Bookkeeping for brokers blog

Top 10 KPIs Every Mortgage Broker Must Track for Success
June 12, 2024
Broker Basics

Top 10 KPIs Every Mortgage Broker Must Track for Success

Discover the top 10 KPIs every loan officer must track to boost productivity and profitability. Learn how to monitor key metrics like Loan Compensation, Total Loan Amount Funded, and more to drive success in your brokerage.

How to Set Up QuickBooks Online for Mortgage Brokers: A Step-By-Step Guide
September 20, 2024
Broker Basics

How to Set Up QuickBooks Online for Mortgage Brokers: A Step-By-Step Guide

Set up QuickBooks Online for mortgage brokers with a custom chart of accounts, automated bank feeds, and transaction rules for streamlined bookkeeping. Simplify tracking commissions, origination costs, and compliance expenses.

The Top 7 Tax Deductions Mortgage Brokers Should Know to Maximize Profits
September 18, 2024
Broker Basics

The Top 7 Tax Deductions Mortgage Brokers Should Know to Maximize Profits

Discover the top 7 tax deductions for mortgage brokers to reduce taxable income and boost profits. Key deductions include home office, equipment, and marketing expenses. Maximize savings with these essential tax tips.

Top 10 KPIs Every Mortgage Broker Must Track for Success
June 12, 2024
Broker Basics

Top 10 KPIs Every Mortgage Broker Must Track for Success

Discover the top 10 KPIs every loan officer must track to boost productivity and profitability. Learn how to monitor key metrics like Loan Compensation, Total Loan Amount Funded, and more to drive success in your brokerage.

Comparing Broker Compensation Styles: Best Practices for Loan Officer Packages
June 11, 2024
Broker Basics

Comparing Broker Compensation Styles: Best Practices for Loan Officer Packages

Compare broker compensation styles for loan officers and learn best practices for flat fees, high percentage payouts, and variable commissions in the mortgage industry.

The Best Accounting Software for Mortgage Brokers in 2024
June 10, 2024
Broker Basics

The Best Accounting Software for Mortgage Brokers in 2024

Discover the top accounting software for mortgage brokers in 2024: QuickBooks, Xero, FreshBooks, Zoho Books, and Wave. Streamline your finances and grow your brokerage.

How to Easily Build a Branch P&L Model in Your Mortgage Brokerage
June 7, 2024
Broker Basics

How to Easily Build a Branch P&L Model in Your Mortgage Brokerage

Discover how mortgage brokers can enhance financial management with a Branch P&L model. Learn essential steps to create branch-specific financial statements, driving transparency, accountability, and strategic growth.

Mastering Mortgage Brokerage Costs: A Guide to Fixed and Variable Expenses
June 6, 2024
Broker Basics

Mastering Mortgage Brokerage Costs: A Guide to Fixed and Variable Expenses

Learn the difference between fixed and variable costs in mortgage brokerage. Discover strategies to manage expenses, enhance profitability, and ensure sustainable growth.

How to Calculate Loan Officer Commission for Mortgage Brokers
June 5, 2024
Broker Basics

How to Calculate Loan Officer Commission for Mortgage Brokers

Learn how to calculate loan officer commissions using basis points and percentages. Understand industry standard rates and the importance of clear compensation agreements.

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