Mortgage Lead Companies The Right One For You

Mortgage Lead Companies,​ the​ Right One for You.
If you​ are a​ loan officer or​ mortgage broker on​ the​ market for mortgage leads,​ you​ will have a​ few different varieties to​ choose from.
For starters,​ your budget is​ the​ most important thing to​ consider .​
If you​ are on​ a​ limited budget,​ you​ will need to​ take a​ look at​ the​ lead companies that allow for low minimum deposits to​ get you​ started.
In the​ mortgage lead industry,​ a​ low minimum deposit is​ considered to​ be around $100.00.
The two most common leads out there are known as​ exclusive and non exclusive leads.
Exclusive leads are sold only one time .​
the​ lead will go to​ you​ and to​ you​ only.
Non exclusive leads are sold up to​ five times on​ average by mortgage lead companies .​
So if​ you​ are going to​ buy your lead’s non exclusively,​ be prepared to​ compete with other loan officers.
One of​ the​ most popular methods of​ buying mortgage leads is​ to​ cherry pick your leads .​
Cherry picking your leads allows for you​ to​ look at​ the​ lead before you​ purchase it.
Real time leads are another popular type of​ lead to​ buy .​
Real time leads are delivered via a​ streamline process to​ your e-mail box.
It works like this .​
You open up an​ account with a​ real time lead company and set up a​ filter specific to​ the​ type of​ lead you​ are looking for .​
Lead type,​ ltv,​ loan amount,​ credit rating,​ specific state,​ etc.
Once a​ lead comes in​ matching your filter scenario,​ it​ is​ delivered to​ you​ via e-mail .​
The lead arrives in​ your e-mail box literally seconds after the​ customer submits their on-line application.
The benefit to​ buying real time leads is​ that you​ can count on​ the​ quality because the​ lead is​ fresh.
Try to​ steer clear of​ recycled leads,​ or​ what is​ better known in​ the​ mortgage industry among loan officers as​ junk leads.
These leads are bought and sold from one lead company to​ the​ next,​ than sold to​ loan officers at​ a​ profit.
The chances of​ turning a​ junk lead into a​ loan are slim to​ none,​ so stay away from these types of​ leads.
Perhaps the​ best way for you​ to​ determine the​ best lead company for you​ is​ to​ do your research .​
Speak with someone in​ customer service and ask a​ lot of​ specific questions .​
If you​ are not happy with the​ customer service or​ the​ answers you​ get to​ your questions,​ than more than likely you​ won’t like the​ leads.

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