Loan Think

Loan Officer Formula for Success

All month we've talking about the little things that combined help you convert more prospects into closed deals. You know the subtle things that attract clients to you and then make them want to do business with you.

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This week I we'll wrap it up and talk about the most important piece of this puzzle - following up.

We all try so hard to get someone to contact us but we miss that one key ingredient that gets him or her to do business with us. What a shame. I know it's human nature to want instant gratification but you have to realize that buyers will buy when they are ready to, not when we want them to.

So the key becomes follow up. I am not going to go on and on here telling you how important follow up is or the reasons to follow up. You know all that already, right? So instead let's dig in and talk about some ways to follow up.

Here are a few ideas you can implement right after you finish reading this article.

Establish a file folder system and create a folder for A-Z.

Use a three-part prequalification worksheet (one is included in our membership area at www.loanofficerformula.com/silver with full training on how to use it properly). This form has an area for income/assets/debts and recommendations. One copy goes to the client, one copy goes to the agent and one copy goes in our prospect file.

Once a month we follow up with the agent and borrower to see where they are in the process and give them a rate update and a market update.

Each month they are sent our client newsletter.

The bottom line is that we are able to follow up with each prospect at least twice a month and if they are working on a deal we often speak more frequently.

If the client has found us on the web our system will follow up with them automatically for 90 days several times a week with various pre-programmed tips (from www.whatbrianuses.com).

Following up with past clients - and especially prospects is the most important and profitable function you can perform. Follow up and start watching your income go up as well!

Brian Sacks is the CEO of http://www.loanofficerformula.com/. He has been an industry expert for over 24 years closing over 6,000 loans totaling $1 billion. Brian has trained thousands of originators and company owners in North America sharing his "formula" for success that will allow you to close fewer loans, make more money and have a life REGARDLESS OF MARKET CONDITIONS. You can read his "free" 32 page special report entitled The Death Of Mortgage Origination As We Know It & The Little Known Things You Must Do Now To Survive and Thrive by visiting http://www.loanofficerformula.com/broker. This report has been downloaded by over 9,200 originators and company owners many investing $97.00 to learn these little known, tested secrets! So grab your FREE COPY NOW as a gift from Broker Universe while it's still up at http://www.loanofficerformula.com/broker.


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