scottswin
12 Posts |
 Posted - 05/05/2008 : 8:47:15 PM
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As Loan Officers, I'm sure you have seen many, many offers from credit repair companies. If you are confused about who to believe, and most importantly who to refer your valuable clients to, I understand. I had the same problem a while ago.
I found a great company that I now work with. After I started working with them, I was able to go back and call all the clients that I had to turn down in the past due to credit issues. After explaining the program, some of them have signed up and are now on their way to being able to purchase a home a few months down the road. Not only will I get a loan out of the process, but I will be able to refer them to a Realtor that I work with. Since I only work with Realtors that refer back, I should get 2 or more loans out of this transaction. It has been a great way to put clients in my pipeline for the upcoming months.
At the same time, I called my existing database of clients that were placed in higher interest rate loans because they had credit issues at the time. Most were willing to look into a refinance if I could save them enough to justify it. With a little money out of pocket and a promise of a no cost closing, they can still save hundreds a month after improving their scores.
If you are interested in doing the same for your clients, just send an email to scott@USCCRAonline.com. It's not hard to do, it just takes some time to call your previous contacts (which you should be doing anyway). Even if you only put an additional one or two loans in your pipeline each month, would it be worth it?
If you are looking for a company that can fix your credit overnight, this is not it. If you want one that gets you a new social security number and helps you "start fresh", keep looking. If you want a company whose average client will see a 120+ point increase in about six months, email me at scott@nwiloanguy.com and I'll give you all the details.
Scott
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