You have to know the exact moment that one of your borrowers needs a loan. Your technologies must be in place to act on that knowledge. Here are 6 reasons Mortgage Marketers like you are loving the Sales Boomerang Borrower Intelligence System.
Mortgage lenders using Sales Boomerang experience retention rates of greater than 60% compared to an industry average of less than 20%. The average borrower experiences 10 mortgage transactions in their lifetime. How many should you capture? The answer is 100% of them!
My top performing LO attributes 25% of her business to Sales Boomerang alerts.
For every $1 they spend with us, they get $24 back. Their secret is that their conversations with borrowers are always relevant, in fact, they are welcome. Half of borrowers will move forward with the first lender they speak with, but borrowers will ignore future outreach if the message is irrelevant to them. Your LOs have to be the first lender 100% of the time when your borrower needs a loan. Borrower Intelligence lets you nurture all contacts and leads at the right time and for the right reasons – ahead of your competitors.
A small change in retention has a dramatic impact on revenue. Imagine if you could press a button and add 20% to your total loan volume.
The cost of acquiring a loan varies greatly in the mortgage industry, but it typically falls in the range of $1,500-$2,500. If you’re looking for ways to reduce the cost of doing deals, then take a look at Sales Boomerang, where our clients are saving 80-90% of the cost to acquire a loan.
The stakes are high for executives at lending companies. Half of borrowers will move forward with the first lender they speak with, but borrowers will ignore future outreach if the message is irrelevant to them. Your LOs have to be that lender 100% of the time when your borrower needs a loan. Borrower Intelligence lets you nurture all contacts and leads at the right time and for the right reasons – ahead of your competitors.
Sales Boomerang clients don't just retain their borrowers, they retain their employees. Our clients see adoption rates as high as 85% in just 6 months, because their LOs see the increase to their volume. To be successful and competitive with LO retention and recruiting, you need to utilize marketing and borrower intelligence tools that maximize the earning potential of your LOs.