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6 Reasons Why Lenders 
Can’t Live Without Sales Boomerang

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.

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how to beat the competition in the mortgage industry

1. They retain their borrowers 3x more than the competition.

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!

"In the first 4 months we took in $180M in applications and we have about 100 LOs. That is a significant impact to our business. "

My top performing LO attributes 25% of her business to Sales Boomerang alerts.

Katherine Campbell
Chief Digital Officer | Assurance Financial

 

2. AVG ROI at 24X is something to brag about

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.

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3. AVG lift to loan volume is 20%

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.

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How to generate mortgage leads with Sales Boomerang

 

4. AVG cost of acquiring a loan is $299

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.

"Look at the opportunity cost you have by not having Sales Boomerang. Last year we closed over $72M in loans that we would have lost from not having Sale Boomerang "


Stephen Barton
SVP, National Retail Growth | Eustis Mortgage

 

5. Conversations are always relevant, in fact, they are welcome

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.

happy couple meeting broker who retained them using Sales Boomerang

"Sales Boomerang is a utility. It is a must have "


Larry Masino
Marketing Manager | Annie Mac

 

6. They see adoption rates as high as 85%

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.

Are you ready to recover the loans
you’re losing to competitors right now?

Schedule a demo, and we’ll also share exactly how much you’ve lost this year, which competitor took your deal, what was the loan amount, what type of loan it was, the term and much more.

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