{"id":9933,"date":"2009-10-03T11:15:03","date_gmt":"2009-10-03T18:15:03","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=9933"},"modified":"2009-10-03T12:23:51","modified_gmt":"2009-10-03T19:23:51","slug":"the-self-correcting-loop-another-loop-brought-to-you-by-genuinechris","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9933\/the-self-correcting-loop-another-loop-brought-to-you-by-genuinechris\/","title":{"rendered":"The Self Correcting Loop: Another Loop Brought To You By GenuineChris"},"content":{"rendered":"

When I was a mortgage guy, when I doubled my volume and income in 2007, I did it because I created systems and loops.<\/p>\n

Systems: do the same thing every time.<\/p>\n

Loops: have an end point that, on every job, fixes the system.<\/p>\n

At the end of every transaction, no matter how routine, I would write down the points of friction, error and mistake. I’d write down EVERYTHING, try to get the # of phone calls down, focusing on delays and customer impacting changes.<\/p>\n

I learned to have “Accurate Hud-1, Day 1” as a standard that I forced title companies to adhere to.
\nI sent DAILY updates to every party to the transaction: buyer, seller, listing agent, selling agent, title company. I stopped doing business with buyers that didn’t like this. That practice preserved good will on one transaction that had been put in a flood zone that requires flood insurance, to the benefit of all parties.
\nThis was stuff that I learned because of operational flexibility. I had a survey for my customers, and myself. The one for myself I was more concerned with. “How many touches\/phonecalls\/passes…did this need,” and most importantly, “what can I do better next time.”<\/p>\n

I Ignored My Own Advice When I Learned a New Business.<\/strong><\/p>\n

What Can I do better? That question, on every deal, no matter how routine, makes us better practitioners. When I went into the Web marketing thing, I avoided it for a while as I learned the topography and what I was good at. I was too focused on making ends meet. The teeth of the hydra–the nonsense that is the IRS–was upon me, so I was focused on right now selling.
\nWhen you’re burdened by time debt, you don’t have the operational flexibility to be proactive. When scarcity creeps in, you can’t be as proactive as you want. You feel scared. And your flailing and not doing the work that makes the most difference.
\nI had a mediocre business, that is now enjoying rapid improvement by having a self correcting loop.<\/p>\n

What Is A Self Correcting Read more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

When I was a mortgage guy, when I doubled my volume and income in 2007, I did it because I created systems and loops. Systems: do the same thing every time. Loops: have an end point that, on every job, fixes the system. At the end of every transaction, no matter how routine, I would […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,212],"tags":[],"class_list":{"0":"post-9933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-enduring-interest","7":"category-flourishing","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3258,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3258\/bhb-and-real-estates-ooda-loop\/","url_meta":{"origin":9933,"position":0},"title":"BHB and Real Estate’s OODA Loop.","author":"Chris Johnson","date":"June 23, 2008","format":false,"excerpt":"The reason that I became a part of BHB was because BHB wants to matter most.\u00a0 I don't agree with everything Greg says or does (and he doesn't always agree with me), but the core ethos at BHB is peerless.\u00a0 It's the same reason why I dug the Smashing Pumpkins\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":857,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/857\/communication-a-good-reason-to-use-realtor\/","url_meta":{"origin":9933,"position":1},"title":"Communication a good reason to use Realtor","author":"Greg Swann","date":"January 5, 2007","format":false,"excerpt":"This is me from today's Arizona Republic (permanent link): \u00a0Communication a good reason to use Realtor Why do you need professional representation when you buy or sell a home? It's not because of the Multiple Listing Service. As we have seen, Realtors can put a transaction together in ways you\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2931,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2931\/the-anatomy-of-a-realtor-less-transaction\/","url_meta":{"origin":9933,"position":2},"title":"The Anatomy Of A Realtor-Less Transaction","author":"Barry Cunningham","date":"April 10, 2008","format":false,"excerpt":"Over the last couple of months we have spoken to hundreds of agents who when asked, most can not easily articulate what they do in a transaction. Yet worse, justifying why they receive 6% commission on the transaction is even harder to define. More often than not their answers have\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"Will realtors be needed in the near future?","src":"https:\/\/i0.wp.com\/www.realestateradiousa.com\/blog\/wp-content\/uploads\/2008\/04\/butler.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":762,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/762\/who-needs-realtors\/","url_meta":{"origin":9933,"position":3},"title":"Who needs Realtors . . . ?","author":"Greg Swann","date":"December 12, 2006","format":false,"excerpt":"I was talking with a reporter yesterday about the idea of disintermediation in real estate. I brought up the question of what is the ideal closing date, just as a quick and dirty illustration of why buyers and sellers need professional advice, even if they think they don't. This morning's\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":958,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/958\/disintermediation-not-for-me-not-yet\/","url_meta":{"origin":9933,"position":4},"title":"Disintermediation? Not For Me. Not Yet.","author":"Jeff Turner","date":"January 28, 2007","format":false,"excerpt":"I hated my last REALTOR?. Well, hate is a strong word. I don't really know him well enough to hate him. But I'm sure if the sale had taken just one week longer, I would have known him just long enough to wish him all manner of ill will. I\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8512,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8512\/nar-midyear-theyve-got-a-lot-of-what-it-takes-to-get-along\/","url_meta":{"origin":9933,"position":5},"title":"NAR midyear: They’ve got a lot of what it takes to get along","author":"Teri Lussier","date":"May 19, 2009","format":false,"excerpt":"Did midyear throw you for a few loops? Why? We real cool, but for all our coolness, our cutting edginess, our self-important bellowing, we belong to an enormous *ahem* trade organization. So step back a moment and let me break it down for you. A trade organization exists to represent\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=9933"}],"version-history":[{"count":5,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9933\/revisions"}],"predecessor-version":[{"id":9937,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/9933\/revisions\/9937"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=9933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=9933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=9933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}