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a la mode news & marketing tips — posted April 7, 2005

Satisfied clients = more referrals

You know the old adage: A satisfied customer will tell two people, but an angry customer will tell everyone he or she knows.  The lucrative referral business you receive is highly dependent on the experience your clients have with their mortgage transaction.  One of the easiest ways to find out whether your client had a good experience is to ask them to fill out customer satisfaction survey after their loan transaction.  A survey not only helps you sharpen your skills as a mortgage broker, it also shows your clients you care about improving your business. 

When creating your survey, think about what you’d like to know from your clients that would give you an effective idea of the level of service you and your staff provide.  Have your clients rate certain aspects of their transaction such as your communication skills, diversity of mortgage options and the time frame of the loan from application to closing on a scale of one to 10 or a five-point scale (e.g. Excellent, Good, Average, Fair, Poor).

Some other attributes you may want your clients to evaluate:

  • Courtesy of staff

  • Accuracy of paperwork and closing date

  • Thoroughness in explaining the mortgage process and documents

  • Ease of understanding application forms

  • Responsiveness to their questions and concerns

You should also ask your clients open-ended questions so they can elaborate on their ratings, such as "How did you select our mortgage company?  “What did you like about working with me?" or "What could we do to improve our service?" Don’t forget to ask them if they would be willing to give a testimonial so you can include it on your Mortgage XSite and in your marketing pieces.

Each time a client returns a completed survey, record the data so you can analyze the responses over a given time to see whether your service is improving.  Study trends in the surveys and determine what actions need to be taken.  If a client raises a specific issue, address it immediately or you risk losing him or her.

Need help creating your survey?  Available April 8, the XSellerate print campaign library will include a “Performance Survey” template, which can be edited and printed for you to hand out or mail to your clients (Don’t forget to include a postage-paid, self-addressed envelope!) You can also add your own questions depending on the client or type of loan. 

Whatever shape your survey takes, encourage your clients to be honest in their feedback and, of course, thank them when they return their survey.  Some companies even offers incentives for completing the survey such as a gift certificate or enter their name in a drawing to win something bigger — like a trip.  After all, a satisfied client is more likely to send you referrals!

Fannie Mae, Fair Isaac among companies relying on XSites Network

When we launched the XSites Network — then called the Mercury Network — in 2001, we leveraged the industry's most sophisticated infrastructure and largest pool of appraiser users to create an invaluable resource for mortgage originators.  It hasn't taken long for the biggest players in the industry to realize that and take advantage.

Last week at the Mortgage Bankers Association National Technology in Mortgage Banking Conference & Expo in Orlando, we announced the consummation of a partnership with Fannie Mae.  The XSites Network, and the many thousands of appraisers using Appraiser XSites and XSite Order Manager, our appraiser workflow management desktop software, will be the backbone for valuation services used by Fannie Mae in Real Estate Owned (REO) disposition. 

We also announced custom plugins for some leading LOS and loan automation software.  Users of Fair Isaac Corporation's (of FICO score fame) Diamond LOS as well as users of MortgageFlex's LoanQuest software will have streamlined access to the XSites Network's appraiser vendors.  Orders will be routed directly to Appraiser XSite-enabled appraisers, status updates during the assignment will be available 24 x 7 on the appraiser's XSite, completed reports will be screened for compliance and QA on the appraiser's end, before they're sent, and reports will be delivered securely to the Diamond or LoanQuest user. 

Even if you're not a Diamond or LoanQuest user or involved in Fannie Mae REO disposal, this news should let you know you're partnered with a company the industry realizes means business.  The way we see it, our competitors would give anything if Fannie Mae would come to them asking for their help doing business more efficiently, with the most reliable technology and infrastructure. 

You can be sure we bring that know-how, technology and talent to bear on your behalf, too.  Mortgage XSites with DirectFax and digital signature technology lap the field when it comes to website features that help you manage your business and provide outstanding customer service.  XSellerate helps you drum up, retain and get repeat business.  You've made a great choice of technology partners — Fannie Mae, Fair Isaac and MortgageFlex would agree!

You can read our company news releases here.

Briefly Speaking


Marketing tips for Tax Deadline Day
April 15 — Tax Deadline Day — is just around the corner and now is the perfect time to highlight the tax benefits of owning a home to your loan prospects.  In addition, many of your prospects will be receiving a hefty tax return — encourage them to use that return to invest in a home, which will build equity for the future! 

In your marketing efforts, direct clients to your Mortgage XSite where they can learn about the home buying process and use the various calculators to see how much house they could afford if they use their tax return for a down payment. 

XSellerate can help you reach loan prospects as well as current clients with ready-made marketing campaigns for tax season.  For example, check out the "Happy Tax Day" e-mail message, which encourages buyers to visit your XSite where they can receive expert advice and quickly fill out a loan application.  Don’t have XSellerate yet?  Click here to learn more!

We mix, you mingle
If you're in the Orlando area on April 30, we'd like you to join us for the celebration of the grand opening of our new
Orlando training facility, with a night of drinks, music, hors d'oeuvres and a chance to see what we're all about first hand.

Join us on Saturday, April 30 from 7-10 p.m. and learn about our company, our products and what makes us leaders in real estate technology.  Plus, it'll also give you a chance to network with some of your peers!  To RSVP, simply e-mail Orlando@alamode.com or call 1-800-252-6633. 

Special


XSellerate your marketing
Today you’ve learned how XSellerate can help you creatively market your business.  Get XSellerate this month for just $199.  With our ironclad 100 day money back guarantee, there’s no risk in giving it a try.  And if you close just one more loan thanks to XSellerate, it’ll more than pay for itself.

Order XSellerate online here or call 1-800-ALAMODE. 

Contact us


Have a question, an idea or a problem you'd like us to address in the newsletter?  Contact the editor at Amanda@alamode.com

For sales inquiries, contact sales@alamode.com or call
1-800-ALAMODE. 

If you have an idea, tip or feedback on any of our products, we'd love to hear from you!  Please e-mail us at info@alamode.com.

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