Mortgage Lessons Learned From Man's Best Friend
BATTLECALL GUEST EXPERT: Tom Domin, Mortgage
Marketing Toolkit
They say
that a dog is man's best friend. Why? Because dogs have this uncanny ability to
love and support their masters at all times, even under the worst of
circumstances. It doesn't really matter if it's a good day or a bad day...dogs
will still be there. Dogs will bond with their owners and stand by them through
thick and thin.
And why do we love
dogs? Well, we love dogs because unlike many of our human friends and contacts,
dogs are absolutely positively 100% loyal.
There are some
important lessons here from our canine friends as you build and grow your
Mortgage Business. The lesson...never, ever underestimate the value of loyalty.
It's also important to remember that loyalty cuts different
ways.
Yes...everyone likes to
feel secure.
First, as Loan Officers and Mortgage Brokers you
need to be loyal. Returning to the same Lenders, Appraisers, Realtors/Agents,
Processors, and other suppliers of goods and services you need, can result in
your receiving additional incentives and
savings.
Everyone
has an appreciation for your return business and many are willing to give you
their best prices and service in exchange for your loyalty. As a result of the
loyalty you display...you become their businesses "best
friend."
Second, loyalty also extends to your customers
and clients. By your making a real effort to understand their situation, stand
beside them, help them through good times and bad times, provide valuable
unsolicited information, and dedicating yourself to providing an impeccable
service level, you develop lasting relationships that can pay huge dividends for
you over time.
As you
know, the mortgage world can be a very mercenary place. It probably began early
with your choice of employers and "the best split you could possibly negotiate."
It's easy to get caught up in the idea of using a Lender that "pays you the most
money," or quoting a mortgage rate that "benefits you and not your customer." Or
it may be as easy as contracting for services that "may be less expensive" but
are slow to respond. Those tendencies should be tempered by your understanding
of the long-term advantages of showing loyalty to your customer first, and then
the individuals and companies that you do business
with.
Third, are you receiving the mortgage training
and support that you need to survive in the mortgage marketplace? By being loyal
and promoting your broker/employer you all deserve the tools and training
necessary to help with your success.
Remember
that you shouldn't take an idea too far. There's no reason to be loyal to an
individual or company that isn't treating you right and/or doing their very best
to serve you and your customers. You are not a dog and you don't owe your
loyalty to any particular master.
When you can
demonstrate your loyalty...and, it makes sense to do so...it can produce some
amazing results.
About the Author:
Tom Domin has over twenty-five years of experience in sales and training in Real
Estate and as a Licensed Mortgage Broker. He is currently publisher of "Tom's
Mortgage Tips" a twice monthly Mortgage Newsletter for Mortgage Professionals.
You can sign-up by visiting
http://www.mortgagemarketingtoolkit.com
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