Abstract
This article discusses using digital media by banks to promote the sale of mortgage loans. It highlights the importance of the conversion rate, which compares the number of customers who purchased a mortgage loan to the number of potential customers who submitted their applications. The article proposes a continuous improvement model to increase the conversion rate by addressing capacity issues and redesigning the lead nurturing process. It also emphasizes the importance of employee development, lead management, and process standardization. The model is based on the PDCA cycle and incorporates various tools and techniques. The approach was implemented by hiring new sales filters, training, and acquiring the necessary resources. This resulted in an 8\% conversion rate increase and improved lead nurturing efficiency. The model fits the current market needs and can be applied to any organization with high lead demand.
| Original language | American English |
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| Title of host publication | 2023 9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 - Proceedings |
| Editors | Jenny Paola Hernandez Triana |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9798350369465 |
| DOIs | |
| State | Indexed - 2023 |
| Event | 9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 - Bogota, Colombia Duration: 4 Oct 2023 → 6 Oct 2023 |
Publication series
| Name | 2023 9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 - Proceedings |
|---|
Conference
| Conference | 9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 |
|---|---|
| Country/Territory | Colombia |
| City | Bogota |
| Period | 4/10/23 → 6/10/23 |
Bibliographical note
Publisher Copyright:© 2023 IEEE.
Keywords
- Continuous improvement
- PDCA
- capacity
- conversion rate
- financial entity
- pre-sale
- process redesign