Leveraging ChatGPT to Personalize Mortgage Customer Experiences

Jason June 24, 2023 0 Comments

If you’re a mortgage lender, you’re in the business of closing leads. But closing those leads becomes harder if you’re disorganized or pulled in too many directions.

Fortunately, Chat Generative Pre-training Transformer (ChatGPT for short) is a valuable tool for streamlining your workflow and customer relationships. When you leverage its power, you’ll close more leads while giving your customers an unmatched experience.

How ChatGPT Can Help Personalize Mortgage Customer Experiences

ChatGPT does more than answer questions on the internet — it’s become a valuable tool in the banking and financial services industries. The possibilities are endless when you integrate it with a customer relationship management (CRM) system. Here’s how you can make it work for you.

Answer Questions 24/7

If your customers ask you questions by phone or email, they may have to wait hours or days for a reply. ChatGPT is great for automating customer service while still adding a personal touch. 

ChatGPT can create a live chat service on your website or app. It can answer customer questions and concerns instantly. Everyone wins: customers get their answers quickly, and your time is freed to help you focus on leads.

Check out our full piece highlighting the role of AI and ChatGPT is playing in transforming mortgage technology here

Fortunately, you don’t have to be a tech expert to set up a live chat feature. A quality customer relationship management (CRM) tool will set the chat up for you.

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Analyze Customer Concerns

The name might make you think ChatGPT is only suitable for chat applications, but it does much more than that! Leverage ChatGPT by using this technology to analyze data and help you deliver a personalized experience.

That data can be collected through customer activity, interactions with your site’s live chat, and more. For example, let’s say that through live chat, ChatGPT finds that many customers are frustrated with a specific step in the loan process. 

With that information in mind, you can adjust the loan application process to simplify that step.

Send Customized Texts and Emails

Unless you overuse them, personalized marketing emails and texts can help you close leads and improve mortgage customer experiences. Sending personalized texts and emails yourself is impractical. But using customer data and the power of artificial intelligence, ChatGPT can create and send customized messages by itself. 

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Create Custom Web Portals

A good CRM doesn’t just optimize your experience as a lender. It also makes the customer experience easier. ChatGPT can design web portals to fit each customer’s needs. It can also be set up to send customers important updates about their loans.

Create Quality Web Content

Because you close mortgage leads, you might consider using ChatGPT to create a blog addressing common homebuyer concerns, mortgage rate trends, and other helpful topics. 

Customers will see that you’re doing more than just convincing them to get a loan. They’ll see you as a company that cares about their experience.

Make ChatGPT Work for You

Want to empower your company to reach new heights? BNTouch can help. We’re a CRM provider dedicated to helping you achieve business growth and optimize your mortgage customer experiences.

We believe that technology is the future, and we allow you to integrate ChatGPT with our system fully. Want to see how we can help you? Schedule a free demo today.

To schedule a demo, contact our experienced team today!

Request a free demo

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AboutJason Richardson
Jason specializes in digital marketing strategies and founded a digital marketing agency Richardson Digital Media™. Richardson Digital Media™ has quickly become a preferred marketing provider for real estate companies and nationwide mortgage lenders. Jason has won 9 President’s Circle of Excellence Awards for loan production over his career and was most recently honored as one of National Mortgage Professional Magazine’s “40 Under 40: The 40 Most Influential Mortgage Professionals.”