Posts Tagged ‘Loan Officers’

Mortgage Marketing, Concepts for the Future and From the Past

Thursday, August 26th, 2010

For both new and experienced loan officers looking to market their business to drum up some mortgage leads, consider a couple of old and new marketing concepts.

It is the twenty first century and it seems as though just about everybody and their brother is blogging. So why not build a mortgage blog just for yourself?

If you are sitting there thinking that you are not that computer literate or you are not a computer programmer, don’t worry, you don’t have to be. Setting up a blog is absolutely free and it is very easy. It only takes about five minutes at the most.

Once your blog is in place, you can post news briefs and short articles about your business and your products. You can also encourage others in the mortgage industry to post mortgage related topics also.

Blogs are great for mortgage marketing because it gives you another tool to work with. You can invite potential customers to visit so they can know more about you, your company, and the products you have to offer.

Be sure to put your picture on your blog. This will help the customers that you will not meet in person be able to put a name with a face. This is great for building relationships and this will give your long distance customers a little bit more of a comfort zone when working with you.

You can also invite friends, family, associates, and referral sources to visit and learn more about your business and products as well.

And don’t forget to put your blog address on your business card.

Speaking of business cards, this has got to be one of the easiest and cost-effective ways to market your business.

There is no reason why you should not be handing out ten business cards a day to potential customers and referral sources.

Business cards should be with you at all times and a separate supply should be kept in the glove box of your car at all times just in case.

Also, always give out two business cards, one for your customer and one for them to give to a friend or family member.

Mortgage Marketing Over the Phone

Tuesday, August 24th, 2010


For mortgage brokers and loan officers, marketing your products and services can be done in a variety of ways. From business cards to mailers, to face to face meetings.

Perhaps one of the trickiest methods of marketing ourselves and our mortgage products is over the telephone.

The telephone offers many challenges. For starters the potential customer is unable to put a face with your name, which more often than not leads them to draw inferences based on the sound of your voice. This may or may not be a good thing.

Also, these days everybody has caller id and has the option to screen your call should they not be in the mood to discuss mortgages. Many times you can be left hanging with nothing but somebody’s voice mail and never have an opportunity to speak with your customer.

However, voice mail can actually be considered a blessing in disguise. Here is where you have an opportunity to dangle a carrot in front of your customer.

If you just so happen upon a voice mail while cold calling, don’t just leave your name, number, and the company you work for with a hint of disappointment in your voice, be sure to leave them with a reason to call you, make them wonder what you meant behind your message.

Say something like this;

“Good evening Ms. Jones, my name is Jon Smith and I work for XYZ mortgage company. I understand that you are interested in a mortgage. I have looked over your scenario and I believe that I have the right product to meet your needs, so please give me a call back at a time convenient for you. Thank you.”

And smile while you are talking, the inflection will come out in your voice.

Another challenge you may face is when a customer tells you that they need to speak to their spouse before making a decision.

Should this happen, ask if their spouse is available now, and if so, ask to speak with them now.

If not, ask if there was anything that you did not explain clearly enough and that you would be happy to go over everything again.

If this doesn’t work, back off and ask if you may call back at a designated time convenient for your customer.

The more you cold call and work the phones the better your mortgage marketing skills will become over the phone. And as long as you know your products and you are prepared to explain them, success will come all the easier for you.

how to find a loan officer, local loan officers, mortgage brokers, mortgage marketing

Tuesday, April 6th, 2010

Loan Officer List.net, how to find a loan officer, local loan officers, mortgage brokers, mortgage marketing

Co Branded Mortgage Marketing | Mortgage Software | Loan Officer Marketing

Monday, April 5th, 2010

Co-branded mortgage marketing such as www.ezmortgageflyers.com and http helps loan officers provide value to Real Estate Agents and boost originations. Easy mortgage software are powerful loan officer marketing tools.

Time-Saving Mortgage Software Boosts Mortgage Marketing ROI for Loan Officers

Sunday, March 21st, 2010

The main purpose of effective mortgage software is to save you time. Loan officer marketing tools such as www.ezmortgageflyers.com and http produce stunning mortgage marketing in very little time.

Foreclosure Marketing Equals Mortgage Marketing Success

Thursday, February 25th, 2010

www.hblmarketing.com Mortgage marketing success utilizing the foreclosure and FSBO market with the HBL system. See how loan officers & agents are gaining their buyers utilizing the HBL system.

Free Mortgage Marketing – Website, Online Marketing, More!

Friday, February 19th, 2010

A 1 week intensive marketing workshop – Free for loan officers. Get your own website, online marketing plan, and more. www.loanofficermarketinglab.com

Mortgage Marketing: Proof This Works!

Monday, February 8th, 2010

Loan Officers are sick and tired of wasting time and money on ineffective mortgage marketing strategies. Need to see proof of what works? This video demonstrates exactly that. Take a look at: www.loanofficermarketinglab.com to enjoy more hype-free mortgage marketing instruction.

7 Mortgage Marketing Tips for Loan Officers

Wednesday, February 3rd, 2010

It is our intention that these marketing tips will help you avoid common mistakes made by the majority of loan officers. Heed this advice!

Mortgage Marketing Tip #1

Make your advertising and print media more effective by having a headline on everything: letters, greeting cards, ads, everything.

Headlines are what get the reader. They make them want to read more. They tell the reader what benefit he/she will get from reading more. And that’s exactly what you want them to do.

Make the headline powerful and include a benefit.

Examples:

3 things you can do today to improve your credit
Here’s something you might enjoy…
I started thinking of you when I read this article…

Make sure to include a headline in all your media and it will increase your results.

Mortgage Marketing Tip #2

When you do something for a client, brag about it.

What I mean is, if you accomplish something, make it a big deal.’

“Mr. Hity, I was holding my breath for a while, and that collection on your credit report made it real close, but I fought for you and got the lender to approve your loan!”

That’s a lot better than saying, “Hi, your loan was approved today. Congrats.”

Make yourself out to be the valuable professional you are. Make sure that your clients know exactly what you do for them.

Mortgage Marketing Tip #3

Write thank you notes to people everyday.

This one mortgage marketing tool can make you so much money your head will spin. Everyone loves to be appreciated and acknowledged. Being nice and having manners are a thing of the past. But when you take the time to thank someone, you connect to them on deeper level.

Get yourself some thank you cards from the stationery store and thank people who did something for you today. It could be for anything,

Thank your mailman for bringing the mail up to the office. Thank the underwriter for a speedy decision
Thank your client for calling to say they would be late
Thank the realtor for the referral.

These cards can make someone’s day. And you really stand out from the crowd as a caring mortgage professional when you use them.

Mortgage Marketing Tip #4

If someone answers your phone for you, have him or her use the following line.,

“He/she is working with a client right now, let me see if he can take the call.”

This does a couple things,

1. Makes you seem busy even if you are not. This shows the client that you are in demand and confirms that he made a good decision by choosing you.
2. Allows you to not talk to people you do not want to talk to
3. Allows you to say to the caller, if you pick up, that they are important enough to you to interrupt an important client meeting.

This might not be a “traditional” mortgage-marketing tool, but it will make you more desirable. And while it will not make the phone ring more, when it does, you will get respect from those on the other end of the line.

Mortgage Marketing Tip #5

CANI

Constant and Never Ending Improvement
Do something everyday to improve your business. 1 small change everyday can make a huge difference in a couple months. Implement one mortgage marketing tool at least once a week. At least.

Over the course of a couple years, the results will be dramatic.

Just one small thing is enough. Examples are:
· Hanging a certificate of completion on the wall
· Hanging a testimonial on the wall
· Adding a signature to your emails
· Adding a small consumer article to your website

Mortgage Marketing Tip #6

Look at other businesses for great ideas to adapt to your business

Most innovations come from other businesses.

Like the drive thru window. Who knows who started it, but fast food places use it, banks use it, pharmacies use it, and even restaurants are experiencing success with it.

What new services do you use that make your life easier? Can you adapt these to your business? How about emailing potential customers the interest rate everyday if they request it? Or Providing a Post-Closing Kit with items clients will need when moving?

You can use the marketing tools from other businesses too. If you see a marketing piece that really gets your attention, think about how to adapt it and use it in your business.

Mortgage Marketing Tip #7

It doesn’t matter how good a loan officer you are – if you suck at marketing, you will starve.

Knowing how to get clients is infinitely more important than any other knowledge you may attain.

Tony Robbins is not the best NLP trainer out there, but he is the richest because he knows how to market himself.

The Men-Mars, Women-Venus guy is not the best marriage counselor out there, but he sure made a killing in books, tapes, and seminars.

How much money you make has very little correlation to how much you know. Of course you must know the basics, but other than that, it makes very little difference at all.

He who markets best, makes the most money.

Ameen Kamadia

Ameen Kamadia, “The Millionaire Loan Officer” is a mortgage consultant, coach and trainer. For more free tips and strategies visit http://www.mortgagebrokertraining.com