Mortgage Tech Talks

E3: The All-in-One System- Reality or Fairy Tale?


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An "All-in-One System" sounds like a dream come true for brokers. And we get it, on first glance there is so much to like about this concept. However, on a deeper dive, it might not be the best choice for their business. Here's why:

  1. Doing Too Much: If a contractor tried to do a full renovation with a single tool, they wouldn't do any of them part really well, right? That's the same with an all-in-one system. It's a jack of all trades, but a master of none.
  • Difficult to Modernize: If a new tool comes out that makes your business more efficient, you'd want to use it, right? With an all-in-one system, adopting these new tools means changing your whole business.
  • No Flexibility: Picture the contractor again. If the "hammer" within the single tool breaks, they're in trouble. With separate tools, they can just swap out what they need and keep going.
  • To be sure, the US is always a good gut check since they're 2-5 years ahead of us in technology. The reality is that they're more fragmented, not less.

    So, instead of going all-in-one, it's could be better to use many specialized tools. To make your "toolkit" successful, make sure each tool integrates AND you have clear instructions for you and your team.

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    Mortgage Tech TalksBy Tom Hall


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