GMAC-RFC reports that its online system POSD is helping intermediaries spend more time making their businesses more efficient.
Research by the lender found that intermediaries on average reported that POSD saved two hours administration per case.
For 30% of broker, the most popular way to spend that extra time in their working day is to improve their work/life balance.
However, 27% pursue or develop extra business suggesting some people stay purely focused on business success.
23% preferred to use the time catching up on admin, 3% made more sales calls and 5% use the time to play more golf.
Jeff Knight, head of marketing services at GMAC-RFC, says: “Its very interesting to know how brokers spend any extra time in their working day. Since regulation time-poor intermediaries have to cope with more administration than ever.
“Fortunately POSD saves a broker on average two hours per case and this research clearly shows that our online system frees up their time which brokers can use productively elsewhere. In fact, our on-line system gives brokers eight days a week.”