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Mortgage Leads Proceed With Caution



I


f you are a loan officer        Speak with someone in the         
or mortgage broker, you         customer service department of    
have more than likely dealt     the lead company you are          
with mortgage lead companies in       considering. Find out where and   
the past.                             how they obtain their leads. If   
                                      they do not use their own web     
If you are one of the ones that       sites to obtain their leads, than 
have invested money in lead           move onto the next company.       
companies in the past, than you                                         
fall into one of two categories.      If they are not using their own   
                                      sites, than most likely they are  
Those that have lost money to         buying them from a third party,   
lead companies, and those that        and selling them second hand. So  
are going to loose money to lead      you can be sure that they have    
companies.                            passed through the hands of many  
                                      other loan officers.              
Loan officers have every reason                                         
to be skeptical of lead               Find out how they sell the lead   
companies. However, if you are        and how it is delivered. Is it    
considering taking a shot with a      sold exclusively, or non          
mortgage lead company, here are a     exclusively? Can you cherry pick  
few things to keep in mind.           the lead, or is it a real time,   
                                      streamline process? Either way    
For starters, take your time, and     works. It just depends on your    
do as much research as you can.       style, preference, and most       
Remember, you work hard for your      important, your time.             
money, so make sure those hard                                          
earned dollars will result in a       In the end, it is the quality of  
return on your investment.            the lead that makes the           
                                      difference. It just may be worth  



your while to spend a few extra       the quality of the service you    
bucks on a lead to ensure you are     receive, can be a good indicator  
getting good quality.                 of the quality of the lead you    
                                      receive.                          
Also, keep in mind, when speaking     

                              
with someone in customer service,     






About the Author:

Jay Conners has more than fifteen years of experience in the banking and Mortgage Industry, He is the owner of http://www.jconners.com, a mortgage resource site, he is also the owner of http://www.callprospect.com, a mortgage lead company.

Source: www.isnare.com


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