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a la mode news & marketing tips — February 14, 2006

Score big points with your business partners

Mortgage originations are expected to decline by more than 20 percent from last year's level of 2.79 trillion, according to the Mortgage Bankers Association's (MBA) three-year economic forecast.  As a result, many mortgage brokers are putting in extra marketing effort to assure they'll have a steady flow of referrals from their business partners.

But to score big relationship points in today's tight market, you need to step outside of the box and get creative.  How about giving them their own XSite?

Right now we're offering a special price on XSites in all of our markets (Appraiser, Agent, Home inspector and Mortgage) Buy three or more and they're only $199 each.  That's a savings of $400 on each XSite!  Think of how easy it is to manage your business with your XSite's online FlexApp 1003, DirectFax, automatic status updates and lead capture tools.  Now think of how much more efficient the entire loan transaction can be if all of your business partners use their own XSite with their own set of robust tools and features.

When you purchase an XSite for your partners, you not only earn big relationship points, you make it easier for you to run your own business.  Here's how:

Appraisers.  When you give your appraisal partners an Appraiser XSite, you can order your appraisals online, get status updates and pay for your appraisals with a credit card.  You'll always know what's going on with your appraisal and you'll have quicker turnaround time since all of the tools your partners need are right at their fingertips whether they're in the office or out in the field.

Agents.  With features like Google™ Earth aerial maps, listings podcasting, Flash videos, and multimedia listings pages to impress home buyers and sellers, your agent partners can attract more leads, which can result in more referrals for you!

Home inspectors.  An XSite will make your home inspector partners' businesses easier to manage with features like online ordering, automatic status messaging, scheduling, contact management and report delivery. And they don't even have to be in the office with XSites Mobile they can do it all from an Internet enabled mobile device.  That means you can get the deal closed sooner.

Mortgage professionalsWhile they may not boost your referral business, giving the other brokers or LOs in your office an XSite can reduce the chance of lost leads for everyone. Each broker or LO can generate leads on their own XSite, so the lead won't go to the company website and fill out a loan app with a different broker.  The bottom line:  Your leads will always stay with you.

We bet your business partners will like their XSite much more than those personalized notepads you gave them last month. The offer ends February 28, so stock up now and give them out later since the sites can be activated anytime within the year of purchase.  Call 1-800-ALAMODE or click here to order your extra XSites today!

Kick-start your customer referral business

Everyone knows the value of word-of-mouth advertising:  It's free and brings in high quality leads that are already sold on your services.  But no mortgage broker can rely on this tactic alone.  Here are three ways to get referrals that you may not have thought of yet:

Do the unexpected.  Send clients who purchased a home in 2005 a copy of their settlement statement.  Even though they might have it already, it's another chance to get in front of them and provide them with service that exceeds their expectations.  Include a business card with their statement and ask them to give it to anyone they may know looking to buy a home or refinance

Don't ask for a referral, earn one.  If you're not getting referrals, you may not be providing the kind of service your customers want in the first place.  Ask your customers what you can do to better to serve their needs.  When your customers are truly satisfied, it's easy to get referrals.

Thank each referral.  This probably goes without saying, but instead of a mug or pen, thank your client who gave you the referral in a handwritten note.  It's more personal than an e-mail or card sent by your assistant or office manager and they'll be more apt to send you more referrals if they know that you're truly appreciative.

Briefly Speaking


New service delivers loan apps right to your XSite
One of the most important jobs of your XSite is to get prospects to complete your online 1003, right? We just added a new feature that will do just that. In conjunction with LoanApp.com, an online mortgage exchange, you can now get new loan applications delivered straight to your XSite.

Nearly 500,000 consumers visit LoanApp.com every year to find the best mortgage solution. When you subscribe to LoanApp.com, you can set up an unlimited number of filters to target your borrowers by ZIP code, loan amount, credit grade, loan type, property type, etc. Then, they'll be delivered directly to your FleXApp so you don't have to do anything different and you can use all the same LOS integration, paperless docs, and borrower status features you're used to. Click here for a list of Frequently Asked Questions (FAQ) from LoanApp.com.

To get started, log into the admin area of your site, go to the "XSite" icon and click on "Lead Capture." Next click on the "LoanApp.com" tab on the left nav bar and follow the directions to submit your XSite to LoanApp.com.

Stop by and say "Hi"
We'd love to get your thoughts on our products. Please feel free to stop by our booth at the following industry event:

Mar. 29-Apr. 1, 2006
Mortgage Banker's Association
Technology Conference
San Diego, Calif.


Newsletter Archives


January 27, 2006
Viral marketing strategies for your business. Plus: Wowing customers now means more referrals later, study says

January 13, 2005
Using your XSite to connect with Generation X. Plus: Where'd the nine steps go?

December 29, 2005
Jump start your marketing for the New Year Plus: Using forms on your XSite without turning off your visitors

Full archives

Contact Us


For questions about this newsletter, contact the editor: 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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