Mortgage Leads For New Loan Officers

Mortgage Leads For New Loan Officers

Mortgage Leads for New Loan Officers
If you​ are a​ loan officer and you​ are new to​ the​ business,​ one thing you​ may be short on​ is​ leads.
Leads can be obtained in​ many ways .​
Through customer referrals,​ networking groups,​ family members,​ friends,​ etc.
However,​ for a​ new loan officer,​ you​ may need to​ jump start your business,​ and investing with a​ mortgage lead company may be the​ way to​ go.
You probably haven’t heard many good things about mortgage lead companies .​
However,​ there are some good ones out there .​
And if​ you​ take your time and do your research,​ you​ may just find the​ right one for you.
Here are a​ few things to​ avoid:
Avoid the​ mortgage lead companies that recycle their leads .​
Recycling means they sell them over and over again.
So,​ most likely these leads have gone through the​ hands of​ dozens of​ loan officers before reaching your desk,​ so steer clear.
Stay away from lead companies that buy their leads from third party companies than sell them to​ loan officers at​ a​ profit.
You never know how many times those third party companies sold those leads to​ other mortgage lead companies.
In the​ beginning,​ your budget may be a​ little bit tight,​ so look for lead companies that allow for a​ low minimum deposit.
Also,​ look for lead companies that obtain their leads through sites they own and operate on​ their own .​
This is​ always a​ good indication that the​ lead is​ of​ good quality.
And look for lead companies that sell real time mortgage leads,​ and/or sell them exclusively .​
When you​ buy your leads exclusively you​ can cut out your competition.
Real time leads are also known as​ fresh leads,​ so they are hot off the​ press once you​ receive them .​
With real time leads your closure ratio will be much higher and the​ return on​ your investment will be that much better .​
And why shouldn’t it​ be? you​ work hard for your money.

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