Determine client mortgage eligibility before you even get to the paperwork. Save time and improve the chances of successful deals.
The only lead finding platform for Canadian mortgage brokers
Broker Scout is the fastest innovating platform for mortgage brokers looking to find more deals, save time and increase profitability. When a broker presents a mortgage to a client, it's important to know whether the client will actually qualify for it, otherwise, what's the point? Broker Scout offers not one, but two calculators that help with this assessment! By using these calculators, mortgage brokers can quickly determine if their clients are eligible for the mortgage they are presenting and can identify any potential issues with their clients' financial situation.
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Trust Broker Scout to compliment your mortgage origination system and be your go-to tool for success in the mortgage industry.
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How it Works
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To save time, mortgage brokers need to know if clients are eligible for their desired mortgage. Broker Scout offers two calculators for this:
The Income Requirement Calculator
The Max Loan Calculator
The Income Requirement Calculator compares a property value to the current mortgage balance and calculates the required income at the maximum Gross Debt Service (GDS) Ratio threshold of 39%.
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The Max Loan Calculator uses a client's current gross income to compute the highest mortgage amount they can qualify for at the maximum GDS threshold.
What else does Broker Scout Do?
Broker Scout monitors your full mortgage portfolio with automated alerts and provides you with valuable insights that you can't get elsewhere. Enter your clients' mortgage details to compare options in real-time and save them for future reference. Add informed value and save your clients money during your next conversation. Broker Scout also keeps an eye on your saved mortgages, looking out for refinancing opportunities and changes in your clients' circumstances, so you can always stay on top of their needs, even before they know they have a need.
Enter mortgage details individually as they come in or upload your full portfolio at once
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Start at the dashboard. Broker Scout allows brokers to evaluate what-if scenarios for speculative rate changes, against your entire book of business all at once.
Add tags for easy filtering
Zoom in to see your leads.
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We're constantly monitoring and analyzing your saved mortgages to find profitable refinancing opportunities
Zoom in further to see the details page - check out all the tabs - so much juicy info!
Running what/if analysis shows clients that brokers are looking out for their best interests, building trust, increasing loyalty, and boosting the chances of repeat business and referrals in a competitive market.
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"For years, we wasted countless hours and resources trying to manually calculate penalties and client savings to find refinance opportunities from our database. Broker Scout automatically does the time-consuming math for us daily and sends us a list of leads so we can focus on closing deals. Whether you are a new or experienced broker, Broker Scout will make you more money."
~ Matt Parker
Smith Manoeuvre Certified Mortgage Professional
The Matt Parker Group
"Broker Scout is an incredible tool for Mortgage Brokers to serve their database actively. The analytics that they provide allows you to look for opportunities to grow your business and, more importantly, enable you to serve your database better and differentiate yourself compared to the banks and other brokers. If you are a Mortgage Broker who is passionate about serving and providing value to your clients, then an investment in Broker Scout is a must, in my opinion."
~ Craig Vetter
Vetter Consulting
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Mortgage brokers can save time and provide a very professional service to their clients with Broker Scout's Income Requirement and Max Loan calculators. Check if your clients are eligible for a mortgage and help spot potential financial issues that could get in the way of your clients getting the mortgage they want.
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Make recommendations to help your clients improve their eligibility and increase their chances of getting that sought after mortgage.
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