Navigating the New Terrain of Mortgage Originations

    Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.

Estimated reading time: 1 minute, 3 seconds

Social Selling the Key to Personal Brand Building

You know the drill: social selling is a requirement for LOs who want to increase their visibility among potential customers and referral sources.

Pat SherlockResearch from NAR underscores why LOs must cultivate a robust online presence if they want to get noticed in their marketplace.

Why it matters:

  • 97% of all homebuyers use the internet in their home search according to NAR’s Real Estate in a Digital Age report (September 2021). That means sales professionals must be active on the same social channels as their target audience.
  • Similarly, Realtors’ widespread use of social media channels is a clear indication that LOs in search of referral sources would be wise to engage on the same platforms. According to NAR’s Realtor Technology Survey (November 2022), 57% of respondents use social media apps daily.
  • The study also found the vast majority of Realtors (89%) use Facebook in their business followed by Instagram (59%), LinkedIn (53%) and YouTube (26%).

For additional insights on how to leverage social media in your business, listen to Marlene Schwoyer, EVP/Regional Sales Manager at Fulton Mortgage Co., discuss “Using Facebook to Generate a LO’s Personal Brand.”

Pat Sherlock is the founder of QFS Sales Solutions, an organization that helps organizations improve their sales talent management and performance. For more information, visit https://patsherlock.com.

 

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