First:John
Middle_Initial: E
Last: Doe
Age: 34
SSN1: 222
SSN2: 22
SSN3: 2222
Homephone: 565-566-5555
Address: 300 West Ivy
City: Gibralter
State: Ny
Zip: 10254
Timeaddressmnth: 06
Timeaddressyr: 5
Own: Own
Credit: Some Problems
Employer: The Company
Selfemployed: No
Workphone: 555-555-5555
Monthly Income: 5600
Jobmnth: 07
Jobyr: 3
Co-First: Jane
Co-Middle_Initial: C
Co-Last: Doe
Co-Age: 32
Co-SSN1: 333
Co-SSN2: 33
Co-SSN3: 3333
Co-Homephone: 565-566-5555
Co-Address: 300 West Ivy
Co-City: Gibralter
Co-State: kk
Co-Zip: 55555
Co-Timeaddressmnth: 66
Co-Timeaddressyr: 666
Co-Own: Own
Co-Credit: Some Problems
Co-Email: [email protected]
Co-Employer: Our Company
Co-SelfEmployed: Yes
Co-Workphone: 555-999-7777
Co-Income: 2550
Co-Jobmnth: 04
Co-Jobyr: 02
Purpose: Purchase, property has been identified.
Propvalue: 190000
Loanamount: 135000
Usedfor: Primary
Type: Single Family
Purchaseaddress: 555 South Elswhere
Purchasecity: Des Moines
Purchasestate: MA
Purchasezip: 11026
Property Yet to Be Determined: No
Yetodeterminestate:
Downpayment: 55000
Downpaymentpercent: 00
Comments: Minor problems.
Agree: I/We agree to have MortgageCreditProblems
and/or its Affiliates pull my/our credit reports.
Send: Submit Query
|
"Mortgage Leads Comparison Chart"
|
||||
| Source | Are Leads Exclusive? | Price Per lead | Authorization to Pull Credit |
Comments |
| Mortgageleadsforsale.com | Yes | $ 29.00 | Yes | Leads sent in "real time" |
| LoanApp.com | No | $ 25.00 | No | Sold to 4 different Lenders/Brokers |
| GetSmart.com | No | $19.00 Purchase | No | Set up fee $1000, |
| $37.00 "A" Paper | Monthly Maintenance $500.00 | |||
| $51.00 Sub Prime | Sold to 3 other lenders | |||
| ILeads.Net | Yes | $ 40.00 | No | |
| MortgageLeads.net | Yes | $ 60.00 | No | Minimum order $1000.00 |
| No | $ 20.00 | No | ||
| Mortgage-Leads.com | Yes | $ 40.00 | No | Minimum order 250 leads |
| Mortgageleads4less.com | No | $ 15.00 | No | Sold to 3 different Lenders/ Brokers |
| Leadsfor.com | Yes | $ 50.00 | No | |
| No | $ 25.00 | No | ||
| Mort-Net.com | No | $ 7.50 | No | Sold to 5 other lenders |
Information was gathered 1/2001. We are not responsible for the accuracy.
I have been in the mortgage business for
nearly 7 years and over this time, I have bought many leads from many different
sources.
Recently, I came across Mortgageleadsforsale.com leads through a co-worker
and he mentioned that the leads that he bought from them were pretty good.
So I tried a small sampling.
I was very suprised when I called these people. They were excited to hear
from me and still very interested in either buying a house or refinancing
their existing house.
I called 10 people a few weeks ago. Out of those 10, I will have 6 closings
and 2 more possibilites. Not only that, 3 of the people have already
referred a couple new friends to me that are interested in buying a new home.
I highly recommend calling Mortgageleadsforsale.com for leads.
Have fun! Make lots of Money!!!
Jeff
Senior Loan Officer
Prism Mortgage
As many of you may know, conversion ratio's from purchased Internet leads
are generally not very good. In my experience, having purchased thousands
of
leads over the last four years, 1 in 30 up to 1 in 40 are generally not poor
conversion ratios. I'm speaking as an owner of a small mortgage company,
formally one of the top producers for Ford Consumer Finance and Fairbank Mortgage
Corp. I'm no slouch when it comes to selling loans, for eight
quarters in a row at Ford Consumer Finance, I was the top producing sales
associate out of 1800 nationally.
Just to give you an example, I closed two of the first 25 leads I received
from Mortgageleadsforsale.com with commissions of approximately $9,000.
They are a delight to work with and if Internet leads are one of the sources
you use to dig up business, "try them you'll like them".
Fred
Money Lender Mortgage Corp.
"Every customer I call is glad to hear
from me and anxious to cooperate. I am able to offer a majority of the customers
the opportunity to purchase a home or refinance.
One lady had given up hope until a friend told her of this website. I was
able to consolidate her bills and save her a lot of money each month when
no one else could."
John
Prism Mortgage
|
Number of Desired Loans
to Close
|
Conversion Rate
|
Number of Leads Needed
|
|
100
|
20%
|
500
|
|
200
|
20%
|
1000
|
|
500
|
20%
|
2500
|
Now consider the cost to close 200 loans.
Advertising in the paper, direct mailings, list purchases, Yellow Pages or
developing a web site could run as much as $10,000 per month, easily. You
could spend that much each month on the Yellow Pages alone!
All of this advertising could gain you only shoppers and customers who will
contact 5-10 different sources. Imagine the madness!
Now, lets say you purchase 1,000 leads from a source that has real customers
looking to close a mortgage now.
The total cost for 1,000 leads would be $29,000.
If you close 20% (and you should), assuming the average profit is $4,000*,
this means you will profit and/or make $800,000!
Its a no brainier! We all know that the profit on sub-prime mortgages
can range from 2-10% of the loan amount.
Stop paying for high cost advertising and put your dollars to work for you!
With our Mortgage Leads you can succeed in closing more deals.
You may never have to spend another dime in advertising. We will deliver highly
motivated customers to you!
Discover how easy it is to stay ahead of the competition and lower your advertising
budget.
Put more money in your pocket! If you want to spend more money, use it to
take a vacation.
* Based on an average loan amount of $100,000
and 4 points profit (both upfront and yield spread premium). Many loans will
average a higher percentage. We have opted for the more conservative approach!