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Loan Officer Freedom

Why You Don't Need More Leads

Loan Officer Freedom

Carl White

Education, Business, How To

4.9753 Ratings

🗓️ 17 August 2020

⏱️ 35 minutes

🧾️ Download transcript

Summary

If you're spending a lot of your time trying to find even more leads you're going to want to hear this...

You don't need more leads!

Unless you started in the business yesterday you have more than enough business to help you source even more loans, all without having to find brand new leads.

On this episode of Loan Officer Freedom, the #1 podcast for loan officers, Mike and I are sharing exactly what you can do to get even more business from the leads you already have.

If you have referral partners, a past database, pre-approvals, etc. you already have the "leads" you need. Now, it's just about the scripting and the follow up. When it comes to overall client retention, the average loan officer has a retention rate of 22%. But here's the thing, with the right scripting and the right amount of follow up you can increase that amount by 300%! I know because I've seen it and my team does it all the time. Keep listening to find out how you can source even more business without getting more leads. 

If you have questions about this topic, set up your complimentary coaching call with one of our coaches at LoanOfficerFreedom.com/StrategyCallRequest

Transcript

Click on a timestamp to play from that location

0:00.0

All right. Hello, everybody. This is Carl White, broadcasting from the communications headquarters

0:07.5

here at the Mortgage Marketing Animals slash Freedom Club in a undisclosed location here on the

0:14.8

west coast of Florida. And I'm here with my dear friend, partners here, Mike,acia, so Mark, Mark, Mike, great to see you,

0:24.9

brother. Great to see you too, man. Love joining you here on the podcast, Carl. Yeah, man. So,

0:29.6

so you're listening to the right episode if you want to hear about you don't need more leads, right? You don't need more leads. So, man, this is probably one of the

0:40.9

biggest things, uh, uh, biggest things that we could probably one of the most important topics we

0:46.7

could talk about is, uh, everybody's freaked out about I need leads, I need leads, I need leads, I need leads.

0:52.7

And unless you just started yesterday, leads. And unless you just started

0:54.6

yesterday, like literally, unless you just started yesterday, it's very likely you don't need new leads,

1:01.5

right? You don't need more leads. It's likely they're sitting there right under your nose,

1:07.2

but you can't see them, as the old saying goes, you can't see them for the, you know, you can't see them for the, the forest for the,

1:13.4

you know, you can't see the forest for the trees kind of thing. So let's talk about that a little bit,

1:18.8

Mike. You don't, you don't need more leads. What do we mean by that? Well, typically what we find is

1:25.1

that you're the average loan officer real estate agents alike probably

1:28.7

all salespeople and business owners but when we talk about our business there's so many people

1:33.6

in front of us relationships we already have deals we're already working on past clients we've worked

1:39.3

with pre-approval i mean etc there's so many places that are literally literally people right in front of us that we could get more referrals from right now today. If we just talk to them, if we had a conversation, if we just simply asked, I mean, even heck, the friends and family around us, right, Carl? Yeah, that's exactly right. So like, man, which is a whole other topic I just thought of. I almost went down

2:02.9

a rabbit hole and I went, no, that's like a 20 minute rabbit hole. So let's not do that.

2:07.2

Next time. So probably be the first thing that you want to do is like when somebody says, when somebody

2:12.9

calls up and says, hey, Carl, show me how to get more leads. The first thing I always ask him,

2:17.3

Mike, is, well, before we do that get more leads. The first thing I always ask, Mike, is,

2:18.3

well, before we do that, let's talk about what are you doing with the leads that you're

...

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