Welcome to CRM …..For The Mortgage Professional. What is CRM? Customer Relationship Management,...
-
Upload
jonas-riley -
Category
Documents
-
view
213 -
download
0
Transcript of Welcome to CRM …..For The Mortgage Professional. What is CRM? Customer Relationship Management,...
What is CRM?
Customer Relationship Management, the functions and programs a company uses to keep in contact with your past customers; typically CRM Builds Loyalty, Repeat and Referral Business.
Where is the best place to find your Customers?
Lets look at some smart facts about your past customers…
Smart Facts….
Over 90% of all mortgage customers are “Very Satisfied” with their mortgage company and would refer family or friends back to their loan officer.
Out of 5000 customers surveyed:
• 14% could not remember their loan officer’s name after 6 months.
• 28% could not remember their loan officer’s name after 12 months
• 67% could not remember their loan officer’s name after 2 years
The statistics retrieved from David Satteriee article in the Mortgage Press.
Lets look some facts about repeat mortgage customers…out of the 5000 customers surveyed:
2,831 – Had refinanced or purchased real estate with in 3 years
1,884 – Had went elsewhere for their next deal.
947 – Went back to the original Mortgage company!
Wow – 66% LOST
What happens to your customer after the closing?
Breaking the Customer Cycle
New Job
Loan
Married
School
Bab
y
CC Deb
t
What happens to your customer after the closing?
Breaking the Customer Cycle
New Job
Loan
Married
School
Bab
y
CC Deb
t
CustomersDecision
Point
InternetLeads
Telemarketing
Radio
Direct Mail
What happens to your customer after the closing?
Breaking the Customer Cycle
FYC
FYC
FYC
FYC
FY
C
FYC
CustomersDecision
Point
Broker / CustomerRelationship
20 loans a month x 12 months = 240
240 loans x 10% = 24 New Loans
24 New Loans x $4,200 = $100,800
“For Top of Mind Awareness your customer needs to be touched 14 – 18 per year!”
CRM - ROI
CRM – Phone
1. CRM Birthday Call
2. Annual Mortgage Review
3. Arm Reminder
4. Pre-Payment Reminder
5. Thirty, Quarterly and Simi-annual Reminder
CRM – E-Mail1. Prospect Purchase
2. Prospect Refinance
3. Closed Customer
4. Network Partners
1. Real-estate
2. CPA
3. Insurance Agent
4. Builder