
HIPs
From a business point of view, a mortgage broker would be foolish not to offer HIPs. Firstly, any activity that leads to solving a customer problem will enhance the business relationship between the broker and customer. I could waffle on about the research that proves the more products a customer buys from one company the more likely they are to make further purchases from that company, but it is stating the obvious really. Secondly, if a firm arranges the HIP they are at the forefront of client thinking when it comes to a mortgage for the next property. Finally, and equally importantly there is an income stream from the sale of a HIP. Sure, it might not be as large as a mortgage procuration fee, but it is significant.
We have formed relationships for you with three great HIP product providers.
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eHips