Translating Customer Experience Vision From Leadership to Loan Officer

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I often talk to leaders in the mortgage industry about their customer experience vision and hear things like, “We want customers for life,” or “We put customers first.” These vision statements are a great place to start, but the real challenge is in getting that vision to catch fire within the whole organization. Our question this month: How can lenders translate vision around customer experience from leadership to loan originator, and include the entire company in the drive to create a better borrower experience?

Translating Customer Experience Vision from Leadership to Loan Officer

Jack Welch, former chairman and CEO of GE, once said: “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” It’s that last part that seems to trip people up, and not for lack of desire or effort.

When I sat down at the 2019 MBA Annual Conference with a handful of CEOs, each was able to articulate their unique expression of a customer experience vision. And, each was passionate about it. They just weren’t sure how effective their efforts were in spreading that vision across their entire organizations.

In a recent survey noted in the Harvard Business Review, only 28 percent of respondents reported feeling fully connected to their company’s vision. Vision answers the question, “Why are we doing this?” It is essential for leadership and loan officers to have alignment on the answer to this question in order to create a positive and pervasive culture around borrower satisfaction.

Consider the statement, “We want customers for life.” It certainly answers the question for leadership, but may not resonate with loan officers who are more concerned with getting their next deal than the long-play of a customer who might move or refinance in five to seven years. A better way to align the vision for leadership and loan officers alike might be to say, “We want to delight our customers so much that they can’t help telling everyone they know.”

The Diagnosis

Experts agree that changing culture requires a shared vision as a starting point. Staff will work harder and leadership will make better decisions when everyone buys into a shared vision. Fostering that kind of buy-in across the company means creating awareness and establishing accountability across the organization.


How would you rate company-wide awareness of your Customer Satisfaction and Net Promoter Score (NPS)? This includes everyone from executive leadership to branch managers, to loan officers, processors, underwriters and closers.

One of our MortgageSAT lenders had a loan officer who had no idea that her borrowers were unhappy about being asked for the same documents multiple times because they always seemed happy when she spoke to them. Survey results revealed that the problem had occurred in 28 of her last 45 loans, and it was costing her 52 NPS points, which meant a lot of lost referrals.

© MortgageSAT Borrower Satisfaction Program, 2019.

Multiply this type of situation across your loan officer base and the detrimental impact of “lack of awareness” looms large.

If you want loan officers to buy into your vision, they first need to know where the company is, and how they fit into and influence the current state, before they can get on board with where you want to go. In other words, metrics like NPS and The Seven Commandments should be visible to all employees, including loan officers, processors, underwriters and closers. I’ve seen whole companies band together to right the ship in these areas, with everyone committing to improvements, but it could not have happened without everyone first understanding the present state of affairs.

Accountability gives managers and loan officers and immediate answer to the question, “Why should I care about borrower feedback?” Whether you tie these metrics to compensation or not, holding leadership and loan officers accountable to satisfaction KPIs will encourage good communication and good habits.

With MortgageSAT, manager reports allow branch leaders to see their own performance versus their company, the National Benchmark, and Best-in-Class:

© MortgageSAT Borrower Satisfaction Program, 2019.

Having visibility of performance versus peers, both internal and external, helps leadership identify key areas of potential growth and set realistic goals for improvement. According to Kevin Crichton, President of E Mortgage Management, changing the big picture starts with accountability on the small things: “It’s true that the little changes and adjustments we find in MortgageSAT really do add up. Over the past year, just by finding coachable moments fr our team, we were able to climb above the National Average in Overall Satisfaction, NPS, Loan Officer, and Application Process scores.”

The Prescription

Here are three ways to drive your customer experience vision to completion:

  1. Craft a Customer Experience Vision Statement. Do you have a written customer experience vision statement and is it communicated across the organization? One of our clients requires every employee to include the company customer experience vision statement in their email signature. Talk about visibility! Not only does it reinforce company values with existing employees, but it can be especially effective in setting cultural expectations with new and potential hires.
  2.  Redefine Your KPIs. It’s easy to track Overall Satisfaction and NPS, but it is hard to move the needle on them unless you’re measuring and monitoring the other critical factors of the loan process that inform these two scores. A program like MortgageSAT will ensure you’re looking at the right data and pulling the right levers to create change.
  3. Offer Trophies, Bonuses and Other Incentives. While some of our clients tie KPIs like NPS and Satisfaction to compensation, other clients have found that the same effects can be accomplished with positive reinforcement. A traveling trophy, for instance, can be a powerful motivation tool. Give your top performing branch a trophy next quarter and watch how possessive they get when it’s time to give the trophy up to a rival branch!

Learn more about MortgageSAT and how it can impact your company.

Find out more about STRATMOR’s survey solution called MortgageSAT, and how transparency into the loan process can help your company. Contact MortgageSAT Director Mike Seminari at

To see how improving your NPS score translates into real revenue dollars, schedule a demo today on the MortgageSAT webpage.

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