There has always been a lot of talk about diversification in the mortgage broking industry – whether it’s diversifying for different loan types or client types. But the truth is, diversification doesn’t always benefit brokers. In fact, it can even cause more harm to their business.

In this episode of Mortgage Broker Acceleration, James Veigli and Ash Playsted tackle the controversial topic of diversification in mortgage broking. They reveal who actually gains when brokers decide to diversify. And they also chart the possible consequences of diversifying at the wrong time and what brokers can do instead. Tune in to hear James and Ash’s take on diversifying.

The Key Questions

• What misconceptions about diversifying do brokers encounter? (07:08)
• Where should brokers get advice on running a broking business? (08:48)
• What problem do most brokers overlook? (11:04)
• When does diversifying bolster mortgage broking businesses? (13:04)
  
  

What You’ll Discover

• Reasons not to buy into diversifying (04:26)
• Questions brokers must ask before deciding to diversify (06:24)
• Advice on diversification from the hosts’ lived experiences (13:52)
• How to analyse the potential for diversification (16:00)
  
  

Accelerate Faster

• You can visit Broker Ideas Group to learn more about us, access special events and download useful resources designed exclusively for mortgage brokers.
• Want to work with James, Ash and the BIG team to grow your mortgage business faster? Our Growth Coach team can help you. Let's talk!