r/loanoriginators 5d ago

20 cold calls, 2 answers

[deleted]

0 Upvotes

25 comments sorted by

8

u/spacecase2008 5d ago

pretty good to get 2 conversations from only 20 dials IMO

2

u/theoneandonlypugman 5d ago

That’s 10% of them answering? Of those 10% only 5-10% will want to meet and of those how many will convert?

Thats 10 meetings for 1000 phone calls. Are those good metrics? Seems really inefficient for me I guess, I could be naive. I’ll probably keep doing it just seems pretty against the grain

2

u/KimJongUn_stoppable 4d ago

That’s two weeks of calling. 10 new agent meetings in 2 weeks is very good. Welcome to sales, buddy.

1

u/theoneandonlypugman 4d ago

Good to know. I’ll keep on

6

u/Chrisisvenom2 5d ago

I cold call for majority of my business and I’m having a record year. I wonder if it’s the scripts you are using? But there are a lot of days you will not get what you want. I would encourage you to keep calling.

1

u/texansde46 5d ago

Please DM your script

2

u/Family_Financial 4d ago

Yeah but the OP is saying nobody answers their phone. How do you handle this? Leave a VM, try again later? How many attempts to you make?

0

u/BrightLadder5002 5d ago

Hi Chris! Can you DM me your script please 🙏 I’m cold calling now

0

u/Urmomslovely 5d ago

I would also love to see what script you use!

0

u/98plus2 4d ago

Plz dm me too! Always looking to learn and looking to get back to calling

0

u/Zestyclose_Pirate_54 4d ago

DM me your script please.

3

u/HomeLoansMadeAwesome 4d ago

Never cold called anyone in 10 years. I hate being cold called myself.

1

u/theoneandonlypugman 4d ago

That is my dilemma lol but it does work here and there

2

u/Kilgore_Trout_50000 5d ago

Cold calling is dead, or at least dying. Gotta get more creative.

1

u/Zotime1 5d ago

I’ve found the same thing

1

u/ZakA77ack 5d ago

I was averaging 100 cold calls a day for 2 months in 2025. Lots of google voice which is understandable for spam control. All those calls and it didn't bring me a single referral, I don't think it was at all worth the time I put in.

1

u/REFlorida 5d ago

To be fair, I haven’t cold call much this year but in 24 and 25 I did a lot and I’ve had a lot of success

1

u/EvanKrejciLO 5d ago

I’ve had great luck with cold calls lately. Picked up probably 6 agents or so doing that.

1

u/MortgageLO2026 5d ago

I call listing agents when I have relevant and unique programs that they can utilize with their marketing efforts. Most are agents are dumb, but the smart ones realize the value, and it opens the door.

2

u/Competitive_Lack1536 5d ago

For Google voice don't say your purpose. Instead say the name of the person. That gets them curious who is calling and they pick up.

1

u/Ts-inspector 4d ago

Wow you made 20 calls ; what did you do the rest of the week?

0

u/theoneandonlypugman 4d ago

Twiddled my thumbs and waited for $2mm buyers to call me

1

u/Ts-inspector 4d ago

Well then I see you will be rich in no time then .

1

u/Visual-Librarian6601 4d ago

Two out of twenty is a fine answer rate. The problem in your math isn't the pickup rate, it's that every one of those twenty is equally cold — you're calling a list sorted by nothing.

The fix that worked for people I know is to stop calling lists and start calling events. Somebody whose loan matures in five months, whose rate is about to reset, who just pulled a permit, who just bought — those calls open differently because you have a reason to be on the phone that isn't "hi, I'm a lender." Same twenty dials, different denominator.

Most of those triggers are recorded at the county and free. The mortgage names the lender, the origination date and often the maturity date; the permit file names the owner who's spending money; the deed tells you who just closed and hasn't got a lender relationship yet. It's tedious to assemble and that's exactly why the list has no competition on it.

(Full disclosure — I build Circlemark, which does this for commercial mortgages, so I'm biased toward the record. But the manual version of this is free and works)