The EOFY checklist to provide client value

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With the end of the financial year (EOFY) approaching, now is the time to spend some time undertaking strategic planning and admin housekeeping. Here’s the top five tasks that brokers should focus on to ensure a smooth transition into the new fiscal year:

1. Review client mortgages:

Assess each client’s mortgage, identify opportunities for refinancing, and look for ways to optimise loan features that could save the client money. Communicate these potential savings or improvements to the client to reinforce your value and strengthen relationships.

2. Update client records:

Regulatory compliance aside, having complete, accurate records allows efficiency during the application process. Hound’s platform makes updating client information easy, saving you time so you can get on with the more important tasks.

3. Compliance and reporting:

Staying on top of regulatory requirements is paramount. The end of the financial year is an ideal time to look at relevant sites such as and follow Industry bodies like the Mortgage & Finance Association of Australia (MFAA) on LinkedIn to stay up to date with changes.

4. Business expense review:

From a business perspective, brokers should assess their own tax-deductible expenses, such as professional development costs, subscriptions and office supplies, before June 30.

5. Plan for the new year:

EOFY is an ideal time to set goals and strategies for your business. Set yourself up for success in the new financial year by enrolling in educational courses to enhance your skills, and investing in technology like Hound to streamline your operations. These strategic moves will put you in the best position at the start of the fiscal new year.

Start the fiscal new year with a focus on the future – speak to us today.

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