Posts Tagged ‘Mortgage Marketing’

Mortgage Marketing, 5 Tips to Live by

Wednesday, September 1st, 2010

For those of you working in the mortgage industry it is very important to keep your mortgage marketing activities in your daily activities. Here are a few helpful tips to keep in mind. Some may seem obvious. But please read on, they come with a fresh new outlook and revisiting the basics once in a while never hurt anyone.

1. Business Cards

It is very important to market yourself via business cards. You should be making a conscious effort to hand out ten per day at the very least.

Have them on you at all times, and keep a supply in your car just in case.

When doing business with someone, don’t give them just one business card, give them two, and ask them to refer someone to you.

2. Mailers and Reminders

Keep a tickler file handy on all of your customers birthdays, kids birthdays, and anniversaries. Send them a card to wish them well on their special occasion. They won’t be expecting it, making them all the more appreciative, it also keeps you in their thoughts, reminding them that they know a mortgage specialist that they can refer should the topic ever arise. It also gives you a reason to send out more business cards and keep them circulating.

Remember, the average home owner refinances, or purchases on average every three years, so it is important to stay in front of your customer.

3. Phone Numbers

Giving your phone number to your customer seems obvious, but it is equally important to give them your cellular phone number as well as your work number, and let them know that they can feel free to call you at any time, this will personalize the relationship you have with your customer and give them a comfort zone where they feel as though they can really trust you.

4. Become Active

Become active in local organizations and charities, here are a few examples:

• Chamber of Commerce

• Rotary

• Lions Club

• Networking Groups

• Church

• Local Youth Athletic Associations

5. Apparel

Wear your company’s logo, It doesn’t hurt to have a few polos or dress shirts in your wardrobe with your company logo on it for attending special events or just going out to lunch, lets face it, it’s free advertising, and it shows that you take pride in the company that you work for.

To sum it all up, you basically want to keep your name and your face in front of prospective customers. When they need a mortgage product you want them to think of you and you only.

John Santorineos Mortgage Speaker

Sunday, August 29th, 2010


John Santorineos, Mortgage Speakers Bureau, Title: Turbo Charge Your Realtor® Referrals within 90 Days, Loan Officer Training and Mortgage Marketing Tips

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.

What To Do Now? – Mortgage Marketing Minute

Friday, August 13th, 2010


Another mortgage marketing minute by Brian Sacks.

Mortgage Marketing at the Time of Recession

Monday, August 2nd, 2010

If you sell mortgages then you will be aware that times are tough at the moment. Many people are worried about being committed to a mortgage when their jobs may not be that safe. Banks are also more cautious about lending money which is making things difficult for everyone. It is a good thing that people are cautious in some ways but it is not good for those that rely on selling mortgages to make an income.  It could be a good idea to brush up on your skills though because once the market picks up, there will be a lot of competition to get people to sign up. Imagine if you do a mortgage marketing services course, you can get all of your skills up to date and ready for when the market picks up. It could be a great opportunity, while things are quiet to take some time out of the sales side of things and learn some new things. It should not only make you seem more attractive to customers because of your increased skills but also you will benefit from them.

 

You may find that it is beneficial to brush up your mortgage website. It will be a good time to think about whether you need to change the design of your site and whether it can be improved at all. It might be a good idea to improve the way that it is marketed because that will not only help it to attract more customers but also means that the right type of visitors go to the site. This is what a mortgage marketing course could teach you to do. Of course, you might be better of paying a professional website person to help you with this so that you can ensure that you get the best possible promotion for your business. It may be well worth the investment as they are likely to have a high level of expertise and this professional level may be well worth it.

 

So during this quiet time, spend some time and money improving your services so that when the market recovers you will be in the best position to offer a great service to your customers. It may seem like the wrong time to invest, but it will put you above your competitors and make sure that you are prepared for all the business that will come your way.

Mortgage Broker Marketing Introduction | Financial Marketing Service

Tuesday, July 27th, 2010


www.OrphicMarketing.com Lead generating internet campaign service for marketing mortgages and financial services online.

# 5-7 FREE MORTGAGE TRAINING LESSON LOAN OFFICER SURVIVAL

Saturday, July 24th, 2010


# 5-7FREE MORTGAGE TRAINING LESSON LOAN OFFICER SURVIVAL: WORKING WITH PUSHY MORTGAGE SALESPEOPLE LIKE YOU “Mortgage sales floors are completely different environments than a lot of jobs. In sales, people tend to be very proud and ego driven in their work. It’s in their makeup. In this mortgage training lesson, we’ll go over several different types of sales people and how you can handle them effectively. Only the fittest survive.” This free mortgage training lesson has been brought to you by Battlecall.com. Audio lesson courtesy of Erik Webster. ABOUT US: Visit Battlecall.com for our FREE “Sink Or Swim” loan officer newsletter, mortgage training, mortgage marketing advice and more. We have thousands of resources to help you close more loans in less time and make more money. Stop wasting time on deals that don’t close! Become a Battlecall Warrior today and learn how you can win the mortgage war… www.Battlecall.com

Mortgage Marketing Strategies

Thursday, July 22nd, 2010


Geting Maximum Response on Mortgage Marketing Postcards

Monday, July 19th, 2010

To many mortgage professionals, the decision to start a direct mail marketing campaign is often a difficult one. The primary reason for this difficulty being the cost of mailing and maintaining such a campaign. The term Direct Mail is itself a broad categorie and further sub categories branch out of this trunk.

I would like to talk about one of them today, namely; mortgage marketing postcards. In order for your postcard campaigns to get a decent ROI, you will need to consider the following factors while setting..

The List

This is perhaps the most important piece of the whole puzzle while you are trying to discover that winning combination. Using a low quality list will kill your campaign before you even begin. While choosing a list for your post card campaign, it is very important that is the most updated. It does not make sense to hit a 6 month old list with a postcard that talks about getting out of an ARM. Your postcard will not get any attention from some one who has already taken action on their situation and this will kill your campaign performance.

One very important point to consider; you should try to get as specific with demographics as possible about your target audience. One thing you should keep in mind is that while sending out postcards, the list is not where you should be turning corners to cut costs as it might mean greater losses for you when your campaign does not perform in the way you would like it to.

Define your USP

Quite a number of mortgage brokers as well as bankers tend to ignore this aspect of their business. Being everything to everyone does not work. This dilutes their efforts and marketing message among tens of other competitors. To the consumer, you are no different than the one you are competing against.

Sending out mortgage postcard is not different. Your postcards should have a well defined unique selling proposition which is designed to appeal to the senses of only one (1) segment; your target market. This is where the list ties in with your unique selling proposition. Taking the examples of first time home buyers, your list should be targeted towards affluent renters who are willing and able to buy while your USP should clearly speak to their desires to own their dream home.

Test, test and test some more…

If you want your mortgage broker postcard campaign to meet with any success at all, this is a process that you will have to go through. You should ensure while designing your postcard that your headline does not articulate more than a single message. It should be simple, short and easy to understand and should solve a problem for your prospect. It should be accompanied with an image that is relevant to the headline. You should then give details of your USP at the back of the card. Even if you think of the best headline, image, layout, colors and USP, it will still need tweaking and testing. Untill you reach the optimum level for your postcard campaign, you should keep on testing and tweaking..

Taking care of the above points while preparing your mortgage marketing postcards campaign will ensure your success with your marketing campaign. Implement these simple tips into your postcard campaign and track the increase in your ROI.