Why Some Loan Officers
Almost Never Have a Bad Day at Work?
An average loan officer
in an average mortgage company decided to close at least one loan per
week guaranteed. To buy or not to buy
mortgage leads?
What matters most when purchasing mortgage leads is Return On Investment
(ROI). Prior to visiting our Web site the officer deciding to invest
in "at least one closing per week" had only two reasonable
choices of leads:
- 10 fresh leads on average price of $20 per lead, or,
- 50 bulk (not trash) leads from lead brokers on average price $4 per
lead;
What to choose - it depends. In both cases weekly prospecting costs
are $200.
If the leads are OK, in a week we will see applications
coming. How many? From what we have seen this number usually is one-two.
How many will close? We think half (1/2-1). Some mortgage lead companies
claim you will close 2 - 3 but we recommend going with the lower numbers.
First of all, as we see, 10 fresh or 50 good bulk
leads per week is probably enough to close one loan per week. To calculate
ROI we take an average loan amount as $150,000 and the officer's average
personal net commission as 0.7% of the loan amount. In other words our
average loan officer adds from $500 to $1000 to his weekly paycheck.
Additional profit is $300-$800/week. ROI is 250%-500%.
Good Investment - No more Bad Days at Work!
First of all, cut your expenses. Don't
buy junk leads and don't overpay for exclusive leads.
We do not sell leads more than five times, and, in reality, as you can
see in our Trade System , average lead is sold 0-2
times only. Get Cherry-pick Leads
for a price of bulk! Your can buy up to 50 Good leads
just for $100. Extra savings of $100 You can spend in many ways. Probably
You'll decide to buy a couple of fresh exclusive leads for $25/lead
and 5 unsold one-week-old leads for $10/lead. We know from what we have
seen, that the number of weekly closed loans should be At
Least Two-Three now! An average loan officer will be
able to earn extra $1,000 to $2,000 weekly. Even pessimistic additional
weekly profit estimation is $800-$1800 with 500%-1000% ROI.
You
Don't Need a Huge Budget to Double and Triple the Number of Loans You
Close Every Week
