Mortgage Lenders Kick-Ass w/ Video!
By Benson Fischer
Do You Want To Increase Your Mortgage Lending Client Base?
Mortgage firms utilizing video marketing combined with social media will increase a firm’s revenues on average by 49% year over year over firms that do not utilize video marketing. One minute of video is worth 1.8 million words in terms of customer impact. no other medium can reach people faster, more effectively or more economically than ZivZo videos!
Research has revealed, at a minimum, that your mortgage lending firm should have a 2–3-minute introductory video on your firms’ website’s home page above the fold because it will increase the firm’s conversation rate by 80%. In addition, individual introduction-bio-type videos of each of the firm’s mortgage lenders should be placed on their bio pages because they are 88% more effective than a headshot from 10 years ago with text. In today’s world, potential clients want to see and hear you before they engage.
Video combined with social media marketing is the 2 key elements of a successful marketing strategy. Video now makes up over 80% of all social media and viewers retain 95% of a message when they watch it in a video compared to 10% when reading the very same information. Bottom Line: video delivers substantial results for mortgage lenders operating in small and large firms.
There are many good reasons to create an introduction video on your firm’s home page. You want your introduction video to be part of your firm’s revenue-generating process that will help you engage potential clients and turn them into actual clients. There needs to be a video on your home page (above the fold) that will increase the time that people spend on the page and help engage your first-time visitors. There is an 80% increase in conversion rate when a video is added to a landing page. Also, having a video on a landing page makes it 53% more likely to show up on page one on Google or other search engines. Keep in mind that upwards of 70% of executives, decision-makers and consumers would rather watch a video than reading text and nearly 70% of consumers say they have been convinced to use a service by watching a video.
Explaining Your Services & Products
What better way to explain any type of subject than through video? Think about this; you are a loan officer and you know the information you need to present inside and out. However, how many times have you made a presentation and afterward thought to yourself, I should have said this or that and I could have answered some of the questions better? With a video presentation, that won’t happen because video allows you to craft every single word and edit it as many times as you want before and after the video is recorded.
Video provides the presenter the ability to deliver the same impactful presentation that answers every possible question that could ever ask. Best of all, video never sleeps or has bad days, and can be seen by an unlimited amount of potential new clients 24/7/365 without missing a beat! Video allows the viewer to watch the video at their leisure and video also builds an emotional and intellectual relationship with the viewer. Believe it or not, people retain 90% of the information watching a video against retaining only 10% of the same information when reading text.
Individual Introduction-Bio Videos Of Each Of The Firms’ Mortgage Lenders Are Extremely Effective!
These short 60-second bio videos should be placed on each mortgage lender’s bio page on the firm’s website and utilized for advertising and marketing on business platforms and social media to drive new business to your firm. These short bio videos are very effective when combined with the firm’s introduction video on social media. Imagine the impact of the firms’ introduction video combined with all the mortgage lender’s bio videos (with the firm’s branding) floating all over social media with a link to funnel viewers back to the firm’s website. Your staff of mortgage lenders along with the firm’s website videos will be seen by thousands of potential clients daily at little or no cost!
A large mortgage firm placed a well-crafted 2-minute introduction to the firm video on the firm’s home page and had short 60-second individual financial planners’ bio videos produced with each of the firm’s 105 mortgage lender’s outlining their background and specialty with a call to action. All the bio videos utilized the firm’s branding, and the videos were placed on each mortgage lender’s bio page on the firm’s website. The videos were also uploaded together with the firm’s website videos to several business platforms and placed on each mortgage lender’s social media page. The result of the video marketing program produced a 26% increase in revenue for the first full year the video marketing was implemented and there was a 33% increase the following year.
Key Points To The Firm’s 2-3 Minute Introductory Video
Why are people visiting your firm’s website? Depending on what your firm specializes in, it is either to avoid some sort of pain or loss or to gain pleasure, or find some sort of financial service that solves a problem.
Most mortgage firms exist to solve some sort of a problem: Your firms’ video should start by identifying the problem the potential clients may have as it relates to your firms’ services, the solution to the problem. For example: Are you thinking about purchasing a new home? Or, Are you thinking about refinancing your home??
Now that you have identified the problem, you must provide the solution. Your solution is not your firm, your solution is the way you solve the client’s problem. The more unique your solution the better.
Add a testimonial or success story to add credibility: Having someone else say how great your firm is, has much more impact on a viewer than if you said it. If a client says it, it sounds natural and more important, believable.
The final step and most important, a call to action: You need to tell the clients what to do next, they may not do it at that very moment, however, you have educated them to know what they need to do when they are ready.
Focus on the needs of your clients and know that people do not care about your firm: What clients care about is solving their problems. It is also important to make sure the video features real people. You also need to humanize your firm because people want to do business with real people. Most mortgage lending firms create videos and websites that are faceless. This neglects the opportunity to obtain new clients entirely. It is important to provide clients with several mortgage lenders to connect with, whether it is your Managing Partner or a top lender in the firm, featuring real mortgage lenders in your video is especially important.
The Impact of Video & Social Media on a Mortgage Landing Firm
Videos combined with Social Media improve your online reputation: Having branded social media introduction video along with the firm’s mortgage lender’s bio video with engaging content can make your firm appear more reputable in the eyes of potential clients. To optimize your social profiles, make sure they have information about your firm and main practice areas, and individual mortgage lenders share positive past client testimonials to provide social proof.
Videos combined with Social Media can establish your firm as a leader: Sharing your expertise on social media doesn’t just establish you as a thought leader — it can also help you attract followers who are interested in hearing your views.
Videos combined with Social Media helps you connect with your community: How does your firm show up for your community? Whether you give a yearly donation to a nonprofit, participate in a monthly service day for a local cause or sponsor the town’s little league, use social media to share how your practice cares about your community. Staying active on social media also lets you follow prominent leaders and businesses in your community. By engaging with other people’s posts through comments, likes and conversations, you can help boost your firm’s awareness by building social relationships.
Videos combined with Social Media make your firm feel human: Oftentimes, people who need a mortgage lender that are in vulnerable circumstances and want someone by their side who can empathize with what they’re going through. Giving your social followers an inside look at your firm utilizing video is a great way to show the human side of your practice. Mortgage lenders’ highlights, client testimonials, and community-focused social posts will build a positive first impression for potential clients and show the personality behind your firm.
Hire A Qualified Video Production Company
Anyone with an iPhone can make a video for next to nothing. However, that is not what you are paying for. You are paying for results and a return on your investment! A qualified video production company knows how to write an engaging and compelling script that will deliver a return on investment and fantastic results. Finding a video production company that provides the ability to write a great script, obtain experienced talent, shoot, edit, add a soundtrack, and add all the bells and whistles to your video is well worth the money. Don’t cut corners, engage a video production company that has the experience, references, and a track record of success, like ZivZo (ZivZo.com)
Don’t cut corners, engage ZivZo (ZivZo.com) a full-service video production company that has the experience, references, and a track record of success.
Don’t cut corners, engage a video production company that has the experience, references, and a track record of success, like ZivZo (ZivZo.com)
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*Statistic Data Published: Jan 24, 2021, by Matt Mansfield In Marketing Tips 70 Published May 10, 2021 – Staggering Video Marketing Statistics for 2021