Month: October 2017

The Various Roles of Mortgage Brokers in New Zealand

The casual observer may believe that one mortgage broker performs the same role as another in the New Zealand context, but this is not so. Mortgage brokers in Hawke’s Bay have divided themselves into different categories, and they serve different markets and they most certainly carry out their service in different ways.

This article looks at the residential market and the different treatment that is given by different categories of mortgage brokers.

In many respects there are basically two groups of mortgage brokers Bay of Plenty. One group comprising a small number of very large mortgage broking companies that are processing a large number of mortgages and are getting most of their leads from the Internet. This group has invested a very significant sum of money in their digital marketing capability, fundamentally to make certain that they are ranking very highly for common Google search terms relating to mortgage brokers. They have also invested heavily in their website to make certain that there is a high rate of conversion, meaning a high percentage of visitors to their website and up by contacting them..

While this initial upfront investment can be very substantial indeed, the Executives making the decision for this investment are obviously very well aware of the almost unbelievable business case. The truth is that Internet search is growing almost exponentially across all markets for all products, and the customers doing the same thing almost always choose those websites that rank in the first two or three on page one. What this means in effect is that a company who has their website ranking number one will be attracting at least 100x more Internet based business then companies that are stranded on page 2 or beyond. While the investment required in SEO can be massive, the financial Rewards can be almost unbelievable if the company gets ranked #1 or #2.

Typically these large companies get so much incoming business that they use low level admin staff to screen the callers, so that only the customer’s absolutely certain to get a mortgage are passed through to a broker for service.

The second group of brokers or everyone else who was not on page 1, and these will generally be small brokerages or individuals operating independently. The main financial benefit for these brokers is that they do not have to pay any franchise fees or commissions, but the disadvantages that they will have to work very hard for new business in most cases. There are a lot of successful brokers out there who have built up a very good network of real estate agents and property developers etc, and they should be getting a lot of referral business and repeat business. In fact referrals and repeat business is generally the main way that all the second group of brokers find their new business.

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Safety On A Building Work Site

It is the responsibility of the team leader on any building site to make sure that the site and all the workers are safe. The obvious impact of this to the casual observer is the erection of barrier fencing around the perimeter of the worksite, and the erection of scaffolding around the perimeter of the new building.

Less obvious is the safety steps that are taken all the time by the team leader. These will include a team meeting at the start of each working day at which there will be an honest discussion about all potential safety hazards, and how the workers should deal with these hazards. This is a complete change from the previous culture where workers were encouraged to just get on and do it, and to not appear to be weak or fearful on the job.

Old style builders Dunedin who are now retired are often highly critical of the nanny state and it’s impact on building sites, but these builders are now often nursing lifelong injuries from falls, and many of them are missing digits or even limbs from serious accidents during their career. It is quite common amongst a social group of retired builders for there to be at least one or two of the Party with missing digits or limbs, or with injuries that cause them to limp badly.

The safety practices on a modern building site are wrapped around keeping unsafe individuals off the site, and making sure those on the site are safe from the obvious accidents like falls  or collisions with unsafe materials and structures. The barrier fencing and scaffolding is the most obvious example of safety practices, but the modern equipment used on site is also very heavily focused on worker safety. The best example is the modern drop saw, which makes it very difficult for the worker to injure themselves plus makes it very easy to produce very accurate work.

The modern nail gun can also be very unsafe if used incorrectly, and the builder needs to be very clear in their instructions to the workers on the safety steps that are needed. Everybody on the site needs to understand that a nail gun is fully capable of firing a nail right through the timber and hitting any object on the other side, and hence all workers need to know the steps to take to make sure they are safe while a nail  gun is being used. The Builder using the nail gun also needs to make certain they are using the right nail and the right strength of charge for  driving in the nail.

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