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For Financial Services Professionals

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August 7, 2006

How Consumers Buy Banking Products

Mortgage Buyers Prefer Different Channels For Different Activities

by Brad Strothkamp

with Bruce D. Temkin, Peter Hult

This is an excerpt

Executive Summary

US and Canadian online research and application activity continued to increase in 2005. Consumers in the online sales process prefer to use a mix of channels as they move from researching to applying, then to fulfilling their product choice. Financial firms need to first dissect overall sales processes, then understand consumers' preferred channels for each step of the process. Armed with this information, channels can be best aligned to meet consumer's sales expectations.

TABLE OF CONTENTS

  • Online Research And Application Behavior Continues To Increase
  • A Seamless Cross-Channel Experience Is Key To Maximizing Sales

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This is an excerpt

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