How to find Solid Legitimate Loan Modification leads

 or not?

With foreclosure rates at a record high, many mortgage companies, real estate agents, and Attorneys have turned their attention to the foreclosure market. With that being said, many more lead companies have also done the same. The problem at hand is many of these lead companies say they have "exclusive leads' but come to find out when you call the client, they have been contacted more than once by other companies. This is because many of these scammers sell old data or reused leads and make profit over and over on one single lead.A lot of times these lead companies are only in it to get 1 order out of you and move on to the next victim. 

How to find solid legitimate loan modification leads can be a task at hand. It is extremely hard to determine who are the legits and who are the scammers. Below are some good ways to investigate a company's diligence.

• One thing you can do is have them show you where they get their leads from. Also, they should have some kind of notation on their lead capture site letting homeowners know that their information will only be sold to accredited businesses. This will prove to you that this lead company is not just in it to make a quick buck, but to provide your client with a good reputable company (which is you) and for you to be happy with the quality of the lead so that you will be a return customer. 

• You can also go to google and see if anyone is complaining about the company and/or it's leads. A great site to check this out is www.ripoffreport.com. 

• You can also ask for references or testimonials. Most companies do not want to be constantly contacted and asked if the leads were successful. Testimonials will probably be your best bet.

• Also beware of the companies out there who charge monthly fees for inactivity, have lead purchase quotas, or exorbitant deposit minimums. These are ways to continually make money off of you.

Below is a list of different types of leads being sold and the definition.

• Exclusive leads- We have taken a new spin to the Exclusive Lead business. Most sites out there deliver leads based on filters you set, and charge extra for these filters. Most sites cater to the big spenders in the mortgage business, you may find your closing ratios have diminished as you are delivered the crust of he lead pie. This is done intentionally to keep the big spenders spending. We believe every broker should be created equally, first come, first serve. Every lead that is submitted is available to every broker whether their budget is 1 Million or $400. Its all about timing. With us, you are GUARANTEED a fair shake.

   

Here is an exclusive lead sample:

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FirstName:          Tracy

LastName:           Libby

Address1:           P.O. Box 123

Address2:          

City:               Gray

State:              ME

Zip:                04039

Phone:              (207)555-2492

Alternate Phone:    ()-

Email:              tracyrodgerssss@hotmail.com

BestTimeToCall:     Right Now

GrossMonthlyIncome: 101000.00

Lender:             Bank of America

Property_Type:      Owner Occupied

Loan_Type:          Fixed

Current_Rate:       8.75%

Est Value:          270000.00

LoanBalance:        254000.00

Payment:            2074.00

LoanStatus:         past due

Date:               07/27/09

Time:               09:36:51

Comments:

our debt/ratio is high making us in need of a lowered home payment.

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• Semi-Exclusive leads- These leads are also real time organic leads. The difference is this lead may be sold up to 3 times. So you will be competing with other companies. You may want to negotiate with your client and offer they best price possible with them to beat your competitors. Also, hardcore proof of your legitimacy will help you make that sale.

• 30 day old leads- These leads are usually a little less expensive than the semi's. This lead should not be sold more than 3 times in total but have been in the database for up to 30 days. 

Here is a chart that will show you the prices and break downs of the leads I can offer you. This should give you a better idea.

* Our lead management system delivers leads instantly when they are purchased by our brokers. We are one of the few lead companies out there that DO NOT charge monthly fees for inactivity, have lead purchase quotas, or exorbitant deposit minimums.

* HIGHER CLOSING RATIOS- With our security precautions and fairness in lead distribution you should easily find your closing ratios in the 10-15% to 20% based on your sales techniques. Although we don't guarantee performance you can be rest assured that we have provisions in place to increase your ROI on every lead. Sometimes leads that pass through are system are bogus, we offer a full 100% refund (In Store Credit) for exclusive leads that have non working phone numbers or the customer does not exist at the phone number specified. For non exclusive leads you may request a refund (In Store Credit) within 5 days of your purchase if a lead has a non working phone numbers or the customer does not exist at the phone number specified

*LEAD SECURITY - When purchasing a lead from our site you may see the system asks for login information to enter specific area of the site. Albeit a minor nuisance, this is how we stop URL manipulators and hackers from stealing leads. How many times have you purchased exclusive leads at other lead websites to find out the client has already spoke to 5 or more brokers? How can this be? Quite simple, brokers are involved in lead theft, most sites owners do not care as long as they get their money from buyers. We have mechanisms in place to prevent lead theft, this equates to a more valuable lead and higher closing ratios!*

* We do not sell leads to scam artists. There may be a 24-48 hour delay for your account to become active. We will investigate your company to make sure you are credible before excepting any payment. It is important that we provide homeowners in distress the best options for them. We have a good reputation and want to keep it that way.*

* If you are interested in some other type of lead such as, home refinance, debt settlement, home purchase, home equity, feel free to contact me concerning prices.*