The Best Type of Virtual Assistant for Loan Companies
If there’s one business that needs constant administrative support, it’s a loan company. There are a lot of steps involved in the process of giving out loans that, if done incorrectly, could end up costing a lot of money to a loan business. It’s important to understand that a loan company does not operate the same way as a bank. This is because they don’t safeguard money, rather they solely focus on lending it to clients. As a result, they need to have the right team to insure all aspects of the business work together. One way to achieve this is by hiring a virtual assistant for loan companies, and in this blog we will tell you why.
Importance of Virtual Assistants
Virtual assistants are remote workers that help keep a business organized and productive. Most virtual assistants aren’t based in the country where the business they work for is located, making this convenient for one very important reason: money. Virtual assistants who are based outside the US can save entrepreneurs up to 70% on expenses compared to ones based inside. This is why business owners around the world are choosing to hire talent from places like Latin America or Asia.
How to know if a Virtual Assistant is right for my industry
This is a common question with a positive answer for most business owners. Virtual assistants can work for any industry; it is simply up to you to choose from the different types of VA’s in the market. There are three categories of virtual assistants: general assistant, marketing expert, and social media manager. They are very similar but can perform different types of tasks for a business. The best type of virtual assistant for loan companies is a general assistant. Here’s why.
Tasks Performed By a Virtual Assistant for Loan Companies
A virtual assistant for loan companies is a proactive worker with knowledge of finances and economics. They can perform any administrative task and they have a skillset similar to that of an executive assistant. Of course, the tasks assigned to a VA is a decision made by the contractor. Here we’ll give you some examples of tasks you can delegate to one of our talented VA’s.
Sales Tasks
Loan companies need enough clients to survive in this competitive industry. There are 15,230 loan broker businesses in the US as of 2022—an increase of 6% from 2021. All loan businesses compete by offering the most appealing deals to their customers. Also, they stand out depending on the sales strategy they implement in order to attract new clients.
A virtual assistant for loan companies can execute any sales strategy you have for your business. Cold calling and lead generation are two sales tasks that bring great results to loan companies. Since both of these are time-consuming, the best choice a loan broker can make is to delegate them. When you decide to delegate tasks to a virtual assistant, you’ll create more time to focus on growing your business by doing the things that need you the most.
Administrative Tasks
Organization is the key to success for any business, especially when you’re lending money. You need to run background checks on your clients, keep records of financial transactions, fill out paperwork, and other administrative tasks that are essential to keeping a loan company on its feet.
A virtual assistant for loan companies can take care of all your administrative tasks, providing you with the best quality work and delivering results that you’ll notice soon after hiring one.
If you’re ready to begin working with a VA, we can guarantee There Is Talent is your best choice. We have the best talent from Colombia that works in the same time zone as the US, with affordable prices and great personalities who are always willing to help you and your business grow.
Keep in Mind When Hiring a Virtual Assistant for Loan Companies
Most VA’s out there are professionals with a certain degree of experience and knowledge that help entrepreneurs with time-consuming tasks. You can find virtual assistants on sites like Fiverr or Upwork at a cost ranging anywhere from $8 to $200 USD.
At There Is Talent, we have a great team of VA’s who are always willing to learn, which is why we recommend every client provide them training. Take into account your VA’s learning process and prepare it according to your company’s strategies.
If you want to learn more about what a virtual assistant can do, book your strategy call now!
