Payday Loan Fairy

Any Loan officers know where to get any good mortgage leads?

why would you be asking your competition for leads - talk to real estate agents - that's where you would get leads from

2008-03-24 09:01:29 by mtvdept2000

I am a new loan officer. I wanted to know if i was to order 100 mortgage leads, how many would i get funded out of 100 leads what would be the percentage? thank you

Nobody can answer this, because it's up to you to "work" those leads.
In general, if you get 3 or 4 out of a hundred, it's considered a very good result.

2007-11-19 12:16:28 by mtvdept2000

Looking for leads to buy! I have a pretty good one now, but always looking for better.

The leads you find on websites are usually sold over and over again. If you're lucky enough to get a good one it will probably have cost you a lot of time and money, and that lead isn't a guarantee. I've never ended up with a good one. All I ever got was yelled at for being another pestering sales person and was always told to never call again. I can handle rejection of my services, what I won't take is the abuse by people when I really didn't realize these leads have gone to so many others looking for leads. The only one making any money on these leads are the ones selling them. Don't waste your time or money.

2007-02-07 14:18:48 by dan a

I want to get back into the mortgage industry any good companies to start for? Any suggestions on how to get good mortgage leads or to get clients to do home loans for?

The best mortgage leads are right there in your home address book. Send a cover letter to ALL of your friends, family, church members etc and ASK FOR REFERRALS....

That's the best place to start... Also, I offer a product to all of my clients that is incredible...go to www.prepaidlegal.com/hub/tgiusti

Hope this helps..

2006-05-01 16:47:27 by shaws2007

I want to close more loans, where can i buy leads from, is it good to buy leads from those whole do cold calling? How much it cost per leads? please give me as much information as much you can, thank you

Generate your own leads, it will take you about 3 months to start generating the type leads that you are seeking but if you decided to work a ceretain area of the city in which you live and also close to the place where your home is located, you will generate leads directly as well as referrals. Work this are very diligently, become an expert in the area, become a friend of the home owners in the area.

Select about 5000 homes in one tract, send them a flyer introducing yourself as the new loan officer for that area. Send the flyers for about 3 months, 4 if you like. You may walk the area and place the flyers on the doors of each home, hire some kids from the neighborhood to do this while your supervise, get your kids to do this and help dad, of course reward them with a meal and some change.

The flyers should give a little bio or yourself, the services you offer, refinace, first time home buyers,one or two popular loan programs you have available. Place on the flyer that you will give a referral fee of at least $250.00 per referral or what ever amout you want to give a referral fee.

You should also work the commercial shops in the same area placing the same flyers in liquor stores, barber shops and any other place that will allow you to place your flyer. You can purchase the stands for the flyers from Staples or Office Depot.

After placing the flyers for 3-4 months in your 2nd or 3rd month you should be getting calls to your office. You should start a monthly newsletter to the same people. Your title company can provide a farm package with the names of the home owners. Your team members can write article for your newsletter explaining there services.

Since you have made friends with the commercial shops that allow you to place your flyers in their shops, you can offer them ad space in your newsletter to help with the cost of the newsletter.

The $1000. 00 you would use to pay for these leads that are sold to others as well as yourself could go toward your newsletter. This would be a part of your advertising/marketing budget.

You should also establish a team of experts to work and help you in your job, a real estate appraisal, a notary, a real estate agent, an insurance agent that sell home owner's policies,your title rep, a CPA, an attorney and tax preparer. Make friends with all these people give them about 10-20 of your business cards, tell them you will pass out their card when you run across someone that need their service if they will pass out your cards when they run across someone that need your services. Give them some of your cards. This will get you referrals. You should make contact with your team at least once a week by telephone or in person.

This is very hard work, but will pay off in the long run and you will never have to pay for a lead that is sold to at least 4-5 people including yourself. Your leads will call and ask for you directly. In about a year you should be well on your way to getting loans as well as referrals from your area.

I hope this has been of some use to you, good luck.

"FIGHT ON

2006-06-18 12:41:48 by keith_williams

I am going to work as a loan originator for a small company but I am having trouble finding potential borrowers. I thought leads would get me off to a good start until I make better contacts. I am young and unexperienced and this is my first loan/mortgage related job, so I need as much advice as possible. Please help!!!

I m a telemarketer and generate leads as per the requirement of the loan officers and mortgage companies. I am young too but experienced in cold calling. As one of my friend said no company will get you cherry pick leads but of course i can get you leads with different criterias you are specialized in. For example
1) Some companies look for leads with customer just discharged from bankrupcy.
2) Some companies require leads with a loan balance more than $500000.
3) Some companies buy general leads but they need a lot of personal information of the customer like Social security number, DOB, name of the company where the prospect is working and a lot more information because these companies thinks that the customer will give this information only if he is really desperate to refinance.
There are a lot of set criterias i work on.
So if you want leads as per your requirement you can write me at refinance@Inbox.com
I would like to add the cost of the lead depends on the criteas
Good Luck.

2006-05-31 17:54:30 by deserae007