Scaling a mortgage business requires a 360-degree effort. From staffing to workflow management and technology, growing a mortgage business is just as much about increasing intake capacity as it is about developing professional attributes such as branding. Even if you’re a one-person shop still a year or so away from expanding your business, it’s best practice to build a foundation that can scale with you. 

That said, this article will cover how to build a brand that’s pliable enough to meet your current business needs as well as your future expansion plans.

Then, we’ll give you ideas on how to use strong branding to fuel your mortgage business growth. Let’s dive in!

How To Create A Scalable Mortgage Brand

Developing a scalable mortgage brand begins with writing a mission statement that stands the test of time. It should be well-defined, simple, and honest about who your company is at its core. No matter how large your company gets, this mission statement will remain true. A simple guideline for writing a mission statement answers these questions:

1. What does your mortgage company do?
2. How does your mortgage company do it?
3. Why does your mortgage company do it?

After writing a 1-2 sentence statement that hits all three points above, you’ll be set with a branding foundation that you can use for everything from your business plan to advertising to scaling expanding your business.

Remember to add visuals! Graphics and color schemes are a memorable part of your branding story. While it’s expected that your visual brand will evolve over the years, it should remain relatively consistent to maintain that familiarity and relationship with your public. 

How To Use Your Brand To Grow Your Mortgage Business

Discover Your Target Buyer Personas

A buyer persona is a fictional ideal mortgage consumer. If you’re doing it right, you’d be able to answer questions like where your consumer lives, her income, his fears and drives, demographics, and shopping habits. 

Knowing your brand and mission statement will help you to discover who your target buyer is. Consequently, you’ll know what messages, content, and advertisements you should create to speak to this buyer effectively. Although it may seem like a minor exercise, knowing your target audience can decrease the cost of lead acquisition while also increasing the quality of the lead.

Understand Your Competitive Edge

The fact is that there will always be a competitor with a bigger marketing budget or more resources. But that doesn’t mean that you’re out of the race. Your mortgage business –its value, mission, service –are qualities and benefits that are unique to your business. 

So when attempting to leverage your brand to scale your business, think about what factors make your business attractive and unlike others. Use what you know about your target buyer persona to develop a list of benefits and features about your business and brand and use it as a framework for your marketing strategy to strengthen your reach. Here are a few examples:

• Transparent mortgage process
• Pressure-free self-serve application
• Investment property professional
• Tech-savvy government loan specialist
• Biligual loan services

Use Brand Awareness To Define Your Pathway For Growth

Brand awareness is the initial step of any marketing funnel and a critical component of organic mortgage lead acquisition. Not only does your brand communicate your value and purpose, but it also builds rapport and familiarity between your business and prospect. This awareness is crucial since consumers typically choose what they are familiar with when making purchasing decisions.

Now that you understand that there is “equity” in your brand, inject it into every touchpoint of the user experience. Just like building a long-lasting business, creating brand awareness requires constant effort for a sustained period. 

Be Social. Studies have shown that over 50% of a brand’s reputation comes from being sociable. Be active on social media by sharing content, replying to comments, commenting on other’s posts, and responding to reviews.

Humanize Your Content. Use personality and storytelling to give your brand depth and your prospects something to latch onto. You can do this by sharing client stories, lending scenarios, and even easy-to-read mortgage articles written in a friendly tone.

Technology + Mortgage Branding

A brand’s ability to scale your mortgage requires more than inserting a logo. To positively impact your marketing campaigns, consumer perception, and revenue, mortgage branding requires a 360-degree effort in awareness and consumer experience. At LenderHomePage, we understand this concept profoundly and have woven it into every mortgage software product we’ve developed. 

From our templated mortgage websites to the industry-leading Loanzify mortgage mobile app, our digital mortgage tools invite engagement, strengthens brand loyalty, and definitively set you apart and above your competition. We’re more than software developers. We’re your partners in digital mortgage business success. Click here to start a conversation. 

We’ve compiled a list of the topmost relevant, and useful online courses mortgage professionals need to thrive and grow their mortgage business to the next level. From digital marketing to customer service to branding strategies, these upper-level online courses are taught by professionals at the top of their game and will give you the launching platform you need to grow your business. 

Need more resources for scaling and completing your digital transformation? We got you covered! Explore our stackable and brandable digital mortgage platform that grows with your business. 

Leadership Assessment and Development 

This course by Udemy is a 2-hour deep dive into exploring and developing your leadership skills. More than the typical “business leader approach,” this course is a great foundation for growing a mortgage business and shows you how to create a resilient work culture and leadership mentality within your team to promote innovation, accountability, profitability, and loyalty. Learn more.

Performance Experts 

Taught by one of the nation’s top fifty producers of loan origination, Tim Braheem offers several coaching programs in an exclusive small group, online settings. His Leadership 360 course is open only once a year to 9 members are takes mortgage professionals through a year-long business and life coaching program to teach mortgage professionals how to build a sustainable business model that complements the desire for personal fulfillment. Learn more.

CORE Training 

Taught by trio Rick Ruby, Todd Scrima, and Reeta Casey, this program focuses primarily on leveraging healthy competitiveness within your workforce to elevate the entire team. There are three levels to this program, with the first requiring a 12-month commitment and comes with the promise of doubling your business after successful completion. Learn more.

Social Media and Digital Advertising 2021

Offered by the respected Mortgage Banker’s Association (MBA), this webinar provides upper-level insight into digital marketing and social media marketing for the mortgage industry in 2021 and beyond. With legal compliance, consumer trends, and evolving digital etiquette, knowing how to market your business is challenging. This course can be completed in a single session and will provide a solid foundation for establishing and maintaining a professional mortgage digital presence. Learn more.

Aligning Customer Experience with Company Culture

Offered by one of Linkin’s featured professionals, customers service expert Davide Brownlee provides insight into the customer journey. He shows you how the mortgage professional can add value to each phase to create an exceptional customer experience that results in happier clients, a supportive and satisfying work environment, and increased profit. Learn more.

Marketing Foundations: Automation

Named as one of Forbes 30 Under 30, Jon Chang teaches the foundations of automation in marketing, how to use it to drive efficiency, identify marketing opportunities, and develop retargeting ad campaigns with high conversion rates. The self-directed course has several case studies and can be completed in a day. Learn more.

Sales: Closing a Complex Sale

This 5-module course is a fast-track program for improving sales and closing skills. It helps originators understand the buyer’s dilemmas and offers solutions to simplify the buyer’s journey and value proposition. Taught by Jeff Bloomfield, trusted sales strategist and executive coach to senior executives of Fortune 500 companies. Learn more.

Advanced Mortgage Loan Processor: Essential Skills Training

Gain a more profound knowledge of mortgage processing with this essential skills training course. This program is perfect for the loan officer looking to branch out on his own or work independently alongside banks or lenders. Even seasoned brokers will find the lessons helpful in expanding their practice and training up a top-producing mortgage team. Learn more.

Optimize Your Google Ads Campaign

Go beyond the basics set up of Google ads and learn how to plan, execute, and optimize for mortgage lead generation. Taught by Google, this one-hour seminar will introduce you to the advanced features of Google’s ad platform and prepare you for creating powerful mortgage ads on both local and national levels. Offered on a rotating basis so check the calendar for the next available date. Learn more.

Brand Management by UCLA Extension

This higher-level 11-week course offered by working professionals is part of UCLA’s Extention program. Available in 100% online format, you’ll learn the development and application of a business brand and how to leverage this power to differentiate yourself from the competition. This course is ideal for mortgage brokers who are aggressively scaling their businesses. Learn more.

The mortgage customer experience (CX) refers to all the touchpoints and effort you put into making borrowers feel important as they interact with your business and move through the borrower journey. Although difficult to define the scale that measures CX success, make no doubt about it, customer experience is directly linked to your pipeline and funding rate. 

A recent study by PWC demonstrated this when they found that 86% of buyers were willing to pay more for a great customer experience, especially when it comes to big-ticket items. Yet another study, this one by Walker conducted in 2020, found that customer experience will be the key brand differentiator, overshadowing price or product. It’s just as alarming to see what negative customer service will do to a business. Current research found that one of the top reasons customers will change financial institutions is a poor experience. 

Knowing how crucial customer experience is to the digital loan process, we’ve tailored these three areas where you can enhance the digital mortgage customer experience. Let’s get started.

Understand the Borrower Journey 

The borrower journey is the roadmap of experiences that customers go through as they interact with your digital mortgage software and brand. It begins with their first impression –perhaps your mortgage website –and goes on long after they’ve applied. To begin enhancing it, consider the borrower’s needs, motivations, actions, and even barriers to action that they may encounter along the way. Ask yourself:

• What first motivated that borrower to perform that action? 
• What would motivate them to move to take the next action? 
• Are there any obstacles that prevent them from taking that next action? 

Keep in mind that obstacles may be caused by technology that is unappealing or difficult to use. Therefore, when choosing a mortgage software vendor to partner with, thoroughly consider how fun it is for your borrower to use in addition to its utility to you. 

Prioritize An Omnichannel Customer Experience

Modern digital consumers prefer to connect with mortgage brands across different channels. That means that your mortgage website, mobile app, social media profiles, instant messaging, mortgage POS, and any other channel must be on point and streamlined across the board.

Although every channel may lie on a different platform and serve a different function, the core purpose at each point should be to deliver an unrivaled experience and to guide the customer down the borrower’s journey. Streamlining and automation are crucial to a mortgage omnichannel CX, meaning data exchange between platforms –such as your LOS and mortgage POS –should be fully integrated. 

Proactively Engage With Your Borrower

Innovation with real-time and self-serve functions empowers customers and helps them develop a deeper commitment to your brand and see the application through to funding. Here are a few of the high-value ways that you can proactively engage for a better CX:

• Automated Notifications – Customers appreciate reminders and notifications that keep them informed and provide gentle nudges to take the next step. These can come in automated SMS messages, email notifications, and dynamically updated borrower timelines.
• Educate Customers – Provide a library of articles and video resources for customers to devour on their own. This, too, is part of the borrower journey as many borrowers spend time learning in their consideration phase. 
• Easily Accessible Information – Remove the obstacle of requiring the borrower to ask you for information. A borrower portal that shows what documents are pending, accepted, and next steps are standard. Take it a step further by providing downloadable approval letters, too!

LenderHomePage Elevates The Customer Experience In Lending

In a nutshell, within the customer experience lies a massive and untapped potential for growth and your competitive edge. But you’ll only go as far as your mortgage software platform can take you. We set to develop the preeminent mortgage suite as functional and flexible as it was a delight to use for both mortgage pros and their borrowers. Contact us today to discover how easy it is to kill the competition with a stellar CX powered by LenderHomePage. 

Start A Trial

Put simply, the term “analytics” refers to quantifiable statistics or data that can help you to evaluate the performance of your loan officers. If you are not leveraging , then you are preventing your business from reaching its optimal potential.

Analytics can have a positive impact on every facet of your business. You can speed up loan processing, generate more leads, and create more targeted advertising campaigns when you explore analytics effectively. 

Below, we’ll discuss three ways that analytics can show you your strengths.

1.  Identify Social Trends

Over the last decade, social media platforms have risen to the forefront of digital marketing. Companies that engage with potential clients on social media tend to perform better than those that neglect this vital commodity.

By reviewing analytics, you can optimize the effectiveness of your social media marketing strategies. You can find out what works and what doesn’t, which will help you to better allocate resources.

Analytics can help you identify which platforms are responsible for generating the greatest number of leads and which forms of social media are relatively ineffective. For instance, if the analytics show that the majority of your leads originate from Facebook and Instagram, then that would be the place that you should focus the majority of your resources for advertising.

Modern CRMs like the one offered by BNTouch not only provides you with detailed analytical data on social trends, but they also facilitate automated branded advertising. This means that your loan officers will have access to a greater number of high-quality leads without spending a lot of time designing campaigns.

2.  Improve Overall Efficiency

By leveraging analytics, you can identify which areas that your team is performing strongly in and where they may be lagging behind. Analytics are typically broken down into individual KPIs (key performance indicators) that give you essential feedback on your team’s output.

If a particular loan officer is consistently underperforming in a certain KPI, then you can be better equipped to address the issue with a high-powered CRM. You can assist the employee in improving performance by supporting them with the right tools, which will result in more efficient mortgage processing. 

You can also identify which loan officers are performing at optimal efficiency levels and assign additional leads accordingly.  Software from BNtouch even allows you to automate the lead distribution process based on performance to ensure that your brokerage is operating as efficiently as possible.

3.  Implement Focused Advertising Strategies

Analytics not only play a role in optimizing your social media presence, but they can also help you to revamp your advertising strategies as a whole. This approach reduces wasted resources and improves your ability to generate new leads.

For example, if you are processing a high volume of a particular type of loan (i.e., VA loans), then you may want to gear a portion of your advertising towards veterans. You can also partner with real estate agents that work primarily with this demographic.

Analytics can even allow you to back up your advertising claims with hard data. If you are claiming to process loans fast, listing your average cycle time in ads can improve your credibility. The ad may read something like, “Our loan officers process mortgages 20% faster than our competitors.”

If you are ready to highlight the strengths of your team through analytics, then it is time to contact BNTouch. Our innovative CRM software can provide you with the tools you need to improve performance and streamline the client experience.

Contact us today to schedule a free demo and see our software firsthand. 

The post Finding Your Niche: 3 Ways that Analytics Can Show Your Strengths appeared first on .

The modern mortgageoriginator must learn to leverage analytics if they want to stay competitive long-term. Simply put, analytics refers to the systematic analysis of data.

By utilizing analytics, you can adjust your business model to better serve clients and generate leads. Below, we outline 5 ways that you can use analytics to promote your brokerage.

1.  Improve Lead Distribution

While generating a new lead is certainly a win for any brokerage, it is only half the battle. It is important that you assign that lead to the right team member so that they can follow through with the potential client.

With that being said, it can be difficult to effectively distribute leads amongst your loan officers. By leveraging analytics, you can review each members’ performance. Advanced CRM software will even give you the option to automatically assign leads based on individual performance data. This takes the guesswork out of lead distribution and improves your chances of closing the deal.

2.  Automate Marketing to Align with Social Trends

It’s no secret that social media has become an integral part of digital advertising. Unfortunately, far too many mortgage brokers underutilize these effective advertising platforms.

With analytics, you can have a better idea about which platforms might be best suited for your efforts. For instance, if 60% of your leads originate from Instagram, then this is where you should allocate the majority of your resources.

Modern CRM software can provide you with valuable feedback on social media marketing. It can also give you the ability to automate your marketing campaigns and leverage templates for designs. This allows you to focus more of your energy on active clients, while deploying effective advertising to generate new leads.

3.  Configure Your CRM Functionality to Fit Your Team

It is important that you use analytics to assess the performance of each loan officer. This data can help you to more efficiently assign leads.

Reviewing employee performance data will allow you to configure your CRM’s functionality to better meet the needs of your team, as well. You will be able to provide each loan officer with access to mission-critical tools. You will also be able to choose the types of data that you want to receive automated performance reports on.

4.  Educate Team Members

Analytics data can also aid you in creating new employee education strategies.

If you notice that many of your loan officers are struggling in a particular metric, be proactive. Create an in-house training course or address the issue on an individual basis. Doing so will improve the efficiency of your brokerage as a whole while also helping your loan officers to meet their individual performance goals.

5.  Collaborate More Efficiently

By leveraging analytics, your mortgage brokers will be able to collaborate with real estate agents and other professionals more efficiently. Streamlined communication is essential if you want to develop a strong reputation in the mortgage industry.

As you can see, analytics can help your mortgage brokerage to improve its performance in virtually every category. If you want to implement the latest analytics into your business strategy, then you need a high-performing CRM.

Fortunately, BNTouch has just the tools you need to take your business to the next level. We have scalable solutions for mortgage brokerages of all sizes. Our affordable software will give you access to a multitude of reporting tools and other software to support the mortgage process. 

Request your free demo today and take your business to new heights with BNTouch.  

The post Sharing Your Stats: 5 Ways to Use Analytics to Promote Your Brokerage appeared first on .

Mortgages have been around for centuries, but modern tools have revitalized the ways that mortgage brokers operate. From electronic signatures to automatic status updates. Loan officers are better equipped than ever before to perform their duties.

Modern CRM software has also given loan officers access to advanced analytics tools that can improve the entire mortgage experience. By leveraging analytics, you can reduce lead times, increase conversion rates, and boost total revenue.

What Are Analytics?

Analytics is a broad term that refers to a systematic means of computing statistics or data. Analytics are utilized to communicate and interpret meaningful patterns in data. However, interpreting data patterns is only half of the process.

The true benefit of analytics comes into play when the data patterns are applied to making meaningful changes within an organization. For loan officers, this means assessing the effectiveness of current strategies and making improvements to those practices. After all, when they are used correctly, analytics can dramatically improve the performance of your brokerage team.

Metrics vs. Analytics

During your journey to improve your business strategies, you have undoubtedly encountered the term “metrics.” While some business owners believe that analytics and metrics are the same, this is not precisely accurate.

As the name implies, analytics focuses on the analysis of data. On the other hand, metrics are the hard numbers that are being tracked. These numbers are used to gauge the progress or performance of your loan officers and your company as a whole.

In the mortgage industry, the most important metrics are referred to as KPIs (key performance indicators). While most analytical data is useful, you should focus the majority of your attention on KPIs.

Which Metrics Are Most Important for My Mortgage Brokerage?

Some metrics are more important than others. By paying particular attention to these KPIs, you can help your loan officers improve their performance while creating a better experience for consumers. 

Some of the most important KPIs for loan officers include:

Conversion Rate

As a loan officer, the conversion rate is one of the most important metrics you can use to gauge your overall success. The conversion rate is calculated by dividing the number of loans funded by the amount of applications submitted within a specific time frame.

By analyzing conversion rates, you can identify potential pitfalls in your company’s processes. Low conversion rates are typically the result of inefficient communication with clients, a lack of competitive offerings, or poor time management.

Regardless of the cause of a low conversion rate, the first step in improving your practices is to identify that there is a problem. You can then make necessary adjustments and periodically reassess until your conversion rates hit acceptable thresholds.

Cost Per Loan

Your brokerage’s average cost per loan is another essential KPI. This metric measures the general efficiency of your company. It also accounts for a variety of factors like:

• Cycle times
• Conversion rates
• Overhead expenditures
• Staffing

You must ensure that your cost per loan remains high if you want to maintain profitability. This KPI is of particular importance when you are scaling up your mortgage office.

If your cost per loan is low, it is important to remedy this issue before scaling your business. Otherwise, you may be pushing your profitability past the tipping point. Generally, poor cost per loan metrics are the result of inappropriate allocation of staffing, low conversion rates, and inefficient loan processing.

Approval Rate

While your brokerage’s approval rate is a relatively simple metric, it is also a telling one. Approval rate is calculated by dividing the number of approved applications by the amount of submitted applications.

A low approval rate is indicative of an issue with your loan processing practices. If your loan officers are taking too long to review loans, then unqualified applications will slip through. This results in wasted resources and will diminish the experience of qualified borrowers.

Revenue Per Loan

In addition to the cost per loan KPI, revenue per loan is essential in generating good profit margins. Your revenue per loan is calculated by subtracting the total business revenue from your expenses. This figure is then divided by the number of funded mortgages within the same time frame.

The revenue per loan KPI allows you to assess the overall health of your mortgage brokerage. It provides a more accurate representation of your business’ profitability than the number of loans that are being processed.

If your revenue per loan is low, then you should implement digital CRM tools, like the ones offered by BNTouch. These tools will streamline your mortgage services and improve your overall customer experience. In turn, you will improve per-loan revenue and make your business more profitable.

Benefits of Using Analytics

As you can see, analytics can impact every aspect of your mortgage company’s day-to-day operations. 

When you begin assessing the performance of your team in terms of measurable KPIs, you will be able to optimize the quality of your mortgage services. 

The primary benefits of implementing analytics into your business operations include:

Enhanced Efficiency

Incorporating analytics can dramatically improve the efficiency of your daily operations. By having access to hard data, you will no longer have to rely on guesswork or hunches to make key business decisions.

Analytics will help you to more efficiently distribute leads amongst your team of loan officers. In fact, our CRM software can even automatically distribute these leads based on employee performance and other factors. This allows you to focus on serving your clients and growing your business.

Analytical data will also improve the way your team communicates. You can customize your CRM’s functionality to address specific challenges faced by your team. By facilitating seamless communication amongst loan officers, clients, and real estate agents, you can vastly improve your conversion rates.

A Personalized Approach to CRM

Analytics can help you to take a more personalized approach to customer relationship management. You can have access to incredibly accurate data, which can be used to create a tailor-made experience for your consumers.

For instance, if you find that your brokerage is having great success by advertising on a particular social media platform, you can shift your attention to this medium. You can also discover which types of content are sparking the greatest amount of client engagement. In turn, this can create the opportunity to pursue additional leads in an effective way, improving your return on investment for advertising.

Analytics can also reveal which types of loans that you are having the most success with. While you may not want to limit your company to a particular type of loan, it is important to make the most of the opportunities that are presented to you. Highlight your team’s experience with that specific loan type and make sure to mention it in your ads and social media posts.

Faster Decision-Making Processes

When you have access to advanced metrics, you can make decisions with confidence. You will no longer have to spend hours or days second-guessing a particular course of action.

Instead, you can trust the analytics and follow through on bold ideas that will help you grow your business. By continually reviewing this data, you will also have the ability to improve upon current practices as your business grows. You will be fully prepared to overcome any unforeseen hurdles that arise as you scale your brokerage.

Improved Consumer Experience

At the end of the day, the mortgage industry is all about the client. Leveraging analytics is an excellent way to improve the consumer experience throughout the loan buying process.

KPIs can help you to identify shortcomings in your current loan processing practices. Once you have corrected these issues, you can expedite loan processing, which will give your clients a more streamlined buying experience. This will boost your brokerage’s reputation and generate more leads.

Optimized Loan Officer Performance

When you effectively implement analytics into your business practices, you can optimize the performance of your loan officers. In addition, you will obtain a better understanding of which tools they need to carry out their daily responsibilities.

By monitoring loan officer performance, you will also have the opportunity to address issues directly through training programs and one-on-one coaching. This personalized approach will improve employee morale and performance, which can impact the long-term success of your business.

Implementing Analytics with BNTouch

Are you ready to optimize your mortgage services through the power of analytics? Ready to revolutionize your current business practices with cutting-edge CRM software? If so, then BNTouch is here to help.

Our innovative CRM software has helped hundreds of loan officers to grow their businesses. With our programs, you will have the ability to:

• Automate your marketing
• Convert more leads
• Stay connected with borrowers
• Recruit new partners
• Streamline communication
• Receive detailed analytics reports

All of these great features are included in a single, user-friendly CRM solution. No matter what the size of your mortgage brokerage may be, we have a solution for you. Currently, BNTouch offers CRM packages for individuals, teams, and multi-location enterprises.

If you would like to learn more, contact our team and schedule a free demo. Once you see our program in action, you will never want to process a mortgage without it. 

The post Measuring Results: Using Analytics to Improve Your Mortgage Services appeared first on .

The life of a mortgage broker often involves finding the ideal balance between providing a great customer experience and optimizing efficiency. With that being said, loan officers are also tasked with generating new leads that will set the stage for future deals. Managing all of these tasks can be challenging, to say the least.

That is why many mortgage brokers are turning to customer relationship management (CRM) software for help. This software provides various tools that will allow a business to streamline advertising and generate new leads.

When it comes to choosing CRM software, you can have your pick between pre-built and custom content. Below, we explain why the BNTouch pre-built content is the ideal solution for

, facilitating communication amongst loan officers, and streamlining the mortgage process.  

What is Pre-Built Content? 

Put simply, pre-built content includes the framework for various functions and capabilities. It may include simple things like pre-written birthday messages or updates about the local real estate market stats. 

These tools can be implemented rapidly. They have been tested thoroughly and are an extremely cost-effective way to connect with leads, clients, and partners.

While the mortgage industry continues to evolve, the core responsibilities of a loan officer remain very similar. Your team is responsible for communicating with clients, generating new leads, converting these leads into deals, and closing loans.

Pre-built content is a great option for mortgage brokers. They have clearly defined needs. The CRM software is curated specifically for the industry and uses a tried-and-true approach to connect with potential clients.

Pre-Built vs. Custom Content 

The alternative to pre-built content is to write out marketing materials one at a time. A custom system allows you to tailor your messages and marketing, building them from the ground up.

Custom management systems can be a great option for unique industries, and have not been in existence for very long. However, there are several downsides to generating your own content. Custom campaigns can be:

• Costly to develop
• Time-consuming to create
• Difficult to do without the right graphic design tools

Want To See How BNTouch’s Mortgage CRM Software Can Help You Generate New Leads?

The post Leveraging Pre-Built Content to Generate New Leads appeared first on .

As any mortgage broker can attest, so no two loans are the same. Each borrower has a unique background, needs, and credit history. However, your loan officers should not have to start the mortgage process from scratch every time, so they partner with a new client. Fortunately, they do not have to, because of the help from the modern CRM software. This is done because your mortgage brokers can implement templates in the loan process, and make life much easier.

Templates cut down on unnecessary delays, save time, and improve the client experience. Want an easy application form that you can use with every client? There is a template for that. Want a uniform document that can help your team generate leads? There is a template for that, too! 

Read on to find out how templates in the loan process can change the way that your firm processes mortgages and interacts with clients.

Online 1003s and Other Loan Application Documents

As you well know, the 1003 mortgage application is the cornerstone of virtually every loan office in the country. This tried-and-true form gives you all of the information you need to assess a client’s eligibility for a mortgage. However, processing old-school paper documents is tedious and inefficient.

Perhaps the best way to improve the client experience is to transition to a 1003 online template. Clients can simply put in the necessary information. That data is automatically transferred to an electronic 1003 form that you can print, attach as an email, or save on your servers.

The 1003 is not the only vital mortgage document that can be replaced by a template. Just about every form that you need to process a mortgage is available in template form (with the right CRM software, that is).

Lead Forms

Mortgage documents are not the only forms that can be replaced with templates. Your loan officers can also rely on templates to generate leads.

Potential clients can fill out an information request online. By inputting some rudimentary information, your team will have everything they need to connect with clients. This prevents mortgage brokers from having to exchange countless voicemails and emails with a prospective client, which can in turn expedite the loan process.

Post-Funded Follow-up Info

Like many mortgage firms, your team likely makes it a priority to stay in touch with past customers. This is a great way to build your brand, strengthen your company’s reputation, and keep the door open for repeat business. With that being said, keeping track of birthdays and refinancing opportunities can be a challenge.

With the use of templates and high-end CRM software, you won’t have to. All you need to do is input a few commands in your management system and select the desired follow-up interval. The system will then send out birthday messages, home anniversary congratulations, or refinance alerts to past clients for five, ten, or even fifteen years.

If you want to take advantage of the benefits of templates, then you will need the right CRM software. That’s where we come in!

BNTouch provides our clients with cutting-edge CRM software that offers an extensive library of templates and much more. To see our product in action, simply fill out a contact form and request a live demo. You’ll be glad you did!

Use BNTouch Mortgage CRM Software to Implement Templates in the Loan Process

The post There’s a Template for That: Implement Templates in the Loan Process appeared first on .

At Google I/O, the company announced new ways for Google to understand how to timestamp your videos for key moments in Google Search. Today, Google said that SeekToAction markup is now out of beta and can be used for any site with videos.

What are key moments? Key moments are displayed in Google Search for videos where Google can determine the sections of timestamps of the video. Google lets searchers jump to sections of the video (key moments), directly from the search results.

Key moments look like this:

SeekToAction markup. Previously, Google used the YouTube description and timestamps in the description for creating these key moment timestamps. This SeekToAction markup (developer documents over here) tells Google how your URL structure works so that Google can display key moments that are automatically identified for your video. While SeekToAction properties aren’t required, you must add the potentialAction, potentialAction.startOffset-input and potentialAction.target properties if you want Google to understand how your URL structure works, so it can link users to a point within the video, Google said.

“All you have to do is tell Google the URL pattern for skipping to a specific timestamp within your video. Google will then use AI to identify key moments in the video, and display links directly to those moments in Search results,” Google said.

Tips for SeekToAction. Google has listed these tips for using SeekToAction markup for your videos:

• Your URLs must have the ability to deep link into some point other than the start point in the video. For example, http://www.example.com/example?t=30 starts 30 seconds into a video.
• Use SeekToAction markup on every video page where you’d like Google to automatically identify key moments, and follow our additional guidelines. Here’s a detailed example.
• To automatically identify key moments in your video, Google must be able to fetch your video content files.

Google explained that SeekToAction markup applies only to videos embedded on your own site.

Why we care. With more and more videos showing in Google Search, you will want to take efforts to make your videos stand out from the rest. Using SeekToAction markup can help enrich your video results in Google Search to help improve click-through rates from Google Search to your videos.

The post Google officially launches SeekToAction for key moments for videos in search appeared first on Search Engine Land.