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Boulderco
1775 Posts |
 Posted - 08/24/2008 : 12:44:38 PM
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| It sure comes off like one. That, or Amway, despite the vigorous objections from the hounding sales reps that, no, they are not a multi-level-marketing racket. My experience with most things that someone tries to sell me, is that if I say "No, not for me", they don't come back the next day and try to sell it to me again. But not with United First. Now I'm being badgered with a flimsy attempt to guilt me into offering this great hope to my customers. I "owe" it to them to "help" them, by taking on a second job selling them this $3,500 web based software, or, even worse, turning my database over to this guy so he can pressure them to buy it. Anyone else experiencing the pleasure? |
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808
4508 Posts |
Posted - 08/24/2008 : 12:57:39 PM
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I think the markets current distaste for 2nds has temporarily derailed and imploded their market.
They are an irritating bunch of Kool Aid drinkers though. We had to ban them from our investors meetings they were becoming so shameless and repulsive pains in the a55es. You'd have 5 people in a row get up to pitch their $3,500 BS. It got so bad you were actually glad when the pre paid legal guy/girl (who were the prevoius shameless repulsive pain in the a55e5) got up and spoke.
I use to have this one Realtor I deal with constantly talking up mortgage accelerator to me and trying to get his hands on my borrower database, but lately he hasn't said a word, nor sent an email recently on the subject. |
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Boulderco
1775 Posts |
Posted - 08/25/2008 : 12:23:18 PM
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| Any one else? |
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jamest0623
128 Posts |
Posted - 08/25/2008 : 12:40:51 PM
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My company sells it much cheaper and never pounds us to sell it. If the client wants the software, we offer it, but in no way are we required to sell it. Maybe you should look into changing companies?
James |
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Boulderco
1775 Posts |
Posted - 08/25/2008 : 12:50:05 PM
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| James - Are you selling the MMA by United First? |
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jamest0623
128 Posts |
Posted - 08/25/2008 : 12:56:23 PM
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| No the program name is HOA (homeowner accelerator) I assume its the same thing. I don't really sell it but I can offer to a client if they wanted it. Not sure if I am really sold on the product. |
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Boulderco
1775 Posts |
Posted - 08/25/2008 : 12:58:54 PM
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| How much is yours? I've pointed out that there are less expensive ones, and the pat reply is "yeah, you get some Excel spread sheets and a book" which irritates me to no end. |
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jamest0623
128 Posts |
Posted - 08/25/2008 : 1:13:38 PM
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| I believe between $2200-2500 and its not "some excel spreadsheet" I have seen the product just haven't really sold it. Do you like the product? |
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CoralSnake
12474 Posts |
Posted - 08/25/2008 : 1:25:41 PM
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quote:
Originally posted by Boulderco
How much is yours? I've pointed out that there are less expensive ones, and the pat reply is "yeah, you get some Excel spread sheets and a book" which irritates me to no end.
Of course, nothing is as good as a $3500 login to a website.
That is obviously unique and no other company can ever create a similar, cheaper program. |
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mgraham224
1008 Posts |
Posted - 08/25/2008 : 2:23:38 PM
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Having authored my own MA presentation and my own calculator, and having educated clients with zero knowledge on the topic who have never worked in finance before, I'm constantly astounded to see how many of them show up a month, a year, etc.. later telling me I should try a Money Merge Account or offer it to my clients. The zealotry is eye-wateringly hilarious! It's like their eyes are glazed over and they are as single minded in their quest for assimilation as The Borg.
Ri-godamn-diculous! |
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neversaynever
1049 Posts |
Posted - 08/25/2008 : 2:29:35 PM
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quote:
I believe between $2200-2500 and its not "some excel spreadsheet
I'll sell you an excell spreadsheet for $2,199 ! In fact I'll even throw in a powerpoint presentation, and one of those Free Lesson on Ebay from the "Video Professor"!
DEAL or No Deal???
Oh Wait there's MORE!
For the next 20 million years only, I will also throw in a uniquely colored wash rag. Its some really funky purple color, trust me your kids will love it. |
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jamest0623
128 Posts |
Posted - 08/25/2008 : 2:33:19 PM
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| I'm sold |
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kmikkola
924 Posts |
Posted - 08/25/2008 : 2:42:54 PM
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| I need to know the value of the wash rag before I order.... |
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Boulderco
1775 Posts |
Posted - 08/25/2008 : 4:52:13 PM
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| The $64,000 question is this: What percentage of United First reps actually own the product? The ones I know, haven't written the check. |
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assassin17
7838 Posts |
Posted - 08/25/2008 : 7:12:08 PM
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| They haven't bothered me since I remembered how to cuss extremely loudly. |
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stanshaw
41 Posts |
Posted - 08/25/2008 : 8:01:39 PM
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OK here is the straight scoop on the MMA and U1st
The program works and has awritten money back guarantee as reported in personal investor mag where they did an indepentent study of the programs available.
The program originaly required a heloc but has been modified recently to work with a credt card, savings acount , and checking account.
as well as no longer requirng the client to own a home or have good credit.
There are other programs out there but, as personal investor reported. This is the on one that works best.
I was approached to sell the program and felt that i needed to "write the check my self and make sure it works before i recomended it . I did and it works.
The HOA program is the CMG progam and requires the entire note be refied into a heloc. The mma does nor require any refinancing.
Some of the agents are pretty agrivating and fanatical but i have met some pretty cool ones. Should you check the program out, eah up to you.
But do you want to get the call from your long term client asking you why you didnt tell them the program existed and let them choose if they want to do it?
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Mandyvilla
6395 Posts |
Posted - 08/25/2008 : 8:39:28 PM
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I know a bunch of agents that burned their customers w/ Option Arms. The same agents went back to the same customers and sold them MMA's. The HELOCs were frozen after large payments had been made to pay down the balance from their payroll, yet their checks for bills (and the mortgage) bounced.
Unbelievable. I don't know who is the worse of the two, the customer for falling 2x or the agent for selling the buyer twice.
Geez. |
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caliloanguy
58 Posts |
Posted - 08/25/2008 : 9:50:26 PM
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In my opinion, United First Financial's Money Merge Account product concept is merely a shared revenue tool licensed by UFF to salesmen in order to generate profits to UFF and commissions to the salesman. The UFF product is ineffective and does not look out for the clients best interest. If you want to reduce the balance on your mortgage or pay it off early, simply apply a larger payment to your mortgage.
If you want to learn more about Accelerated Mortgage Repayment programs, go visit my friend Jack:
http://www.mtgprofessor.com/A%20-%20Early%20Payoff/the_good_fairy_of_rapid_mortgage_payoff_is_back.htm |
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hpmfinancial
1991 Posts |
Posted - 08/25/2008 : 10:26:57 PM
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| MMA= HUGE HUGE HUGE SCAM |
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Boulderco
1775 Posts |
Posted - 08/26/2008 : 11:19:29 AM
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| Stanshaw - It doesn't require you to own a home, huh? Uh, okay, why would you buy it if you don't own a home? The other question is, can you tell me about the written money back guarantee? I was told there is no money back guarantee. |
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millapps
113 Posts |
Posted - 08/27/2008 : 06:21:52 AM
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| Why would anybody buy this? Anybody could do this on their own without a linked HELOC or MMA account. Just put all of your extra money each month toward the principle of the mortgage. Everybody who can't understand, please send me $3,500 now for revealing this secret. |
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808
4508 Posts |
Posted - 08/27/2008 : 08:33:10 AM
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>>>> originally requred a HELOC, good credit & a home, now requires none of these and will work with a credit card, checking or savings acct <<<<<
Sounds like their just in it for the $3,500 and could give a hoot if it benefits the borrower or not. Kind of like predatory lending marketed to dense people w big dreams and limited means. These new modifications by MMA & U1st have the ring of a desperate crack head looking for $10 so he/she can buy their next rock.
I agree w the above posters who say pay more each month. That way you can do it on your schedule and you can kick off the campaign of paying it off early on your own by sending an extra $3,500 w your next mortgage pymt. |
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Boulderco
1775 Posts |
Posted - 08/27/2008 : 2:25:14 PM
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| I still haven't gotten the details about the money back guarantee. I was told there isn't one, which surprised me because this is the greatest thing to come along, and when it's the best, you can offer a money back guarantee. So, Stanshaw, please tell me the details of the money back guarantee. |
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jamest0623
128 Posts |
Posted - 08/27/2008 : 2:30:54 PM
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| why waste your time....product *****....who gives a ****? |
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Boulderco
1775 Posts |
Posted - 08/27/2008 : 4:12:05 PM
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quote:
Originally posted by jamest0623
why waste your time....product *****....who gives a ****?
I give a sh1t. I get badgered about it, and I think the sales approach utilizes too much puffery, and outright dishonesty at times. So, I asked the earlier poster to give me some details about the money back guarantee. I still haven't heard them. If it's truly a money back guarantee, without catches that make it difficult to get, then I will stand corrected and give the product it's due. |
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