Adding Value Beyond the Mortgage Application
Resource Financial Services (RFS) is a local independently owned mortgage banker with a team of full-service mortgage bankers serving the Southeast of the United States of America from eight locations. RFS was named #227 on the 2012 Inc. magazine list of 500 fastest-growing privately held mortgage companies in the nation.
Objective
Resource Financial Services is leveraging NestReady’s digital real estate expertise to help them:
Adapt to the ever-growing demand from homebuyers for convenient digital services and one-stop-shop solutions.
Grow their overall online presence and strengthen their branding by positioning themselves as an innovative mortgage lender.
Promote their new VA Home Loan and generate more online leads in a cost-effective way.
Challenge
- Resource Financial Services is an independent mortgage banker with a traditional business model supported by mortgage bankers and their relationships with local real estate agents.
- RFS’ online presence has been historically limited with https://www.resourcefinancialservices.com/ having an Ahrefs rank* around 10 million. AHREFS Rank: refers to the ranking of all websites by the size and quality of their backlink profiles.
- The COVID-19 pandemic has forced the RFS' sales teams to work from home, which limits their ability to collaborate with local partners and clients, increasing their need to transition their services online.
- Resource Financial Services did not appear on any search engine results for VA Home Loan queries.
- Resource Financial Services was utilizing Google Adwords to boost web traffic and online visibility. With an average cost per click of $25 to $50 for "VA Home Loan" keyword combinations, the strategy has proven to be costly and only effective in the short term.
- Resource Financial Services did not have the internal resources nor the digital marketing expertise to develop a solid backlink acquisition strategy which is one of the most effective SEO (Search Engine Optimization) strategies available today: A website can have a variety of appealing and informative content. However, if the overall website authority is low, the ranking of the content pieces will also be, and users will not be able to find the content. With low website authority, RFS' website was hard to find by homebuyers through organic searches.
Solutions
To solve Resource Financial Services’ main challenges, NestReady’s Digital Marketing Team based its solutions on the following items:
“Our partnership with NestReady stemmed from our need to enhance our digital user experience, and we are now able to provide a single platform that streamlines all the difficult parts of the homebuying process. We are excited about the partnership and believe the technology and concept behind what NestReady is offering will change the home purchasing process for the better.”
A. Wade Douroux - CEO, Resource Financial Services
How We Did It & Results
- The NestReady Digital Marketing Team collected guest blog posts across multiple domains that contain backlinks, which point back to Resource Financial Services' website.
- Implemented custom anchor text (the clickable text that is in a link) that includes ‘VA Home Loan’ keywords within the guest blog articles.
- Enabled Google's ranking algorithm factor in the backlinks pointing to Resource Financial Services' website and allows RFS to rank for new keywords, which increases the amount of organic (free) traffic going towards their website.
- Published informative blog posts and home listing articles for RFS, targeting hyper-local keywords to increase RFS' overall organic reach and online presence.
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100% improvement in Ahrefs Rank
RFS’ Ahrefs Rank improved from 10 million to 4.5 million; this increase is equivalent to outperforming 5.5 million websites after working with the NestReady Team for only two months.
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#1 Position for ‘Mortgage Financial Services’
The NestReady Team helps RFS maintain the #1 position on Google for local search results in South Carolina for the keyword combination ‘Mortgage Financial Services’. Over 357 million pages are trying to rank for this keyword combination.
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Increased ranking by over 100 positions for ‘VA Home Loan’
RFS was not ranking on any search engines for ‘VA Home Loan’ in February. After starting to work with NestReady, RFS started to appear in search results on Google for this keyword combination and began ranking on page two and three on Yahoo and Bing. RFS is now outcompeting over 50 million pages that are also trying to rank for this keyword combination.
Conclusion
Utilizing an SEO strategy, such as backlink acquisition, to obtain the objectives indicated in this case study, is a more effective and sustainable method in comparison to SEM. As an example, to appear on the first page on Google for five niche industry keywords using a backlink acquisition strategy (SEO), RFS would have to invest $5000 in the first month to see results in the second month. This ranking will last for many months afterward. If RFS were to try and produce the same results with Adwords, it would cost $6000 in the first month, and in three months, the total cost would be anywhere between $14k and $18k.
Many companies, like RFS, buy Adwords because SEO is considered to be complicated and often requires more resources and time. However, it doesn't have to be. With NestReady, lenders can gain insights from industry experts and utilize top digital real estate strategies to obtain a higher digital presence using SEO techniques that are cheaper and more efficient than traditional SEM strategies.
About NestReady
NestReady bridges the gaps between consumers, banks, and real estate professionals, enabling financial institutions to offer a personalized and seamless Total Homeownership Experience. With NestReady, lenders can enhance their marketing, increase engagement and client loyalty, and achieve higher and faster conversions.
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