Latest / Mortgage Marketing Radio / More Realtors, Better Realtors: The Strategy for 2027
Transcript
- 0:00Hey, it's Jeff Zimper, and I'm coming at you live from the Momentum Builder event in Dallas, Texas right now.
- 0:06As I'm recording this, the session one is over, and a shout out to both
- 0:11Don and Gina and the whole crew here put on this amazing event, lineup of speakers and agenda.
- 0:16It's fantastic.
- 0:17If you didn't get a chance to come this year, definitely make a plan to come next year.
- 0:20Momentum Builder Live.
- 0:22And I wanted to carve out a little bit of time real quick and get out this real quick podcast session to you.
- 0:28Because we're at the time of the year where it's important and smart to think about your plan for the new year.
- 0:36As I talk to loan officers here, talk to loan officers across the country with coaching calls and whatnot, I interact with different leaders.
- 0:42One of the things that's definitely a recurring theme is that business is still happening out there.
- 0:49I don't know if you heard this, but I shared recently the other day that I pulled the stats in my backyard for the Clark County out in Vegas, Southern Clark County MLS Board of Realtors.
- 1:03And if I remember correctly, I remember the exact number.
- 1:06I think there was 1,200 or 2,000 and change homes sold in my backyard.
- 1:12Those are purchased homes, right?
- 1:13Those are not new construction.
- 1:15Those are resale.
- 1:16Townhome, single-family residence, condo.
- 1:19Let's just call it 2,000, right?
- 1:20And so I'm in Las Vegas, Nevada.
- 1:22It's not that big of a city, right?
- 1:24So wherever you're listening to this, I would encourage you to check out some of the data.
- 1:28If you're ever feeling like, oh, there's not enough business out there, there's not enough, right, to go around, pull some stats.
- 1:33I mean, if I was still originating and there's 2,000 homes that are sold
- 1:37within a 30-minute drive of me, I'm going to be asking myself, what am I doing that I'm not capturing more business?
- 1:43How many of those 2,000 homes or whatever your number is in your backyard do you need?
- 1:46Do you need another three or four or five?
- 1:49Do you need 10?
- 1:49What is it?
- 1:51Because the business is out there, right?
- 1:53Business is still being done by the truly motivated people.
- 1:56And I don't want you to fall prey to this time of the year, you know, it's October, we're heading into Q4.
- 2:01What you do now is what's going to determine where you wind up Q1 2027.
- 2:05And as I'm talking to loan officers, look, if you're bullish on realtors, which if you're listening to me, I assume you are.
- 2:12Realtors are still a very profitable, very viable pillar of business.
- 2:16As a matter of fact, there was a Stratmore report recently that said that approximately 50% of the time on transactions in this market right now, the buyer goes with the loan officer that is recommended by the realtor, 50%.
- 2:31And I've seen numbers in the past that's higher than that, but let's just say it is 50%.
- 2:35And so while realtors get a lot of bad press, realtors get thrown under the bus easily, yes, there's a lot of bad realtors, there's a lot of bad everything, bad plumbers, bad chiropractors, bad lenders, right?
- 2:47And so it comes down to you get what you tolerate.
- 2:49And here's what I find is that
- 2:52I'm gonna ask you a question.
- 2:53If you're gonna have realtors as a pillar of your business, do you need more realtors, better realtors, or both?
- 3:00When I ask that question on webinars, most loan officers say I need
- 3:05But the frustration that I find with most originators is they don't have a predictable system, a realtor acquisition strategy that takes them out of the chase, takes them out of the hunt, and actually flips the script.
- 3:19You know, I'm thinking of my friend Brady Thomas with CMG Home Loans.
- 3:26Brady is a superstar performer.
- 3:28He exceeded $100 million in production this year.
- 3:32And one of the things he shared with me when we were working together was I showed him this pyramid, prospecting pyramid, which on the bottom is you're a loan officer.
- 3:39The way you approach realtors, you're seen as a solicitor, right, or a vendor.
- 3:44And we need to get out of that approach of solicitor and vendor and get into the partner, peer, mentor level of the pyramid.
- 3:50The only way you can leapfrog that referral gap is if you stop chasing, stop showing up like everybody else, and actually build an educational platform that's
- 4:00that brings agents to you, that allows you to showcase your value by helping them solve problems and facilitating an informational class that helps them on a particular thing.
- 4:11Now, that could be in this market.
- 4:13Oh, you can do a class on seller concessions, right?
- 4:15Seller buy-offs.
- 4:16You can do a class on how do they get found in AI.
- 4:18You can do a class on optimizing their Google business profile.
- 4:21You can do a class on the cost of waiting, right?
- 4:25There's lots of different topics, and by now you know that this is what my specialty is.
- 4:30I help loan originators scale their agent reach and referrals without chasing or cold calling, but by building an agent traction machine.
- 4:40And this special podcast is coming to you because on Wednesday, October 14th at 10 a.m. Pacific, 1 o'clock Eastern,
- 4:47I am hosting a free training and workshop.
- 4:50It's called the first class method, how to host your first agent class and walk out with three plus new referral partners.
- 4:57I'm going to take you through what I've been doing for the last decade, the step-by-step method that I help loan officers implement to fill a room with agents, teach a topic with confidence and turn attendees into partners.
- 5:08No chasing, no cold calls.
- 5:10You're invited.
- 5:11The link is in the show notes.
- 5:13I'm only doing this one more time before the end of the year.
- 5:15That's going to be on October 14th at 10 a.m. Pacific, 1 Eastern.
- 5:19There will be no replay, no recording.
- 5:21But just imagine for a moment, I'm just going to read to you some of the success stories of originators I've worked with this past year.
- 5:28Kevin Watson, Churchill Mortgage.
- 5:3053 agents at his first class.
- 5:3223 he had never met before.
- 5:34Glenda White, Nexa Mortgage.
- 5:35Closed $1.2 million from just one agent who attended her class.
- 5:40Kevin Dwyer, his very first class, closed a $700,000 loan.
- 5:43Then he went on to continue to work with me and over the next 12 months added $20 million to his production.
- 5:50I can keep going.
- 5:50Here's my buddy Travis Newton and James, the mortgage dads.
- 5:54Travis told me that since he and I have been working together, he's probably added about $30 million to his production.
- 5:58Tiffany Saxton, four loans closed from her last class.
- 6:02Brian Laflame added $15 million to his production in one of the toughest markets we've seen.
- 6:07And it's exclusively because he got in front of more agents in less time.
- 6:12See, here's the thing.
- 6:12You've got to stop being a secret agent.
- 6:14I call it becoming five mile famous.
- 6:16The biggest challenge of why you're not getting more referrals from realtors or why you're having to work with bad realtors is you don't know enough people.
- 6:23enough people don't know you.
- 6:24So that's where scaling your reach, going from one to one to one to many solves that problem.
- 6:30It's the law of large numbers.
- 6:31Succeeding in this business is math.
- 6:34My buddy Brady Thomas, I said, the agent class format helped him make the shifts from vendor to partner.
- 6:40He stopped chasing, started the tracking, and doing the agent classes was one of the big parts that helped him grow his business 40%.
- 6:48I can go on and on, right?
- 6:49I got Ori with Cross Country.
- 6:5210 out of 11 agents who came to his recent class said they'd be open to working with him.
- 6:57So guys, if you want to win, if you want to make it easier to win, sometimes it's not that you're not working hard enough.
- 7:03It's just that maybe you're working on the wrong formula, the wrong approach, the wrong system.
- 7:08And that can make a big difference.
- 7:10And so once again, I'm going to invite you to check the link in the show notes, register for this free workshop.
- 7:15where I'm going to go through my whole system.
- 7:16Yes, there will be an invitation at the end for you to have a chance to work with me in a small group fashion where I'll help you implement this in your own local community.
- 7:24And so you can stop chasing, fill a room with agents, get some of the similar results like you just heard.
- 7:29You'll see it all on Wednesday, October 14th, 10 a.m. Pacific, 1 o'clock Eastern.
- 7:33You can go to agentclassmethod.com.
- 7:37Check the link in the show notes or go to agentclassmethod.com.
- 7:40All the details are there.
- 7:42I look forward to seeing you at the upcoming workshop.