Latest / Mortgage Marketing Radio / Ep #55: Hire The Best People and Grow Your Team With DISC Profile
Transcript
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- 1:17Welcome to mortgage marketing radio brought to you by the Mortgage Marketing Institute.
- 1:22More number one source for truth in mortgage marketing.
- 1:29Hey listeners, Jeff Zimper, welcome to another episode of Mortgage Marketing Radio.
- 1:39Thank you so much for tuning in.
- 1:40I hope you're enjoying the podcasts.
- 1:43If so, have you subscribed?
- 1:45Do so please so you don't miss another one.
- 1:48And please take a moment and leave us a review on iTunes.
- 1:53And what I'm going to do is actually, at random, pick a review and give away free mortgage
- 2:00marketing radio t-shirt every week for the foreseeable future.
- 2:05So long as they're printing t-shirts for me.
- 2:08So if you're listening to this, you haven't yet left me a review, please do so.
- 2:13Over at iTunes, mortgage marketing radio.
- 2:15And what I'll do is I'll randomly pick somebody who left that review, send me an email that
- 2:20you've done it, send me the email info at mortgagemarketinginstitute.com.
- 2:25Let me know you've left a review and I will randomly choose one person out of a hat every
- 2:30week to win a free mortgage marketing radio t-shirt.
- 2:33How's that for cool?
- 2:34All right.
- 2:35So let's get into this week's episode and today we're doing something a little bit different
- 2:41as they say, money Python used to say, no, for something completely different.
- 2:46So here we go.
- 2:47This week we have got Jay Nibblich, who is the co-founder of Wise Hire.
- 2:54What is Wise Hire?
- 2:55It is a real estate recruitment software that helps real estate teams and loan origination
- 3:02teams and companies make smarter real estate hires.
- 3:06Bottom line, it helps you make smarter hires, better hires.
- 3:09Have you heard of the disc profile, D-I-S-C?
- 3:14If not, this is going to be a revealing education and insights for you into understanding
- 3:20human personality traits.
- 3:23The disc profile has been used successfully for many, many, many years more so than other
- 3:29personality profile in the history of humankind and helping to identify people, people's personality
- 3:39traits, their values, what they're all about.
- 3:41And for our topic today, using the disc profile for a hiring, right?
- 3:46So that's real estate agents.
- 3:48If you as a loan officer are listening to this and you want to add value to your real estate
- 3:51agents, this is a great podcast to share with them.
- 3:54The website, WiseHire.com, w-i-e-i-r-e.com is a great resource to share with them.
- 4:01There's lots of great free tools and templates to share with your real estate teams.
- 4:06These are for teams, people, agents that are looking to hire, right?
- 4:10Buyers agents.
- 4:11They're looking to hire assistants, admins, marketing people.
- 4:14These are for, you know, WiseHire is for mortgage loan, origination teams, a loan officer
- 4:19who wants to add a junior, who wants to add somebody, a loan officer, assistant, an op,
- 4:24a marketing person, right?
- 4:25So if you're in a position where you're either looking to hire and want to take the guesswork
- 4:29out of hiring and hire the best candidates, or you know somebody such as a real estate
- 4:33agent or team or company that wants to hire the best candidates, check out WiseHire.com
- 4:40and listen to this interview with Jay where we unpack why using the dis profile is important
- 4:48if you want to make sure you've got the best possible candidate for the role you're looking
- 4:52to fill.
- 4:53And then secondly, we're going to talk about WiseHire's process where they'll help you
- 4:58find the right person.
- 4:59They'll help you post your job on over 60 plus job boards and through their algorithm
- 5:04and their software and their process, they'll simplify and in some ways automate, right?
- 5:12I don't want to say completely, but in some ways they will allow the cream to rise to
- 5:16the top so you're only spending time with the best possible candidates.
- 5:21So you want a higher top talent before your competition does, you want to hire faster,
- 5:25you want to hire the right people, you want to eliminate the busy work, you know, tracking
- 5:29somebody down on LinkedIn or asking somebody who do you know, right, if you're really
- 5:33looking to scale that and make sure you've got the best possible candidates that are going
- 5:39through a analysis, right, discovering people's strengths and weaknesses in advance so you
- 5:45can make sure you've got the right person for the role, check out WiseHire, w-i-e-i-r-e.com.
- 5:52It's simply a smarter way to hire and listen to the day's interview because you'll find
- 5:58it very insightful and educational and a unique story that I was unaware of about Wonder
- 6:04Woman.
- 6:05Yeah, Wonder Woman, way do you hear the history and origin story behind Wonder Woman?
- 6:11I think you'll find it quite fascinating.
- 6:13I look at her in a whole new light now.
- 6:15You probably will too.
- 6:16So without further ado, let's get into this week's show.
- 6:22AJ, welcome to the show.
- 6:23Thanks, Jeff.
- 6:24Glad to be here.
- 6:25So I brought you here kind of, you know, not probably the usual guest we would have on
- 6:30a podcast for mortgage loan officers and, you know, mortgage professionals, but probably
- 6:35a growing audience for you.
- 6:37So for those listeners, I mean, you know, it's interesting when we talk about hiring
- 6:42and what's the right profile and how do we make sure we got the right person in the
- 6:47right seat?
- 6:48That's what's really attracted me to you guys and what you do at WiseHire.
- 6:52I was actually talking to a loan officer whom I work with and he had told me he's really
- 6:57thrilled with your service in allowing him to better identify and qualify the right candidates
- 7:02for his growing mortgage team.
- 7:05So with that set up in that context, you know, knowing that a bulk of our audience is listeners
- 7:09is loan officers, but the idea is also for them to share WiseHire and the content from
- 7:14this with their agents.
- 7:16How would you, you know, answer the question of them?
- 7:19So what are you doing?
- 7:20What service are you providing for both loan officers and realtors that want to hire
- 7:24the right people?
- 7:25And our heart, Jeff, we're a profile company, you know, we excel in other insularie pieces
- 7:31that need to happen to make that a possibility, but in reality, we're about figuring out with
- 7:38some real cool science, I happen to geek out and think it's cool.
- 7:44But personality traits, real accurate science driven stuff correlates with the best
- 7:50performers in any given role.
- 7:52And so hiring of the old days was kind of indirectly hoping you figured out through interviews
- 7:58and past performance, who was going to be the best fit for the job?
- 8:02That's what it's all about.
- 8:03That's why the 90 day probationary period exists too, because we pretty much know we're
- 8:07just guessing until we've seen them for the first couple of months.
- 8:10So we're trying to bring in and doing so, scientific predictive measures, if you will, that
- 8:15says, look, we know what the best look like in this role.
- 8:19This person looks like that.
- 8:21This person doesn't.
- 8:22Not going to tell you do or don't hire, but it's about identifying better performers
- 8:27right up in the beginning of the process and giving you something to hang your hat on,
- 8:30so you know this person can sell.
- 8:33This person can be a great admin, this person's great at whatever these different roles are.
- 8:37So the agents real quick, the reason loan officers are interested in us, if teams and brokerages
- 8:44don't have good agents, they don't sell.
- 8:46They don't convert.
- 8:47They don't find people that need loans.
- 8:50So the more effective the teams are at getting agents that know how to sell, the more they
- 8:56need loans, the more people they have to handle.
- 8:59So everybody is interested in making sure you've got a top producer in that position.
- 9:04So are you saying then that some loan officers are using wise hire, the disc profile specifically
- 9:09to find better agent partners?
- 9:12We haven't seen anybody use it yet for that relationship because that relationship is
- 9:17not an employment one where I need them to do it.
- 9:20We do see them using it for their own growth, so that loan officers or the organization's
- 9:25looking to bring on more loan officers, we're seeing that loan officers may be looking
- 9:30to bring on administrative assistance or some staff underneath them to help in a team's
- 9:34sort of mentality.
- 9:35But then we're seeing the majority of that use for them saying, I want my agent partners,
- 9:41I want to recommend this to people who are growing that team because I'm as interested
- 9:46from my business standpoint in them growing out a great sales team because the more they
- 9:51sell, the happier we all are.
- 9:53So they're referring and recommending people if not using it for their own growth.
- 9:57Yeah, very smart.
- 9:59So you said something earlier about, you know, I forget exactly what you said, but basically
- 10:02you're saying, we know who the right people are, you know, to hire for a particular role
- 10:07and let's just say a sales related role.
- 10:10So that could sound like a bold statement, but you sound pretty confident in saying that.
- 10:14There we are.
- 10:15I mean, my profile is one that's not great on detail, so I tend to just say, yeah, trust
- 10:22me.
- 10:23So back that up for those that are not necessarily trusting of me because they don't know me,
- 10:28I found it in our metrics, the parent that owns the profiles back 18 years ago.
- 10:34So we've got about 15, just a little under 1500 consultants in 32 countries right now.
- 10:41So we spend a lot of time growing over these last almost 18 years.
- 10:45We've worked with 10,000 organizations, some 6 million employees profiled those 1500
- 10:51consultants are using these on the ground in those countries, in the organizations helping
- 10:56with all kinds of different hiring, coaching, succession planning, things like that leadership
- 11:02development.
- 11:03So we have a really big database and a hell of a lot of experience looking at what correlates
- 11:09with best performers in a variety of roles.
- 11:12So when we say we know what the best looks like, it's statistics.
- 11:18We've got thousands of buyers agents, thousands of VSAs, loan officers, administrative
- 11:23assistants with performance metrics, and we looked at it and compared them and said, you
- 11:28know, what correlates scientifically, look, the better their performance is in this sales
- 11:33role, for example, because predominantly usually people are coming to us looking for sales
- 11:37first.
- 11:38They love getting admins and operations and support staff, but in the end, their first
- 11:44impetus is let's get salespeople that are really going to help us grow this team.
- 11:49We know what it looks like, and we can help them.
- 11:51There's way more to the higher than that, obviously we would always say any of these profiles
- 11:54should never be more than 25 or 30% of your total decision, the backgrounds that you should
- 11:59do, a really good background check, reference check, one or two deep, not just hate what
- 12:05fraternity brothers of yours should I talk to to see if you're a great guy, really doing
- 12:11things like that.
- 12:12Interviews, all those things are still very important, but we're here trying to give you
- 12:16some guidance into those intangible things that drive performance.
- 12:21It's funny when I'm up in front of the crowd, I'll say, tell me why you're successful.
- 12:25Nobody raises their hand and says, my degree, my clothes, my, some will say my experience,
- 12:30you know, but the majority of the answers are intangibles.
- 12:33My drive, my determination, my competitiveness, my assertiveness, and these are things that
- 12:38are intangible.
- 12:39How do you see these in an interview?
- 12:41Yeah.
- 12:42And we're putting numbers on them so you can see them, and then you can use that to make
- 12:44a better decision.
- 12:45When you say you're putting numbers on them, you're talking about from the disprofile?
- 12:48Correct.
- 12:49Yeah, the wise hire was founded to take the profiles from Intermetrics and put them in
- 12:54the hands direct to consumers, not needing to go through one of our master consultants,
- 12:59but the job hiring manager themselves in the smaller organization can say, hey, I've only
- 13:05got five, one, 15 people on the entire team, I'm not going to be able to get a consultant
- 13:10to come in and help me with this.
- 13:11I need something that's direct to consumer.
- 13:14So that's where the benchmarking in this simple interface came in on the wise hire side.
- 13:18So they could just sign up and not have to understand a 22 page assessment.
- 13:24Just look at single scores.
- 13:25Let's do this then for those listening, because I know some are probably familiar with
- 13:29the disprofile.
- 13:30Some have a person, you know, and then there's, well, I think I wasn't that, that thing
- 13:32I took a while ago, so if you could, you know, summarize what is the disprofile all
- 13:38about?
- 13:39And when somebody asks you with disprofile, what the heck is that?
- 13:42What do you say?
- 13:43Yeah.
- 13:44Discs is four letters of the four core dimensions of behavior.
- 13:49It was created by a doctor at William Marston at Harvard.
- 13:53The very famous psychology also created the lie detector and created the Wonder Woman
- 13:58character, probably they're not.
- 14:00Wait a minute.
- 14:01Whoa, whoa, whoa.
- 14:02He created the Wonder Woman character.
- 14:05Very interesting guy.
- 14:06Yeah.
- 14:07You ever noticed that the last so of truth is one of her supreme weapons.
- 14:12Get out.
- 14:13Guy created the lie detector.
- 14:14Come on.
- 14:15That's crazy.
- 14:16He was a huge woman's right advocate.
- 14:18This is around 1926, 1928.
- 14:22And he was a huge woman rights advocate.
- 14:25Thought the generation of today was done.
- 14:28There's no way that the guys that he hangs out with, they're going to start to receive
- 14:31respect women at the level that he thought they should.
- 14:33So he said, I'm going to invest in the next generation.
- 14:36And little kids, how do we teach little kids?
- 14:39What do they look at and follow?
- 14:40Comics.
- 14:41So let's create the first female superhero and Wonder Woman, who by the way, when I talk
- 14:46about the disc model, is the only one that has high DIS and C. It's impossible otherwise.
- 14:51So he created this research study that looked at normal people, the emotions of normal people
- 14:56was his seminal book.
- 14:58And he realized there's these quadrants that you can look at for behavior and he titled
- 15:03them the D for decisiveness, I for interactiveness, S for stability or stabilizing and C for
- 15:09cautiousness or conscientiousness.
- 15:12So that's what disc stands for, DIS and C. And those four quadrants handle how we make
- 15:17decisions, how we interact with people, what pace we prefer stability, you know, faster
- 15:23slow and how detail oriented or conscientious we are to details.
- 15:27Wow.
- 15:28That's a great explanation, by the way.
- 15:29I'm still taking it back by the Wonder Woman.
- 15:31That is really an amazing story and I love the fact that, you know, he wanted to create
- 15:34a positive role model, particularly, that's very groundbreaking for women, right, way
- 15:39back then.
- 15:40You know, he's a study in dichotomy because at the same time, he and his wife and his
- 15:48mistress co-lived together for the majority of their adult lives.
- 15:52So she was the muse for Wonder Woman.
- 15:55She well, you've noticed the other piece that Wonder Woman has are the metal bracelets
- 15:59to deflect the bullets.
- 16:02Every picture seen with the three of them, this German mistress is wearing these big
- 16:06hammered metal bracelets on her wrist.
- 16:08Who's bullets is she shielding?
- 16:10I don't know.
- 16:11It's a crazy, interesting guy, but when we talk about disk at wise higher, by the way,
- 16:15it's a little bit of a misnomer like Kleenex.
- 16:18We actually use three separate tests, they're psychometric assessments, but outside it's
- 16:23gravel, that's so waste.
- 16:25It's these personality assessments and they look at the what, the why and the how, what
- 16:29natural talents does a person have based on how they think and make decisions?
- 16:33That's a guy named Hartman from Yale and MIT.
- 16:36Why are they motivated to use those?
- 16:38It's a slew of PhD studying that in a totally separate field from Edward Spronger on to
- 16:43Rokiege looking at the seven core values or motivations and how do they prefer to use
- 16:48them.
- 16:49That's where Marston and the disk comes in, but because disk is in front, people just tend
- 16:53to truncate the entire thing and just say, oh, my disk profile, but it's really looking
- 16:57in three different sciences, three different veins of the individual.
- 17:00Okay, so let's get back into how do we use this in a practical sense, whether it's real
- 17:04estate loan officer.
- 17:05I've been asked this question before and I might have asked this to you last time we
- 17:09talked, but people are attending to use the disk profile, at least what I've seen,
- 17:13up front and close and personal is to find that perfect candidate or the ideal candidate
- 17:20and they tend to, like in a sales job, one would tend to believe that the higher the
- 17:25DNI, the more successful a sales person is that belief, perception, whatever, true.
- 17:31No.
- 17:32Okay.
- 17:33So can somebody say, hey, we're looking for salespeople, we want high ds and i's and that's
- 17:39how we're going to be successful.
- 17:41So you hear that, right?
- 17:42How would you steer people or how would you get them to better understand how to use the
- 17:47disk profile for a sales oriented position?
- 17:50We get it almost every day, absolutely makes sense and it's probably the most common mistake.
- 17:55The reason why it exists is because if you're left to interpret a 22 page report or 72
- 18:00or if you were to actually be allowed to print the whole thing, you're overwhelmed and
- 18:04you really don't have the expertise to do it and that's the mistake that we see a lot
- 18:07of people making is, subjectively, I want a super high DI.
- 18:11I'm good.
- 18:12Let's hire them.
- 18:13You have to look at a couple of variables, one, just because that's the how part, that's
- 18:17why I said the what, the why and the how.
- 18:19We can hire two salespeople that have identical disks, but if their motivations aren't right
- 18:25for sales and they can be drastically different, we watched managers, sales managers scratch
- 18:29their heads and go, these two look exactly the same.
- 18:31Well, yeah, they do, but one's got a Volkswagen engine and the other's got a Porsche.
- 18:36They're not the same on all measures and people use sales just too ubiquitously.
- 18:42It's like saying you should go into medicine, okay, does that mean you should work in a laboratory
- 18:47at a hospital or be in the ER or be a nurse or a doctor.
- 18:52Sales is super wide ranging, so 100% D, 100% I with no S and no C will be great for that
- 18:59massive, you know, like put your knee on their throat till they say yes, sales position.
- 19:05Yeah.
- 19:06We called it back in the J and J days, but that doesn't work in a consultative sale.
- 19:11If I'm selling intangibles, that doesn't necessarily work.
- 19:15If I have to be more consultative, my D has to come down and my S has to come up a little
- 19:19bit.
- 19:20If I'm selling technical products or more engineering or governmental things, my C has to
- 19:24come up.
- 19:25So there's a wide variety.
- 19:26We have about 120 benchmarks on the wise higher side and I would say there's 9 or 10 different
- 19:34sales benchmarks depending on who you are and what you're selling.
- 19:38Loan officers can't be 100% D and I because you can't work in a situation where you're
- 19:43just all shotgun, pure aggression, make it happen, let's get it done and have no appreciation
- 19:51for processes, paperwork, detail.
- 19:54I mean, okay, so I was off by a decimal point.
- 19:56Yeah, it's so wide, you know, $500,000, $50,000, you know what I mean, right, right, right.
- 20:04And of course, let's not forget all the guidelines and rules and regs that one must have here
- 20:08too.
- 20:09Yeah, 10S will go crazy in that situation because there's so much governmental regulation
- 20:15that they're going to just want to pull their hair out and go, why don't we do the selling
- 20:18cell phones and the kiosk on the street corner?
- 20:21Sure.
- 20:2215 minutes, sales cycle done next, but not for Loan officers, you just can't, a D is still
- 20:27very important, I is very important, but it has to come down into that 70 range, let's
- 20:32say some specifics here for a Loan officer, probably a 70, 75 D, 70 to 80, I, you can't
- 20:39have a 99 or 100 I, why, you got to shut up and listen to the customer, you know, that
- 20:45S, which normally the hunter gatherer is a 20, it better be coming back up into that
- 20:5050 range so they can deal with that regulation and the C can't be a 10 either unless they're
- 20:56lucky enough to have to do none of the transactions themselves and turn it all over to somebody
- 21:01in support.
- 21:02Okay.
- 21:03So then how much of a person's natural style is coachable?
- 21:09Can people change?
- 21:10And there's of course the adaptive style as well.
- 21:12So maybe talk about that if it's relevant.
- 21:14Yeah, disc is interesting because you have a two different scores for each of these
- 21:18dimensions.
- 21:19There's what you naturally tend to do when you're not thinking about thinking.
- 21:23Breathing is our best example in training, so it's just saying who you really are.
- 21:27Yeah, it's authentic as Marston called it, but we oftentimes because it's behavior, we
- 21:32try to adapt it.
- 21:33We say, ah, you know, I need to be a little more or less, that's called adaptation.
- 21:37You never hire for adaptation.
- 21:39Unadapted.
- 21:40I'm nowhere near as good as that if it was naturally what I was good at and it just zaps
- 21:44my strength.
- 21:45We always use the stock boy.
- 21:47I need a stock boy that can stock shelves, ideally he's six feet tall to reach the top
- 21:52shelf all day.
- 21:53I look at somebody and say, well, you're five, 10, but if you adapt and stand on your
- 21:56tiptoes, you reach top shelf, you're higher.
- 21:58I love it.
- 21:59Good example.
- 22:00What if you get him a stool?
- 22:02Exactly.
- 22:03Well, the problem is that person who's on their tiptoes is not as stable, not as good
- 22:07as a person on their flat feet and by, you know, lunchtime, they're dead, they're zapped.
- 22:13So you always hire for natural scorers, never adapt because people can only adapt for
- 22:18so long, right?
- 22:19And then they're going to fall back to the natural and they'll get exhausted adapting.
- 22:23You can't do it for more than minutes.
- 22:26The example we use is breathing.
- 22:28I can think about breathing.
- 22:30I mean, some yoga class, if I ever took one of those or something, some zen thing and
- 22:34all right.
- 22:35The moment I get distracted, I don't stop breathing and pass out.
- 22:39It reverts back to subconscious control and my body keeps breathing.
- 22:42Adapted behavior is the same.
- 22:44As long as I'm exerting mental energy to remind myself to be this, hold that pole over
- 22:51to the right, I'm okay.
- 22:53But you're talking two minutes, five minutes, 30 minutes.
- 22:55And then somebody says something and Boeing, you let go of the pole and it goes right back
- 22:59where it wants to be.
- 23:00And I forgot.
- 23:01Oh, yeah.
- 23:02I'm a natural tendency is to be a super high D.
- 23:04And so I just bark something out about, come on, let's go.
- 23:08Aside from me, wait, not.
- 23:11That's so accurate.
- 23:12All right.
- 23:13So back to my original question is, you know, because I see a lot of disprofiles in the
- 23:16coaching of loan officers I do and it's all over the map, of course.
- 23:20So how much of this is, you know, coachable, if you will, are changeable to recognize, you
- 23:25know, can somebody see that, you know, I need to do better in this category or adapt
- 23:31here.
- 23:32Is that possible?
- 23:33Or is people's like, you know, that's it, DNA.
- 23:35The tolerance to answers, the tolerance for adaptation is around 20 points, maybe 30
- 23:41max.
- 23:42If you have to sit in your desk and say, all right, I got to remember to do this.
- 23:45And it's just changing a little, right, 20% or less.
- 23:49That's okay.
- 23:50And probably doable, not ideal, but doable.
- 23:53Can I permanently change from this low D that I am or lower to a high D?
- 23:59No, I can't.
- 24:00It's glacially dynamic, we call it.
- 24:02It changes over three, five, seven, ten years, slowly.
- 24:07But I can't go into a coaching program.
- 24:10Disc is the most utilized and studied behavioral model in the history of the human race.
- 24:16You know, 1926 when he started working with this, nobody has been able to come up with
- 24:21a program that rewires the neural networking of a 40 year old that's been in place for
- 24:2640 years in a week or a month or a year.
- 24:29And if you have to put somebody into a 12 month long coaching program, what's the point?
- 24:34Why are you doing that?
- 24:35They're not a good fit.
- 24:36What do you advise then if we take a look at our roster of people, let's say, and I realize
- 24:41I've got a predominant percentage of people who, well, I'm reluctant to now say this,
- 24:46but I will.
- 24:47Let's say my perception is I have people who have the wrong dis profile for the role.
- 24:53My perception is that my problem, my perception, and it's no dude, what you need to do is figure
- 24:58out how people can be successful in the role with the dis profile they have.
- 25:03Or is it really, you know, there are people who won't be successful in X role because
- 25:08of their profile?
- 25:09A little bit of both, it's degrees, really.
- 25:12My first book was called What's Your Genius.
- 25:15And it's the summary of a seven year, 197,000 person study globally.
- 25:20The very top performers all had one major trade in common and it's that they were authentic.
- 25:26They knew they sucked at this and they changed the way they went around that objective by
- 25:32making sure they didn't have to use it.
- 25:34So let's say you're in sales.
- 25:35If you're an A, B, or C, break them out that way, like good to great, you're in the right
- 25:40seat or you're an A player, you're not.
- 25:43If you're really far away, you're going to know it because they're probably profiling
- 25:46this person because they're struggling greatly already and there's just too far away.
- 25:50I can't turn you from a high SC into a high DI.
- 25:54If you're in the middle, you're that B player, well, you can adapt a little bit and then
- 25:59also maybe change the way you're going about the job.
- 26:03So can I take somebody and give them an assistant?
- 26:05Can I get somebody to offload where they're weak and some systems?
- 26:09Is there software?
- 26:11There's some other thing that we can do.
- 26:13In realtors, we see buyers agents doing this all the time.
- 26:17They're great service sales people but not really great hunter prospectors.
- 26:23It's the growing trend in real estate, getting somebody on the team in an ISA role who augments
- 26:29that.
- 26:30They'll take those cold calls, dial 110 Fizz bows for sale by owners and say, hey, are you
- 26:35interested?
- 26:36Can I get you on the schedule at two o'clock next Wednesday and then the buyer's agent
- 26:40who's not great at prospecting takes over?
- 26:43So that's someone who's augmenting where they're weak and still doing the job but they're
- 26:47doing a slightly different job in a different way.
- 26:49If you're too far away, if you're so far off track of what you are, I'm not going to
- 26:54be able to help.
- 26:55You can't change the job that much and you really just didn't own role and probably need
- 26:59to be thinking about other employment in that organization perhaps.
- 27:02We had a guy in a loan officer role who was a high SC, struggling, dying, just bottom
- 27:08of the rankings as far as sales go and you imagine, super high SC, super analytical.
- 27:15The values had nothing to do with economic, hated it and eventually the organization moved
- 27:20them over into an analyst role.
- 27:22So they didn't fire them.
- 27:23They just said, you're a whole lot better over here where we need help.
- 27:26Aren't you move over there to that side?
- 27:28And loved it.
- 27:29Sounds like the right move.
- 27:30That's awesome.
- 27:31Okay.
- 27:32So speaking of the values, I'm glad that I got a chance to talk to you because I think
- 27:37that's a part, at least for me personally, that tends to get glossed over but I think
- 27:41it's very relevant when you're evaluating the person for the role.
- 27:43Like in the case of we're talking about sales here, right?
- 27:46Somebody who's got a high economic value on this scale, on this chart that's provided
- 27:51by the disk profile, one would think that that would mean, obviously, they're money motivated,
- 27:56right?
- 27:57And that's hopefully good for sales.
- 28:00Yeah, if it's a variable plan, which almost all sales are, we do see, again, there's
- 28:06a few sales roles that 80% of it's ace in maintenance and there's 20% growth.
- 28:11Not here.
- 28:12You know, the realtor is usually 100% commission, loan officers, significant percentage commission.
- 28:17Economic is the first place in all the studies we've done, the most amazing correlation.
- 28:21I mean, like not to say nothing else matters, but the higher it is in a commission role,
- 28:28if it's a majority commission, the better it is.
- 28:30And economic isn't just money, I would retitle it ROI in trainings.
- 28:36I'll do that and say it's really about a meritocracy.
- 28:39It's a person who wakes up and says, I love the culture where the more I do, the more
- 28:45I get, and they're okay with the less I do, the less I get.
- 28:49What kills them is to go to a job and say, here's 50,000, here's 100,000, you can be the
- 28:53best in the company.
- 28:55You're going to make the same as the guy on the worst.
- 28:58Now, he'll be fired next year, but he's still made the same you did, right?
- 29:01It's like it says, I'm looking at an actual profile right now.
- 29:05They're very competitive.
- 29:06So if they're high on the economic scale, competitive, which is good, to your point about
- 29:11sales, right?
- 29:12It's like you got to get after it, there's competitions.
- 29:15Is anything on the values chart there, any red flags or things to look out if somebody's
- 29:20going to be in a variable sales role?
- 29:23The top three that we see are economic should always be in first.
- 29:27It's a big red flag.
- 29:30I'll take a slightly different deer and eye or an S or C. If that's not in first and
- 29:36high, that's my biggest red flag, probably the second and third can be split either or
- 29:41between individualistic and political.
- 29:45Political oftentimes people get confused about, and they're like, he's just a loan officer.
- 29:49He doesn't lead people, he's not the manager.
- 29:52Great outside salespeople have high political because a great salesperson actually leads
- 29:57the sale.
- 29:59The prospect, the prospect, thinks they're in charge, but a good salesperson is managing
- 30:04that prospect all the way through.
- 30:07An individualistic usually works out pretty well because they enjoy the freedom that most
- 30:13of the time sales offer.
- 30:15Not quite as high in loan officers because they're not really outside hunting, gathering,
- 30:19driving around sales folks as much.
- 30:21An individualistic could go down and still be okay, but economic political for sure.
- 30:26Very interesting.
- 30:28I'm looking at this profile right now of a particular person.
- 30:30Looks like they have a great profile for being a loan officer.
- 30:35That is awesome.
- 30:36Can't wait to tell them.
- 30:37If those are from the bottom and like altruistic, regulatory, aesthetic, all those were super
- 30:44high.
- 30:45That gets more into an ops role, operations, or support or something like that, right?
- 30:51Exactly.
- 30:52Okay.
- 30:53So, how do you usually advise somebody?
- 30:55You said earlier, 25-30% of the hiring decision should be the disc profile.
- 31:00I was surprised that that seemed low to me, and maybe I need a little correction.
- 31:05There's so many other variables that we'll never be able to measure.
- 31:09What's their overall attitude, which is just this umbrella for characteristics?
- 31:13It doesn't.
- 31:14Can't that be BS?
- 31:15I mean, come on, right?
- 31:16If we're interviewing salespeople, they interview well.
- 31:18They're supposed to interview well.
- 31:19Exactly.
- 31:20I just really like that guy a lot or that girl a lot, man.
- 31:23Just really liked her.
- 31:24We really connected really well.
- 31:25Well, I guess if you connect well, that's probably sign of somebody who's got a decent
- 31:29eye, right?
- 31:30Right?
- 31:31Most likely, yeah.
- 31:32I mean, well, there's an old saying that sometimes the last thing a bad salesperson sold
- 31:36was themselves.
- 31:37Yeah.
- 31:38Exactly.
- 31:39Okay.
- 31:40So, 25-30%.
- 31:41I'm just taking that on.
- 31:43I'm just kind of chewing on it for a bit.
- 31:45Because for me, I'd be looking at like 50% being like, okay, who's this person?
- 31:49What's their role?
- 31:50Bank, D.I.
- 31:51Good.
- 31:52Okay.
- 31:53Not too high on the SC.
- 31:54Cool.
- 31:55Good.
- 31:56To me, it's always the front filter.
- 31:57I don't know why we would put that at the very end after you've invested hours of your time
- 32:02to do something else.
- 32:03But after the front filter, we do look at attitude.
- 32:06But those are things that we can't necessarily measure because it's a little ubiquitous.
- 32:11It's everywhere and everything under one umbrella.
- 32:15So I want to see how positive are they?
- 32:18Background does matter.
- 32:19I mean, I can't just necessarily drop somebody into a sales role if they've never been in
- 32:23banking or finance.
- 32:24They don't even know anything about the origination process, training.
- 32:28Most of the time, having a degree is something that people want.
- 32:31So these are all variables when I get into the interview.
- 32:34Just because they've got a great profile doesn't mean that you don't walk into somebody who
- 32:39shows up wearing a purple suit with green socks, who thinks it's fine to chew with their
- 32:44mouth open and say, this is dad.
- 32:48You know, I'm from Atlanta or I'm from Boston.
- 32:53I mean, there's all kinds of subtle other things that actually can be very important in the
- 32:58process that totally can make a big difference.
- 33:01And we're not measuring IQ.
- 33:02And that's an important thing.
- 33:04These are not cell phones, no offense to cell phone folks that are listening.
- 33:08But you know, I'm not selling chicklets out of a push and a heart.
- 33:12This is ice cream.
- 33:13This is important stuff that's complicated and it takes a high degree of intelligence and
- 33:16usually a bachelor's degree or more to understand what you're doing.
- 33:20Absolutely.
- 33:21Okay.
- 33:22No, that's good.
- 33:23All right.
- 33:24Let's transition into how people are using your service.
- 33:25So, you know, you know, I've talked before and I told you, as I mentioned earlier, there's
- 33:28a loan officer who's using your service, which helps find the right candidates integrating
- 33:34the disk profile into the kind of prescreening, you know, process, right?
- 33:40So can you talk a little bit about how that aspect of your company works?
- 33:43Oh, yeah.
- 33:44So, it's about, that's all I talked to the very beginning about other antillary pieces.
- 33:48So sourcing is something that we had to become very good at.
- 33:51You know, we'll have enterprise accounts with all 60 big job boards, indeed, zip, monster,
- 33:55career builder, you name it.
- 33:57So we'll put a job up there instantaneously.
- 34:00We syndicate it to everywhere.
- 34:02So it goes out to the wideest shotgunning possible.
- 34:06As they come in, it was unintentional.
- 34:09But just the process of having them complete a 13 minute assessment, screens 40% of the
- 34:16people that press the button, let's say on, indeed, oh, I'll take that job.
- 34:19We'll email them for five times in five days, one email a day for five days, saying, hey,
- 34:25you never finished this assessment, again, takes 13 minutes, they still won't do it.
- 34:29So right away, we're screening out those.
- 34:31They're just not serious.
- 34:33They hit a button and we're hoping to get a job and lazy.
- 34:35So you never even saw them.
- 34:37You never even had to mess with them.
- 34:38You could look in there and see resumes if you really wanted to, but why?
- 34:42Then it's screening the 60% that do make it to that floor two or the second level.
- 34:47And we're putting them in a rank ordering from zero to 100 based on that assessment and
- 34:51the personality.
- 34:52So again, you screened the lazy ones that couldn't even open the front door, push versus
- 34:57pull.
- 34:58You screened the majority of the people below 70 or 60.
- 35:01They're there, but are you really going to take the steps to then invest all of that
- 35:05labor of talking to them, interviewing them, background checks?
- 35:08So you're probably only looking most likely at the top 20% at that point.
- 35:12Then you know, this is good hunting grounds.
- 35:15Think about it like a salesperson.
- 35:17These are the people that I'm now considering qualified prospects that I'm going to take
- 35:22my time to go get.
- 35:23And then you do your thing from there, resumes up there, profiles up there.
- 35:27There's all kinds of little tools to track them and keep notes and you can email them
- 35:30and things.
- 35:31The majority of it is, how do we get as many people to apply as possible?
- 35:35How do we screen them?
- 35:36So you're only going to get your time involved as a salesperson, if you think about it like
- 35:40that, with the best juiciest, most qualified suspects.
- 35:44What's the wise score?
- 35:46How does one arrive at that?
- 35:47We look at those three assessments and there's just some proprietary algorithms that weigh
- 35:51those differently depending on the benchmark and summarize them into a single score.
- 35:56Because again, our customers don't want to become experts in profiles.
- 36:00They want us to do that and simply go line them up for me from one to 100 and then move
- 36:05over and let me go to work.
- 36:08And so to kind of clarify what you said earlier, essentially part of your service is, right?
- 36:13You're looking for a particular position to hire.
- 36:15You guys even have help with job candidate description templates and based on the role
- 36:21of the position, some questions to ask and basically it's within one click, right?
- 36:26You click a button in your job bottom.
- 36:28We post all these different job boards and then they go through the process you've just
- 36:32described and you focus on the top 20% to save yourself a lot of time and, right, ideally
- 36:37get the best candidates.
- 36:38Yeah.
- 36:39So I'd benefit.
- 36:40We didn't necessarily think, but it sounds silly we probably should have.
- 36:45We find in the best candidates don't last long.
- 36:49And so if you got 50 resume, so think about the typical person that's listening to this.
- 36:54You got 50 or 100 resumes.
- 36:55What the heck are you going to do with that?
- 36:57You're going to look at 100 resumes in a day and by the time you've looked at 10 or 20,
- 37:01have you really done a service to the 50th resume?
- 37:04They start breaking them up and I'll chunk them out today.
- 37:06I'll look at 10.
- 37:07If it's three, five, eight days before you get to the 99th person that applied, who may
- 37:12be the absolute perfect person for you, they're gone.
- 37:17They might have either gotten another job or they're not wanting to hear from you eight
- 37:20days later.
- 37:21They're like, dude, I applied to you eight days later, like you care about me.
- 37:24So we want to put that juiciest prospect in front of you, in front of everybody else.
- 37:29So you go to them first.
- 37:31So that's how people are using it.
- 37:32It's about getting as many as you can to apply and then figuring out which one of these
- 37:37should I invest my time in first and who's the one that I want to get in front of first.
- 37:41So I don't lose them to some other job because I guarantee you they didn't just apply to
- 37:44your job alone.
- 37:45Very cool.
- 37:46You also have a hiring coach.
- 37:47If somebody's looking for some additional help hand holding, how do I make this work
- 37:52for me individually?
- 37:54Absolutely.
- 37:55Those templates you talked about, we craft them based on those keywords that resonate
- 37:58with the personality type.
- 37:59We're using actual words in there, one that are SEO proven.
- 38:03We know that the people, let's say looking for loan officer jobs or buyer's agency, they
- 38:07search keywords.
- 38:09So we know, let's put these in here and then we're using words that attract them.
- 38:14You're not going to attract, you don't want to attract and have people applying that
- 38:18aren't ready for a competitive environment that's fast paced, aggressive with a great
- 38:22commission structure that's variable and you know, it actually makes people that aren't
- 38:26a good fit kind of go, ew, I don't like some of the words in there that doesn't sound
- 38:29fun.
- 38:30Good.
- 38:31We don't want you.
- 38:32No offense.
- 38:33It's not right for them or us.
- 38:34Right.
- 38:35Right.
- 38:36You know, I was looking at some of the testimonials in your site and I was going to ask you
- 38:38the question of like, how do you measure success, right, or how do your clients tell you
- 38:42that it's working?
- 38:45I mean, I can see some of the comments here for example, from a realtor team in St.
- 38:50Louis where she received over 800 resumes, which of course is overwhelming, but because
- 38:54of your service, you could sort them by date and score thereby getting to those best fit
- 39:01candidates.
- 39:03But any other commentary you want to provide around either where there's anecdotal or
- 39:06you guys have some type of metrics for measuring, you know, how do you know you're successful?
- 39:11I have a retention.
- 39:12Obviously, the subjective stuff about the comments, we have a net promoter score that we ask
- 39:17everybody to fill out and we're consistently high up into those 8s, 9s and 10s.
- 39:21You know, would you recommend us to somebody else?
- 39:24Most importantly, it's the retention, you know, we don't have contracts.
- 39:28It keeps us honest.
- 39:29If you didn't love us last month, you shouldn't use us next month.
- 39:32And so if we have turnover or churn, we know that we didn't do the right job for those
- 39:37customers.
- 39:38We're at about 95% retention.
- 39:40We have 90% that stay 5% that close because we, but it's called good churn because they
- 39:49got the job filled and they don't have another job to hire right now.
- 39:53The vast majority of those, that 5% that fill the role and leave because most of them fill
- 39:58the role, but they're constantly hiring, you know, I'm going to be looking for an agent
- 40:01every month for the next 12 months kind of thing or an admin this month and I say the
- 40:06vast majority of those that say, I'm done.
- 40:08I got it.
- 40:09I don't need anybody for the next three months, they'll suspend their account.
- 40:12They all come back.
- 40:13So there's about 5% that we're just not a good fit for.
- 40:16You know, they come in and say, I want the perfect buyer's agent who's got five years
- 40:21of experience and 10 sides and I will only do this, I'll give them 29 days to find them.
- 40:28And we actually, you know, sold those people right up front, we're not a good fit for
- 40:31you.
- 40:32Go use Craigslist.
- 40:33Craigslist.
- 40:35I don't know if there's got to be a lot of sifting and sorting to find talent through
- 40:39Craigslist.
- 40:40You want a beer fridge for your garage, it's great place to go.
- 40:44Exactly.
- 40:45That's awesome.
- 40:46All right.
- 40:47Well, this has been really awesome.
- 40:48A great education for me, I've learned a lot and I'm somebody who's got my nose and
- 40:52people's disc profile's every day.
- 40:55What I love is you encourage people to go to your website, right?
- 40:59And use some of the resources that are there.
- 41:01You want to talk about what they might find on there?
- 41:03I mean, I see you got a new e-book available, but where would you like to use recviewable
- 41:08just to the Ysr.com?
- 41:09Yeah.
- 41:10W-I-Z-E-H-I-R-E is Ys with a Z and just go on up there.
- 41:14I mean, it's a completely virtual company.
- 41:16So everything's designed to be user friendly right there online every once in a while,
- 41:21so I'm going to say, can you email me a brochure and we're like, no, it's online.
- 41:26Everything's there.
- 41:27We got some great tutorial videos.
- 41:29The resources are free.
- 41:30Go to the resources tab.
- 41:31You can download job descriptions and start playing with them and use them however you
- 41:35want, but there's great chat features in there.
- 41:38We can get online and answer questions.
- 41:39You have customer or not, doesn't matter, right?
- 41:42Absolutely.
- 41:43Very cool.
- 41:44And if somebody hasn't done a disc profile, what are their options for doing that?
- 41:49Go to Ysr with a Z and right there on the landing page, you can take a free disc all day
- 41:54long.
- 41:55Yep, I see it right there.
- 41:56That's awesome.
- 41:57Very good.
- 41:58Cool.
- 41:59We put links in the show notes for those listening to the web page and the resources page.
- 42:05So everybody can connect with Ysr and I just check them out, whether you're a real estate
- 42:08agent and you're listening to this by way of a loan officer, make sure you get back with
- 42:12them and thank them for the info.
- 42:13Check out Ysr and if you're a loan officer and you're growing a team or a leader at a
- 42:19particular company and you want to hire better people, whether it's for ops, loan officers,
- 42:23whatever, check out Ysr because as you've heard, they're going to save you a lot of time
- 42:27frustration and get more of the right people in the right positions at your company.
- 42:31So, Jay, man, I thank you for this very much.
- 42:34Appreciate your time.
- 42:35Oh, man.
- 42:36Questions all mine.
- 42:37Thank you.
- 42:38Alright, everybody, for listeners, once again, if you haven't yet subscribed, please do
- 42:40so.
- 42:41Leave us a positive comment.
- 42:42I always look into your feedback and I appreciate you listening until the next time you make
- 42:49it a great day.
- 42:50Bye for now.
- 42:51Thanks for listening to Mortgage Marketing Radio.
- 42:55One more truth in Mortgage Marketing, get more free training and resources at MortgageMarketingInstitute.com.
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