BankingBridge Blog

Prospect to Millennials With These Killer Stats

Mar 18, 2018 1:47:27 PM / by Ari Goodstein

Though the misconception that it requires a 20% down payment to buy a home is prevalent, there are many facts that offer great prospecting opportunities for lending companies, loan officers and their referral partners:

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All these stats make for target-rich prospecting surroundings for repeat and referral business: An increasing number of homeowners using PMI means more people will need the insight and expertise of mortgage and property professionals to reveal them when - and - how - to eliminate that portion of the monthly home payment. This confluence of states makes sharp, consistent post-close advertising crucial.

Doing a fantastic job for a borrower is the most basic aspect of developing and growing a good practice; however, memories fade as time passes, so referral and repeat business takes more effort. Simply reminding past customers about a fantastic experience may not be enough to inspire them to cite you to some friend or coworker searching for a mortgage nonetheless, the fact that you were instrumental in rescuing somebody real dollars catapults you - and your service - to an entirely different level.

Are you working with your Realtor partners to promote and educate first-time homebuyers? How are you reaching Millennials.

Topics: Millennials, Mortgage Marketing Ideas, Tips & Tricks

Ari Goodstein

Written by Ari Goodstein