First Customer Intelligence (FCI) boosts borrower experience and improves sales conversion for top 10 lender

Within three months FCI analyzed 3.3 million calls across sales, operations and servicing. The results helped the client increase sales conversion, reduce repeat callers and identify and improve call avoidance behaviors.

The Client

A top 10 mortgage lender with operations in all 50 states, originating conventional, FHA and VA loans.

6%

increase in transfers to refinance

$124,000

savings annually

Business Challenge

Today’s borrowers demand a seamless and customized borrower experience on a channel of their choice and at a time of their convenience. Delivering such tailored borrower experiences requires lenders to gather deep customer insights. The client, however, lacked the capability to analyze large volumes of unstructured call recording data to gather real-time views of agent performance and customer sentiment. Data gathered from traditional customer surveys and operational metrics combined with limited call monitoring capabilities restricted the client’s ability to effectively measure customer experience.

The client wanted to implement an intelligent customer analytics solution to understand customer sentiment and emotions across the entire customer journey to improve customer experience and satisfaction.

Solution

Sourcepoint collaborated with the client to deploy First Customer Intelligence (FCI), a proprietary speech and voice analytics solution, to expand its view beyond traditional customer surveys and performance metrics. The solution helps gather multi-dimensional insights across four major pillars: quality and risk, agent performance, business intelligence and customer experience.

  • Quality and risk : Automates compliance and monitors 100% of the calls provided by the client across 1,000 agents – a mix of Customer Service Agents, Loan Officers, Processors, Schedulers and Closers – currently deployed on the account. It ensures targeted call monitoring enabling the client’s Quality Team to focus on outliers and increase monitoring of low performers, and generates daily reports to improve agent performance through coaching.
  • Agent performance : Measures customer experience across all calls (inbound/outbound) to identify best practices, reduce agent call avoidance, enable daily performance measurement, and ensure behavioral governance.
  • Business intelligence : Analyzes customer conversations to understand conversation topics and optimize processes and contact channels, enabling deflection of calls to lower cost channels.
  • Customer experience : Measures interactions with customers by helping the client understand contact reasons, customer emotions and key dissatisfaction triggers – why customers are calling and what they are feeling. It also enables end-to-end customer journey mapping and NPS prediction to identify potential super detractors. Using these insights, the client is now able to ensure that it agents are targeting the right customers with the right messages for improved customer experience.

 

First Customer Intelligence (FCI) boosts borrower experience and improves sales conversion for top 10 lender

Business Impact

  • Pilot phase : Analyzed 30,000 calls across the client’s servicing line of business to provide in-depth visibility into contact drivers, measures of customer experience, and contact triggers.
  • Ongoing engagement : The Sourcepoint team currently publishes 18 different daily/weekly reports – including daily/weekly leadership reports, red alerts, quality and agent performance reports – to provide a 360-degree view of the client’s contact center operations.

Within three months of deployment, FCI analyzed 3.3 million calls across sales, operations and servicing. The results of the analysis helped the client increase sales conversion, reduce the number of repeat callers and identify and improve call avoidance behaviors such as agents continuing to stay on voicemail calls even when not required.

This form will put you in touch with our business development team. For all other functions, please click here.
Ready to get in touch and grow your business?
Tell us a little more so we can connect you with the right person
Last step!
Let us know which solutions you're most interested in

 

Let's Talk