Bank of England Mortgage Adds $222 Million in Annual Closed-Loan Revenue with Sales Boomerang
Bank of England’s qualifications support team helps credit-challenged borrowers get approved for more loans — and in so doing, helps the bank’s mortgage division produce more revenue. Using Sales Boomerang, Bank of England Mortgage now knows exactly when to re-engage turndown prospects. And since adding additional Sales Boomerang alerts, Bank of England Mortgage is turning even more overlooked loan opportunities into satisfied customers and funded loans.
- 12% conversion across five different Sales Boomerang alert types
- $222 million a year in closed-loan revenue that would otherwise have been overlooked
- Individual LO productivity boosted by up to 5 applications per month
- Fewer EPO penalties paid by Bank of England Mortgage
See why Bank of England Mortgage says “there is no question” Sales Boomerang helps loan officers close more loans and branches make more money.