5 Ways How Outsourcing Can Help You Through the Mortgage Slowdown and Beyond

Released on: November 15, 2007, 1:30 pm

Press Release Author: Richard Eldridge

Industry: Small Business

Press Release Summary: Outsourcing strategies such as Infinit-O\'s Dedicated
Operating Team or DOT allows a great degree of flexibility that will allow any
mortgage company to allocate 100% focus on all aspects of their business.

Press Release Body: Makati, Philippines - Most mortgage companies are still feeling
the brunt of the mortgage implosion a couple of months back. It seems that for most
players in the industry, it is a choice between \"playing it safe and wait until
things get better\" or \"close down shop and move somewhere else\". The mortgage
industry may still be reeling in the slowdown, but there are other options .

Here are some ways how outsourcing can help you stay ahead at these times and
position yourself for a better market condition.


1. Outsourcing boosts your profits.

As with most industries, cutting costs can mean saving your business. Outsourcing
some of the back office work such as processing, quality support and clerical or
analysis functions can reduce your manpower costs by an average of 40 percent. If
you factor in other overhead costs such as office space and utilities, the savings
will simply be bigger. It doesn\'t mean however that you should go out and look for
the cheapest outsourcing provider as they will reduce your cost the most.

Many companies get burned with outsourcing deals simply because they chose to stick
with the cheapest deals instead of those that can provide the best value and
service. The bottomline is to increase your return of investment and focusing
single-mindedly on reducing costs will doom your outsourcing endeavors from the
start.

2. Outsourcing increases your productivity.

There are those who say that outsourcing may save you some money, but will lead to a
loss in productivity. This may be true in some cases as a number of companies suffer
losses in the transition stage. However, as a number of outsourcing providers and
clients can testify, if outsourcing is done properly it will lead to an increase in
productivity.

From Infinit-O\'s experience with its clients, an average of 30% increase in
production and service levels are observed. Besides Infinit-O\'s unique brand of
managing outsourcing partnerships, the increase is attributed to the client\'s
mindset and approach towards outsourcing.

Most of Infinit-O\'s clients re-invest the savings that they get from reduced
operational cost to increase their capacity. For example, an average loans processor
in the US who can process 20 loans a month earn US$ 4,000.00 a month. By
outsourcing, you will spend the same amount to maintain 2 loans processors who can
process 20 loans each, doubling your capacity at no additional cost! This would
especially be true if you have assessed that your processes are ready for
outsourcing, and outsourcing companies like Infinit-O will gladly help you figure
that out at no cost.

In the next article, I will discuss the other three ways on how outsourcing can help
your business.


For more information visit www.infinit-o.com

CONTACT DETAILS
Infinit Outsourcing, Inc.
2/F ALPAP Building
140 LP Leviste Street
Salcedo Village, Makati City
1227 Philippines

Richard Eldridge
(866) 727 2504
richard.eldridge@infinit-o.com


Web Site: http://www.infinit-o.com/

Contact Details: Richard Eldridge
(866) 727 2504
richard.eldridge@infinit-o.com

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