If social networks are information superhighways, social capital is the resulting value of these connections based on the relationships between senders and receivers — the degree of trust, friendship, shared experiences and “give-and-give” that surface over time…
Continue readingGet More from Your Day
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The Art of Reducing & Managing Distractions
< Feel run down? Tired? Like life is a cluttered mess? As the demands of our professional life increase as a reverse mortgage professional we need to strip away the distractions that sabotage our day. Here are a few ways we can do our best by removing distractions. #1-Â Get rid of bad habits. What habits? Perhaps staying up way to late, sleeping in late, watching too much TV. Look at both how you treat your body and what information you put in your mind. #2- Hit the stop button. Your phone is blowing up and emails flood your inbox but you have a project to complete or a loan file to finalize…
Download video transcript here.
Looking for more reverse mortgage tools, training & technology? Visit www.ReverseFocus.com today.
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How to Be a Top Resolver
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New Year’s resolutions can be boring when they’re all about you: perhaps that’s why people seldom stick with them after the initial momentum wears off. Making resolutions that involve your business, however, is another story.
Here are six ways to be a top “resolver” for your prospects, clients, staff and colleagues this year:
- Share the wealth. We’re talking about knowledge capital here. Instead of issuing an edict, suggest, “Here’s what I’m thinking,” which allows your people to respond. You can phrase this idea differently depending on your audience. For senior clients and prospects, you may want to say something more along the lines of, “Here are a few suggestions,” or “Have you considered…?”
- Creatively connect. How are you meeting new reverse mortgage prospects? Have you considered (see above if this phrase sounds familiar!) asking people you know to introduce you to likely prospects? If you aren’t asking your connections to make new connections for you, you’re missing out on a potential goldmine.
- Don’t sell, add. Nobody wants to be “sold” to right out of the gate — even seniors who may contact you to learn about a reverse mortgage. Instead, choose to make “value deposits” in your future relationships vault by sharing helpful, insightful information first.
- Lend a hand — or an ear. It may be literal; perhaps your employee is struggling to understand the new HECM changes. Or it may be emotional: maybe what the senior who made an appointment really needs from you is non-judgmental listening as she struggles to share what’s happening in their lives and how to manage a sudden turn in their finances.
- Speak their language. Communication styles differ across generations, genders, cultures, and businesses. While some seniors love to email and text, others may still cling to rotary-dial phones. There are twenty-somethings who eschew technology in favor of gardening. So toss out assumptions like worn out sock, and discover how your client/prospect/business associate prefers to communicate. Then adapt. You may be pleasantly surprised to step away from the electronic soup for a face-to-face café meeting. Or chuckle at how adept your 82-year-old reverse mortgage client is with texting. Communicating across diverse channels can be a refreshing exercise for all involved.
- Complete the transaction. We all know the importance of saying “Please”, “Thank you”, and “I’m sorry.” But do you always remember to say, “You’re welcome”? This completes an energy circuit. A senior who thanks you for your time and information will appreciate your humility in making eye contact and saying, “You’re welcome. I’m happy to be of service.” The same is true for an employee to whom you lent that needed assistance. It says you’re really paying attention — and that you care.
New Year’s Resolution Killers
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Pitfalls to avoid in 2014
It’s a word many dislike due to our culture’s abuse of the word. The word resolution comes from the same root as resolve. The American dictionary defines resolve as to ‘decide firmly on a course of action’. If our resolutions for 2014 are truly our committed course of action then here are some things we should avoid to insure we meet our goals and more importantly our internal promise to ourselves.
#1- You don’t really want to achieve it. Make sure your resolutions only include those things you truly desire to come to pass. If it is a goal you think you should reach because others are then you are doomed to fail unless you are personally committed and desire it yourself.
#2 Too vague.
Download video transcript here.
For more reverse mortgage news, technology & training visit www.ReverseFocus.com
December Top 100 HECM Lenders Report
Download your December Top 100 Retail HECM Lenders Report Here.
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IMPORTANT NOTE: This month and future reports will reflect ‘sponsor originator’ data since HFA has ceased to license brokers.
See how your company & your competitors’ overall HECM endorsements were for the month of November.
For more reverse mortgage news, training and technology visit www.ReverseFocus.com
The Value of Routine
Routine. Not the most appealing word yet routine determines our daily effectiveness and productivity…
Continue readingYour Local Online Business Presence
Establishing The Local Presence Of Your Reverse Mortgage Business Online
Wouldn’t it be great if prospective reverse mortgage borrowers would seek you out? Well they may just be doing that, and you may be missing out.
Google Places
In this day and age we all know that “Google” is widely accepted as a legitimate verb… at some point we have either told someone to, or had someone tell us to “Google it”. So when a potential borrower is considering a reverse mortgage, one of the first things they will likely do is “Google it” in the hopes of finding information on a trustworthy and well established reverse mortgage lender in their area.
The question is… will they find you? Have you established your Google Places listing? These listings are the first results to appear in Google searches related to local businesses. They are what you see in the map results, and what a large number of people use when seeking out a business in their area.
Why are the Google Places results so appealing to “searchers”?
- This is obvious, but they are the top. People want the information they are seeking as quickly as possible.
- They immediately provide people with contact information – phone number, location, directions.
- They lead people to your website. A Google Places listing has the option to add a link to your business website, so even if your business website is not on page 1 in Google, this map listing that is at the top of the results will lead them directly to your website where they can gather more information about you.
- They can include reviews. People can learn about the reputation of your business, which often gives them that extra motivation to make that call to you.
- They provide an established third party summary of your business. A business must verify to establish it’s Google Places listing, so it gives people an extra bit of comfort that you are who you say you are.
- Also, these listings can include images, summaries, categories, links, and give people an overall picture of your business.
Establishing Your Google Places Listing
As daunting as internet marketing can be, getting yourself listed in Google Places is something you can do yourself.
- Create Your Account – First you need to create your Google Places account.
- Follow The Prompts – Once you have created your account, you will be guided through a series of steps that take you through the process of establishing your listing.
- Locate Or Create Your Listing – You will be asked to search for your business. If your listing exists, you will be asked to verify it right away. If it is not yet established, you will be asked to create the listing, and then verify it.
- Verification – You will be given the option to verify by phone or by post card. The phone verification is immediate, but you must be able to accept a call at that moment at the phone number of your place of business that will be on the listing. The verification post cards come within 2 weeks of you prompting a request for one, but some people prefer these if the phone verification is difficult – for example, if your business has an automated phone system, the automated Google verification call cannot get through it, so you will need to select the post card option.
- Develop Your Listing – Once your listing is created and you have verified it, you will be able to edit it and add information, categories, and images. Adding these items is important to give your listing credibility and to attract interest.
Maintaining Your Google Places Listing
Once your listing is established, it will serve as a significant part of your local business presence in Google and online in general.
- Keep Your Information Current – It will be important to always make sure your listing has your current contact info, website address, etc., as this will be a highly visible representation of your business. People calling the wrong number or looking for your business at an outdated address could turn them off to working with you. Keeping the information current establishes reliability.
- Respond To Reviews – You cannot control the reviews people will leave you but you can take time to respond – to positive and negative reviews. If reviews are positive, thank people for their kind words and for using your services. Other searchers will view this as you having a good rapport with your clients. If there are negative reviews, take the high road and leave a cordial response. Apologize for their negative experience and offer the person the option to contact you to discuss their issue more. This often shifts the negativity off of your business because people see that you are concerned about your service, and that you are willing to work with people.
- Encourage Positive Reviews – Whether it be through your website, Facebook page, or in person, encourage your happy clients to leave you reviews on Google. When a list of results comes up, those positive reviews can be the difference between someone choosing your business over another listing right next to it.
Taking this small step today can have long term positive benefits for your business, so establish your listing, and when people are told to “Google it” for a great reverse mortgage business in your area, they’ll be likely to find you!
How to Motivate Others
You can begin successfully motivating others with these 7 strategies. Motivation is not manipulation but helping others achieve their goals…
Continue readingThe Road Ahead: Preparing for 2014
Now that the dust has settled what does the road ahead hold for us and how can we best prepare?
Continue readingDo What?!
7 Not So Secret Tips for Success…
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By now most of you are familiar with the new HECM product, first year distribution limits, upfront MIP charges, etc. The question is on a broader level what can you do each day in position yourself and your reverse mortgage business for success in the coming year? Here are just a few things to consider. #1- Know your priorities. You will never be able to do all things. That’s frustrating for you Type A personalities out there but honestly, it’s impossible. To avoid frustration and burn out write out your priorities. For most of us it’s prospecting and outbound calls. Time block each day of the week when you will be making sales calls and PROTECT that time from any other demands. #2- Focus. Multitasking is a sure way to do several things half-good. It’s also a more productive form of procrastination…