Why consult a broker before closing a deal | Finanze Group posted on the topic | LinkedIn (2024)

🏠 Mortgage Brokers and Financial Advisors! 👇🏼Wondering how to increase your conversions? 🤔It's important to understand that the number of times a potential customer needs to hear from you can vary.Research shows that on average, it takes 7 to 13 touchpoints to turn a lead into a customer. 💰Things NOT to do.⛔Keep track of your touchpoints and adjust your strategy as needed and end up losing in your own spreadsheets.Things to DO.🟢 Build an automated system so all you have to do is to jump on the call with prospective clients.If you'd like to learn how this could be done for your business, send me a direct message and I will pin you some more information!#MortgageBrokerSuccess #FinancialAdvice #ConversionBoost #EasyCommunication #mortgage #strategy #research

Service has and will always be top priority to me. Each client should receive the same attention and service, whether a FTHB, seasoned investor, or A paper borrower. Actually received more referrals from FTHB's then the A paper borrower. I pride myself on a 5 star rating and do my best to read and comment on every review. This market lately has been tough, but when I read reviews like this one, it makes the early mornings, late nights, and weekend work all worth it. This buyers scenario was the exact reason I started a brokerage, I got tired of saying NO when I knew there were ways to say YES. Not every loan is easy these days, so far a client to write more then a 1 sentence review (to me) shows true appreciation for the service. OnPoint Mortgage, LLC #brokersarebetter #brokers #firsttimehomebuyer #mortgage

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Plot twist in the mortgage journey! Ever had a client open 3 new credit cards and buy a new car the day before closing? 😱 Imagine the chaos this could do for their closing.Share a GIF or emoji in the comments below that perfectly captures the mix of surprise and frustration you feel in such situations. Let's commiserate together! 🤷♂️😩We understand – the excitement of new purchases can sometimes lead clients off course. Yet, it's crucial to remind them that significant financial moves before closing may jeopardize loan approval and affect creditworthiness.If you're facing this scenario, take a moment, guide your client through the repercussions, and emphasize the importance of financial stability during the loan process. Open communication is key to addressing concerns.Remember, navigating challenges with patience and clear communication ensures the best outcomes for our clients. #RealEstate #PatienceIsKey #homeownership #mortgageprocess #credit #mortgagetips #homebuyingtips #HomeSweetHome #RealEstate #mortgage #DreamHome #HouseHunting #HomeownershipJourney #RealEstateGuide #DreamHomeAwaits

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As an experienced #mortgagebroker, here's what I can bring to the table:🧩 Expert Guidance: Navigating mortgages can be like deciphering a foreign language. I'll break down complex terms and options into simple, understandable choices. 🧩 Tailored Solutions: There's no one-size-fits-all in mortgages. I'll assess your financial situation and #goals, and then scout the market for the perfect mortgage fit. 🧩 Access to Options: I have access to a wide network of lenders, including those you might not have heard of. This means more mortgage options on the table, increasing your chances of scoring a great deal.🧩 Time Saver: I'll save you hours that would be spent researching lenders and rates. I'll present the best options that align with your needs.🧩 Negotiation Pro: Armed with industry knowledge, I am a skilled negotiator. I'll work to secure the most competitive rates and terms on your behalf. The home-buying process can be #stressful, especially for first-timers. A mortgage broker acts as your support system, answering questions, addressing concerns, and keeping you informed at every step.

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For the mortgage agents and brokers in my network here's a gentle reminder, because we all need one once in a while. Lenders will not accept a purview value or real estate estimate that's based on an algorithm. Always do your homework by checking comparable sales. This will lead to less letdowns from lenders. If you need a quick answer on your deal, be sure to provide: Product, Address, Valuation, LTV, Exit strategy and be honest about the situation. Try and provide as much detail as you can without going overboard. Don't demand the Lender to provide their lowest rate and fees possible. Especially if it's just so you can eat more! The borrower and your client should be the first priority. This is a relationship industry. Never over promise to your clients and be upfront with your lending partners. Time is money. #mortgagebroker #mortgages #mortgagelender #teamjv

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What are your top five metrics to track in the mortgage business as a PL operator?This seems simple, but you can get whatever reporting you want or need today.I have worked at companies that could generate reporting down to a micro level.You have to take action at some point, as this is where the magic is.This brings us back to the question. After looking at reporting and data, what five metrics would you focus on in running a branch or company?Why? There is only so much time in a day, and driving real change takes time and consistency.I would welcome any and everyone's feedback. Good luck this weekend, and know I am pulling for you.#reporting #mortgage #americansecuritymortgage

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Real estate and mortgage pro's have gotten REALLY good at optimizing for the transaction, and have made a lot of money in the process (good job!). 😀 But, NAR data shows that only 12% of consumers work with their agent more than once. 😣Why? By relentlessly focusing on the 10% of the time people are transacting, and ignoring the 90% of the time people are simply living in their home, the industry has basically optimized their way out of repeat business. This. Is. A. Problem.Luckily, Milestones keeps you front and center for the ENTIRE homeowner journey. Let's talk today about how you can extend your value proposition well-beyond the closing table. http://ow.ly/lIWe50NPesnAnd yes, we have transaction hubs too! 😊 #realestate #mortgage #brokerage #homeservices #mortgagemarketing #realestatemarketing

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The Ownly Verified differenceVerified is much more than a mortgage calculator, but it doesn’t require any of the paperwork of a pre-approval. And it’s fully integrated into your franchise and team’s brand experience.Discover a Secure and Informed Experience:✅ KYC/Identity Verification: Securely confirm your buyers' identities with our robust process.✅ Income Verification: Utilize your buyers' income and liabilities to calculate their true buying power.✅ Current Home Valuation: Provide buyers with a clear understanding of their current home's market value.✅ Financing/Mortgage Pre-Approval: Seamlessly connect your buyers to our network of preferred lending partners for quick mortgage pre-approval.Ownly Verified is your trusted ally in delivering a streamlined, secure, and informed real estate approach. Ready to revolutionize your business? Connect with Ownly today!#revolutinizingrealestate #homebuying #homebuilding #buyerverification #reservenow #ownlyverified #singlefamily #multifamily #realestate #experiencematters #consumerfirst #zeropaperworkzerodoubt #predictablepipeline #salesjourney #placeadeposit #settingstandards #theownlyway #efficienthomesales #efficienthomebuying

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What impact will this election year have on the mortgage industry? 🏛️ Join me and Ken Perry from the Knowledge Coop as we discuss our predictions for the year ahead and how a change in the White House could specifically influence compliance. Don't miss the full episode here: https://bit.ly/4aoYTls! #ElectionYearEffects #MortgageIndustryInsights #ComplianceChanges #MortgageProfessionals #IndustryInsights #EntrepreneurshipJourney #Compliance #ElectionYear #BusinessStrategies #MarketShifts #RecessionPredictions #KenPerryInterview #MortgageTrends #FutureofMortgages #AdaptingtoChange #EvolvingIndustry #TheKnowledgeCoop #RealEstateTrends #MarketAnalysis #BusinessGrowth #MarketShares #NewAmericanFunding #MortgageAdvice #Mortgage

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Key tips for a smooth mortgage application: Avoid large transactions, opening/closing accounts, big purchases, job changes, missed payments, or co-signing new credit. 🏡 #MortgageWisdom #HomeBuyingTips #RealNiceHomes