Teaching Referral Partners How to Sell You
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Questions and Answers

What is the purpose of teaching referral partners how to properly introduce and refer potential clients to you?

  • To ask realtors about their exceptional qualities
  • To ensure that the referral is based on rate comparison
  • To provide a script for referral partners to memorize
  • To improve one's batting average and cohesiveness with referral partners (correct)
  • Why is it important for loan professionals to avoid referrals based on rate comparison?

  • Referrals based on rate comparison may lead to higher fees
  • Referrals based on rate comparison is a great lead
  • Referrals based on rate comparison start you off on the wrong foot (correct)
  • Referrals based on rate comparison are more likely to result in successful loan applications
  • According to the video, what is one of the ways the speaker maintains a relationship with borrowers?

  • By sending them brochures
  • By managing their debt on an ongoing basis (correct)
  • By providing education about interest rates
  • By working with realtors and financial planners
  • How does the speaker improve their batting average and cohesiveness with referral partners?

    <p>By collaborating with referral partners on powerful introductions</p> Signup and view all the answers

    What does the loan officer need to do after the realtor shares their thoughts and experiences?

    <p>Repeat back to them what they said and craft a script for them to use</p> Signup and view all the answers

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