Over the past five years, the mortgage market has experienced huge pressures, from the pandemic to the cost-of-living crisis and rising rates.
The industry’s attitude to mental health and wellbeing has also changed dramatically over the same period. The focus has rightly been on brokers, who have been on the front line dealing with many of their customers’ concerns.
But administrators face many of the same pressures, often with less visibility. Like brokers, they juggle heavy caseloads, tight deadlines and high customer expectations. They’re usually the ones fielding calls from stressed-out borrowers, chasing lenders and solicitors, and trying to make sure cases progress.
In Mortgage Solutions’ recent Mortgage Administrator Online Event, sponsored by Pepper Money, one administrator admitted: “It can be a high-pressure environment where you feel pulled in every direction. And because people see it as a ‘back-office’ job, they forget the stress it carries.”
Pepper Money has long championed administrators, and we think it’s time to widen the mental health conversation to include them.
Below are five practical ways they can better manage their workload and protect their work/life balance.