The team at Trophy Point found the onboarding process to be very helpful. As they were setting up their company on the platform, they had to answer questions that made them realize that there were many important things they weren’t doing. The setup process helped formalize their operations and turn it from a hobby into a real business.
In the past, when meeting with investors, Trophy Point would show their spreadsheets, which worked fine at the time. However, once they had their operations running on the Mortgage Automator system, they noticed the difference it made.
“Showing them a real system that looks spiffy, is responsive, easy to search, it does wonders for building credibility with investors”, Nicholas told us. “One feature that our investors love is the map feature that allows them to see all the deals we have in progress, funded, or paid off in a geographic spread. For us, it is really helpful because we lend in about 20 states, so you can see little dots of different colors showing where we’ve lent. People love seeing that; it shows them that we really are a legitimate company and we’re doing real business across the country.”
Before adopting the software, the team at Trophy Point could only manage up to 30 deals at a time, operating to the point of exhaustion. Using Mortgage Automator, they only have to deal with a tenth of their previous workload. They can now allocate more time to the other parts of the business, including raising more capital and growing exponentially.