DigMo Las Vegas: The Mortgage Borrower Retention Solution
Mortgage Borrower Retention has been on the back burner of the mortgage industry since the New Kids On The Block broke up. (sorry, too soon?). It’s a problem that plagues the industry. In software we call it “Churn”. Churn happens when clients don’t renew their subscription. Churn in the mortgage world is when a borrower buys a new house, and finances it elsewhere. Till now, the solution has been around retaining all – but the cost of expensive programs has made it prohibitive.
The growth of tech oriented and ad spend heavy leaders such as Rocket and Guaranteed Rate have been laser focused on sniping borrowers away from their lenders. This then forces lenders of all sizes to spend their way out of the churn, buying mortgage leads and increasing the cost of retention.
At Digital Mortgage, we at Revaluate will be sharing the new way to drastically improve borrower retention. It’s really an old school solution combined with todays Artificial intelligence – and it lives inside your existing LOS and or CRM.
- Stop by the Revaluate booth #408 and ask to speak to Ryan, our resident borrower retention expert.
- Attend Track 4 Session on Wednesday at 4:05 PM. “Leveraging Data in Shifting Market Conditions”
In this session, attendees will learn how to leverage data to optimize marketing dollars and create business efficiencies. Discover best practices from some of the brightest minds in mortgage for how and when to communicate to prospects and past clients to deliver value and nurture relationships. As the market continues to shift, it’s more important than ever to fine tune strategies and stay on top of trends.
- Book a 1:1 consultation in advance or at the DigMo with one of our borrower retention experts
Schedule a Borrower Retention Consolation
Revaluate is looking forward to seeing you in person at Digital Mortgage