Completing mortgage cases through a firm's online decisions system is worth as much £35,000 a year to intermediaries, argues GMAC-RFC.
Based on its own online tools, GMAC believes the overall benefit of submitting 10 cases a month through its online binding decisions tool is seven times the actual remuneration earned from completing those cases. Details of the mortgage lender’s calculation suggest the financial benefits of completing 10 cases, with assumed procuration fee of £500 per case, are visible as: More customers sign up on day one –worth £6,000 Approximately two hours of admin time is saved per case – worth £14,000 Freed-up time leads to more sales – worth £6,000 More cases completed - £9,000 More specif...
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