Artificial Intelligence has revolutionised every industry. However, many mortgage brokers still spend hours handling paperwork, composing letters, creating content, and even developing marketing plans.
So, to all of our Mortgage Broker friends, we’ve compiled a list of AI Tools that can help you reduce your work stress and save millions of dollars and hours.
Here are a few tools that you may have skipped and can consider to be very helpful.
AI for Content and Communication
Chat GPT
The one that makes headlines and starts the hype around AI! It remains an excellent tool for speeding up thinking and assisting with daily activities.
Bard- Google
Google’s answer to ChatGPT is a very powerful instrument. One benefit of ChatGPT is that it uses real-time data, whereas ChatGPT is only able to use data through 2021 (as of this writing), so you might receive better answers.
Bard will be more useful for compliance purposes.
Copy. AI
Creating content has never been so simple.
Copy.ai offers a variety of suggestions and guidelines to assist you in producing material fast and efficiently. You can use it to create anything, from lengthy web pages to social media posts about the newest mortgage trends in the UK.
Additionally, it will assist you in repurposing blogs or lengthy content for social media and email.
Grammarly
Grammarly has been around for a while, and you may be familiar with it, but recent developments in AI have helped it reach new heights. It was originally developed to aid with spelling and grammar in emails and documents, but it is now used to help with writing copy, including tone and style improvement.
It works nicely with common place programmes like Word and Google Docs and is straightforward to use
AI Tools for Business Efficiency
PDF.AI
You may “chat” with documents using pdf.ai, scanning and comprehending the important details easily. This could be the terms and conditions of a loan, an annual report and accounting from a corporation, or a client report.
Could you imagine typing “What are the terms of early exit?”? into the T&Cs of a lender. You won’t need to search the document to discover them because it will summarise them quickly and simply.
Fireflies.AI
Does every meeting and phone call require transcription, summarization, and analysis? Not to worry, this is the right tool for you. Taking notes has never been easy, but artificial intelligence has now entered the fray to help.
This tool helps you record, transcribe, and search meeting notes. It also connects with Zoom, Teams, and Google Meet. When it comes to following up on client meetings, it might save a tonne of time.
Taskade
Thinking about how to increase the productivity of your company?
Taskade leverages AI to support the creation of projects, task lists, and processes. Excellent for outlining procedures and making sure the group follows the correct procedure to avoid any mistakes.
Task Capture By UIPATH
Whether it’s for process improvement or training. Using a sourcing system or creating a client record in your CRM are two examples of processes that you may record online with Task Capture. From these recordings, it will automatically generate process maps and instructions so that everyone works according to the same procedure.
It all comes down to constancy! No more experimenting with methods that lead to problems for the company!
Mailerlite
A less expensive option to MailChimp for email newsletters is Mailerlite. Not to mention that it’s a very user-friendly product that you could use daily for your mortgage business, it’s free for the first 1000 subscribers.
It enables you to add mortgage lead generation forms to your website, set up A/B testing, and quickly create stunning emails.
10bii Financial Calculator
With over 105 distinct operations, the 10bii Financial Calculator is a strong and adaptable tool for financial calculations.
An essential productivity tool for investors and mortgage brokers! It can be used to compute amortisation schedules, compute yields on mortgage notes, and much more.
SALES PRODUCTIVITY
PandaDoc
By decreasing the amount of time you currently spend preparing content proposals, one-pagers, quotations, contracts, etc., and sending them to your clients over the cloud, PandaDoc will help mortgage brokers enhance sales productivity.
Conclusion
You should exercise extra caution when using AI to make judgments that affect the results for your clients and when it comes to data privacy.
Before implementing AI, it’s crucial to assess how applicable it is to your use case. You might also want to think about creating an AI usage policy that your coworkers can access and comprehend.