If you are in the mortgage business, the very first thing you need
before you can get anywhere, is an application.
Mortgage Broker I spent years working in the mortgage industry, and my goal was
to close one loan per week.
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Mortgage Lead Monday through Friday I would find myself a spot in the back of
the office where I could pound out my phone calls from 5:30pm until
8pm every night. My daily goal was to take at least three
applications per evening, resulting in fifteen applications per
week.
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Reverse Mortgage This is how I obtained my applications.
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Mortgage Quote 1. I was always prepared. Every thing that I could possibly need
was at my desk. If a customer had a question about monthly
payments, my mortgage calculator was right there. If a customer had
a question about a particular loan program, I had my literature
right there. When a customer commented on their needs and
situation, my stationary was right there to take notes.
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Florida Mortgage It is very important to have all of your resources at your
finger tips, otherwise you will be fumbling around looking for
things, or putting your customer on hold, while you find what it is
you need.
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California Mortgage Loan 2. Take the edge off
Florida Mortgage Loan When you are speaking with a potential customer, the
conversation doesn't have to be 100% business all of the time. You
can take the edge off by finding something in common with your
customer. If you hear a dog barking or a baby crying, make a
comment about it. People love to talk about their pets and baby's.
This will relax your customer, making it easier for you to get the
appropriate information from them to complete your application.
California Mortgage 3. Overcome objections
Bad Credit Loan Mortgage During the application process you will be hit with many
objections. This is perfectly natural, most people don't jump at
the chance to fill out applications for mortgages and refi's.
Commercial Mortgage Here are some of the more common objections;
Lowest Mortgage Rate A) I have to speak with my spouse.
Gmac Mortgage A good response to this would be; Is your spouse available to go
over it with me right now? I would be more than happy to discuss it
with him/her.
Mortgage Payment Another objection . . .
Mortgage Marketing B) I have to think about it.
Reverse Mortgage For Senior A good response to this would be;
Mortgage Interest Rate Is there something that I didn't explain clearly enough? Or, is
there anything you would like me to go over with you again.
2nd Mortgage Rate The above objections are probably the most common you will come
across. If the responses I recommended don't get your customer
talking again, than politely thank them and ask their permission to
send them some literature.
Florida Refinance Mortgage 4. Purchasing Leads
Current Mortgage Rate I often found purchasing leads from a reliable lead source to be
beneficial when it came to taking applications. The reason is
obvious, these people are making it very clear that they want
somebody to call them so they can apply for a mortgage, and most
likely they are waiting by the phone. So its worth a shot.
Home Mortgage Rate These are only a few of the activities I practiced during my
time as a loan officer, and it was rare that I didn't meet my
weekly goal of fifteen applications per week.
Best Mortgage Rate I'm sure if you practice these same activities you will
experience the same success that I did! Good luck!
Texas Mortgage Rate This article may be reproduced by anyone at any time, as long as
the authors name and reference links are kept in tact and
active.
2nd Mortgage About The Author:
National City Mortgage Jay Conners has more than fifteen years of experience in the
banking and Mortgage Industry, He is the owner of
http://www.jconners.com, a mortgage resource site, he is also the
owner of http://www.callprospect.com, a mortgage lead company.
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