Many homeowners think that once they’ve closed on a mortgage loan, the lender patiently sits back and collects interest on the loan. Mortgage lenders actually make the majority of their profits selling mortgage loans on the secondary market to insurance companies and investors. Mortgage brokers and bankers are in the business of originating mortgage loans; meaning that they make money from origination fees and retail markup of your interest rate. Not only can you count on the fact that your mortgage lender will sell your loan, but you actually gave permission for them to do this when you signed your loan contract. Find mortgage lenders with the best loan rates.

There is an obscure passage in every mortgage contract that addresses the “Servicing Rights” for that loan. Mortgage companies are required by law to disclose the fact that they will sell your loan along with the percentage of loans they sold last year. When you sign the loan contract you are in fact acknowledging that the lender told you that they would do this and you gave permission for them to sell the loan. The bad news for you is that when the lender sells your mortgage, you could lose benefits that were promised to you by the old lender. Banks are notorious for offering a slew of benefits to sweeten the deal with their customers. You could potentially get free accounts, safe deposit boxes, notary services, and reduced fees for many bank services by taking out a mortgage loan. What happens when the bank sells your mortgage loan? .

When you’re buying a house or refinancing, you’ll have questions. You don’t want to spend hours waiting for your lender to return a phone call or worse, not return your call at all because the lender thinks you’re becoming bothersome. That can happen when working with bigger lenders. Smaller-sized lenders are more likely to give you the personal attention you need and that you deserve. When you’re looking for a home purchase loan or mortgage refinance, timing is everything. You need to know that when you deliver required documentation it’s going to get looked at and not thrown on top of a heaping pile of other applicants’ paperwork. A fully-staffed smaller-sized mortgage company isn’t likely to do this.

You’ll find that the lender with whom you’re working is just as anxious to process your mortgage-related paperwork as you are to forward it. The staff working with smaller lenders usually makes it a point to get to know you better before suggesting a mortgage product. That’s important because doing so enables you to purchase the most house you can afford and obtain a mortgage that fits within your budget now and in your future. Bigger lenders are more likely to push the mortgage products that make the most profit for the lender.

Real Estate Marketing - 12 Ways To Build Your Brand And Your Business
Author: Charles Warnock

Do you believe in the 80/20 rule? Applied to real estate, this principle suggests that in most communities, the top 20 percent of real estate professionals get 80 percent of transaction sides. This means 80 percent of agents struggle for the 20 percent of business that´s left over after the top performers have taken their share.

Numbers aside, most real estate pros would agree that every community seems to have a few top performers who capture the lion´s share of business. How do you join the elite 20 percent? In working with thousands of real estate professionals nationwide who use eNeighborhoods, we have seen some traits that top performers seem to share. Top-performing real estate professionals:

Most agents ask "How did you hear about me?" A good question, but also ask what people have heard about you. It´s your reputation and livelihood, and this feedback can provide insights to help you improve your services.

Have a new designation? Congratulations! - Be sure to update your eNeighborhoods profile so that any Neighborhood Report, BuyerTour or CMA report that you present has your most current achievements.

Provide buyer and seller checklists. A comprehensive list with key dates and the steps buyers and sellers must follow to comply with their contracts can provide a stress-free real estate transaction, and save the frustration of missed deadlines. Mark off requirements when completed, and update your clients regularly by phone or e-mail, as they prefer.

Thinking about offering a referral to an out-of-town broker or agent? You can find out if their license is active at this website: http://www.arello.com.

Set a positive tone in client conversations. Ask "Which of these properties do you prefer?" rather than "Do any of these properties interest you?" The first question encourages consumers to choose among options; the second question presents an easy way to reject presented options.

Consider a brief email survey for clients when transactions are completed. Not only will you receive valuable feedback to improve your performance, you can turn good reviews into testimonials to use in your presentations and Reports. Be sure to get written permission from clients before using their testimonials.

Make the most of business cycles. Every agent has periods of greater and lesser activity. Speak with other agents in your office and ask if you can handle some of their excess business when they are busy in return for your providing referrals when you´re too busy to give prospects the full attention they deserve.

Create a "brag book" with letters from satisfied clients, photos of buyers at their new homes and copies of designations and certificates. Again, get written permission to use letters and photos from clients.

Include testimonials from peers, not just clients, in your marketing materials. If another agent or broker says "You´re the best - I could not have done the deal without you" ask them to put it in writing.

Build a better business card. Invest in a card that stands out, such as folded card with two surfaces. Use one section for contact information and the other for a call-to-action such as an offer to provide complimentary Neighborhoods Reports or CMAs on request.

When the market slows and your competitors cut back advertising, you should maintain or increase promotional activity. Why? Because you´ll have less competition from agents who reduce their visibility, and a reputation for success, even in slowing market conditions.

After closing, make a point of calling or sending a note to thank mortgage officers, closing agents, loan processors, office assistants and others. Good work should be recognized, and the goodwill you create will be helpful to you in future transactions.

Charles Warnock is a Marketing Director at eNeighborhoods in Boca Raton, Florida. eNeighborhoods provides powerful marketing tools for real estate professionals, including Neighborhood Reports, CMAs, Buyer Tours, NewsLetters, Maps / Aerials, and the InstaLead Marketing System.

To learn more, visit http://www.eneighborhoods.com/2007success for a free copy of the 2007 Real Estate Marketing Success eBook.