A Decision Based on Ethics
Switching Companies
Nothing is more important to me than ethics, and character.
In light of this, I felt that it was necessary to find another company to align myself with. I was recently informed that there were some ethical problems within the company I represented (by upper management) and decided that changes were in order. I was not the only member of our team to make this decision. As a group, some of us recently made a switch.
We felt that helping homeowners save their homes was something we wanted to continue to do, and the members of upper management, with their many contacts, sought out the best possible companies in the marketplace, and after awhile we settled on a new home, which I believe offers superior service to our previous company as well as many other companies out there.
Here is a quick comparison...
Old Company:
- We helped save homes from foreclosure. (Loss Mitigation Services required the homeowner to be 2 months behind before we could help them).
- A hefty up-front-fee was required to join the company.
- Contract required of new consultants.
- The time frame required to help the homeowner...3-4 months and more. Some cases have lingered in excess of 6 months. The vast majority of cases were turned down even though they claimed otherwise..
- Company had fixed rate fees equaling about a 1 month mortgage payment. This didn't always offer a competitive advantage to our consultants as our fee could be much higher than those companies with a standard fixed rate fee, depending on the cost of living for certain cities/states.
New Company:
- We help save homes from foreclosure.
- We can modify the loan BEFORE they fall behind or perform loss mitigation services AFTER they are behind on payments.
- No up front fees required of agents/consultants to add our services to your current business platform.
- No contract required of new agents/consultants - we only sign a non-disclosure agreement.
- Time usually required to help homeowners...2-8 weeks with an average of 30-45 days once paperwork is turned in. (much shorter than 3-4 or more months of previous company).
- Our consultants/agents are each allowed to set their own profit margins. This allows us to be competitive when others may have a better price in certain regions of the country. If I choose to cut or completely drop my profit in order to help someone who desperately needs our help, I may choice to do so.
- The wholesale prices to consultants vary from company to company...we have some of the lowest in the industry...almost 50% lower than that from a competitor I recently talked with. If you charge just under your competitors, you profit margin will be much greater...or you can save the homeowner a lot of money while still keeping your profit margin in accordance to other companies. Savings to the homeowner could be greater that $500 - $1000! Faced with a choice, who do think they will choose? This offers a great competitive advantage in the marketplace.
- Many homeowners are loaded with credit card debt, which may be a huge factor in not being able to make house payments. We deal with debt settlement solutions and are now able to help many homeowners we couldn't help before because their unsecured debt was too high. By lowering their debt payments we can now qualify many homeowners for our services that we were not able to do with the old company. This offers us another great competitive advantage!
- For Senior Citizens (62+) who have adequate equity, yet live on a fixed income and now are facing foreclosure, we are able to stop foreclosures using Reverse Mortgages.
- If a home cannot be saved, and a short sale must now be considered, we may be able to help as we are assembling a team of short sale specialists across the company to help these homeowners. If you specialize in Short Sales....we need to know who you are! Please contact me immediately.
By moving to another company, we are now able to offer much better services to the homeowner, as well as better pricing. We also have one of the best turn-around times in the industry. A competitor asked me recently how we are able to do this in 30-45 days when other companies need 3 months or more. Sorry, but that is our secret...as it is our competitive advantage!
Our upper management team found what we believe to be one of the best if not the best company out there. We are grateful for their time and efforts in searching out the different companies so that we may provide the best service to homeowers in need. If any of you are struggling as a Realtor or Loan Officer in this market, you might want to consider adding this service to your business, it could really help you. In today's economy, it may be best to have more than one income stream! Since there isn't any investment required to add our services to your existing business, this may an ideal situation for you to consider. Just imagine how you will feel when you help someone save their home!
As a Professional in the Real Estate Industry...
- Would you like to help your clients save their home from foreclosure?
- Would you like to offer solutions where others only see problems?
- Would you like to differentiate yourself from your competition?
- Would you like to "Recession Proof" your business?
We have a team of experts who handle the dirty work of negotiating with the lenders, therefore this will not require a lot of time on your part. This is a great win-win scenario...we help homeowners keep their most valuable possession, and we get paid well to provide such a valulable service. Send me an email or call me and I'll be glad to put you in touch with our management team!
Please note: There will beupcoming changes to my Active Rain Pages!
Gregory Lohr
803-461-4210
SavingYourHome@gmail.com
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