Amerifirst Home Mortgage, the Michigan-based mortgage lender, provides a wide range of loans to customers in 12 states. As a company in a traditional, regulated industry, Amerifirst competes with many other lenders, both large and small. They leverage Crayon’s competitive intelligence software platform to keep tabs on their competitors and drive smart marketing investments to stay ahead.
The mortgage lending industry is vast yet slow-moving. “There hasn’t been a lot of innovation in the industry,” shared Jill Perney, Marketing Manager at Amerifirst. “But as an independent company, we have some unique opportunities - and challenges - to succeed in this market.” On the positive side, Amerifirst has a greater ability to stay nimble and try new things in marketing and across the business. On the flip side, they often compete with large, national lenders with much larger budgets.
The Amerifirst marketing team is lean but growing exponentially - doubling in size this year alone - and needed to focus their efforts on the most impactful areas. Prior to Crayon, Jill and the team would try to stay on top of the industry and their competitors’ marketing strategies, but it was a manual process that didn’t capture the full picture. Jill would read newspapers, check Twitter daily, and review content from key research firms, looking to inform marketing campaigns and investment.