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Word count for this issue: 605
Approximate time to read: about 4 minutes
 

An Experience Beyond Satisfaction

Over the previous weeks my articles have been about the ultimate prize - client loyalty. If one of your goals is to magnetize more real estate agents to your door, then an effective client loyalty strategy is paramount.
 
For starters, an effective strategy is built on the four stages of loyalty: satisfaction, believer, endorser and evangelist. Today's article takes an inside look at the first stage - satisfaction.
 
Print this article and discuss at your next sales meeting. Use it to brainstorm ideas.


You're Fired!

 
It wasn't too long ago that I taught classes regularly with loan originators and real estate agents in the same attendance. It was always an eye-popping experience for loan originators to learn in the classroom directly from agents how they could disappoint and spoil chances.
 
I've listed below three sure-fire ways of disappointing an agent and getting fired:
 
1. Poor or No Communication - In the ad agency business, an ole slogan is, "No news is good news!" Not so with agents. Since a buyer is their meal ticket, they want news regularly. And most importantly, they want to be the first to know when there's bad news, not the last.

2. No Accountability - Agents feel you can make excuses or you can make money, but if there's one thing for certain...you can't make both. I've never seen a loan originator win a battle when they didn't accept personal accountability.

3. Loan Not Closing On Time - This nearly goes in hand with the previous item. If you want the relationship to progress to the next stage, the loan has to close on time.

 
Satisfaction Means Exceeding Expectations


What is satisfaction? Today it means being more than average. Their experience must measure beyond normalcy to truly progress to the Believer stage.
 
1. Deliver a Stress-Free Experience - Don't let things get into the eleventh hour. Collect missing doc's from the borrower without leaning on the agent for help. Remember, first impressions are eternal.

2. Attend the Closing - Contact the agent a few days prior to signing the closing documents and inform them you'll be attending. This shows your commitment to customer service and insuring that it's a smooth signing. And if it's your standard practice to show your appreciation by awarding a gift to the borrower, let the agent know so they don't show up empty handed or offer for them to reimburse you half of your expense.

3. Early Doc's - If you want a double-whammy, a delighted agent and an evangelistic escrow officer, deliver closing doc's early. In fact, deliver it by hand so you can meet the escrow officer in person.

4. The Wow Factor - Really want to "wow" the agent? Give them a referral. That's right - refer a buyer or seller.
 
What if you don't have any referrals? Here's a few fast ideas for getting one:
 
Garage Sales - Some students I convinced to go out on weekends and shop garage sales, validated my theory. If people are having one, it's because they need money (can you smell "refinance"?) or they're getting ready to sell.
 
Market your SOI - Contact your sphere of influence by phone and mail regularly to learn who might be buying or selling.
 
FSBO's - If you're shopping garage sales, pop by and visit the For Sale By Owners in the neighborhood. The worse thing that can happen is that they don't answer the door when the bell rings.
 
Of the four stages, satisfaction should be the most fun. There's nothing to lose since you don't have dozens of hours and hundreds of dollars spent on the relationship. And since it's the agent's first time experiencing your service, you can do the unexpected - like go beyond satisfaction. Make it fun, stress-free and Wow 'em.
 
 
Magnetize Agents to Become Evangelists

 
One of the best ways to learn how to attract Agents and create more evangelism in your business is from my program, Become an Agent Magnet.
 
It's battle-tested from years I've spent working hand-in-hand with loan originators marketing to agents.
 
I've been fortunate to work with over 500 mortgage companies and know what loan originators do and don't do in their marketing.
 
My program helps you learn how to attract agents to your doorstep. It includes complimentary shipping and a complete satisfaction guarantee.
 
Learn what my evangelists say about the program:
 
 
 
  Helpful Resources

 
Become an Agent Magnet Program - Includes $491 in bonuses and free shipping
 


Tax Advantages for Home Ownership - Great closing gift that produces instant referrals
 
 
 
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