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brandenloans
649 Posts |
 Posted - 07/24/2008 : 08:39:41 AM
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THURSDAY AND FRIDAY ONLY!!
Google and Yahoo generated loan modification leads! SUPER HIGH CLOSING PERCENTAGE!
ALL OF THESE CLIENTS ARE BEHIND ON THEIR MORTGAGE AND NEED A SOLUTION!
With todays slowing economy, we've decided to run a promotion to help people in our section of the industry to help some great load mod officers out.
Orders placed July 24th and July 25th will be only $5 PER LEAD WITH NO MINIMUM ORDER!!
This is your opportunity to not only get the best leads at the best price, but to try our leads out and get hooked on the results we produce.
Orders can be placed for this week or future dates as long as order is placed by end of business on Friday July 25th.
If you cannot close these leads, you need to close your doors!
Reply, email, or call direct! |
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downtime
228 Posts |
Posted - 07/25/2008 : 03:13:30 AM
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branden.
Exactly how does a mortgage broker make money off a loan modification? |
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brandenloans
649 Posts |
Posted - 07/25/2008 : 03:17:29 AM
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People that do loan modifications charge the client for the file in it's entirety. The AE on the deal usually pays an attorney or loss mitigation company to process the file, then they keep the difference.
Typical scenario:
-Borrower pays $1295 for loss mitigation
-Loss Mitigation consultaant collects $1295
-LM Consultant pays $295 fee to broker/processor
-Consultant ends with profit of $1000
Hope this answers your question, if not, feel free to ask any additional questions. |
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downtime
228 Posts |
Posted - 07/25/2008 : 7:06:03 PM
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Hi branden.
Not to be a pain, but what stops a homeowner from taking your advise and then run off to work directly with the lender ? |
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brandenloans
649 Posts |
Posted - 07/25/2008 : 7:14:30 PM
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quote:
Originally posted by downtime
Hi branden.
Not to be a pain, but what stops a homeowner from taking your advise and then run off to work directly with the lender ?
I don't work directly with the clients, I am just selling leads.
Loss mitigation consultants usually don't offer "advice" per say, they help the client put together a package and present it to the lender for a fee, varying on each loss mitigation company/consultant.
Some of the stuff can be done by the client, but it's just like filing bankruptcy, it can be done without a lawyer, but for some people, it's just easier to let someone handle it that knows how it all works, to get the best result.
Our leads are people that searched on Google or Yahoo for information on saving their home, then they fill out a form requesting for someone to call them help save their home. From there, its up to the salesperson or loss mitigation consultant on where the deal goes.
Hope this helps, thanks for the question. |
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downtime
228 Posts |
Posted - 07/26/2008 : 12:59:31 AM
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| Thanks Branden |
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