Telemarketing options for the mortgage brokerJohn T. Mossleads, telemarketing, viable tracking, training
The five requirements of quality leads
Brokers and retail loan officers have been looking for the
ultimate leads from telemarketing companies for years. Are what has
changed over time and what remained the same up for debate, or is
that just a client excuse? Having managed and trained national and
international call centers containing anywhere from four to more
than 400 telemarketers, I've noticed the great ones always have two
similar traits: training and viable tracking.
First, let's talk about what training is like in much of the
telemarketing world. Most call centers provide some type of
training, from mentor systems to half-hour introductions of what to
do, and if the trainees "get it" by the end of the day, they keep
their jobs. Cash incentives are offered to say and do what reaps
the most customer information, which will then be sold several
times. This has led to our society demanding government
intervention, such as the Do Not Call Registry and non-compliance
The fabulous news is that there are many companies that
integrate cutting-edge technologies with a detailed, ongoing
training curriculum, ensuring the best leads possible. As someone
who has managed and trained in the mortgage industry for more than
20 years, I can recognize five of the things to look for.
The first one is the training curriculum and how long it lasts.
Don't forget to ask if there are testimonials and statistics of
past and present clients to support its effectiveness.
Number two is the tools that are being provided to help ensure
compliance/quality assurance is in place and working.
Third is the effectiveness of the lead tracking system, be it
in-house or farmed out. How many times has it been sold to clients,
and what is the return/credit policy on truly bad leads?
The fourth item is whether you can listen in on live calls to
see how the firm conducts itself when dealing with potential
The fifth and last thing to look for is what systems or
redundancies are in place to ensure no downtime so that delivered
leads aren't outdated.
If you feel that this is a bit too much to manage, please keep
in mind what some of the cutting-edge companies provide as
enhancements to their services.
GoApply.com, for instance,
provides some great training on how to work with telemarketing
leads based on Q&A and client feedback. This is a value added
to ensure proper handling of their products for their prospects and
clients. Many in-house checks and balances are also in place to
enhance this process.
Others, like LMS Software,
can provide clients the ability to hear the call from the time it
comes into the call center to the time it is discharged, including
all transfers in between. This provides clients the ability to
reward a savvy telemarketer, identify a training/coaching
opportunity or determine the validity of a lead dispute.
Another way to track marketing success is through Who's Calling, which offers
unlimited inbound 800 numbers, to assign to your staff or
campaigns, and, with some adjustments, outbound calls, as well.
These can now be recorded and reported on.
Again, this is the common denominator for quality leads,
training and compliant quality control, which is used for rewards
or improvements by in-house/outside training or support staff. It's
really all about working with those that care about the client and
being accountable for their products and services.
John T. Moss is the president of University For Loan
Officers, a consulting, training and servicing firm based in Aliso
Viejo, Calif. He may be reached at (800) 807-0356 or e-mail [email protected]