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20 Hour S.A.F.E. Comprehensive
Upcoming Classroom Equivalent courses (ID: 1135)

Cost: $289.00 plus $30.00 NMLS fee
Upcoming Live courses (ID: 1055)
Cost: $349.00 plus $30.00 NMLS fee (ON SALE)
(More information or Register)
With the deadlines quickly approaching, MTI is holding approved courses in different formats. MTI Services Corporation is approved by the National Mortgage Licensing System and Registry (NMLS), Provider Number: 1400044. Classes are being offered in traditional live classroom environments and classroom equivalent, through a webinar-based platform. Obtain credit for the required 20 hours of education.


Selling & Financing with the New FHA
$149
(More information or Register)
Ongoing Course - FHA will allow First-time home buyers to use their up to $8,000 tax credit as the down payment.


The New Good Faith Estimate for 2010
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(More information or Register)
Ongoing Course - This course will walk you through every element on the new form. You will learn how to calculate the form and how to explain it to your borrowers. Don't be caught not understanding this new form and not completing it correctly.


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Tips, Tools & Tricks of the Trade
Doug Smith

Doug Smith, founder of Douglas Smith & Associates, is a 24-year industry veteran. His career spans the areas of loan origination, sales training, management development, marketing, personal coaching and corporate sales. Doug’s columns appear in Mortgage Originator, Mortgage Planner, The Mortgage Record and Mortgage Broker magazines. He publishes a monthly newsletter, Power Selling, and authored Climbing the Ladder of Success. For more information, visit http://www.dougsmithonline.com/

More Articles...

Marketing 101: Grab The Customer’s Attention
Written by Doug Smith   
Monday, 07 September 2009 00:00

I remember one of the first things I learned in the first marketing course I took in college:
“Rule #1 of marketing and advertising is to grab the customer’s attention. If you can’t do that, you can’t sell him anything.”

As mortgage professionals, we market ourselves every day (or at least we are supposed to!) We run ads, distribute flyers, and send out mailers and letters, and more. We have a message to deliver, and the key to getting that message read is to grab the customer’s attention with a compelling headline.

HEADLINES SHOULD GRAB ATTENTION
Look at your local newspaper or flip through any magazine. The headline is there to grab your attention and move you into the article (hopefully just like this one did). If the headline isn’t very good, or “catchy” as advertising folks say, you’ll stop there. How many mortgage letters, ads and flyers are never read for the same reason? Probably thousands. Even though the message may have been strong and the product or offer solid, the customer never got to it because the lender never got to the customer’s attention to begin with.

OLD AND TIRED HEADLINES
So today we are going to learn how to replace those old and tired headlines we have been using with catchy new ones that will grab the customer’s attention and improve the chances he will read our message.

The key lesson is this: stay away from “generic” headlines that just lay flat. These include:

  • For All Your Home Financing Needs
  • Mortgages for Everyone
  • Making Home Financing Easier
  • New Loan Program Available!
  • Stop Paying Rent!
  • Here When You Need Us
  • Service is Our Key to Success

Do you see what all of these flyer and ad headlines have in common? They are over-used and boring. They don’t really say anything; much less compel a customer to delve into your message.

REPLACE WITH ATTENTION-GRABBING HEADLINES
Let’s look at the alternatives. Try some of these on for size:

  • Five Great Home Financing Options That Need NO Down Payment!
  • Application to Closing in 21 Days
  • Instead of an $800 Rent Payment, You Could be Living in Your Own $120,000 Home!
  • Apply for Your Home Loan at Night; Get an Answer in the Morning!
  • Now, Mortgages Made Simple and Affordable for Self Employed Buyers
  • We Just Lowered Our Rates…Again!

As you can see, these headlines work to grab a customer’s attention right from the start. They urge the reader to proceed into your flyer, letter, or ad to find out more information. In some cases, they create a little mystery to your message and reveal the answer deeper in the context of your marketing piece. Once the information is presented, you offer a “call to action” for the customer to find out more by contacting you via your email, telephone or your web site.

If you want your marketing to work, then work to make your marketing more effective. Grab the customer’s attention!

Comments
Add New
Rodney H. Lake  - Senior Vice President   |2009-09-20 23:53:56
Hi Doug,

Just wanted you to know I'm still in the business. The Arlington
Bank is a small community here in Columbus . If ever in the area stop by and
I'll buy lunch.

Rod
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