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Dialing Prime
162 Posts |
 Posted - 06/25/2008 : 4:45:49 PM
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** Edit: 10% Closed Loan Guarantee on Pay per Lead. See below.
The #1 Pay per Lead Program on The Market!!
More Filters! Better Filters! Lower Cost!
For those who prefer not to cold-call themselves, we offer our Pay per Lead service. We offer both exclusive and non-exclusive (sold to 1 other client) leads. Each lead will be qualified under the following criteria:
LEAD QUALITY
Leads will contain full contact information, 1st and 2nd mortgage information, employment and credit information, as well as social security number(s).
RETURN POLICY
If you receive a lead that does not meet any of the criteria below, report it within 48 hours and we will replace it.
• Minimum loan amount of 100k
o 80k in TN, OH, MI, SC, PA, NM, ID, MO, AL, LA, MS
• Nothing less than a percentage of 6.5% on a 30 year fixed rate unless the borrower is looking to consolidate debt or wants cash out (10k or more)
• Lower than 90% LTV
o Documentation for Replacement:
Full Appraisal (satisfies requirement fully)
Or Two of the following (We use the higher of the two values)
AVM Report
Zillow.com Reprt
Property Appraiser’s Website Report
• No Current Chapter 7
• No Mobile Homes
• Valid phone number
Exclusive and Non-Exclusive Leads may take up to 15 business days to complete for 10 or 25 lead orders, 30 business days to complete for 50 lead orders, 60 business days to complete for 100 lead orders . I understand that there is no return policy only a replacement policy. If a lead is not qualified it will be replaced. No refunds or charge backs are warranted unless the order can not be filled within the allotted business days.
The pricing for this program is as follows:
-Exclusive Leads
10 Leads = $60/ea
25 Leads = $55/ea
50 Leads = $50/ea
100 Leads = $45/ea
-Non-Exclusive Leads (sold to one other client)
10 Leads = $40/ea
25 Leads = $35/ea
50 Leads = $30/ea
100 Leads = $25/ea
The standard pay-per-lead interest rate filter is 6.5% on a 30 Year Fixed where the homeowner does not want cash out. At Prime Processors we take it a step further. We will increase that min. interest rate guarantee by 0.500% for an additional $10.00/lead.
What this means is that you can get your leads from the other providers or you can get them from us and get a lower minimum order to start, a higher guarateed interest rate, a guarantted social on every lead AND STILL PAY $5.00 less per lead!!
The only exclusion is that we will not be offering this product for California. Please send all questions regarding this service by completing our Pay per Lead Q&A Form. We have a weekly Q&A session and will be happy to show you the system.
On all Pay per Lead packages that are purchased with a 7.5%+ (7.0%+ for current Processing clients) rate filter applied (see pricing) we will offer a 10% Closed Loan guarantee up to 125% of the original order. We offer this guarantee because we are positive that our team of TMers can produce the best quality lead offered here on the BO, or elsewhere!
To get started with our Pay per Lead Program, complete the
Pay per Lead Order Form
You will be prompted for payment as soon as the form is submitted.
Note: Complete this form only if you want to start ASAP.
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Managing Prime
2305 Posts |
Posted - 06/26/2008 : 08:33:04 AM
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I don't like to overpay for sub-par products.  BUMP |
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Dialing Prime
162 Posts |
Posted - 07/03/2008 : 5:28:58 PM
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thanks for the bump 
quote:
Originally posted by Banker0679
You guys must be kicking the other competitor out the door with those prices!
BUMP FOR THE LOW PRICES!
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darkstar
15806 Posts |
Posted - 07/03/2008 : 6:37:00 PM
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Wasn't someone else offering a guarantee?...Wonder what happened to that one? Hmmmm, LOL
Pat is a top notch professional when it comes to business(and play, according to the rumors j/k), I'd recommend him to anyone... |
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mdiclemente
986 Posts |
Posted - 07/03/2008 : 9:49:21 PM
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| Wow, I can't believe this thread isn't taking off... If I bought leads I would definately give this a shot. |
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Managing Prime
2305 Posts |
Posted - 07/03/2008 : 9:58:18 PM
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Take a look at the general forum. It's a holiday and many are concerned with thoughts of what their next job is. Markets have changed and we're looking at adding purchase and loan mod to the mix, but instead of selling loan mod leads we would rather process. Loan mod leads seem to be a given right now in adjusting low equity markets. These changes to pay-per-lead and processing would give us a boost, but until the next wave out is done it is what it is.
Marketing works. So one way or another the marketers are always busy. |
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Dialing Prime
162 Posts |
Posted - 07/04/2008 : 12:40:03 AM
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No wonder I barely have time to eat/sleep/drink 
quote:
Originally posted by Managing Prime
Take a look at the general forum. It's a holiday and many are concerned with thoughts of what their next job is. Markets have changed and we're looking at adding purchase and loan mod to the mix, but instead of selling loan mod leads we would rather process. Loan mod leads seem to be a given right now in adjusting low equity markets. These changes to pay-per-lead and processing would give us a boost, but until the next wave out is done it is what it is.
Marketing works. So one way or another the marketers are always busy.
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LUCKYBMAC
87 Posts |
Posted - 07/04/2008 : 06:05:25 AM
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| So they are selling leads with social security numbers on them? This must be legal. |
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Managing Prime
2305 Posts |
Posted - 07/04/2008 : 07:41:15 AM
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quote:
Originally posted by LUCKYBMAC
So they are selling leads with social security numbers on them? This must be legal.
Lots of companies sell leads with SSN's. Most LO's tend to like that criteria, but we are willing to change criteria. Some clients don't care about LTV, but more about consumer credit history. We have been known to swap criteria by special request.
All an SSN on a lead really does (keep in mind these leads are exclusive or semi-exclusive and sold to one other LO) is ensure a much greater contact rate on the leads. We see about a 70%-80% contact rate on leads across the board for LO's that are fairly diligent in their follow up. The rate is nearly 20% higher when the lead has an SSN. Our only requirement is that the LO's do follow up with these leads and we do perform quality control checks to make sure that these homeowners are being contacted an not just sitting around worried about who has their info. |
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mcamp60610
408 Posts |
Posted - 07/04/2008 : 09:04:45 AM
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We sell leads with socials banker :) and these guys are the only ones who seem to be any competition based on quality. We just generate the lead a different way and charge 15 more per lead.
These guys seem great and I'm sure they'll agree that the big boys don't handle their exclusive leads customers well. |
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Bruce Wayne
85 Posts |
Posted - 07/08/2008 : 09:30:01 AM
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John
I know you are very busy but I need to talk to you
a return fall call or something it has been almost a month
and you still have not gotten back to me about refunding my money
please call me
404 246 7084
or email or something
my email is E_Cole@acerefi.com
Dean Cole
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Managing Prime
2305 Posts |
Posted - 07/08/2008 : 09:52:37 AM
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quote:
Originally posted by Bruce Wayne
John
I know you are very busy but I need to talk to you
a return fall call or something it has been almost a month
and you still have not gotten back to me about refunding my money
please call me
404 246 7084
or email or something
my email is E_Cole@acerefi.com
Dean Cole
Dean. I went through our Archives. It's not a problem refunding you for the dialer since you never used it. Seems your last message was not responded to because you sent it to our archive address as opposed to one of us directly. I sent you an email with our contact information so that we can get your request processed.
Regards,
P |
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STLBroker
15 Posts |
Posted - 07/09/2008 : 1:13:12 PM
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| Sounds like a great deal on the live transfers. Would anyone who is running this campaign now please post their results? |
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STLBroker
15 Posts |
Posted - 07/09/2008 : 1:23:27 PM
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Patrick,
Are these live transferred or what is the turnaround time from when you take the app to when we get it?
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Managing Prime
2305 Posts |
Posted - 07/09/2008 : 1:29:58 PM
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quote:
Originally posted by STLBroker
Patrick,
Are these live transferred or what is the turnaround time from when you take the app to when we get it?
They are not live transfers. We may consider them in the future, but we've had problems with the LO's being available and losing sales.
Live transfer is no cost option on our Rent-A-telemarketer program.
The TM takes the info and when they finish the call they submit the form. The form is reviewed in office as it comes in. We check to make sure that it meets criteria...if it meets criteria is it can be in your inbox within minuets of being generated by TM. |
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STLBroker
15 Posts |
Posted - 07/09/2008 : 1:37:34 PM
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| I am interested in the Rent a Tm but my understanding is that you require that we use you for our processing as well?? Can you please explain that and is it jus tthe loans we get from your tm that are required to be processed by you? |
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STLBroker
15 Posts |
Posted - 07/09/2008 : 1:44:12 PM
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Patrick,
Also, can you give me an idea on how your reps are branding the call? Would they be using my company name or is that an option? |
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Managing Prime
2305 Posts |
Posted - 07/09/2008 : 1:45:54 PM
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quote:
Originally posted by STLBroker
I am interested in the Rent a Tm but my understanding is that you require that we use you for our processing as well?? Can you please explain that and is it jus tthe loans we get from your tm that are required to be processed by you?
Correct. The pricing for our products is lower than industry average because our products were crafted for our processing clients. We began to offer the marketing to all LO's not just current processing clients and few used our processing services. You don't have to send all loans or even all loans generated by our TM's, you just have to be a processing client that sends good files that will fund.
We restricted the use of the rent-a-telemarketer service to only processing clients because those are the clients that we build long-term relationships with and the RATM program is very work intensive...it just does not make financial sense for us to offer the product to LO's that are not going to go "all in" if you will...thus the pay-per-lead offering...our margins are better and we still beat every other provider hands down.
Get it while it's hot. I can guarantee without a doubt that in 2009 our marketing services will only be available to those LO's that are using our Processing services or via third party resellers. We've been sufficiently blessed enough to be able to use discretion when it comes to who we do business with. |
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Managing Prime
2305 Posts |
Posted - 07/09/2008 : 1:48:48 PM
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quote:
Originally posted by STLBroker
Patrick,
Also, can you give me an idea on how your reps are branding the call? Would they be using my company name or is that an option?
We do not brand the call. We call in our name and let the homeowner know who we are and what we do. We let them know that our LO client in their state will be giving them a call back. If pressed for contact information we provide it.
The reason we don't brand is because only about 1 in 5 leads meets the criteria of a salable lead. The leads that don't meet the criteria are given away to other brokers as marketing collateral. |
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STLBroker
15 Posts |
Posted - 07/09/2008 : 1:54:32 PM
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| Understand. Sounds good, I will be contacting you to try a small batch of the PPL probably next week. If all goes well I would love to replace our current lead source and make it a regular part of our monthly marketing expense. Thanks for the info. |
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Managing Prime
2305 Posts |
Posted - 07/09/2008 : 1:58:46 PM
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| np |
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hockeyguy
212 Posts |
Posted - 07/13/2008 : 10:17:05 AM
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| So anyone have comments that have used this? |
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hockeyguy
212 Posts |
Posted - 07/13/2008 : 10:18:33 AM
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| So anyone have comments that have used this? |
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hockeyguy
212 Posts |
Posted - 07/13/2008 : 10:19:51 AM
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| So anyone have comments that have used this? |
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hockeyguy
212 Posts |
Posted - 07/13/2008 : 10:24:21 AM
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| So anyone have comments that have used this? |
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Managing Prime
2305 Posts |
Posted - 07/13/2008 : 10:26:16 AM
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One of our clients started this thread. You can contact them.
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=228090
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bry7982
240 Posts |
Posted - 07/15/2008 : 4:39:14 PM
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quote:
Originally posted by hockeyguy
So anyone have comments that have used this?
If these folks are having the same Telemarketers dial for them that they had back when you could hire them by the hour I would stay away.
For them selling telemarketed leads they sure do have a hard time answering there own phones. They say the best way to get a hold of them is via instant messenger. Now, call me high maintenace, but if I give you money to do a job for me I expect you to answer the phone when I call... especially if there are problems and I sure had more than one.
The issues I had seemed to be a somewhat common theme from what I have seen. I hired them for four days worth of telemarketing. One of the days the telemarketer was having car trouble and then the following Saturday they had some family issue so they would have to reschedule for the next Weds or if I wanted a saturday like I requested it would take two weeks to get me in. These kind of mistakes can not happen consistantly when you have a staff counting on these leads- I had a guy coming in on his day off to follow up on these leads and they did not notify me until the morning of. The next issue I had was with them calling the correct data. I gave them two different types of data to call and they did not even touch the second list I gave them.
Do I think these guys ripped me? NO. Do I think they are criminals? NO. Do I think they are in over their heads and run there business sloppily? YES.
It was cheap and I got what I paid for. Nothing. I just do not see how they could have perfected their business model in this amount of time to be offering what they are here.
I'm not looking to get into a pissing match with anyone here, but just sharing my unfortunate experience for others to come to their own conclusion. |
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Managing Prime
2305 Posts |
Posted - 07/15/2008 : 8:29:24 PM
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Thank you for you candid summary of events Brian.
Brian made a number of points about our rent-a-telemarketer service that lead us to this pay-per-lead service. The main problem clients had was not being able to get a hold of us and that was because tons of clients and potential clients were trying to get a hold of us and we had production to manage as well.
It's really two different programs. The 4 shifts mentioned yielded 23 leads (that's every thing from "here's my contact info and basic loan info call me back later" to a full lead sheet with socials) as a cost of $280. What the assigned TM would actually deliver the LO is a bit of an unknown since it's the LO that provides the data and the law of averages is always in effect. That program required a good deal of customer service.
Our Pay-Per-Lead process is much more streamlined. We are engaged for an order and we agree on the filters to be applied. Then we order the data for the campaign and provision the employees. Leads are generated and we perform quality control to filter only for the leads that meets the clients criteria and send those leads to the client.
Compare that to:
Engaged for order.
Help client setup AIM Pro.
Help client setup Xlite.
Wait for data from client.
Loan data for client.
Make sure telemarketers are available for client.
Put client and telemarketers in touch with each other via AIM Pro.
Make sure that client has the Monitor link at the start of every shift.
...and that may have been going on for 12+ clients every day.
It was exhausting and while we did our best our customer service was crappy because we were pulled in to many directions. Now we charge more for the rent-a-telemarketer service to be able to provide the necessary customer service and we only work with processing clients that we already have established working relationships with.
Now it's simple. We agree to terms on qualified lead. Take payment. Send leads as agreed. The only customer service after the sale is handling credits for leads sent that do not match criteria (Knock on wood have not had to do that once) and that's even going to be automated now.
As far as ROI goes rent-a-telemarketer is the best product we have available, but it's not the best for us because of the work intensive nature of the program and it's not the best for program for the client or campaign the requires more attention than average.
Now that we don't have the customer service headaches we are free to focus on one thing and one thing only...generating as many of The Best Pay-Per-Leads on the market. |
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ncorning
174 Posts |
Posted - 07/15/2008 : 9:31:05 PM
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That was one of the best rebuttals I have read!
You get a star for your professionalism
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darkstar
15806 Posts |
Posted - 07/17/2008 : 1:22:26 PM
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| John, you have mail... |
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Managing Prime
2305 Posts |
Posted - 07/17/2008 : 1:25:33 PM
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quote:
Originally posted by darkstar
John, you have mail...
He is house hunting w/ the fiancee in NY. He might respond. lol |
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