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EPIC Customer Experiences with Alex Mead

Experience by Design

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How to Measure Your Mortgage Value

There were about 3000 people involved in the mortgage sales framework branches, contact centers, back office. And every one of them was measured and rewarded on mortgage value when the mortgage completed. So if you sell a mortgage with all the associated stores, that's worth 1.5 million pounds. But I proved only 8% of our mortgage applications were above the amount people thought was worth it. The conversion rate for those was 60% because conversion rate, 92% less was 12%. Because they literally, I can't be bothered to sell to you. Just the phone. Let me talk to one of these high value guys. Yeah. It's too huge mortgage value. We had decibel insight.

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