What Realtors want...
I am looking forward to implementing a marketing plan to establish new relationships with Realtors for 2007. Since the refinance boom is over I decided to research what Realtors want from mortgage providers. I've gathered coupons for discounted food and beverages and stocked up on miscellaneous supplies from the local Costco warehouse. These are some of the things marketing publications and mortgage industry experts offer as advice to help build Realtor relationships. Here are the important things:
All marketing pieces will be embossed with a personal photo and "Best Rates, Best Service 24/7" slogan with emphasis on availability including home/work/cell/pager/IM/home address contacts.
The experts emphasize delivering rate sheets and the assorted promotional gifts every day.
There is only one problem that I can see...When I will have time to originate loans?
All kidding aside, I recently relocated to a new market and would like advice on building relationships with new Realtor referral partners. So I thought that I would consult the real experts...
What do Realtors want?
What approach/quality/service/trait/attribute is appealing and would entice you to try a new lender?
More importantly, what do you dislike (aside from what's listed above) from current providers?
I moved from growing major metropolitan city (Chicago) to a declining mid-size market (Metro Detroit).
The greatest challenge is the local economy and the real estate markets are completely different.
My company has an excellent reputation in Chicago (recently voted the top lender by area Realtors).
But nobody has heard of the company in Michigan - no local presence and no reputation to build upon.
Any comments or suggestions are greatly appreciated for those new to the business or simply starting over...
Personally, I would skip that entire list..lol
I don't feed anyone besides myself, wife and kid...
I don't buy stupid trinkets that will get thrown away or broker..
I don't give agents MORE PAPERWORK THAN THEY ALREADY HAVE!
I was the 2006 Chairman of the Affiliate Commitee for the local Assoc of Realtors (Good networking!)
I do offer my agents leads...
Scott