TOPICS
KEEP more of your
money
|
|
Finding a Good Mortgage Lead
on the Internet
Mortgage brokers sometimes find that mortgage leads found on the Internet only
waste their time, effort and money in trying to work it out. Some mortgage
leads could be filled with data that is inaccurate, incomplete and not
completely true. Sometimes the leads are not new or fresh and could have
already been used by many other mortgage brokers.
So, how do you
determine if your internet mortgage lead source is any good and you won't be
wasting your time and effort working on it? Here are some guidelines to lessen
your chances of finding worthless mortgage leads:
Check if the
mortgage lead is fresh.
A "fresh" mortgage lead is supposed to be
acquired in real time, meaning instantly or within 48 hours from user request.
Within the time, you receive it, is also best to act upon it while the user is
interested. Oftentimes, clients become disinterested as the time increased from
when they initially responded.
Is the mortgage lead is
accurate.
A mortgage lead should contain all of the information below:
- the name of the applicant
- the co-applicant's name
-
street address
- city
- state
- Zip code
- E-mail address
- Work phone
- Home phone
- Type of house
- Current value
- Purchase price
- Year purchased
- First mortgage balance
- Interest rate
- Type of Loan: Fixed or Adjustable
- Second Mortgage
Balance
- Second Interest Rate
- Type of Second Loan: Fixed or
Adjustable
- Monthly Payment on Second Mortgage
- Behind on Payments
- Number of Late Payments
- Credit Rating
- Employer
-
Years There
- Income
- Monthly Debt
- Loan Type
- Ln
Amount/Cashout Desired
- Call time
- Comments and Questions
Users sometimes send in inaccurate information about themselves. Good mortgage
lead generating companies will incorporate software to reduce erroneous data
such checking area codes of the telephone numbers supplied by clients against
the state they are calling from or those that check their employment companies
from the data they enter. Even though this software may be used, inaccuracy
still causes some problems.
You should also check the mortgage lead
generation companies and evaluate whether they have employed some guidelines in
order to address inaccuracy. There are somewebsites dedicated to this
undertaking and you can read reviews made about them. MortgageLeadGuide.Com
offers a comparison and review of various Internet mortgage lead generation
companies.
In their review, they've listed the various mortgage lead
companies such as LeadBull.Com, Eleadz.Com, mLeads.Com, LeadStore.com and
others. Next to each company name are their leading prices for exclusive leads,
non exclusive leads and custom filters. The table also contains brief
information about the companies and how they work. And, links to user reviews
on the different mortgage lead generating companies are also provided.
Is the mortgage lead is true.
The best way to avoid bogus
mortgage leads is to stay away from those that come from websites that offer
incentives to clients. These incentives come in the form of points for
discounts on purchases or are even given in the form of money for clients who
fill out forms for a mortgage. You have to keep in mind that clients who really
want a mortgage would not fall into this but rather seek out the company who
could do the real work for them.
Following these guidelines can help
assure you that you will not get ripped off with worthless leads. But, you
should also take note that other experienced brokers who have worked with
internet mortgage lead generating companies recommend that expectations should
not be high in closing a mortgage lead from the Internet. Their statistics for
closing such deals is 8 to 14%. Also expect accuracy of data to always be
somewhere around 80%. If you are able to close 8% of these Internet mortgage
leads, then you can consider yourself to be doing very well.
|
Mortgage Leads
The Internet has become a
significant tool for both mortgage seekers and mortgage brokers alike.
Exclusive Mortgage
Leads
If you are a loan officer or mortgage broker on the market for
exclusive mortgage leads, how do you know if that lead is really exclusive or
not?
Best Inexpensive
Mortgage Leads
Surely, it is nice to spend money on mortgage leads
that convert well into customers, but buying leads is often a risk not many
people are willing to take. What is even better is to generate your own leads
that convert well and are also inexpensive to generate.
Mortgage Leads, Quality Leads
to Applications
If you are a mortgage broker or loan officer looking
for internet mortgage leads as a source to pick up some more applications, make
sure the mortgage leads you are using are of good quality.
Mortgage Leads, Real
Time, Three Ways to Increase Applications
There are a lot of people
in the mortgage business and they will find that the first thing that you need
to get is some applications.
Commercial Mortgage
Refresher Course
Securing financing is a real need for almost every
business, particularly for those interested in real estate investments. Most
investors realize the hardest thing to come up with is the actual cash to make
the investment in an income property.
Commercial
Mortgage Leads
Commercial mortgage leads help lending institutions
approach commercial mortgage loan seekers with loan offers. Commercial mortgage
seekers, while searching for the best mortgage deals, submit their mortgage
loan requests to the commercial lead-generating companies.
Trigger Leads - The Latest
Threat to Homeowner Privacy
Would it trouble you to know that when
you apply for a home loan your personal information is being sold without your
knowledge or consent? Personal information about you including your address,
credit score, payment history, account balances, and credit limits.
Building a "targeted"
Email List of Your Own
Building a quality "targeted" list is the
most important thing you can do for your business.
|
|
|
