Skip to main content

2004 VA bill expands veterans’ homeownership opportunities

Aug 24, 2005

Reminder: Technology serves usBrian L. PeartTechnology,Sales,Training John was a great guy--outgoing, enthusiastic--and I was sure he would make a great loan officer. He went through our training and was very excited about our follow-up system and utilizing an ACT! database. He came out of training on fire and raring to go. Three months later, however, bill collectors started calling our offices for him, and he was seen less and less. Soon, we never saw him again. I saw him, not too long ago, waiting tables somewhere--another dream of greatness vanquished on the slopes of opportunity. I see scenarios like John's played out in mortgage company after mortgage company, across every city in America. Technology is great, but it will not make you successful by itself. Technology is a servant or tool, not a master. John's problem was that he spent the first two months getting all of his technology tools set up. He had the database just right; he had his Blackberry in sync with his ACT!, which was in sync with his Realtor Farming System. He had a “For Sale by Owner” program ready to roll, fliers completed and waiting to be sent to real estate agent offices. What John did not do--what he never did--was actually make the calls and talk to the consumers and real estate agents, themselves. John was techno-savvy, but he never asked for the business. In truth, he was hiding behind his gadgets, instead of making phone calls. Nothing will take the place of talking to a customer--that is your job. Technology should allow you to do this; if not, then you are not using it properly. Technology was created to serve us. The purpose of a good contact management system is to make it easier to call more people--to keep you on top of who you are supposed to call and when. Its purpose is not for you to spend a month inputting all of the names. The purpose is to help you stay on top of a host of contacts, to minimize your “thinking” time of, “Who am I supposed to call?” and maximize the time you are actually on the phone. I love wireless networking--I can go RVing and still stay connected, manage my offices and talk to the people I need to be in contact with. When a new broker starts with my company, however, I want them in the office for the first 30 days. I want to coach them and see them. When they know they have to show up, it forces them to work. In 10 years, I cannot think of one person who was successful starting out in this business and worked from home instead of coming into the office. Certain habits must be formed, and they are best formed in an office. Once those habits are solidified, working from home is a great thing afforded by technology. But a strong work habit must first be developed! I am sharing all of this to illuminate one point: you only make money when you talk to clients or potential clients. The purpose of technology is to help you do this faster and more frequently. Take a look at how you are using technology. Are you hiding behind it, or are you using it to free up time to talk to more people? This, and this alone, is the true purpose of technology. It is a wonderful servant, if worked correctly. Brian L. Peart is president of Nexus Financial Group Inc. and publisher of the Top Producer training course. He may be reached at (866) 355-1244 or e-mail [email protected].
About the author
Published
Aug 24, 2005
STRATMOR, Teraverde Deal A 'Merger Of Equals'

The recent merger of mortgage advisory firms came without the need to lay people off or make any major staffing changes.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024