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Customer Satisfaction versus Loyalty - Mining Your Acres of Diamonds

By
Mortgage and Lending with Cognicorp Mortgage Banking Advisory

Jeffrey Gitomer makes a very interesting distintiction between "Satisfaction" and "Loyalty." In fact he will ask salespeople if they would rather have their spouse be "Satisfied" or "Loyal?" Think about the question and turn it around from a client standpoint. 

Now the million dollar question is how to build customer loyalty?

How can you be assured of the best possibility of capturing those repeat and referral customers? Research has shown that 85 to 90 percent of mortgage customers are "very satisfied" with the service they received. However, only 10 to 15 percent of past customers are typically loyal and come back or give a referral to you, the loan originator or Realtor.

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Comments (2)

Nalliah Thayabharan
Expert Building Inspections Ltd - Markham, ON
Home Inspector - Commercial Building Inspector Toronto

Hi  Tony!

This is really some interesting information. Thanks for sharing the information. Keep posting !

Nalliah Thayabharan

Commercial and Residential Building Inspector

Expert Building Inspections Ltd

May 30, 2007 04:48 PM
Tony Gallegos
Cognicorp Mortgage Banking Advisory - Marietta, GA

Nalliah - Thanks, glad you found value.

May 30, 2007 04:49 PM