Showing posts with label loan origination. Show all posts
Showing posts with label loan origination. Show all posts

Sunday, November 18, 2007

Mortgage Sales - How Brokers and Loan Officers Can Avoid Burnout

By far, the greatest beginning of burnout for mortgage agents and loan officers, along with any other gross sales job, is disbursement clip with people who don't desire to make concern with you. (Rejection.)

The 2nd greatest beginning of burnout, which is related to the first, is not having a changeless watercourse of qualified prospects to pass your clip on. (Lack of an organized mortgage selling SYSTEM.)

Let's reexamine the four criteria that volition aid you get rid of the defeat of cachexia your clip on rate-shoppers, tire-kickers, 'looky-lou's' and other time-wasters.

Your prospect must be:

1. Pre-interested. Somehow, you've gotten them to raise their handand express their involvement in what loan merchandise or service you have.

2. Pre-qualified. They are in your marketplace AND they have got the involvement and ability to travel through with the transaction.

3. Pre-motivated. The desire to make concern is already there. Trying to actuate it there for them is like pushing twine uphill!

4. Pre-disposed. They desire to make concern with you. You've positioned yourself as the individual to acquire a mortgage from... and they aren't going to turn around and acquire it from their brother-in-law!

Notice that each of these criteria begin with the prefix pre? There's lone ONE manner to acquire people to reach you AND already have got got them ran into your criteria: some word form of effectual Pb generating advertisement that acquires the prospects to raise their custody and then sift and kind themselves before you ever speak to them.

It's the ONLY manner to acquire maximum-money in minimal time... which, frankly, is the lone manner to create-wealth; and the only manner NOT to stop up hating your mortgage career.

Even if you DON'T have your selling program in place, clear your prospects through those 4 criteria immediately! Then utilize the other clip to develop you selling systems.