December 2018 - PAK Region - USA Mortgage
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PAK Region – USA Mortgage

The PAK Region and USA Mortgage can help you with all of your mortgage needs.

Mastering Online Lead Conversion – with Ro Malik – EP020

The PAK Region at USA Mortgage has
your home purchase and refinance covered

Mastering Online Lead Conversion – with Ro Malik – EP020

If you don’t contact an online lead within 10 minutes, your opportunity to reach the prospect drops by 50%. By the 30-minute mark, you are looking at a 90% failure rate. We all know that speed-to-contact is the #1 factor in conversion, yet you’d have to be superhuman to respond to every incoming lead within five minutes. And the vast majority of us can’t afford to hire and train an Inside Sales Agent (ISA) to respond to and qualify each prospect. In the meantime, we are throwing away money on Zillow and Facebook leads that we don’t have time to nurture. There has to be a better way, right?

Ro Malik is the cofounder and CEO of Conversion Monster, a team of ISAs who help agents across the country convert online leads and expired listings. Ro also serves as a real estate broker with Keller Williams in Chicago, and he was recognized as a 2017 Top Producer by The Chicago Association of Realtors. He has been in the industry since 2003, and his diverse experience ranges from the lending space to real estate investing.

Today, Ro joins Jeff to explain how solving his own problem around responding to leads led to the creation of Conversion Monster. He describes how the service qualifies and nurtures leads, staying in front of prospects until they are considered hot. Ro offers insight around Conversion Monster’s expired listings program and the cost savings of their platform over hiring in-house ISAs. Listen in to understand how agents can track Conversion Monster’s follow-up efforts in real time and learn how lenders and realtors might partner to leverage the service for their mutual benefit!

Key Takeaways

Ro’s real estate resume

  • Started on lending side in 2003
  • Always around inside sales model
  • Shift to investing and brokerage

The impetus for Conversion Monster

  • Recognize value of speed-to-contact
  • 15-20X number of leads vs. closings
  • Chasing leads not good use of time

Conversion Monster’s approach to leads

  • Call, text and email within five minutes
  • Call 6X, text/email 5X in next 10 days
  • Year-long nurture plan if unresponsive

How Conversion Monster qualifies leads

  • Price point, preapproval and neighborhoods
  • Live transfer to agent once six months out

How Conversion Monster’s ISAs nurture leads

  • Continue to reach out as member of team
  • Maintain agent’s branding

Conversion Monster’s hours of operation

  • 9am-8pm Monday—Friday
  • 9am-6pm Saturday—Sunday
  • Moving to 24-hour system

How agents can track follow-up

  • Internal lead management system
  • View leads in real time, hear recordings

How agents and lenders can partner

  • Different script for mortgage professionals
  • Hand off to realtor partner for showings

The cost of the Conversion Monster service

  • $4-$6/lead, packages start at $700/month
  • 80% less than hiring in-house ISAs

Conversion Monster’s expired listings program

  • Cold call prospects for agents
  • Provide warm leads to build listing side

Connect with Ro

Conversion Monster

Email ro@conversion-monster.com

Conversion Monster on Facebook

Ro on LinkedIn

Call (312) 208-1184

Resources

MIT Study on Response Time

Vulcan7

Landvoice

Espresso Agent

Mojo Dialer

Connect with Jeff

Pfitzer Mortgage Team

PAK Region on Facebook

Jeff on LinkedIn

Jeff on Twitter

Please call us at 636.741.5362 or Contact Us
with any questions or to start your loan process today!

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Customer Reviews

  •      Reviewed by Mustafa S. for John Amini

    I highly recommend, John Kaba amini as mortage banker for many reasons which includes his knowledge, patience, timeliness, honesty and attention to the needs of his client. John is very engage in the process which gives you the confidence to feel as is he is a member of your family; He has your best interest in mind. John has been a Realtor for me and friends for many years. John always took the time to explain. And we really appreciated that. It made us feel

  •      Reviewed by Jenny M. for Tina Ripple

    Tina is very skilled and professional in her career. Her personality and people skills are very heart felt. Tina made sure everything was in order before and during my closing process. Tina is accurate, consistent and efficient, which is some of the many reasons you will love working with her. Tina is definitely going to make sure your process go through smoothly with no stress. Tina is number 1. Awesome Awsome Awesome I was truly blessed to have Tina on my team. Thank you Tina!!

  •      Reviewed by Margaret K. for Christina Anthony

    Christina Anthony is great at her job! She made me feel like I was her priority. She answered all my questions clearly & prompt. She also had a way of putting me at ease when I was stressed. I will be recommending her services to all of my friends & family:)

  •      Reviewed by Mandy N. for Michelle Lambrich

    As a first time home buyer, I had many questions throughout the loan process. Not only did Michelle answer all of my questions, she also went above and beyond to ensure I understood and felt secure in my decisions. I will, happily, be recommending Michelle to everyone I know!

  •      Reviewed by Charles W. for Ralph Harr

    Ralph is awesome to work with. He is prompt in returning messages and either had the answers to my questions or found them quickly. He is courteous, honest, direct and I trust his opinion. This is my third mortgage with Ralph and I plan on more. Honestly, there is no one else I would work with on a mortgage now!

DAS Acquisition Company, LLC dba USA Mortgage NMLS: 227262. Not a commitment to lend. Additional terms and conditions apply.

Interest rates and products are subject to change without notice and may or may not be available at the time of commitment or lock-in. DAS Acquisition Company, LLC is not affiliated with or endorsed by any government entity or agency, including USDA, HUD or VA. AZ License Number: 942577.

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Licensed under the Oregon Consumer Finance Act, OR License #ML-5723. OH #RM.850291.000.

Headquarters:
12140 Woodcrest Executive Drive, Suite 150, St. Louis, Missouri 63141, Toll Free: (888) 250-6522. For licensing information, go to: www.nmlsconsumeraccess.org.

Licensed lending areas:
Alabama, Arizona, California, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Maryland, Missouri, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin.