Convert Asterisk and Hyphen to Lists

In the Notes and Sermon editors, I would like to be able to type an asterisk at the beginning of a line followed by a space and have that convert to an automatic bullet point. This would make note-taking so much easier! Right now on iPad, you have to tap three times through menus to get a bullet point, then go back to your keyboard to continue writing out the note. This is pretty common functionality elsewhere.

It would be great if Hyphen + Space worked similarly, but this is less important than bullet points.