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RPO, or Recruitment Process Outsourcing, is the practice of hiring a third-party service provider to manage all or part of your recruitment or hiring operations. It is a form of BPO or business process outsourcing that falls under HR outsourcing, and focuses on recruitment with the goal of improving hiring outcomes.
When one talks about RPO, the process encompasses a broad range of tasks or services, including sourcing, screening, interviewing, assessing, and hiring of applicants. The goal is to identify key candidates from a wide pool of applicants that meet the minimum requirements set by a client or employer, moving from one step of the hiring process to the next as quickly as possible to fill positions quickly and efficiently.
With the average cost of a bad hire at $15,000 to $17,000 on average, businesses are pressured to make the best hiring decisions while accelerating their time-to-hire. However, recruitment is a process that requires many resources, expertise, and industry knowledge, which many organizations have limited access to. This helped fuel the increased demand for RPO or recruitment services, with an impressive 16.1% compound annual growth rate or CAGR, much higher than the overall CAGR of the global BPO industry at 9.6%.
RPO companies act as recruiters for companies, bringing their recruitment process outsourcing industry expertise, providing efficiency and flexibility, and most importantly, improving hiring outcomes with specialized HR staffing solutions. While the recruitment process can be as detailed as can be, below are the main tasks and roles that an RPO company performs for its clients or partner companies.
The primary reason why people love outsourcing recruitment to the Philippines is for cost savings. The country has significantly lower labor costs than developed countries like the United States, United Kingdom, and Australia. By leveraging this, companies can reduce operational costs by up to 70%, allowing them to maximize their return on investment.
Speaking of developed countries, the US, UK, and AU are English-speaking countries. This means that they prefer to outsource to other countries that speak their language for easier communication and better collaboration. As the third largest English-speaking nation in the world, with the second best English comprehension in all of Asia, the Philippines is easily a top choice when choosing RPO companies to work with.
And did we mention that the Philippines has a 97% literacy rate? That’s much higher than the global literacy rate of 87.36%, meaning there’s a large pool of skilled workers in the country with different skills and expertise. By outsourcing to the Philippines, global companies get the opportunity to access specialized talent like recruitment, enhancing their operations and improving hiring outcomes.
Another reason why companies love Philippine RPO companies is because the Philippines has a long history of providing best-in-class outsourcing services. With a long history of outsourcing in the Philippines, companies have more confidence in outsourcing.
When weighing the pros and cons of outsourcing HR and evaluating outsourcing partners in the Philippines , many global companies come to the conclusion that having expert recruitment firms handle their hiring operations is the best choice.
But with over 800 BPO companies in the Philippines, one can easily get lost when finding the right partner to handle their recruitment needs. For those wondering about how to outsource HR services to the Philippines, we’re here to help you. We’ve compiled a list of the top ten RPO companies in the Philippines so you can choose the perfect RPO company that meets your needs!
KDCI Outsourcing, established in 2011, is a versatile BPO company based in the Philippines, offering an array of BPO services, including creative design, marketing, and back-office support.
As one of the top recruitment process outsourcing companies in the Philippines, their recruitment outsourcing services streamline the entire recruitment process, handling everything from job marketing and applicant tracking to interview coordination and onboarding support. This outsourcing provider primarily serves SMEs and large enterprises across diverse sectors like e-commerce, finance, healthcare, and technology, seeking efficient and cost-effective recruitment solutions.
Founded in 2008, PSG Global Solutions has made a name for itself as a prominent RPO provider in the Philippines, specializing in high-quality recruitment process outsourcing services for businesses worldwide. Their end-to-end RPO services include talent sourcing, candidate screening, interview scheduling, and compliance management, all enhanced by advanced technologies and data-driven strategies. The RPO provider targets multinational companies and staffing agencies across various sectors, such as IT, healthcare, finance, and engineering, providing scalable and efficient recruitment outsourcing solutions.
Asia Select, a trusted HR solutions provider since 1997, is renowned for its expertise in executive search and talent management in the Philippines. Offering comprehensive RPO services, Asia Select manages the entire recruitment lifecycle, from talent acquisition and candidate engagement to onboarding, leveraging extensive industry knowledge and networks to find the best candidates. Their recruitment process outsourcing services cater to organizations of all sizes, particularly in the banking, finance, manufacturing, and retail sectors, seeking specialized and executive-level talent.
Established in 2000, Q2 HR Solutions is a leading HR and recruitment solutions provider known for innovative HR practices and a client-centric approach. Their tailored RPO services include workforce planning, talent sourcing, recruitment administration, and employee onboarding, all designed to improve hiring efficiency and reduce recruitment costs. The RPO company serves local and international companies in various industries, such as healthcare, IT, BPO, and retail, that are looking for effective recruitment strategies and workforce solutions.
Sysgen RPO, founded in 1991, specializes in IT and engineering talent acquisition in the Philippines. Their comprehensive RPO services cover job posting, candidate sourcing, resume screening, interview coordination, and background checks, focusing on delivering top-tier technical talent to their clients. The primary target market of this recruitment process outsourcing company includes IT and engineering firms, both locally and internationally, seeking specialized technical talent and efficient recruitment processes.
24-Hour HR Process Outsourcing is known for quick and efficient HR services in the Philippines. Their recruitment process outsourcing services include 24/7 recruitment support, candidate sourcing, interview scheduling, and onboarding assistance, emphasizing speed and efficiency to meet urgent hiring needs. Their offerings cater to businesses of all sizes across various industries, particularly those with high-volume recruitment needs and tight hiring timelines.
RPO Plus stands out as a Philippine-based RPO firm known for its client-focused approach and customized recruitment solutions. Offering a wide range of RPO solutions, including talent sourcing, candidate engagement, recruitment marketing, and onboarding support, they tailor their BPO services to meet specific recruitment needs. The recruitment outsourcing company serves small to large enterprises across different sectors, including IT, healthcare, finance, and manufacturing, looking for personalized and efficient recruitment solutions.
RPO Philippines is dedicated to offering high-quality analytics, marketing management, social media management, SEO, web development, and recruitment services in the country. Their RPO services focus on delivering customized recruitment solutions that meet the unique needs of their clients, who are looking for effective recruitment strategies and best practices to supercharge their business.
ANS RPO Solutions, a Philippine-based company, is recognized for its expertise in recruitment and talent acquisition. Providing comprehensive RPO services such as talent sourcing, candidate screening, interview management, and onboarding, this outsourcing provider uses advanced recruitment technologies and methodologies to enhance the hiring process. They cater to local and international companies across different industries seeking efficient and effective recruitment solutions.
InCorp Global Talent Solutions, originally known as KC Global Talent Solutions, is a leading RPO provider in the Philippines. This outsourcing provider offers a comprehensive range of recruitment and HR consulting services, including executive search, payroll processing, and staff leasing. Their end-to-end RPO services encompass job marketing, talent sourcing, candidate screening, interview scheduling, and onboarding support, ensuring a streamlined hiring process. This RPO service company caters to various industries, such as IT, finance, healthcare, and engineering, providing tailored and efficient recruitment solutions for both local and international clients.
With numerous recruitment process outsourcing benefits, it’s no wonder RPO is one of the fastest-growing segments in the global BPO market. Due to the rising cost of bad hires and global staffing shortages, companies are pressed to find great people that fit their roles to maximize engagement and productivity while minimizing turnover. That's why working with a reliable RPO partner is the most efficient and cost-effective solution.
At KDCI Outsourcing, we understand the role of recruitment in the overall operations of organizations. That’s why we built our foundations on strong recruitment, using hiring best practices to source, hire, and train the best people to support global brands. Interested in recruitment process outsourcing in the Philippines? We’ll build you an offshore team of recruitment specialists with the experience and skills you need.
Learn more about the benefits of RPO and HR outsourcing services. Contact us today!
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According to the Philippine Statistics Authority (PSA) — as cited in the Technical Education and Skills Development Authority’s (TESDA) “Labor Market Information” — there are 851 registered BPOs in the Philippines, offering various services like RPO, KPO, and BPO seat leasing among others. As business process outsourcing in the Philippines grows, it can be increasingly difficult for owners of small and medium-sized enterprises (SMEs) like you to find a BPO company that can understand and meet your needs.
In this guide, we’ll walk you through the best BPO companies in the Philippines, selected based on the most common business activities to outsource to the Philippines, specifically customer service, web development, and graphic design.
Customer service is one of the most in-demand functions of small to medium businesses, making it the most commonly outsourced function. For those looking for an offshore customer support team, here are the best BPO companies to consider.
KDCI Outsourcing — a Philippine BPO company based in Ortigas, Pasig — specializes in building a team of offshore customer service agents depending on the unique needs of the business. This Philippine outsourcing company will take care of all your customer support outsourcing needs, from finding, training, and certifying the right talents for your brand, to providing managed operations for quality assurance.
Their main selling point is understanding and catering to your business needs, so they can provide you with the right resources, whether it’s only one customer service agent or a full team — complete with a dedicated account manager who can work at the timezone and support channel of your choice.
We recommend partnering with KDCI Outsourcing if you’re a small to medium-sized enterprise that values flexibility and scalability. They’re also one of the best Philippine BPO companies to partner with in the outsourcing industry if the nature of your business involves having unpredictable customer service demands.
Concentrix is a global BPO company with offices around Metro Manila. With the integration of AI and the latest technologies, their goal is to equip businesses with a game-changing customer journey through their customer experience (CX) solutions.
Here are some of the customer support solutions offered by Concentrix, each designed to deliver an exceptional customer experience:
Concentrix’s customer support services cater more to large enterprises with a large market base and a high volume of customer calls per day. You’ll benefit from partnering with this offshore outsourcing company if you’re, for example, a retail store with multiple branches, a SaaS company with multiple clients, and the like.
ManilaPros is another Philippine outsourcing firm based in Ortigas, Pasig. Their main offerings center on providing five-star customer care for retailers. They are a full-service company, so after assessing your customer service needs, they’ll be the ones to find the right talents and provide on-brand training and certification for qualified agents.
This BPO firm will also provide you with a dedicated account manager who will oversee your customer service operations and ensure that quality standards are met. Most importantly, they offer valuable insights to help you improve not only your customer service but also your products and/or services.
You should partner with ManilaPros if you’re a retailer who wants to free up time and resources but still meet your customer service demands. We highly recommend this BPO provider for risk-averse brands as they offer a 14-day money-back guarantee.
Web development and general IT-related services are also commonly outsourced to the Philippines, especially by businesses needing a strong online presence. Below are the top Philippine BPO companies you should consider when outsourcing your web development needs.
Sourcefit, a Philippine outsourcing company based in Quezon City, offers web development outsourcing services. They can provide experienced web developers, whether it’s for one project or a fully dedicated offshore team.
By partnering with this BPO firm, you can work with developers who are knowledgeable in multiple programming languages, including but not limited to Java, PHP, ASP, and Ruby. They will also be the ones to provide the staff with the necessary tools and applications.
Sourcefit is one of the best outsourcing companies if you want a scalable web development team in the Philippines since the outsourcing firm offers both hourly and monthly rates, with the amount depending on the level of expertise you need.
Outsourced, located in Quezon City, specializes in hiring a full-time and dedicated team of offshore staff for businesses. They can provide you with full-time web developers who can either be home-based or office-based, depending on your requirements.
Some of the capabilities of Outsourced’s web developers include being able to build and program a functional website while maintaining a cost-effective service. This Philippine outsourcing company will be a good fit for businesses with long-term web development needs since the company only provides a full team.
KDCI Outsourcing, with its custom outsourcing solutions, can build a team of web developers for you. Depending on your business needs, they can cater to both project-based and long-term contracts.
With KDCI Outsourcing, you can take advantage of the company’s web development services, such as front-end development, WordPress development, and website maintenance and administration.
Considering its diversity, you can expect a more nuanced web development outsourcing service, covering everything from design, development, hosting, and overall maintenance of a fully functioning, secure, and effective website.
Businesses with custom web development needs will benefit the most from partnering with KDCI Outsourcing.
When looking for a BPO company that specializes in graphic design, you have to be more particular since you have to ensure that their designs are consistent with your brand. Here are some of the top-rated graphic design firms in the Philippines.
BruntWork, a Makati-based BPO firm, offers a wide range of graphic design solutions, including designs for logos, brochures, packaging, business cards, illustrations, and social media.
With expertise in advanced graphic design tools like Adobe Photoshop, Figma, Procreate, and Canva, their designers are capable of catering to small to big projects. The outsourcing firm also guarantees ongoing support and maintenance to ensure that your expectations are met.
By working with BruntWork, you’ll get access to a large pool of graphic designers in their team. You are free to choose a specific designer for your project, depending on their portfolio and fortes.
With a history of providing graphic design services for famous brands like Adidas, Tiffany & Co., and Dell, KDCI Outsourcing is one of the most trusted BPO companies for hiring the best graphic designers. They also offer comprehensive design services in the Philippines. Apart from graphic design, KDCI Outsourcing also specializes in multimedia, presentation and print design, UX/UI, and product photo editing.
But what sets KDCI Outsourcing apart is their ability to customize outsourcing services based on your unique requirements. You can trust them to find you a highly capable designer or build you a team of designers. Businesses that experience changing business objectives or fluctuating design demands should consider working with KDCI Outsourcing.
Qadra Studio is a BPO company located in Muntinlupa. They specialize in providing web design and graphic design outsourcing services.
For graphic design, they offer services for flyers, newsletters, social media posts, brochures, web images, t-shirts, and more. This versatility, along with Qadra’s focus on branding, makes them a perfect fit for e-commerce stores that want to maximize their online presence.
As the world becomes more digital, there’s been an increase in demand for e-commerce services, with more and more companies looking to the BPO industry to outsource e-commerce operations like product information management, product photo editing, and product copywriting. Below are our top Philippine BPO companies for e-commerce outsourcing.
KDCI Outsourcing offers a wide range of targeted e-commerce services, including product information management, content moderation, graphic design, customer support, and back-office solutions.
KDCI Outsourcing’s strength lies in their ability to build offshore e-commerce operations teams that fit the client’s unique requirements to enhance online presence and streamline operations.
With a portfolio of successful e-commerce projects that focus on graphic design, digital marketing, and back-office support, this offshore outsourcing company is an ideal choice for e-commerce businesses looking to enhance their online presence and streamline operations.
Invensis is a distinguished BPO company with over 23 years of experience in e-commerce support services. The company specializes in supporting back-office needs for order processing, product data entry, customer support, photo editing, catalog management, and accounting.
The hallmark of Invensis lies in their ability to customize services to perfectly suit the distinctive requirements of e-commerce businesses. This ensures that every in-house process receives the precise enhancements needed for a multifold increase in operational efficiency. The result? A guaranteed boost in sales and more time to dedicate to core activities. All these make Invensis the best BPO company in the Philippines for outsourcing e-commerce support needs.
TaskUs is an outsourcing company offering outsourcing solutions catered towards e-commerce. Some of their services include multilingual customer support, digital marketing, back office management, and content moderation.
They’re a great e-commerce BPO provider because they have a proven track record in delivering exceptional customer support and operational solutions that drive growth and improve customer satisfaction for e-commerce platforms.
When evaluating potential outsourcing partners in the Philippines, you need to consider several factors, such as the quality of service, the company’s reputation, and their ability to support your business objectives. But with so many BPO companies with onshore and offshore options, finding the best BPO in the Philippines to satisfy your needs can be a huge challenge.
To narrow down your options, find a Philippine BPO company that offers flexibility. A flexible partner like KDCI Outsourcing can adapt to your specific needs, offering tailored solutions, no matter the business operation you plan on outsourcing.
At KDCI Outsourcing, we’ll build a custom offshore team that will not only deliver amazing work but also satisfy your specific requirements. We offer a wide range of services, including customer service, digital marketing, graphic design, and more. Contact us to help you power through your business goals!
A mortgage loan processor is a bridge — or a middleman — that connects the borrower, mortgage loan officer, and mortgage underwriter. Without this middleman, loan processing crumbles, causing delays and haphazard document reviews and verification as the loan officer or an in-house staff takes care of the workload. All of which are tedious and require a high level of focus and meticulousness.
By hiring or outsourcing to a loan processor, your loan officer’s day-to-day workload becomes more manageable, improving overall productivity and streamlining a borrower’s mortgage loan application. To help you make an informed decision on your next hiring venture, this article takes a deep dive into the inner workings of a mortgage loan processor. We also included a guide on how to write a mortgage loan processor job description.
Just as a loan mortgage application involves a lot of steps, there are also loan professionals involved in ensuring the success of one’s application. These professionals are the mortgage loan processor, loan officer, and loan underwriter. While all help loan applicants close in on their dream home, let’s learn the different roles of each one below.
A loan officer is a loan applicant’s point of contact. Loan officers boast in-depth knowledge of student loans, mortgage loans, and the like to educate and advise applicants on the best type of loan based on their eligibility, goals, and needs.
They also help individuals get up to speed with their financial institution’s loan application process. In addition, loan officers prepare, gather, and submit all paperwork to a mortgage loan processor.
From income tax returns and W-2 forms to bank statements and asset statements, these documents are concrete proof of an applicant’s financial capacity to repay their mortgage. For new applicants especially, organizing everything can be overwhelming. This is where a mortgage loan processor shines.
Mortgage loan processors assist loan applicants get their paperwork in order, compiling all required documents for the loan underwriter to review. On top of reviewing credit reports, they also assist mortgage applicants in monitoring their application deadlines to avoid late fees.
A loan underwriter has the final say in the loan application process. They meticulously review an applicant’s credit history, financial documents, debt-to-income (DTI) ratio, and cash flows to determine their risk level. Using an underwriting program, a loan underwriter can gauge whether a potential borrower is reliable and financially stable enough to repay their loan in due time. Otherwise, the application will be denied.
Mortgage loan processors mostly handle the meticulous side of the mortgage loan application process, particularly verifying submitted documents, reviewing credit scores, and monitoring deadlines to ensure a successful closing. Here’s an in-depth look at the job responsibilities of a mortgage loan processor:
A borrower’s credit report sheds light on their financial habits. Mortgage loan processors carefully review an applicant’s history of late or missed payments and other financial information. This way, they know whether a borrower can pay their present and future dues on time. If necessary, they can request the applicant to provide a letter of explanation.
This is the primary responsibility of a mortgage loan processor. After the mortgage loan officer hands in an applicant’s financial documents, the loan processor ensures that all the necessary paperwork has been submitted.
Next, the loan processor thoroughly verifies the accuracy of the information provided in the documents, including their social security number, employment status and history, and credit score.
The mortgage processor may also contact the loan applicant to supply missing information, or request a written proof of employment verification from the borrower’s employer — if required by the underwriter.
When appraising a home, the mortgage loan processor works with a professional appraiser to estimate the value of a home based on the property’s condition, size, amenities, location, and many other factors. From here, the appraiser can gauge whether the home’s value matches the loan amount. The loan processor also schedules title searches with an attorney, title company, or abstractors for ownership claims or existing outstanding issues, such as unpaid property taxes or debts.
From searching to appraising a home, mortgage applications follow a timeline, and it’s up to the loan processor to ensure that the borrower can close in on a home within the deadline. Hence, the mortgage loan processor communicates with the borrower on important submission dates to avoid extension fees and ensure a smooth mortgage application process.
The mortgage loan processor and loan underwriter finalize the borrower’s mortgage application for the latter’s final approval, with both parties addressing any discrepancies, typos, or pending action items in the application.
After the mortgage loan underwriter approves the mortgage, the mortgage loan processor schedules the much-awaited closing day with a title company to verify the applicant’s required downpayment, calculate closing costs, and prepare the closing document.
Hiring a mortgage loan processor is your best decision for your financial institution. Knowing the minimum education and professional qualifications is key to ensuring your new hire has ample knowledge of loan processing.
A high school diploma is often enough to work as a mortgage loan processor. However, for some financial institutions, a bachelor’s degree in business administration or equivalent is a plus as it prepares students for a strong finance background and makes the transition to loan processing easier.
Certification programs are great for upskilling. They help solidify an individual’s knowledge of loan processing and regulations, improve their proficiency in using loan processing programs, and equip them with skills that enable them to tackle complex mortgage cases.
On top of a bachelor’s degree, financial institutions also see candidates who completed a certification program as an asset, increasing an applicant’s prospect of landing a loan processing job.
This depends on the location. For example, in many states in the US, a license is necessary. Hence, mortgage businesses need to do their research before hiring a mortgage loan processor.
A loan processor can get work experience in banks, mortgage companies, or financial institutions, where they can learn new skills, gain first-hand experience processing mortgages, and collaborate with a mortgage loan underwriter. Entry-level loan processors can start as loan processing assistants.
Mortgage processors work not just with financial documents but also with people. Before writing a job description for mortgage loan processor, take note of the following offshore staff soft skills your ideal candidate must possess:
Loan processing entails perusing every financial document with a fine-toothed comb. There’s no room for errors and inaccuracies, as even the simplest mistake can delay or compromise the borrower’s mortgage application.
This affects the overall reliability of the processor and the institutions’ application process. To avoid potential disruptions in mortgage applications, the loan processor must ensure that all paperwork is error-free before handing it to the mortgage loan underwriter.
Processing loans is not a solitary job, and social skills are a bare minimum in the mortgage industry. By establishing good professional relationships, mortgage loan processors can effectively collaborate with applicants, loan underwriters, and other stakeholders. This helps speed up a borrower’s loan application process and minimize conflicts between involved parties.
Another aspect of interpersonal skills is cultural awareness, which is handy when working with borrowers from different socio-cultural backgrounds. Because clients of various ethnicities have different consumer behaviors, mortgage loan processors must provide a culturally nuanced mortgage processing experience to establish rapport and maintain professionalism.
Mountains of paperwork are not an excuse for missing a deadline. A reliable mortgage processor manages their time well, maintaining optimal productivity and accuracy while juggling multiple workloads so the loan application can move forward without further delay. This enables a faster closing of a new home, improving borrower satisfaction.
Speed and efficiency are everything. The Digital Banking Reporting reported that abandoning rates skyrocket to 60% or more if applying for a loan takes over five minutes of a person’s time. When loan processors familiarize themselves with AI and automation to boost operational efficiency, they can improve their career prospects and stay competitive in the lending industry.
Mastering new or never-before-used loan processing programs is key to success, too, making open-minded, tech-savvy mortgage loan processors highly coveted by employers.
Your mortgage loan processor job description generally includes the objectives, key responsibilities of the role, preferred qualifications, and a list of benefits. Whether you’re outsourcing to the best Philippine BPO companies, or hiring a mortgage processor straight from a freelance or job search platform, here’s how to write a solid mortgage loan processor job description that attracts potential candidates.
You can’t write a mortgage loan processor job description without conducting a job analysis. This process helps HR staff identify and analyze job-related information — such as qualifications, responsibilities, and skills — to guide hiring decisions and manage employee performance.
Observe or interview your in-house mortgage loan processors. How are they performing their tasks? What is their highest educational attainment? Do your loan processors complete certification programs? You can hand out questionnaires containing questions on your loan processors’ competencies, interpersonal relationships, and many more.
After gathering information, validate your data and present your findings to the HR or upper management, so you can begin drafting a mortgage loan processor job description based on those findings.
A job title must encapsulate the experience level and include the country acronym and employment type to attract the right candidates. Instead of “Mortgage Loan Processor,” consider using “Full-Time Entry-Level Mortgage Loan Processor — US Mortgage Company” or “Part-Time Senior Loan Processor for AU Client.” This way, candidates with experience working for American or Australian clients can apply for the role.
Begin with a brief, engaging introduction of your mortgage company, highlighting its core values, mission, and vision. You can include a brief overview of the role and close this section with why a candidate should work for you. Keep this section short and sweet, around three to four sentences.
Salary is another factor when applying for a loan processor job. However, this is a double-edged sword, as it can tempt desperate candidates to apply for the role just to earn a large paycheck without the skills and qualifications to back them up. While establishing salary expectations in a mortgage loan processor job description is debatable, it’s best to avoid overpromising and underdelivering applicants.
To answer your question, “what are the duties of a mortgage loan processor,” you should look no further than the data from your job analysis. Job responsibilities should neither be too long nor too short, such that they become too vague and lack specific details. When writing the duties of a mortgage loan processor, always begin the sentence with an action word. Here are two examples:
For the qualifications, include the following details:
Again, be specific. Identify which skills and qualifications are non-negotiables, and which ones are bonuses. But don’t make a lengthy list of job qualifications, as adding too many can throw off candidates.
This is your last chance to draw in potential candidates with company benefits, including performance-based bonuses, flexible working hours, permanent WFH, and paid PTOs. No need to include all benefits, so include the ones that you think are essential for most applicants.
The mortgage industry is as dynamic as most industries today. This is thanks to the adoption of powerful technologies and inevitable changes in local regulations. To be successful in the industry, one must be efficient. And what better way to be efficient than outsourcing mortgage loan processing?
Outsourcing to the Philippines is not only cheaper. The country is also more culturally aligned with Western values considering the number of highly educated, English-proficient mortgage loan processors in the workforce.
At KDCI, we offer high-quality, cost-effective loan processing and other property management services. Our offshore mortgage processor team values excellence, reviewing multiple financial documents with careful precision and bolstering loan processing efficiency to help applicants close in on their new homes within the deadline.
Contact us now, and let’s help you grow your mortgage business!
Property management is a dynamic field, constantly ever-evolving to encourage property management businesses to keep up with the times. From property managers to property management virtual assistants, there are a lot of people involved in keeping your business up and running. While virtual assistants are in charge of administrative and marketing tasks, property management accountants handle the finances.
However, the job of a property management accountant is not confined to accounting and finance. They are collaborators too, often partnering with real estate agents, property owners, external auditors, and other key stakeholders in the real estate industry. Let’s explore the day-to-day duties of a property accountant — and for companies looking to hire one — we also included a dedicated section on the essential skills of this profession.
A property accountant is a real estate accounting professional who works for a property investor. Occasionally, property accountants are employed by property management companies or real estate outsourcing agencies. Apart from their finance and accounting backgrounds, they also excel in the legalities of the real estate industry.
From budgeting to preparing financial reports, a property accountant’s responsibilities are a valuable asset for ensuring the legal and financial integrity of your real estate business. Below, let’s explore the most common job responsibilities of a property accountant.
Auditing refers to the yearly review and verification of balance sheets and other financial statements. By auditing financial reports, companies can prevent fraud, ensure accuracy, and maintain legal compliance — allowing business owners to uphold themselves to high accounting standards.
In the real estate industry, property accountants perform audits to build trust. For example, they can verify tenants’ balances to reduce cases of underpayment and overpayment. Their duties also extend to reviewing maintenance and utility expenses and checking the authenticity of receipts, invoices, bank confirmation documents, and other pertinent paperwork.
Budgets are the strategic financial plan of a business. Without a clear budget, business owners can’t execute goals or targets within the quarter or fiscal year. That’s where a property accountant comes in.
Property accountants leverage their knowledge of the local economy, real estate trends, and their company’s historical financial data to craft realistic annual or quarterly budgets that forecast potential income and unforeseen expenses due to maintenance or staffing issues.
Because your property management accountant keeps track of your property management company’s financial performance, they can ensure your business’s short- and long-term profitability even amidst different economic situations.
Financial reporting and analysis are like the “performance review” of your business. Cash flow statements, income statements, and balance sheets comprise the bulk of financial reports, with Management’s Discussion and Analysis (MD&A) thrown into the mix for additional financial insights.
When handled by a competent property accounting professional, they can shed light on your property management business’s current financial performance — basing their analysis on raw data from balance sheets and other financial documents. Through these data-driven insights, you and your property management can make sound decisions to drive profit and sustainability while minimizing risks.
Final tracking is a business practice referring to the regular monitoring of expenses. As expected, failure to track finances inevitably sets your business up for poor growth and success. Since this task involves handling financial data from receipts and invoices, keen accuracy and attention to detail are key.
With a reliable property management accountant, they can keep tabs and record every transaction — from utility bill payments to rental fees — without fail. Delays in payment are also confirmed and addressed, preventing financial discrepancies. As a result, your real estate accountant can optimize costs, prevent fraudulent financial transactions, build financial trust among tenants, and spot new business opportunities.
Lease analysis is one of the most important tasks in the real estate industry. It involves not just understanding the financial and operational impact of a lease, but also analyzing and reviewing the nuances of the terms and conditions of a leasing agreement.
Property management accountants play a big role in lease analysis, optimizing expenses and driving investment revenue to property owners and landlords. Risk factors such as environmental hazards and economic factors are also considered, so your property accountant can anticipate dips in leasing value and tenant satisfaction.
Compliance with local real estate laws makes for a successful property management business. The legal side of real estate is complex, requiring careful perusal to minimize legal disputes and financial risks.
As mentioned earlier, a property accounting professional is well-versed in this department. They understand the intricacies of real estate laws, so your property management business can preserve its integrity and meet accounting and industry standards.
With the inevitability of amendments in legal frameworks, your property management accounting staff can keep abreast of such changes to ensure your real estate business stays relevant and compliant with local regulations now and in the future.
Before drafting a winning property accountant job description, you must understand the professional and educational qualifications that make up the best property accounting professional. Let’s check them out below.
A property accounting professional must — first and foremost — possess a bachelor’s degree in accounting or a related degree. While a master’s degree is a plus, a college degree is often enough to enter the property accountancy field.
Regardless of a property management accounting professional’s highest education level, they boast extensive knowledge of taxation laws, generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS), and financial analysis and management. Because real estate is a fast-paced industry, a property accountant must continuously upskill and learn current market trends.
Ideally, a property accountant must be a Certified Public Accountant (CPA). This credential is only awarded to individuals who pass the CPA licensure exam, which covers key finance and accounting principles and subjects. A CPA license ensures the marketability of a property management accountant, making them well-sought-after by companies. A property accountant can be a Chartered Accountant (CA), too.
Licenses and certifications are not just for show, though. These accolades represent the dedication of an accountant to their professional growth. By opting for licensed property management accountants, you’re getting a hardworking professional who’s committed to the success of your property management company.
Education, certifications, and professional experiences go hand in hand. More often than not, accountants have their first foray into accountancy through internships. After earning a bachelor’s degree, the newly graduated individual applies for entry-level property accountant positions in a real estate company.
This allows the accountant to gain first-hand knowledge of property management and the real estate industry, further honing their skills and gaining relevant work experience. As they earn more and learn new, their marketability in the job market increases, giving them leverage in applying for positions with higher pay and better career growth.
Financial management and auditing skills are not enough. In order for a property accountant to be successful in the industry, their soft skills must be the same caliber as their hard skills. Be sure to include the following skills as you continue drafting a solid property management accountant job description.
Nowadays, communication skills are the bare minimum. Property management accountants communicate with property investors, property owners, and other real estate professionals through writing and speaking.
Through effective communication, accountants can articulately present financial reports and analyses in a way that is easy to digest for their colleagues and stakeholders — who may or may not have a background in finance or accountancy.
Every day, property accountants deal with data from financial records. Strong problem-solving and analytical skills — combined with ample knowledge of taxation laws and other legal frameworks — help accountants identify patterns and glean insights to produce comprehensive reports that turn data into business strategies to encourage growth and reduce financial risk.
Property management accounting professionals also tap into their creative side to formulate out-of-the-box solutions and analyses, helping real estate businesses push the boundaries of what is currently possible.
In real estate, time waits for no one, and deadlines are always at bay. Hence, property accountants simultaneously work on multiple tasks, dividing their day into time blocks to maximize productivity during working hours. By leveraging automation technologies and calendar tools, property accountants can meet submission deadlines for audits and financial reports.
We all make mistakes. An incorrect entry here, a duplicate income statement record there. Such mistakes may be minor to some — but in the real estate and accounting industries — these errors could spell trouble for your business. Fortunately, if spotted, accounting errors can be easily rectified.
With the help of a property accountant and the right accounting software, the likelihood of committing and seeing accounting errors becomes slimmer. However, it’s important to differentiate accounting errors from fraud. While the former is unintentional, the latter is committed with the intention to manipulate or hide financial records to show that the business is financially healthy and performing well.
Upholding good work ethics is a skill in itself. In accountancy, maintaining confidentiality means a property management accountant is responsible for the non-disclosure of sensitive personal and financial information.
This shows that the professional complies with their local accounting code of ethics not just through words, but also through actions. When you trust your property accountant, you can count on them to handle and safeguard personal data from competitors or cybercriminals.
The benefits of confidentiality also trickle down to your clients. This means they have enough peace of mind to trust your business to collect and store their personal information. When hiring a property accountant, look for candidates who have zero history of fraud and breaches in confidentiality.
Modern accountancy is grounded in data analytics, automation, and AI. That’s why technology is an accountant’s best friend. Because technology is intertwined with our lives, there’s all the more reason to expect a high level of software proficiency among accounting professionals. Right now, there are tons of accounting and bookkeeping software for property accountants.
These programs employ data consolidation, automation, and other advanced technologies to organize data, minimize errors caused by manual input, and speed up accounting processes.
Whether an accountant is an entry-level professional or a senior property accountant, tech proficiency and literacy pave the way for better career opportunities.
To employers like you, a property accountant’s drive to improve their tech skills is a giveaway that they value life-long learning and position themselves as flexible accounting professionals in the real estate industry.
A property accountant is as vital as any other position in the real industry. Not only do property management accountants prepare finance reports and audit financial statements, but they also aid in legal compliance, uphold integrity, and offer strategic yet creative solutions.
Moreover, property accountants take pride in their educational and professional backgrounds, with their licenses and certifications serving as their crowning glory. However, hiring the right one is a hurdle every real estate business owner must overcome.
Today, employers are overwhelmed with a sea of property accountants competing for the role. While education and certifications get an accountant’s foot in the door, mindset and soft skills are what make employers choose them over other candidates. If you don’t want the tedium of hiring a property accountant from a freelance platform, we recommend outsourcing accounting and bookkeeping to the Philippines.
At KDCI Outsourcing, we provide personalized outsourcing solutions to property management companies looking to empower their accounting department. Our recruitment team carefully vets candidates, basing our assessment not just on their education and work experience, but also their soft skills and compatibility with your team’s values.
After KDCI Outsourcing shortlists candidates, we conduct training sessions to help them learn the ropes of your business’s preferred accounting software. Whether your company uses Wave Accounting or Zoho Books, we make sure our team of property accountants demonstrate a satisfactory level of proficiency in your software for hassle-free onboarding.
Ready to up your real estate game with KDCI Outsourcing? Contact us now!
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The difference between a good website and an amazing one is impeccable web design. This means that more than just having aesthetically pleasing visuals, you’re also considering the user experience and how they would best find value from the website.
All companies want an amazing and responsive website, but the problem here is finding reliable web design development companies that can deliver the quality you expect while still being cost-effective. This is why brands choose to outsource web design projects to web design companies in countries like the Philippines, where operations costs are significantly lower.
To help you find the right web development agency to handle your web design, we’ve compiled a list of the top 10 web design companies in the Philippines based on their existing client reviews and reputation in the industry.
Alternatively, if you need assistance with software development, check out our list of the top offshore development companies.
KDCI is an outsourcing company with a proven track record of providing outstanding web design to global brands in various industries for over 13 years. They specialize in building customized web design solutions and are known for building great websites that are tailored to their client’s unique needs and requirements.
As the best web design company, KDCI offers versatile and comprehensive website development and design solutions, including UX/UI design, e-commerce websites, and corporate portals. Their approach to design involves extensive collaboration to understand your needs, planning and wireframes, design for development, and optimization for superior search engine optimization (SEO).
With the company’s focus on user experience, brand consistency, and conversion optimization, KDCI is an excellent choice for businesses requiring customizable solutions with the options for project-based contracts, retainers, or building their offshore web design and web developer team.
Miyens — renowned for its expertise in web development — excels in delivering customized web development services that address the diverse needs of its clients. This web development agency emphasizes creating user-friendly and visually striking designs that not only captivate users but also drive engagement and conversions.
The innovative approach of this website development company integrates creativity with cutting-edge technology. This is evident in their portfolio, which showcases a wide range of web design services. Additionally, this web design company also extends its proficiency to interactive solutions and digital online marketing, further enhancing its offering to clients looking for comprehensive digital strategies.
Startups, small to medium-sized businesses, e-commerce platforms, and companies seeking to establish or enhance their digital presence would greatly benefit from outsourcing web design and web development services to Miyens. Their ability to create customized, user-friendly, and visually appealing web designs is particularly advantageous for businesses looking to stand out in a competitive online marketplace.
i-Build.PH is a web development company that excels in creating websites that are not only robust and scalable but also finely tuned for SEO. The expertise of this Philippine web development company extends to crafting responsive web designs that merge aesthetic appeal with practical functionality. This approach ensures that the client's business website is visually engaging and optimized for a superior user experience.
Additionally, the company’s integration of SEO practices in web development positions their clients' websites for better online visibility and reach, making i-Build.PH a top web design agency in the Philippines for businesses looking to strengthen their digital footprint.
Highlighting the company's ability to deliver high-quality web development and SEO services, i-Build.PH is a good web design service provider for businesses that rely on online visibility and search engine rankings, such as e-commerce stores, content-driven platforms, and service providers.
Founded in 2009 and based in Makati, Marvill Web Development is a company grounded in the principle of harnessing the exceptional web development skills of Filipino talent, a resource traditionally sought after by international companies.
Marvill Web Development's portfolio showcases their capability to handle diverse projects across various sectors such as entertainment, education, local government, and private companies. Their services include not just web development, but also CRM, SEO, and integration with microcontrollers. Marvill Web Development’s scope of services showcases their versatility and adaptive approach to the evolving digital landscape.
Marvill Web Development’s versatility, adaptability, and expertise in handling diverse projects make this website development company an ideal choice for businesses across various industries seeking comprehensive web design solutions.
ROC.PH — a digital marketing agency from General Trias, Cavite — offers a comprehensive approach to customized website creation and marketing. This website development service provider specializes in crafting visually striking and functional websites, with a strong focus on optimizing for conversions.
This company’s web development services are particularly beneficial for startups and SMEs, as they balance aesthetics with usability, ensuring a smooth user experience. In addition to web development and graphic design, this digital marketing service provider offers extensive online marketing services, including social media marketing. This holistic strategy in digital marketing helps in building strong relationships between brands and their clients.
Some of the highlights of ROC.PH’s web design services include managed services and integration of social media applications. Businesses seeking top-tier and innovative web design services should turn to ROC.PH as their preferred partner.
DatastiQ, launched in 2018, is a Quezon City-based web design company. They provide a range of services, including web design, content marketing, graphic design, and logo creation. The website design company targets their services primarily toward small businesses, demonstrating a specialized approach in their field.
DatastiQ merges the world of data science with web development. Their unique approach involves using data-driven insights to inform their web design choices, resulting in highly effective and user-centric websites. Apart from design, this web design company also offers hosting services and features like uptime guarantee and daily backups.
This website development company is a good choice for businesses in search of exceptional web design solutions backed by data-driven insights and expertise. DataStiQ excels in creating websites that are visually appealing and optimized for performance and user engagement, making them an excellent choice for businesses that prioritize data-backed design decisions.
Infinity Web Solutions — based in Batangas — is distinguished by its commitment to delivering high-quality yet affordable web design services. They excel in creating websites that are not only visually attractive but also robust in functionality. This makes them particularly suitable for small and medium-sized businesses seeking to enhance their online presence.
Their client-focused approach means they customize each project to align with the specific needs and goals of their clients. This results in a distinctive and effective online identity for each business they work with. Infinity Web Solutions' expertise in balancing aesthetic appeal with practical functionality makes them a valuable ally for businesses aiming to strengthen their digital footprint. Some of the features of Infinity Web Solutions’ web design services include domain setup, email marketing integration, and lead generation.
Businesses seeking reliable and cost-effective web design solutions should consider Infinity Web Solutions as their trusted partner. With a strong track record in delivering high-quality web designs, Infinity Web Solutions offers a budget-friendly option for startups, small businesses, and cost-conscious enterprises.
Soda85 Digital — a creative agency specializing in web design, digital marketing, and branding — has a rich background in offering innovative digital solutions. They have built a strong reputation for their expert team of Filipino developers and designers — who work collaboratively to craft visually stunning, user-friendly, and SEO-optimized websites.
This web design company focuses on creating unique online experiences that embody a brand's identity, ensuring each website resonates with its intended audience. Their history is marked by a commitment to delivering distinctive and memorable web presences for a diverse range of clients. Some of the highlights of Soda85 Digital’s services include SEO, mobile setup, and website strategy formulation.
For businesses seeking cutting-edge web design solutions that prioritize modern aesthetics and functionality, Soda85 Digital is the ideal choice. Soda85 Digital excels in crafting visually striking and highly responsive websites, making this web development agency a preferred partner for businesses that value a strong online presence.
TheCamel Digital Experts, Inc. specializes in offering comprehensive digital solutions, particularly in the field of innovative web design and development. Their expertise is showcased in creating custom websites that are visually attractive and highly functional.
The company serves a wide range of clients, offering scalable and flexible web solutions designed to enhance businesses' online presence and growth. Their approach is tailored to meet the specific needs of each client, ensuring a unique and effective digital footprint.
The web design and web development services of TheCamel Digital Experts, Inc. include features like API integrations, custom widgets, and SEO. They deliver tailor-made website design services that cater to each client’s unique needs, making them an excellent choice for businesses that value customization.
Known for its custom web design services, Starfish Web Design excels in creating unique and user-friendly websites. The team behind this web design service provider blends creativity with technical expertise, focusing on aesthetically pleasing and functionally robust designs.
The company prioritizes understanding a client’s business objectives, which guides their process in crafting websites that truly represent the brand's essence. This customer-oriented approach ensures the delivery of personalized and effective web design service solutions.
Some of the features included in Starfish Web Design’s web design solutions include web hosting, premium templates, and a warranty. Businesses seeking a trusted partner for web design should choose them because of their exceptional expertise and dedication to creating user-centric websites.
The secret to mastering how to outsource web design in the Philippines is partnering with the top website design companies that can understand your needs and unique requirements and provide you with the solution you need.
At KDCI, we specialize in building custom outsourcing solutions that are based on an in-depth understanding of your brand. We’re also experts at building you a team of web designers who are vetted, trained, and can easily adapt to your needs. Whether you’re looking to outsource one project or you’re in need of one designer or a full offshore web design and web developer team, you can trust KDCI to deliver the results and exceed your expectations.
KDCI can help with your web design. Contact us now!
Property management refers to the monitoring and management of real estate properties. Generally speaking, a property manager is responsible for ensuring legal compliance, budgeting, addressing property repairs and maintenance, marketing properties, and handling tenants. While property management promises good networking opportunities and career growth, it comes with its caveats.
According to the National Apartment Association, US property managers cited rude tenants and residents (22%), difficulties plugging off post-office hours and poor mental well-being (16.3%), staffing maintenance (14.3%), and workload management (13.2%) as some of the most prominent challenges they face in their jobs.
To ease the struggles of property managers, real estate businesses must hire a virtual assistant for property management. This article talks about the advantages of a property management virtual assistant, followed by a round-up of the best companies and platforms for hiring one for your property management company.
A property management virtual assistant is a self-employed real estate professional. Working closely with property managers, a property management assistant provides market support, communicates with tenants, and streamlines repetitive administrative tasks.
Basically, all the job responsibilities of a general virtual assistant — albeit sprinkled with real estate-specific tasks. Let’s delve deeper into the perks of hiring a property management VA.
No business can survive without a competent admin team. A property management virtual assistant is experienced in administrative tasks, and they come with the gift of implementing new technologies to simplify said tasks.
With the right property management software, a property management assistant can automate maintenance requests, rent collection, and lease renewal to ensure faster task completion and better tenant satisfaction. Now bearing the brunt of administrative duties, property managers can work on more pressing tasks without compromising their mental health. This potentially creates a better work-life balance and improves employee retention rates.
Good customer service is an indicator of success. When property managers are overwhelmed with customer queries and complaints across all communication channels, the overall efficiency of your real estate business will be compromised.
However — with a team of real estate virtual assistants — they can offer personalized responses to tenant complaints and provide potential clients with comprehensive, informative answers on leasing, rent collection, and renewal policies. In addition, a property management virtual assistant can cover after-hours support and create templates and pre-made responses for a more streamlined customer service experience.
With the prevalence of the gig economy, more professionals are working as freelancers or independent contractors to earn extra income and further their careers without the commitment of a full-time job. Apart from the flexibility of gig work, this set-up also benefits real estate business owners.
Real estate agents can tap into a global talent pool, hiring real estate virtual assistants from the Philippines and other countries with lower labor costs to save on costs while enjoying world-class VA services.
Time zone differences are also blurred. This means an overseas virtual assistant for property management can follow your local time zone schedule and work the mid-shift or graveyard shift to provide real-time virtual assistant support.
Unlike employing full-time in-house employees, hiring a freelancer or outsourcing to the best property management companies in the Philippines is a more cost-effective business strategy. While in-house employees make supervision and face-to-face interactions easier, they are costlier in the long run as property management business owners allocate more resources to office spaces, computers, benefits, and professional development programs.
Unfortunately, in the property management industry, employee turnover is rampant as property managers face long hours and pressure at work. For every quitting property manager, the cost of hiring and training a new property manager adds up. Since freelancers and outsourced real estate VAs work from home, property owners can cut their overhead expenses and provide only the necessary tools for the role.
Additionally, property management professionals have control over the timeframe of the job order. For example, they can indicate in the job description that the gig is only good for six months. This way, a property management business owner can upsize or downsize their virtual assistance team based on workload or demand without the pressure of retaining a real estate VA for the long haul.
Finding a good virtual assistant in the Philippines is one thing. You know what separates an average real estate VA from the best virtual assistant. But knowing where to find a reliable virtual assistant is another story. Below is our roundup of the best companies and websites to hire a property management VA in the Philippines, or elsewhere.
Located in the Philippines, KDCI Outsourcing is one of the best BPO companies with over a decade of experience in the outsourcing industry. With outsourcing services spanning from accounting and finance to property management, the company helps slash 70% of overhead costs, provide much-needed expertise, and optimize processes using technology.
KDCI Outsourcing also prides itself as its client’s partner, enabling an equal partnership between the two parties. This firm does all the heavy lifting of hiring and training property management professionals. Following a meticulous hiring process, KDCI Outsourcing selects candidates based on their educational attainment, relevant working experience, and industry knowledge.
In addition, the candidates are also tested on their customer service and VA skills, including data entry, tenant relations, and lease management. Once hired, a team leader or project coordinator will orient them on your business’s in-house processes and train them on your property management program, allowing for a smooth onboarding process.
Featured in Business Insider, Forbes, and other news platforms, BruntWork is an exemplary outsourcing company with a global client base and freelance team. The company sets and maintains high standards not just for itself but also for its freelancers. Because of BruntWork’s dedication to providing high-quality outsourcing services at a lower cost, it has earned the trust of global brands and garnered well-deserved positive reviews.
BruntWork shines in numerous industries, including virtual assistance for property management. Its scope of property management operations includes legal compliance, rent collection, coordination of maintenance requests, renewal and administration of leases, talent inquiry management, and many more.
Candidates are handpicked and screened by the company’s recruitment team, and you can interview them to ensure you get the best property management VAs for your business. Although Filipinos are fluent in English and share cultural similarities with the West, BrunWork goes the extra mile and trains candidates on Western culture and communication. This way, the VAs can seamlessly integrate and work with your team with little communication lapses.
Property Management Virtual Assistants is a virtual assistance website dedicated to property management. Its services include digital marketing, customer service, tenant relations, sales, tenant relations and onboarding, and more. Quality is the bedrock of Property Management Virtual Assistants. This means only the cream of the crop virtual assistants are hired on the platform, promising clients first-rate property management VA services.
Clients who partner with Property Management Virtual Assistants will undergo an initial consultation to determine their needs. Candidate sourcing can take almost a month, though. While this may be a caveat for some clients, Property Management Virtual Assistants makes up for it by sourcing the best virtual assistant for your property management business.
On top of that, you’ll get a QA specialist, supervisor, and trainer. Essentially, a whole team! This setup promises comprehensive project and performance monitoring, motivating your team to consistently meet the company’s high standards.
VPM Solutions provides property management solutions with the promise of driving scalability, growth, and cost-effectiveness for property management business owners. Since its founding, the company has addressed common operational issues plaguing the real estate industry — from workload-induced stress to poor client relationships.
VPM Solutions works like most freelance platforms. You post a job and wait for applicants, or scout for potential remote staff candidates yourself. You can also opt for the platform’s TalentMatch technology. This feature hastens the sourcing process, limiting your candidate pool to virtual assistants that best match your required qualifications. Best of all, VPM Solutions does not charge a platform fee or additional costs.
Founded by Bob Lachance and George Cortes, Reva Global is a dedicated platform for Filipino virtual assistants who work with clients in the US. The company’s property management virtual assistant services cover lease renewal, lead generation, showing scheduling, and coordination of utilities. Because property management is a rigorous field, Reva Global promises clients a carefully vetted property management assistant team, cost savings, and a healthy work-life balance.
Anequim is a virtual assistance platform established in 2016 by Gwenn and Jeremy Aspen. While some VA websites are aimed at the Filipino market, this platform is reserved for bilingual Mexican professionals.
Partnering with Canada- and US-based clients, Anequim’s virtual property management assistant professionals provide a suite of general and property management-specific VA services. These include appointment setting and scheduling, correspondence preparation, budget preparation, maintenance coordination, and customer service.
Similar to other VA agencies, Anequim hires and onboards a virtual property management assistant for you. The company even goes as far as handling your job posting and orienting candidates on the American Disabilities Act and Fair Housing. Because Anequim values meeting key performance indicators (KPI), do expect coaching sessions from the company — aimed not just at your real estate virtual assistant, but at yourself too!
20four7VA is a virtual assistant website for business owners across the globe. Unsurprisingly, the platform is dominated by Filipino VAs, making it an ideal pick for clients who like working with virtual assistants from the Philippines. Thanks to its rigorous yet fair screening and hiring processes, you can count on 20four7VA to match you with the right virtual assistant.
Although its main selling points center on administrative, business, marketing, and technical virtual assistance, 20four7VA also offers VA services in niche industries such as telehealth and real estate. The platform’s property management virtual assistants can take over not just administrative duties, but also marketing and real estate tasks.
Remote CoWorker is an outsourcing company that is compliant with the Payment Card Industry Data Security Standard (PCI-DSS) and the Health Insurance Portability and Accountability Act (HIPAA). It boasts college-educated, English-proficient virtual assistants and offers top-notch, round-the-clock services to clients in different industries — including real estate, insurance, and hospitality.
Remote CoWorker’s real estate virtual assistant services are aimed at property management companies, real estate agents, brokers, and investors. With a team of virtual assistants for property management by your side, your property leasing needs will be taken care of without delay. An account manager will also monitor your virtual assistants, making outsourcing a win-win situation for you and your VA team.
Take note, however, that Remote CoWorker requires clients to purchase a payment plan before screening candidates.
Established by Stephen Atcheler, ShoreAgents is a BPO company specializing in the real estate industry, covering mortgage processing, property insurance, drafting, architecture outsourcing services, and the like. The company’s property management VAs handle property advertisement, landlord onboarding, lease renewals, tenant screening, and many other routine tasks.
ShoreAgents sources property VAs from various recruitment platforms, such as Facebook groups, databases, LinkedIn ads, and job search websites. From phone screening and English tests to client interviews, the company’s comprehensive recruitment system ensures that all candidates have the potential to be the perfect match for your team.
Virtudesk is a tech-driven virtual assistant company established in 2016. With its high-quality VA services and unwavering desire for growth and innovation, Virtudesk positions itself as a catalyst for client and business success. Virtudesk’s property management VA services include customer service, marketing, administrative support, and prospecting — all are designed to ease your team’s workload and optimize daily property management operations.
We hope this round-up has given you a starting point on where to find a virtual assistant in the Philippines or any part of the world. Don’t limit yourself to our top picks, though. Check out Upwork, Fiverr, OnlineJobs.ph, and LinkedIn for a prospective virtual property management assistant.
KDCI Outsourcing takes the guesswork of screening candidates. With our expert recruitment team, we can source new and experienced VAs so you can build your ideal property management team.
Contact us now, and we look forward to meeting you for a discovery call.
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A life insurance plan has always been touted as an investment for families and working adults. It serves as a bugger against unforeseen circumstances, protecting insured clients from significant financial loss. While most sectors have adapted to economic instability and other risk factors, the life insurance industry has not been the most fortunate as it struggles with cybersecurity, technological advancement, market changes, and shifts in compliance and regulations.
Thankfully, insurance companies are leveraging insurance outsourcing. Insurance outsourcing is a business strategy of hiring a third party to perform open and closed-book business processes to reduce costs, increase efficiency, and access specialized expertise. If you’re looking to supercharge your insurance company, now’s the perfect time. Below, we’ll tackle everything you need to know about insurance outsourcing.
There’s no limit to the business processes an insurance company can outsource to a business processing outsourcing (BPO) provider. However — to help you envision which functions are more readily available in the best BPO companies and insurance outsourcing companies — below are the most commonly outsourced insurance business functions.
In insurance claims outsourcing, the service provider handles the entire claims process, from initial intake and verification to assessment and settlement. They also communicate with policyholders about claim statuses and manage disputes or appeals. Additionally, a business processing outsourcing company can process health, property, and other insurance claims.
When outsourcing policy writing and adminstration, service providers process renewals, endorsements, and cancellations as well as manage the issuing of new policies. They also maintain policyholder records and ensure compliance with regulatory requirements.
With insurance underwriting, an insurance business processing company assesses risks, decides on insurance applications, sets premium rates, prepares documentation, and monitors existing policies for changes in risk profiles.
Specialized firms and insurance BPO service companies use analytics to detect fraud, investigate suspicious claims, report findings, implement fraud prevention systems, and provide staff training on fraud detection techniques.
External providers with insurance outsourcing services have actuarial analysts who develop risk models, calculate premiums, forecast financial performance, and offer strategic advice on product development.
Legal and compliance officers in outsourcing providers handle legal issues, ensure regulatory compliance, and provide legal advice to minimize risks and meet industry standards.
Third-party IT or tech support specialists manage infrastructure, develop and maintain software, ensure cybersecurity, and provide technical support to enhance operational efficiency.
Customer service agents in an outsourcing company handle inquiries, provide policy information, address complaints, and maintain high-quality support through various communication channels.
The business process outsourcing industry has been steadily expanding through the years, impacting most, if not all, industries in the market. Even more traditional industries like insurance are outsourcing some of their business functions, driven by reasons listed below.
Like many other industries, companies in the insurance industry face financial pressure and need to improve cost efficiency to increase competitiveness and profitability. And the easiest way to reduce costs is by outsourcing insurance services.
By outsourcing, an insurance agency can leverage the outsourcing partner’s resources, paying only a flat rate while the outsourcing insurance services provider covers everything — including operations, benefits, paid leaves, management fees, etc. This helps an insurance company increase its cost efficiency.
The location of insurance outsourcing companies also influences the amount saved. When an insurance agency outsources to an onshore or nearshore agency, the company can typically save up to 10-20% on operational costs. If insurance services are outsourced to BPO insurance companies in the Philippines, insurance agencies can save up to 70% on operational costs.
Most insurance companies don’t have expertise in functions such as customer service, IT, and marketing. By outsourcing these insurance operations to insurance outsourcing companies, one can increase efficiency — freeing up time and resources and gaining more business focus.
The insurance industry is short on talent, according to ResroucePro. This problem is mainly due to people leaving the industry. As time passes, the job market is becoming younger. Not to mention, over 50% of those in the insurance sector are expected to retire in the next 15 years.
One of the ways insurance companies are filling gaps in their manpower is through insurance outsourcing. Many of the tasks performed in the insurance sector, such as customer service, IT support, and marketing only require general industry knowledge. Hence, these tasks can be easily outsourced for staff augmentation.
Meanwhile, more specialized tasks like claims processing, underwriting, fraud detection, and the like are more difficult to source, so insurance agents partner with an insurance outsourcing company that already has the talent available.
When working with Philippine insurance outsourcing companies, expect them to have a large talent pool so you can skip the recruitment process and only look at the profiles presented to you based on your requirements. Then, BPO insurance companies in the Philippines will train, onboard, and manage these outsourced staff for you, ensuring productivity and alignment with business objectives.
While traditional outsourcing only supported basic roles and wasn’t designed to support long-term success, outsourcing has evolved to offer multiple engagement models and provide more flexibility to serve as business partners rather than mere service providers that help insurance companies scale and grow their operations.
The insurance industry has long been a more traditional industry, relying on manual processes and data analysis. However — as most outsourcing service providers have adopted more robust technological infrastructure and advanced technologies — insurance companies will find it easier to adopt new technologies and change their company culture with help from an experienced outsider who already has the resources and expertise to lead their transformation.
With the growing talent shortage in the insurance industry, many insurance companies are pressed to find permanent solutions outside of staff augmentation and support their long-term goals.
KDCI Outsourcing is more than just a service provider. We’re an insurance business process outsourcing partner that works hand-in-hand with our clients to achieve their business goals. By finding hard-to-source talent that has the experience, expertise, work ethic, and cultural fit, we build excellent offshore insurance teams in the Philippines that seamlessly integrate with their operations and collaborate well with their in-house teams to ensure efficiency and success.
Learn more about insurance back office outsourcing services in the Philippines. Contact us today!
Any real estate agent understands the age-old adage of “time is money” and “time wasted is time lost.” These quotes are not just for show, though. They teach us the value of time and money. In the fast-paced realm of the real estate industry, real estate agents need to step up or lose out. Fortunately, real estate assistants are here to the rescue. They play a pivotal role in easing a real estate agent’s life, taking care of everything from administrative to customer service tasks.
But with external factors like location, skill sets, and the experience level of a real estate virtual assistant, establishing the best virtual assistance rate or salary range can be tricky. Don’t worry, this article includes the average salary ranges of a Filipino VA, so you can create an appropriate hiring budget for your real estate business.
Is an outsourced real estate virtual assistant better than an in-house assistant? While people think the former is better due to reduced costs, there’s no clear-cut answer to this question because your decision to outsource or hire in-house depends on your business needs. Below, let’s tackle the pros and cons of each one.
Every day, you meet and talk with your in-house executive assistant in the office. Because of your assistant’s proximity, monitoring their productivity levels and performance becomes easier.
Face-to-face contact also fosters a better sense of collaboration between real estate professionals and in-house assistants. Plus, in-house employees can easily adapt to your workplace culture. Training and providing feedback is much easier, as well.
Modern workplaces are equipped with advanced communication tools. But — as mentioned earlier — the beauty of in-house hiring lies in face-to-face interactions. This allows real estate professionals to brainstorm and work with their assistants without delays, technical difficulties, or communication lapses.
Offices implement strong security measures to preserve the confidentiality of sensitive data. With such measures, the chances of data leaks and privacy breaches happening are slim.
While in-house assistants are an investment, they are expensive. As a real estate agent, you cover not only their monthly salaries. You also shoulder the cost of additional office spaces and equipment, training, and employee benefits. For small real estate business owners or real agents looking to cut costs, in-house hiring is a risky investment.
With in-house assistants, scaling your business according to demand is difficult without making significant adjustments to your internal team. In case of skill shortages in your real estate business, you may need to bring in new external hires — which costs money.
Most virtual assistants are independent contractors or freelancers engaged in remote work. Because outsourced virtual assistants don’t come with the near-permanent tenure of in-house employees, real estate professionals can easily hire virtual assistants for real estate during demanding workload periods or peak seasons.
A virtual assistant works in the comfort of their home, meaning they already have the necessary equipment to do their job. For real estate professionals, this is a blessing since they don’t have to invest in office spaces, equipment, and employee benefits.
With the global demand for virtual assistant services and the ubiquity of virtual assistants, real estate agents can access a vast pool of talent at their fingertips. If they, for example, hire a Filipino virtual assistant, real estate professionals can enjoy an all-in-one package that promises cost-effective virtual assistant services, high English proficiency, and cultural compatibility.
An in-house administrative assistant requires training to keep up with market demands. Real estate agents can save money by hiring a specialized Filipino virtual assistant for real estate. Virtual assistants with specialized skills don’t need training, so they can jump right into their job and complete tasks with minimal supervision. Plus, they bring in industry insights that can change the trajectory of your real estate business.
Did you know that VAs can succeed without being fluent in English? Some real estate professionals don’t care about their virtual assistant’s English proficiency level. But let’s get one thing straight — English fluency is an edge.
Poor English communication skills increase the likelihood of miscommunication and misunderstandings during meetings or feedback sessions. Fortunately, most Filipino virtual assistants are fluent in English. Thanks to their neutral accent, real estate professionals need not worry about overcoming language barriers.
Real estate agents handle sensitive client information. If confidential data falls into the hands of a hacker or malicious virtual assistant, they can use it to perform fraudulent transactions, breaching customer trust.
Hiring an overseas real estate virtual assistant comes with a higher risk of security and privacy issues. You don’t have much control over how they store and process client data. Outsourcing virtual assistant services to the best BPO companies or property management companies is your best bet, as they employ solid data security measures to safeguard customer information from cybercriminals.
Real estate professionals value real-time communication and collaboration. Hiring a foreign real estate VA can lead to incompatibilities in working hours. If not negotiated or established early on during the hiring process, timezone incompatibilities can cause delays in communication and turnaround times and dips in productivity.
Hence, it’s recommended to hire a real estate virtual assistant who can align their schedule with yours. Outsourcing companies make good choices, too. They provide round-the-clock virtual assistant services that help streamline your daily business operations, ensuring productivity and smooth turnaround times.
Virtual assistance is a lucrative career. However, how much money a virtual assistant earns depends on their location, niche, skills, expertise, and experience level. The Philippines has a lower cost of labor, so the country’s average VA salary is understandably cheaper than in Western countries.
If you’re hiring a virtual assistant from the Philippines, here’s a primer on the average salary ranges according to level of seniority.
An entry-level job implies the virtual assistant has one to two years of work experience. In the Philippines, the average salary of an entry-level Filipino real estate virtual assistant ranges between ₱17,000 ($292) to ₱20,000 ($344) each month — though the numbers can go as high as ₱25,000 ($430) to ₱38,000 ($654) a month, according to Glassdoor. In the United States, entry-level real estate virtual assistants earn a monthly average income of $3,708 (₱215,408) to $4,050 (₱235,276).
Boasting at least three to six years of experience, a mid-level virtual assistant is expected to have a deeper understanding of the real estate industry and a stronger grasp of VA skills. Filipino mid-level real estate VAs earn an average of ₱31,883 ($548) to ₱41,500 ($714) every month. As much as possible, avoid paying ₱20,000 ($344) to a mid-level real estate VA. US real estate VAs, on the other hand, take home $4,916 (₱285,585) to $6,633 (₱385,330) a month.
With more than five to six years of work experience, senior real estate assistants have amassed a wealth of industry knowledge and skills. Senior real estate VAs in the Philippines earn a monthly income of ₱50,475 ($868) to ₱70,000 ($1,204). Meanwhile, US senior real estate VAs receive $6,633 (₱385,330) to $8,116 (₱471,482) — even as high as $9,700 (₱563,502).
It’s important to remember that the above salary ranges are just rough estimates. Before building a salary range, take into account the following factors:
In the virtual assistance industry, success is not determined by college degrees or certifications. Many virtual assistants earn salaries that rival or surpass most professions. Still, you should consider an assistant’s education level when building a pay grade.
A Filipino real estate virtual assistant with a bachelor’s degree in finance, business, or marketing can command a higher monthly pay grade (₱56,175) than a virtual assistant with a high school education (₱28,366).
What will your Filipino real estate do when hired? Complex job responsibilities such as market research and customer relationship management (CRM) involve specialized skills, and therefore, require a higher rate than general virtual assistant tasks.
These are optional. But if you want to give bonuses and incentives, you need to include them in your budget. Examples include:
Where does the 13th-month pay come in? If your real estate business doesn’t operate under Philippine jurisdiction, you’re not legally mandated to pay your Filipino real estate VA with 13th-month pay. In short, it’s optional. However, you may provide 13th-month pay to show your gratitude and appreciation to your Filipino virtual assistant.
The economy also influences salaries. As much as real estate professionals want the best for their virtual assistants, it’s not always possible — especially in times of economic crises.
During the pandemic, for example, the prices of property in the Philippines fell steeply by 10% to 20%. This was heightened by desperate property sellers trying to profit in an unstable market, lack of financial stability, and job loss.
While the country’s real estate industry rose to its former glory, there’s no denying the ripple effect of economic issues and world crises. Both of which contribute to lower salaries, mass layoffs, and downsizing.
While scouting for the right real estate virtual assistants, here are the traits you should look out for when screening or interviewing a candidate:
Positive reviews are a testament to a candidate’s work ethic and the quality of virtual assistant service. Any reviews related to breach of confidentiality, low-quality work, and unprofessional behavior indicate that the real estate VA is unreliable when handling data and completing tasks.
Hiring virtual assistants without reviews is a gamble, though. Of course, it doesn’t mean they make a bad VA. It’s risky on your end, but a thorough screening can help determine if a no-review candidate is the right fit.
Believe it or not, but a Filipino real estate virtual assistant with good boundaries is good for your business. After all, you can’t expect them to work 24/7 for the whole year. If a Filipino VA informs you they’ll be on a five-day vacation, take it as their sign to recharge and spend time with their loved ones. This way, your VA won’t be burned out from their tasks, which helps improve their productivity and mental health.
There are bad apples out there. Keeping an eye on the following red flags helps you make better hiring choices:
Does the Filipino virtual assistant offer subpar virtual assistant services at a high price tag? As a real estate business owner, that’s a no-go. Read your candidate’s review and check their portfolio — especially if they specialize in real estate graphic design or content creation — to ensure the quality of their services matches their rate.
Virtual assistants with dirt-cheap prices are questionable. Whether they’re not good at their job or are trying to attract clients, it’s best to approach them with caution.
The real estate industry is complex, but it doesn’t mean a candidate has to be a complete expert. A Filipino virtual assistant with poor industry knowledge means they can’t provide deep insights or make sound business decisions. Before hiring a Filipino real estate VA, consider quizzing them on industry-specific tidbits to gauge their familiarity with real estate.
We hope our salary guide for real estate VAs has helped you charge better rates and manage your budget expectations. If you’re at a loss for where to find the right virtual assistant, choose KDCI Outsourcing.
Headquartered in the Philippines, KDCI Outsourcing provides state-of-the-art outsourcing services with the goal of driving success, cost-effectiveness, and streamlined operations to its foreign clients — which include Cedar Management Group, Spreetail, and Softonic.
Powered by advanced technologies and backed by a team of real estate professionals, the company’s real estate services promise security, optimization, and real-time support for your business.
Ready to outsource real estate services? Leave it to KDCI Outsourcing. Contact us now!
Property management services are a type of service that involves overseeing the day-to-day care of properties. It involves everything from tenant customer support and maintenance coordination to lease management and accounting.
When it comes to owning properties, property management is important because you want to maximize the potential of your properties while minimizing your resources and effort, allowing you to get the best return on investment (ROI).
Aside from this, a well-kept property also helps you stay on top of the legal requirements of property management.
Although you can manage your properties yourself, there are limitations to what you can do. Meanwhile, when your property management is left in the expert hands of property management companies or BPOs with property management outsourcing services, they can streamline the process, leading to many benefits such as cost reduction, process improvement, scalability, and more!
The Philippine business process outsourcing industry generated a revenue of $38 billion as of 2024. With property management services becoming increasingly in demand due to the country’s lower cost of labor, this benefit helps property owners and homeowners associations (HOAs) save money on property management.
Another reason why US property management agencies outsource to the Philippines is because of their large pool of English-proficient college graduates. When outsourcing property management functions to the Philippines, companies can access the country’s skilled workforce, ensuring excellent collaboration and high-quality services.
With the help of the country’s outsourced property management services, companies can appropriately scale their property management. Because the Philippines is one of the leading markets in business process outsourcing, outsourcing agencies receive government support that ensures service quality while providing flexible engagement models to clients. This allows them to scale their operations as needed, adapting to business and market conditions.
Outsourcing to the Philippines starts with identifying the right property management agency that can meet your requirements. To help with that, we’ve listed the top 10 property management agencies in the Philippines.
KDCI Outsourcing is a leading global business process outsourcing company in the Philippines known for its efficient property management solutions. It offers reliable property management services such as tenant management, maintenance coordination, financial reporting, and lease administration, leveraging advanced technology for seamless operations. KDCI Outsourcing primarily serves property owners, real estate investors, and property management companies in the United States, UK, and Australia seeking cost-effective and reliable property management.
Located in Bonifacio Global City, Taguig, Philproperty Expert is a leading real estate service provider in the Philippines specializing in comprehensive property management. This real estate company offers end-to-end services for property management, including maintenance, tenant relations, lease management, and financial reporting, ensuring high property value and tenant satisfaction. Their target market includes individual property owners and property developers.
Kondo Ko is a specialized property management company focused on condominium properties in the Philippines. They provide personalized and reliable property management services, such as tenant screening, rent collection, property maintenance, and condominium association management. Kondo Ko’s target clients are condominium owners, homeowners' associations, and developers seeking dedicated management services.
Colliers is a global real estate services company with a significant presence in the Philippines. It offers a wide range of property management services, such as asset and facilities management, financial services, and advisory services — all enhanced by advanced technology and data analytics. This property management company caters to commercial property owners, institutional investors, and large real estate developers.
CBRE Philippines, a part of the largest commercial real estate services firm in the globe, provides full-spectrum property management services. Their offerings include facilities management, financial management, portfolio optimization, and tenant representation, focusing on maximizing property value and operational efficiency. Their clients are large-scale commercial property owners, multinational corporations, and institutional investors.
Acropro PH is a dynamic property management company recognized for its innovative solutions and client-centric approach. They offer property maintenance and inspection, renovation services, and financial reporting, emphasizing transparency and efficiency. Acropro PH serves residential property owners, small and medium-sized investors, and developers.
Santos Knight Frank is a premier real estate consultancy in the Philippines offering integrated property management services. Headquartered in Makati City and Cebu City, the services of this real estate company cover facilities management, lease management, and financial services — all tailored to enhance property performance and tenant satisfaction. They cater to commercial property owners, institutional investors, and high-net-worth individuals.
Bed&Go is a Philippine-based Japanese real estate company specializing in end-to-end management services including guest services, buy and sell, and property management. Placing a high value on professionalism, hospitality, and warmth, Bed&Go’s real estate services promise a hassle-free experience for owners and a memorable stay for guests.
CPMG Inc. (Consolidated Property Management Group Inc.) offers comprehensive property management services in the Philippines. They provide tenant management, property maintenance, financial management, and lease administration — focusing on maximizing property value and tenant satisfaction. Their clients are residential property owners, small to medium-sized investors, and condominium associations.
Located in Bonifacio Global City, KMC Savills is one of the leading property management companies in the Philippines that provides holistic property management solutions. Their services include facilities management, tenant relations, financial services, and asset management — utilizing extensive market knowledge and advanced technology. This real estate company serves commercial property owners, institutional investors, and multinational corporations.
Finding someone you can trust to oversee the care and upkeep of your property can be incredibly challenging, especially with hundreds of property management agencies in the Philippines.
At KDCI Outsourcing, we take the guesswork out of property management services. Tell us your requirements, and we’ll build you a custom offshore team of property management specialists who can manage your property remotely for you.
Interested in property management outsourcing? Contact us today!
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