Lending

Bridging the Cultural Opportunity Along the Customer Journey in Mortgage Lending

5 mins read
December 4, 2018
By
Total Expert

In 2017, 46.2% of Latinos in the U.S. owned a home—more than 7 million in total. Hispanics are the only demographic to have increased their rate of homeownership for the last three consecutive years.

There’s a common misconception that since the Hispanic population in the U.S. has slowly shifted from first-generation immigrants to their U.S.-born children and grandchildren, Hispanic languages and cultures are becoming less relevant from a marketing standpoint.

That’s simply not true.  

In fact, according to the Facebook IQ study conducted by Latinum Network, 80 percent of Hispanic respondents said they didn’t feel the need to stop speaking Spanish to be part of American culture and seeing ads in Spanish versus English significantly increased their interest in purchasing products.

When it comes to buying a home, 25 percent of Hispanic buyers say they would prefer to work with a real estate agent who can assist them in Spanish.

The writing is on the wall – and it’s all about personalizing your messaging to consumers and tailoring the customer experience – sometimes in another language.

Hispanics in the U.S. are still very much tied to their linguistic and cultural roots.

Too often organizations assume they can replicate and implement the same marketing and sales campaigns for this segment of the market simply by translating them word for word. But doing so ignores the often-subtle differences that exist between markets.

Here’s how your producers and their co-marketing partners can capture the Hispanic homebuyer market.

Literal Translations Are Never Enough

Like English-language marketing, your translations must sell, charm and win over your target market. It’s not enough to translate your website or your marketing campaigns word for word into Spanish.

In fact, doing so can have disastrous results. Marketing campaigns must be adapted for regional – or local – consumption and cannot rely on literal translations, using a process called localization.  

Although Spanish may be a common language on the surface, there are actually 21 countries that speak Spanish. Each one has its own dialect and cultural implications. In the U.S., the dialect of Spanish spoken usually differs by region, typically affected by the countries of origin of those that most often migrate to those regions. For example, a heavy Cuban influence in Florida may require a different translation than for Los Angeles, where there is a stronger Mexican influence.

Avoid Stereotypes in Advertising and Messaging

While some marketers and salespeople may view Hispanics as a single demographic group, the reality is that a single Hispanic or Latino consumer may embody a complex mix of cultures.

It may seem obvious, but avoid stereotypes when marketing to the Latino community, instead seeking to incorporate customs and traditions without playing to the lowest common denominator, or worse, committing cultural appropriation. Ensure everything included serves a purpose and can contribute toward a broader cultural context.

To do this, it can help to work with an outside team that has the multicultural insights and experiences to inform, shape and guide the creative process to minimize the risk of backlash during a marketing campaign.

Tailor Messaging to Speak to Wants, Needs, Values

In the same vein as the linguistic and geographic diversity of Hispanics in the U.S. mentioned above, there are also generational nuances when it comes to cultural identity and the decision to use Spanish in marketing campaigns.

For example, a first-generation Hispanic may need a comprehensive email nurture that demystifies the American homebuying process, in Spanish, whereas a second- or third-generation Hispanic may be morefamiliar with the homebuying process in the U.S. and only require supporting documents in Spanish in the likelihood they seek guidance from older family members. More nuanced still, whether they need it or not, they might appreciate Spanish-language marketing campaigns as many second- and third- generation Hispanics seek to retain ties to their linguistic and cultural heritage. Marketing to these groups should be more about ‘and,’ not ‘or.’

Marketers must offer a true reflection of what it means to be Hispanic in their marketing campaigns, so that they speak to Hispanic traditions and American culture.

Poised for Prosperity

Authenticity isn’t a trend. Personalization isn’t a fad. The U.S. Hispanic audience will only gain cultural and economic prominence in the coming years. A strong commitment to serving a diverse population is a business strategy that pays.

Although this is not a definitive guide for marketing to the U.S. Hispanic homebuyer market, marketing and sales professionals in mortgage lending would be well served to remember these best practices as they seek to build relationships with and expand their business to include the Latino community.

Maria Vergara is an experienced sales professional with 20 years experience in financial services, public relations, non profit management, training and consulting. She specializes in diverse markets, with emphasis in the U.S. Hispanic market and has been recognized for achieving and exceeding sales goals while maximizing profits.

‍

Resources

Related posts

AI

Introducing the 10X Lender Podcast Series

5  mins read
Read more

With the age of superintelligence touching nearly every aspect of our lives, previous limitations to growth are suddenly being removed. In mortgage and lending, we see the opportunity for organizations to create productivity and real business outcomes that are exponential. In the 10X lender series, Total Expert Founder & CEO will sit down with industry leaders to dive into the real-world shifts happening and explore both the natural friction of immense change and the tremendous opportunities emerging. AI superintelligence touches nearly every aspect of our lives, and previous limitations to growth and opportunity are suddenly being removed. In mortgage and lending, we see the opportunity for organizations to increase productivity and create exponential business outcomes.

AI

The 10x Lender: Why AI Demands a New Mortgage Operating Model

5  mins read
Read more

Adding more people to your call center won’t drive the kind of growth you’re seeking. And neither will bolting an out-of-the-box AI onto your existing workflows. That’s the mindset behind becoming a “10x lender,” and the idea that our Founder & CEO Joe Welu unpacked in a recent conversation with HousingWire’s Allison LaForgia.

That shift isn’t incremental. In this new, AI-enabled age, lenders have a real opportunity to do more than simply iterate on processes that have been in place for decades—they can reimagine the entire engine that’s powering their businesses. AI assistants can text, call, schedule meetings, and share information with tens of thousands of borrowers at once. Pair that scalability with the contextual data Total Expert already holds, and your outreach becomes hyper personal, always relevant, and perfectly synchronized with your customer’s financial journey.

For loan officers, that means less time clicking through screens and more time building relationships and educating consumers. This shift isn’t about automating away the work; it’s about elevating your teams’ ability to execute on every possible opportunity.

AI

Why "Faster" Isn't the Goal: Joe Welu on Building Customer-for-Life Lenders with AI

5  mins read
Read more

Most lenders approach AI the way they've approached every technology upgrade for the last two decades: find the part of the process that's slow and make it faster. Total Expert Founder and CEO Joe Welu says that mindset, while understandable, is holding the industry back from the outcomes AI actually makes possible.

In a recent conversation with HousingWire, Joe unpacked the mindset shift he's been sharing with lenders all year: stop optimizing the old process and start reimagining it from a blank canvas.

The problem with doing the same thing “faster"

For years, lending organizations have measured technology's value by a simple test: did it get people to log in and complete a task? New dashboards, new buttons, and new workflows all designed to change human behavior just enough to extract a little more efficiency from the same process.

The catch, Welu explains, is that this approach caps out at the limits of human behavior itself. A loan officer forgets to follow up. A call center rep runs out of time in the day. A relationship goes quiet not because anyone did anything wrong, but because relying on people to be perfect and predictable was never a sustainable strategy to begin with.

What breaks when the old ceiling stays in place

Joe used an analogy at the 2026 HousingWire AI Summit to capture the stakes: a farmer who just got a bigger, faster horse looks to the neighbor’s field and watches them ride by on a tractor. Incremental improvements, like faster horses, were the best option for decades. That's not the case anymore.

The risk isn't hypothetical. We still see lenders asking AI to slightly improve an existing workflow, rather than asking what their workflow should look like with AI built in from the start. And the lenders who are still chasing incremental improvements will find themselves outpaced by competitors who were willing to embrace a new mindset, a new strategy, and new era.  

Joe also highlighted that speed and speed alone will not set you apart. Context will be the critical differentiator in an AI-enabled world. Being the first one to engage a borrower is great, but only if you actually have something to talk about. Historically, a legacy database only knew what a person remembered to type into it. If that information wasn't captured, the system, and the loan officer, wouldn't be able to use it for the next conversation.

Context is king, and the mindset shift that gets you there

This is where Joe took the conversation from diagnosis to direction. Total Expert's Customer IQ continuously aggregates zero-, first-, and third-party data to create a complete financial profile and interaction history for every customer. This provides lending teams with the context they need at the exact moment it matters, whether that's to a loan officer having a conversation or an AI agent handling a task automatically.  

To put things in a perspective that everyone can understand, Joe drew a comparison to how streaming platforms already personalize recommendations based on what the user has watched or listened to previously—i.e., context. When that context is missing, it's obvious and often frustrating. He argues borrowers feel that same disconnect when their lender's outreach doesn't reflect where they actually are in their financial journey.

This level of change doesn't happen without friction. There will be individuals, teams, and even entire organizations that resist this shift. But leaders have to be clear-eyed about the realities of how our industry is evolving and, more importantly, how consumer expectations are driving that evolution.  

The reframe Joe’s pushing lenders toward is to stop measuring success by tasks completed, and start measuring it by the lifetime value of the customer relationship. He calls this “turning relationships into appreciating assets," where organizations never lose a customer and continually find new ways to add value to that relationship over time, rather than treating every interaction as a standalone transaction.

The takeaway

AI doesn't create value on its own. It creates value when it's grounded in real customer context, embedded in the actual workflow, and pointed at a bigger goal than getting a task done faster. For lenders willing to rethink the engine itself, Welu says the payoff isn't incremental. It's the same seismic shift that farmers experienced when they realized that even the slowest tractor was more efficient than the fastest horse.

See Total Expert
in action

Create sustainable growth and increase loyalty with a Customer Operating System that’s purpose-built for financial institutions.
Schedule a demo