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Websites You Should Look Into!

We've done the legwork for you!


Written By: Karen Deis

Loan Officer Magazine's motto is - guerrilla sales and marketing techniques for the mortgage loan originator.

We recently reviewed several websites that we think may help you increase your business. These are sites I would personally look into if I were in the mortgage business today!

However, we also want to let you know that we have no financial interest or received any referral fees from any of these companies.

What does the next generation of
online marketing look like?

Visit any mortgage or real estate website and they pretty much look the same.

    A picture of the loan officer.
    Things to bring to a loan application.
    Every loan program known to mankind.
    Links to real estate listings.
    ...maybe some free reports.

Put yourself in your prospects' shoes. Visit your competitors' websites. Go back to your own site. Your eyes will glaze over because after a while, you can't tell the difference between any of them - including your own.

Enter www.InmanStories.com. Created by real estate publisher, Brad Inman, for the real estate community, I think it could be the next big thing for the mortgage industry. It's an online, digital video with the ability to tell your story, in your own voice.

When you visit the website and view a 3-5 minute video, it's as if you are looking thru the pages of a real estate magazine, but in full motion-picture vignettes which highlight the Realtor®, the community and homes. This goes way beyond the typical "virtual tour" because you will see an amazing video describing the property.

Another site that delivers Rich Media is Brain Shark Communication. See a sample of how it works at www.BrainShark.com.

When you visit the website and take in the video or rich media, start thinking of ways you can swipe and adapt into your business. Here are a few suggestions on the "stories" you might create for prospects visiting your website.

    How to increase your credit score.
    Common mistakes people make when refinancing their mortgage.
    How to buy your next home.
    How to read a property appraisal.
    How to choose a real estate agent.

You could even release one video every couple of weeks. This is a good reason for people to regularly visit your site for your latest and greatest information. Create "viral marketing" where people pass on your website to family and friends.

Past Related Article:

Keep in Touch with Video Messages
Featuring: Karen Deis



Marketing For Sale By Owners!

I just did a conference call on how to market to For Sale by Owner Sellers for www.LandVoice.com.

The reason I'm telling you this is because you can listen to the call if you are a Land Voice subscriber.

Formerly known as Warnock's By Owner, Land Voice is a site that I suggest you seriously investigate if you are looking to market to FSBO's. For about $39 per month, you receive an email every day (yes, every day) with a list of FSBO properties that have hit the market in your neck of the woods.

Chances are that the seller - is your next buyer - and it's easier to get them to do business with you because they don't have a real estate agent telling them what to do and what lender to see.

Past Related Article:

For Sale By Marketing Made Easy.
Featuring: Karen Deis and George Hanzimanolis



Fix & Flip Loans

With real estate investment clubs popping up like crabgrass and people calling you hoping to cash in on the real estate investing game, the biggest obstacle loan officers face is finding short-term rehab money for your clients.

Check out www.RapidFunding.com. It's a private money source to help your clients buy property, fix them up and sell them within a 12-month time period.

They call it Fix & Flip and here are a few of the features:

    Minimum Loan: $50,000
    Minimum Credit Score: 610 (all 3 bureaus)
    Lends 80% of purchase price AND 80% of re-hab budget
    No appraisal required if under $250,000
    Points and closing costs may be added to the loan
    Broker points added to HUD
    No Pre-payment penalty after 3 months
    No limit on the number of properties
    LLC's, Partnerships & Corporations OK
    Commercial and Residential Property

If you are interested in working within this niche market, join your local real estate investment club and learn the issues surrounding re-hab properties first hand. Contact the real estate agents who specialize in this and let them know what you have. If you can't find an investment club in your area, then start one yourself. There are many clubs that will extend a charter for as little as $150.


Copyright, 2005, LoanOfficerMagazine.com

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Foundation Marketing, Inc 2003-2012 all rights reserved.
 
 
Any and all trademarks acknowledged.
 
 
Karen Deis - Publisher