on quality of service.
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Product Offerings: Consider the range of financial products available, such as exclusive down payment assistance programs, jumbo, bank statement loans, DSCR, ITIN, and foreign nationals.
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Reputation and Reviews: Research the brokerage’s brand. A good track record and positive client feedback are indicators of a reliable brokerage.
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Customer Support: Assess the quality of customer support from internal support staff, external support staff, any the investors.