Continuous Improvement Model for the Increase in the Conversion Rate of Digital Sales Opportunities of Mortgage Lo

Juan Carlos Quiroz-Flores, Martin Fidel Collao-Diaz, Ahad Ali

Producción científica: Libro o Capítulo del libro Contribución a la conferenciarevisión exhaustiva

Resumen

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.

Idioma originalInglés estadounidense
Título de la publicación alojada2023 9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 - Proceedings
EditoresJenny Paola Hernandez Triana
EditorialInstitute of Electrical and Electronics Engineers Inc.
ISBN (versión digital)9798350369465
DOI
EstadoIndizado - 2023
Evento9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 - Bogota, Colombia
Duración: 4 oct. 20236 oct. 2023

Serie de la publicación

Nombre2023 9th International Conference on Innovation and Trends in Engineering, CONIITI 2023 - Proceedings

Conferencia

Conferencia9th International Conference on Innovation and Trends in Engineering, CONIITI 2023
País/TerritorioColombia
CiudadBogota
Período4/10/236/10/23

Nota bibliográfica

Publisher Copyright:
© 2023 IEEE.

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