What are the types of leads available?
-
Exclusive Leads - will be sent to one broker.
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Shared 1
Leads - the lead goes to 1 other client.
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Shared Leads - up
to 3.
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Second
Pass Leads - When the client tells us that they blew
it on the sales pitch or don't have the product
requested but the borrowers are still
looking for a loan.
What are the filters available?
-
Free filters include
picking the loan types, credit ratings,
property types and states.
-
All first
mortgages <50k are free
-
LTV
filter <95 is free.
-
Custom Filters (additional criteria) -
additional costs apply for each of the items
listed under additional filters on the order form.
Q.
If I don't pay for additional filters does that mean I
will not receive huge loans or lowest LTV loans
A.
No it does not mean that, it means that you will
receive all sizes and LTV ranges of loans
Q.
How do you calculate LTV
A.
The system adds the balance of any 1st and 2nd mortgage
the customer enters and divides it by the value
approximation the customer enters.
What kind of closing results
should I expect?
Our clients report back that 10-30% of the
leads we provide result in sales in the short term.
That’s not considering the possibility of
additional closings at a later date, and their ability to
get referrals from the leads.
Important note
This means that even
the most successful originators out there are going
to fail to close 70%-80% of the leads. They
may not establish a rapport or have the product
needed. The applicant might not like the
sound of their voice or the message they left.
One of the keys to high conversions is keeping a
positive attitude and knowing when to move on to
the next lead.
What
is the best approach to Internet Leads?
Since all consumers are generated off inbound website
requests, you can assume that a general introduction
(i.e. I'm responding to your Internet Mortgage inquiry)
is appropriate. Many of the sites say that the
request will be forwarded to a loan coordinator.
The loan coordinator will contact them to review their
situation then perform a loan search for them, present
the results and walk them through the processing and
closing phase of the loan of their choice
-
Call and/or e-mail the borrower
-
Remind them they had filled out a request on the
Internet
-
Tell them you're calling to give them a free quote on
a home loan
This will help them remember the application and tie
into why you're
calling them. Remember, sometimes spouses fill out
the request. If a potential client does not remember
applying, make sure you ask if someone else in
their household could have filled it out for them!
What is your lead replacement
policy?
Customer service is key to our business. While we are
consistently striving to continuously improve our
lead system, sometimes a lead does need to be replaced. In
those situations we take pride in offering the BEST
replacement policy available on the Internet today.
Simply put, we’ll replace a lead if:
-
The Lead is a duplicate of a lead previously sent
by us.
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The phone number is disconnected or a wrong # with
no 411 listing.
-
The Lead is a fictitious person, a child, another
broker / agent.
-
Unless in the case of purchase leads (new home),
the lead is not a homeowner, OR is a mobile home,
co-op (if applicable).
Where are your leads coming from?
We currently have over
200 mortgage sites on the internet. We also
obtain leads from our network through:
- affiliates
- search engines
- banner ads, Pop under / over
- Opt in offers
Our partnerships with a large volume
of web sites continuously route "loan requests" to
our database where filters are applied with the
criteria that you have selected. If your website is
generating applications outside your service area,
You can become an affiliate.
Click here
By
activating your account you are agreeing to our terms
of service
Terms of Service
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