Last month we held a contest for our mortgage broker customers because we wanted to know… Why do you PurView? 435 mortgage brokers told us how they use the platform to optimize their business. Of these 435 entries, we selected five winners, one of which is Don Barr!
We spoke to Don recently to discuss his business, why he got into the industry and how PurView helps him differentiate himself from the competition.
Here’s what he told us!
Q: Tell us a little bit about yourself, your role and how long you’ve worked in the industry?
A: I have been in the mortgage brokerage business for over thirty years. I am president and designated individual for Select Mortgage with eleven branches and 77 amazing staff on Vancouver Island and Lower Mainland.
Q: Why did you choose to become a mortgage broker?
A: I recognized that customer service from financial institutions often left a lot to be desired. In addition, borrowers would typically not approach more than one lender and were unaware of other alternatives from competing lenders. The growth of the mortgage industry over the last three decades has confirmed this.
Q: Why do you PurView?
A: Much of my business is placing private mortgages for my investors. When we set up the initial funding of the mortgage, we use full appraisals to verify property valuation. In cases where we renew the mortgage for a further term, PurView is invaluable in ascertaining certain valuations without the cost, time and inconvenience of ordering a second full appraisal. Additionally, I do a personal drive-by of the property in question, the PurView report helps me confirm the current market valuation while the drive-by helps confirm that the property is still in good condition.
Q: How does PurView give you a critical edge over the competition?
A: PurView gives me instant access to property valuations which is invaluable.