Archive for Mortgage Training
Mortgage Marketing Predictions for 2012
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So now that we’ve turned the corner, wrapped up the holidays, and have a whole year ahead of us – It’s time to seriously ponder what the heck we’re going to do in 2012! The market is not static, as we’re faced with an ever increasing variety of options to consider investing our time in.
While there are no guarantee’s, I have assembled a short list of marketing trends that we’ll witness in 2012. Let’s have a look shall we?
Mortgage Marketing Prediction #1 – A database will be more important than ever before
Follow up marketing has always been 1 of the critical components of mortgage marketing. That has never changed. However, as social media and SEO play an ever increasing role in lead generation efforts for loan officers, those who have the fore-sight to capture important data (Email, profile names, etc.) and build their online audience will dominate.
It will become even more difficult for those without a database to compete with those who have created, or are in the process of creating a database. Of course, having a database is not the same as making use of it. This will of course be the determining factor.
Mortgage Marketing Prediction #2 – Google will make it easier to implement SEO with Google+, and more difficult to implement without it.
We’ve already seen some small movement in this area in late 2011. In 2012 I am predicting that Google will continue to place growing importance on your entire online “foot-print” – Which includes Google+. The more information Google has about your website, and who it targets – The easier it is for them to mark you as relevant, or non-relevant.
This is the primary goal of SEO right? Relevancy… If we make that job easier on Google, there is a very good chance that our goal of top rankings will become a bit easier as well. Please note this is speculation at this stage. (Just insulating myself from angry comments demanding proof.)
Mortgage Marketing Prediction #3 – Social media will continue to play a larger role in SEO
This prediction was a no-brainer for me considering that one of the top criteria of search engines these days is “popularity.” The search engines want to see proof that your website is hot, that people care about your content.
Social media is a powerful indicator of how many, and how much people care about what you have to say. If your website is tied in with your social media efforts, you have a distinct advantage over your competition. My prediction here is that we’ll see this happen to an even greater degree in 2012. Google made some very telling aquisitions in 2011 that indicate they are paying very close attention to your social media activity.
My guess is that we won’t have to wait long to see the results of this practice.
Marketing Prediction #4 – Loan officers and Realtors at the top of their game will continue to work together in a wider range of activities
Along with follow up marketing, maintaining a source of regular referrals is one of the quickest, effective, and reliable ways to generate endless leads in this industry. There’s no way around the fact that Realtors continue to control the decisions of more than 61% of all home buyers.
Those who tap into this source will likely find high performance Realtors more willing to join efforts on seemingly more difficult tasks that we all know we need to be engaging in. (Such as social media, SEO, blogging, etc.)
Think of it as “group marketing” or “crowd-sourcing lite” – Sharing in tasks that are mutually beneficial is as old as marketing itself. My prediction is that we’ll see this in action even more in 2012.
Mortgage Marketing Prediction #5 – Loan officers who ignore the marketing trends will find it more difficult to originate
This is one of those “well duh” moments right? The reason I included this in my list of predictions is to illustrate how much marketing and originations have changed in the last 2 – 3 years.
In 2011 we were privy to study after study demonstrating that buyers rely more heavily on the web now more than ever. Even as we shifted our focus to the web, the trend continued as more buyers began to rely on social media, and mobile platforms.
If we don’t market in a way that caters to the way our prospects buy, then we’re only going to fall further behind. Not a great way to kick off 2012! With the surge of sites such as Facebook, LinkedIn, and other social platforms it has become easier than ever before for your competition to stay in front of large groups of prospects on a regular basis.
If you’re not using these tools yourself, then your competition is being heard far more often than you are… Certainly not a scenario we wish to encourage! My hope is that you’ve already begun to implement your marketing efforts and plan for 2012 – I wish you all the best this year, and I’m certain we’ll chat again soon. Make it a great 2012!
A Quick Message to Loan Officers
Posted by: | CommentsA quick Christmas Eve message from me to you… Happy holidays to all of you!
Obsession and Marketing
Posted by: | CommentsI’m going to break from tradition and post my opinion on something… (Oh no! Gasp!) Sure, this might be a bit controversial to some, but my goal is to open more eyes to new ways of looking at your own career as a loan officer – And what often goes wrong with the marketing efforts. We’re not talking “technique” today – Nope… Today we’re talking about obsession. (Anyone else who still thinks of a fragrance when they hear that word?)
Are you ready for the controversial part of the post? Good, because here it comes: “My assertion is that many loan officers are not successful with their marketing efforts because they are not obsessed.”
Wait, wait wait… Before you leave this blog and delete it from your favorites for making such a crazy statement, let me explain where I’m going with this. How many success stories have you read about, or watched on TV? We’re talking professional athletes, Olympic contenders, amazing musicians – Or really anyone who absolutely excels at a particular skill. What do they all have in common? Read More→
Undeniable Proof: If You’re Not Marketing Online, You’re Losing Out
Posted by: | CommentsI’ve been talking a lot about how important SEO is, marketing online, having your own website (That is properly structured and marketed) for quite a while now. Many times I like to throw impressive statistics out there on my webinars for loan officers to consider as well…
But today I’m going to take another approach. I’m going to post straight from the source undeniable proof that if your mortgage marketing does not include a well structured website, SEO, and additional web marketing – Then you are putting yourself at a severe disadvantage.
See the slides I posted below? The National Association of Realtors does a great job of surveying home buyers and sellers throughout each year. At the end of each year (They’ve been doing this since the 90′s) they compile all of the surveys and put them into a book that you can purchase that provides a veritable X-Ray of how buyers and sellers shop, make decisions, use tools, etc… In other words, it’s a book that tells you (We are in a purchase market right?) exactly what you need to know about your prospects.
I posted a slide-show of the first 40 or so pages so that you can see what’s happening with your potential borrowers these days. Keep scrolling to see a list of the most important slides:
Let’s look at some of the more important slides:
Slide 11: This statistic reveals that 81% of home buyers viewed the internet as “very important/helpful” to finding their home/making a decision. That’s an impressive number all by itself, but consider the fact that it perfectly matched that the same percentage of buyers (81%) viewed their real estate agent as “very important/helpful” in the process… In other words, the internet is every bit as useful in the eyes of home buyers as their own real estate agent!
I’ll just let that one sink in for a few moments… This is big news that needs to be taken seriously. The message we’re being sent is that if we market to buyers (The people that need home loans) then we NEED to be online! Comparatively, only 15% of buyers found the web important, and only 17% found billboards important. Yard signs? 41%… Open Houses? 39%. None of these came close to the web. Traditional marketing strategies don’t carry the same weight they did even 10 years ago.
Slide 15: the main take-away here for me was the fact that 64% of buyers used the first agent they spoke with. 64%! So if we already know that 90%+ are going to the web to search, and that 91% of web users don’t bother with page #2 of the search engines… Are you seeing what I’m seeing? That’s right! If you have a search engine optimized website that is on page #1 of Google, then you stand a good chance of capturing these leads and borrowers before anyone else! Sure, you’re not a real estate agent – But these are people who are not paying cash – They need loans!
The leads are there for the taking for loan officers who are pro-active!
Slide 30: This slide showed the stats on how frequently home buyers used available resources for home shopping. The #1 spot? The internet! 74% of home buyers stated they “very frequently” used the internet. 69% stated they “very frequently” used their Realtor… Open Houses? Just 12%… Print media? 9%. These stats are coming right from the horses mouth here, and the picture being painted is quite clear: The web is where all the home buyers are going on a very regular basis!
Slide 34: 45% of home-buyers who used the internet took action and physically toured the home, another 21% drove by the home in question, and 29% found their Realtor this way.
Do you see the importance of a web presence now? These stats have grown from year to year as the web continues to absolutely dominate this mortgage/real estate market as the key lead generator. If you haven’t taken action yet to get your own free website installed, here’s that link again:
http://samplesite.freemortgagewebsite.com
It’s time to claim a piece of that marketing pie for yourself! See you there!
The Big News from Facebook F8 Conference?
Posted by: | CommentsWow… I just took a look at the all new Facebook “Timeline” as it has been dubbed, and there certainly are a lot of changes being made this go-round! Before I share my own personal thoughts on these sweeping changes, I decided to share the link with you first to get your thoughts… So what do you think of the new direction Facebook is headed? Yay? Nay? Love it? Hate it? Total uncertain what to think? haha
Mortgage Marketing Twist Webinar
Posted by: | CommentsIf you missed our latest “Mortgage Marketing Twist” webinar, here’s a 2nd chance to get the critical details. This webinar gives you a glimpse at what problems can be found with most marketing strategies sold to, or used by loan officers today. See what the problem really is, and learn how to finally get the mortgage marketing results you really want. If you need a larger video player, click the icon in the lower right corner of the video below for “full screen” mode:
Special Offer (Extended for Replay) expires soon! Incredible $150 discount:
New Google Places – Coming To Your City!
Posted by: | CommentsHot on the heels of all the Google+ action is the all new, more “integrated” form of Google Places! After a number of webinars and step by step training for loan officers on how to make use of Google Places as a lead generator, it looks like I’m going to need to run another one to demonstrate this all new, even more powerful “community-driven” version of Google Places.
It looks like Google is committed to remaining the top dog in the world of internet search. But this launch of an all new Google Places is far reaching and extends beyond just the world of Google and local search. Remember, the other tier 1 search engines often play “follow the leader” when Google does something big.
So take a look at the new Places format by clicking on the image below and spend some time browsing the new format. (Still in testing mode) Expect to see this layout and these types of features soon in your own city.
With these new features you will soon be able to grab large amounts of exposure for your own business through the community/Review/Spotlight/Offers features. Why not have a look now?
So what does all of this new technology mean for you as a loan officer? Wondering how you can harness the power of Google, and other online tools as a means of generating leads whenever you need them? This Friday (The 22nd) we will show you exactly what you need to do. Join us for a 45 minute demonstration of what you could, and should be doing with all of this new technology hitting the web. (Google+, Google +1, Facebook Business Pages, etc.)
These tools can serve as time wasters and money pits, or they can serve as a unique, and reliable method for generating all the business and leads you could ever want. The choice is yours. Join us and we’ll show you a method that has proven to work in the real world – Not just on paper… Here is the link to get the details:
Need A Google+ Invite? I can help!
Posted by: | CommentsThere’s a lot of buzz about the new Google+ social media network. In fact, it’s been reported that in less than 1 week more than 10 million people joined despite the fact it is in beta mode! Not bad, not bad… The draw back? Unless you receive an invite from an existing member, you can’t get in for the time being! This kind of stinks for those who wish to start brushing up on the new system right away.
I’ve got you covered! Fill in the form below and follow the instructions. I’ll get you out an invite within 24 – 48 hours! It’s important to note that Google only allows a limited number of invites to be sent and approved per day, so you may or may not get in right away. The sooner you send your request the better! (A little bribery once in a while never hurt eh?) See you on Google+!
Big News Sooner Than I Thought!
Posted by: | CommentsTalk about good timing! Just as I was making a big deal out of Google and their +1 program, Google comes along and announces their entire Google Plus project! Just how big could this be? Judge for yourself by watching the previews below… Don’t forget to scroll to the bottom and signup to help “test” Google+!
There are demo links below as well. This has the potential to be absolutely huge. Not saying it’s the next big thing, as we should take a “wait and see” attitude. But with Google pushing this so hard, and with 2 previous failures at entering the social media landscape under their belt; Maybe they learned from their mistakes and have hit the nail on the head this time? Take a peek:
Online Mortgage Marketing: Big Changes Ahead
Posted by: | CommentsThe landscape of Google is changing, and there’s no looking back. Back in April of this year I called an emergency webinar meeting with Loan Officer Marketing Lab members to discuss the latest experiments with Google +1, a new tool that functions quite similar to Facebooks “Like” button, but incorporated into the search engine. The reason for the rushed meeting was to communicate what Googles commitment to incorporating social media into the search function really means to those of us using SEO as a lead generator.
At the time I was suggesting that the implications could be that Google would Read More→



