New Company LRI & CDI
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!
;)
;)
I am all for standing up for what is right. Best of luck. Sounds like you are on the right path.