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firststarmedia
22 Posts |
 Posted - 10/21/2009 : 09:20:50 AM
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Become a LAW FIRM REFERAL center
Now accepting applications and bringing on qualified referal center branches under a nationally networked LAW FIRM. Qualified loan modification enrollment offices will be able to stay far ahead of the many compliance issues you are being faced with right now; as well as bringing a very high level of credibility to the homeowner.
Fast Approvals
We are currently issuing loan modification pre approvals within 1 hour and many applications are being are being pre approved on the spot.
Very high level of client and enrollment office support
All client payments are run and labeled by our LAW FIRM on the clients bank account.
Clients have the highest level of customer service in the loan modification industry today, to include a welcome call and email within a few hours of intake; as well as constant communication and status updates. Enrollment offices will have complete back end customer service and mitigation support, as well as access to our fully automated web-based application and qualification systems; allowing you to take an application anywhere.
Leads Provided
Exclusive leads available from a wealth of sources, including exclusive live inbound calls from our nationally campaigned Television commercials and vast internet campaigns. Leads are tried and proven to close at 15%-20%
Extra Revenue to your office...Debt Settlement under the same roof
Our back office will also give you the ability to offer "Debt Settlement" to your modification clients. Our own retail division is seeing that near 50% of our loan modification clients are in need of debt settlement. If you are not offering it currently; you are leaving profits on the table as these homeowners will likely use a debt settlement program with another firm.
Your office keeps the lions share of the profits
For more information, please call... |
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MLCS
20 Posts |
Posted - 10/21/2009 : 1:35:09 PM
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| Law firms can't pay marketing fees. It is illegal |
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firststarmedia
22 Posts |
Posted - 10/22/2009 : 07:38:46 AM
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Thank you for your interest... However, opening an enrollment center that is considered an extension of our firm does not violate any local, state bar or federal regs. All employees of our enrollment centers are contracted "employees" of the law firm, whereas our marketing budget is not being paid to any "outside" source.
Regards, |
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velecico
5309 Posts |
Posted - 10/23/2009 : 06:09:52 AM
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How much would the branch keep on a typical $2500 fee ?
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firststarmedia
22 Posts |
Posted - 10/23/2009 : 10:04:19 AM
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Most of our offices are on a 60/40 split...however if you are a higher volume office it may be open to negotiations. The debt settlement add-on is also aggressively priced with a 70/30 split with branch set fees up to 12%.
***Full back end LAW FIRM customer service
***Agressive negotiators
***Web based; real time approvals
***Weekly Pay outs
***Clients contract with a LAW FIRM, and sees billing as such
***Debt settlement under the same roof, adding profit margins to 30-50% of your clients
***Live TV ad calls and Internet leads available |
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velecico
5309 Posts |
Posted - 10/24/2009 : 06:53:05 AM
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The law firm gets 40% and I would get 60% ? that sounds pretty good , how fast do I get the 60% , all at once or upon mod completion ? |
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Loan Pro
549 Posts |
Posted - 10/24/2009 : 1:15:27 PM
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FirstStarMedia
But you still run into the problem of fee splitting with an employee thats a non attorney. Regardless if they are a direct employee of the law firm or an outside marketing firm for the law firm attorneys still can not split legal fees with an non attorney.
quote:
Originally posted by firststarmedia
Thank you for your interest... However, opening an enrollment center that is considered an extension of our firm does not violate any local, state bar or federal regs. All employees of our enrollment centers are contracted "employees" of the law firm, whereas our marketing budget is not being paid to any "outside" source.
Regards,
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firststarmedia
22 Posts |
Posted - 10/26/2009 : 07:51:58 AM
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| With regards to the time frame of payouts....The law firm pays out affiliate offices every Friday for all revenue collected the week before. We will allow the affiliate offices to structure their own fee schedule for the homeowner. As an example our retail division has a set fee of $1995; which we will allow the homeowner to pay a $500 retainer fee and spread the remaining balance over 3-4 payments. |
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Loan Pro
549 Posts |
Posted - 10/29/2009 : 01:05:05 AM
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FirstStarMedia
??? quote:
Originally posted by Loan Pro
FirstStarMedia
But you still run into the problem of fee splitting with an employee thats a non attorney. Regardless if they are a direct employee of the law firm or an outside marketing firm for the law firm attorneys still can not split legal fees with an non attorney.
quote:
Originally posted by firststarmedia
Thank you for your interest... However, opening an enrollment center that is considered an extension of our firm does not violate any local, state bar or federal regs. All employees of our enrollment centers are contracted "employees" of the law firm, whereas our marketing budget is not being paid to any "outside" source.
Regards,
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firststarmedia
22 Posts |
Posted - 10/29/2009 : 3:11:35 PM
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The attorney does not agree with your statement and we will pay out our affiliate offices as described. We are also aware of all of the local, federal, and state bar guidelines as it relates to this issue; and will continue to operate within full compliance.
Regards,
quote:
Originally posted by Loan Pro
FirstStarMedia
??? quote:
Originally posted by Loan Pro
FirstStarMedia
But you still run into the problem of fee splitting with an employee thats a non attorney. Regardless if they are a direct employee of the law firm or an outside marketing firm for the law firm attorneys still can not split legal fees with an non attorney.
quote:
Originally posted by firststarmedia
Thank you for your interest... However, opening an enrollment center that is considered an extension of our firm does not violate any local, state bar or federal regs. All employees of our enrollment centers are contracted "employees" of the law firm, whereas our marketing budget is not being paid to any "outside" source.
Regards,
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