Data isn’t a part of your business. It’s your entire business. Without it, every decision becomes a guess, every action a hunch. And for data to function properly, it needs a framework, a set of instructions and boundaries. It needs a guidance system.
With the most reliable and dependable mortgage and real estate transaction data in the industry, Mobility Market Intelligence (MMI) delivers that system to mortgage pros of every shape and size.
REAL ESTATE AGENT DETAILS
Max LaFleur, Brightway Realty
(850) 773-0042 | mlfleur@bwr.com
Current Actives: 4
Pipeline Vol: $4,769,700
Sold Count: 61
Sold Vol: $25,629,910 | YTD: $10,606,900
LOAN OFFICER DETAILS
Portia Coogan, Sunrise Credit Union
(311) 500-1783 | portia@sr-cu.com
Loan Volume 7 mo: $8,045,950
Loan Volume 14 mo: $63,789,150
Purch: $14,224,850
Refi $22,070,550
YTD Vol: $4,854,350 (53 Transactions)
Transactions 14 months: 153
LENDER DETAILS
Excalibur One Mortgage
National Rank: 178
Loan Volume 14 mo: $1,237,190,175
Transactions 14 mo: 4,286
Top County: Norfolk, MA
No. of LOs: 35
Purchase: 2,105 | 49%
Refi: 1,994 | 47%
REAL ESTATE OFFICE DETAILS
Silver Dollar Collection Realty
Agent Count: 1,630
Active Count: 1,065
Active Vol: $736,886,779
Sold Vol 12 mo: $2,331,652,998
Sold Transactions 12 mo: 4,262
List-side sold: 2,135
Buy-side sold: 1,784
Double-sided sold: 343
MMI has successfully assembled the most comprehensive real estate and mortgage transaction database in the industry. But it wasn’t easy.
Since 2018, we have undertaken the laborious and unshortcutable process of identifying, consuming and cleaning transaction data from thousands of public record sources. While it’s a messy and fragmented world with each public source playing by their own set of data rules, there literally is no substitute.
It’s hard work, but we’ve done it just for you. No need to thank us.
Mortgage transaction data is tracked on the county level. This represents a unique challenge as every county reports and records differently. Regardless, we are constantly adding counties and improving data quality.
MMI is set up to quickly, safely and consistently process and deliver upwards of 200,000 new records a week into our database.
With incoming data of such diverse and varying quality, it needs to be matched, cleaned and standardized. We have created a proprietary database of over 220 mortgage data point variants which we use to clean and standardize incoming data. This is then applied to transaction records which allows for consistent reporting and querying.
Like a fine wine, our database just gets better with age. Since 2018, we have accumulated tables of nationwide transaction data represented by over 1.3 terabytes of transaction data with over 106 million rows of data entries. (And counting.)
The problem is most mortgage professionals simply don’t have access to this data. Even worse, they don’t even know it exists.
An LO has coffee with an agent partner without understanding what percentage of deals they’re getting from them.
A recruiter sets up an interview with an LO candidate without reviewing their recent transaction history.
Mortgage leaders make strategic decisions in a region without reliable insight into the precise production of their competitors.
Yeah, we think so, too.
In an always competitive real estate market, consistent and dependable real estate agent partnerships are invaluable. But forging new relationships or growing existing ones can be difficult for LOs. First, it can be hard to identify who the right partners are to reach out to. And second, once identified, how do they differentiate themselves from every other LO in their market?
Staying in touch with borrowers in a relevant and timely way drives repeat business. To earn an ongoing relationship with a borrower, an LO has to either: bring something of value to the table; or, reach out at a well-timed, relevant moment. Otherwise, it’s just noise.
Identifying the right LOs to add to your team is critical to growing a successful mortgage business. As helpful as LinkedIn can be, it isn’t going to show you an LO’s production numbers and certainly won’t let you search and filter LOs by VA or FHA volume. Self-reported numbers should be a reference point here, not your North Star.
Executive leaders need reliable data to make informed and confident business decisions. Unfortunately, they do not always have access to accurate lender and real estate office data that tells them where and how much production is being done. For banks and credit unions, the issue is compounded by fair lending requirements.
The right referral partnerships are undoubtedly cornerstone for any LO’s business, but it is all too common for LOs to struggle to build and cultivate these relationships.
Read the Referral Partners Guidebook for tried and true strategies LOs can use to construct and maintain referral partnerships.
Request a demo to see why the the majority of Top 25 Lenders in the U.S. trust MMI’s data.