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More than a cliche: Back to Basics

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ePath 100K RM leads

Increased sales skills effectiveness

One of the things we don’t have to tell you is that the business of originating reverse mortgages is challenging. Some see new sales opportunities.  Others say it is time to get back to basics. That was one of the themes heard on last week’s conference call presented by Reverse Mortgage Daily.  But don’t dismiss this as a common cliche. It’s not.

The reality is reverse mortgage originators are now being forced to revisit core sales skills and strategies to make a living in today’s challenging marketplace. What are those strategies? We will touch on a few today. But before we do a here’s a collective gut check. ‘Am I do everything possible today to see the maximum number of potential reverse mortgage borrowers?’ Most of us can honestly answer- no- seeing that there is always room for improvement.

First, how often you’re getting out of your office?

Tom Kelly’s Article: The Comparative Expense of a Reverse Mortage

Suggested reading:

How to Master the Art of Selling
Tom Hopkins

Influence: The Psychology of Persuasion
Robert Cialdini

Attitude is Everything
Jeff Keller

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Editor in Chief: HECMWorld.com
 
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
 
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
 
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

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2 Comments

  1. Hi Shannon, another excellent video of important “Back To Basics” information for us loan officers. I will listen to it several times throughout this week.

    I read an article by Tom Kelly about 5 or 6 years ago and I remember it being very good. Please tell me where I can get a copy of his latest article that you mentioned in your video this morning.

    Thanks for all your help and excellent information.


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