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Mkscope provides Loan Modifications leads and Loss Mitigation Leads of existing homeowners who are facing hardships with their finances and are late in their loan payments.It is still a open market and a lot of brokers who have seen decline in their origination business are considering loan modification programs as a alternate solution.Mkscope also provides free consulting for mortgage brokers and loan modification companies as to how to design a web user interface of their existing websites for loan modification leads generation.Once the brokers sign up with us ,Mkscope also sends 5 free direct mailers templates for loan modification direct marketing.
How do we deliver the leads?
We send Loan Modification leads either through email or as Live Transfers.All leads are double verified by our inhouse quality assurance department before being sent out.We generate our leads through search engines,pay per click advertsing ,direct mailers,banner ads and telemarketing.
Why choose us?
We offer -:
How to proceed ?
Download Order Form or fill up the enquiry form below and a executive would get back to you in 12 hours.You can also call 323-372-2912.
Loan modification leads can either be bought from telemarketing companies ,internet lead companies or wholesale lead aggregators.If you want a personalized tough given to the borrower before you call them up telemarketing would be the most effective way.If you are buying in large volume its always better to go to a lead aggregator.
Parameters to choose before buying?
Existing Balance on the mortgage
Current Lender type ( subprime or alt-a specialists)
Current debt to income ratio .
Months behind payments
How many companies have access to same leads
What is the lead freshness ratio.
Selling Tips For Loan Modification Programs
Before you start consulting borrowers on loan modification packages ,register yourself with one of the better loan modification training programs.They are normally for 72 to 96 hours and are not very costly.
Do a lot of homework in terms of figures and current property estimates before you contact any borrower.
After you have contacted the prospect -:
Emphasis on expert guidance
Win Trust of borrowers
Explain Benefits of Loan modification program
Make the Data validation and qualification program hassle free and streamlined.
Conduct loan modification seminars
Start sending e-newsletter to previous clients and refferals.
Build up a Loan Modification Lead pipeline by either buying leads or self generation methods.
Best Practices for Loan Modification program
The Key Elements to consider before you buy loan modification leads from us.Be prepared for launching/boosting your Loan Modification business .
Loan Modification Agreements—What types of Agreements best fit your borrowers?Check freedie mac website or your state's governing law (Department of Real Estate website in CA).Also check non-profit organization as Hope.
Package content—What should your loan modification package include?
Introduction Package-explaining terms ,conditions and cost associated with the loan modification process.
A Client(borrower) authorization letter form
Homeowner's current month's mortgage coupons
Any other correspondence sent to homeowner by lender
Homeowners payment information
State, federal regulations and investor requirements—Is the lenderspackage compliant with all three? Be sure that the homeowner hasnt received any NOD (notice of default) till now.
Rapid Implementation—How quickly can you implement a comprehensive and flexible program? Normally a Loan Modification Transaction takes 8-10 working days.Try to expediate the process wherever possible.We normally suggest our clients buying loan modification leads from us to follow the 4-stage process flow.
Initial Contact - Either has a Live Transfer Loan Modification Leads or a realtime loss mitigation leads. Maximum Time (1 day)
Confirmation - This stage would normally take you upto 2 days for gaining a confirmation from homeowner regarding loan modification program.
Have your legal team or your loan modification company legal team to validate property and other financial data.(3 days)
Expediate the file qualification with the lender.(max 4 days)
Remember this is a single transaction and get you lots of profits if done properly.
Record all documents electronically if necessay - You have a lot of software avalaible for same in the market currently.Ask your loan modification company if they are any.
Sample Loan Modification Leads
Homeowner Name |
John Jackson |
Address |
123 rave drive |
City,State,Zip |
los angeles,CA,91701 |
Primary Tel |
3234124532 |
Alt Tel |
7142314511 |
Email id |
loanmodificationleads @gmail.com
|
Prop Value |
430000 |
Mort Balance |
320000 |
Interest Rate |
9% ARM |
Monthly Payments |
2100 |
Monthly income |
4400 |
Months behind |
2 months |
Lender |
hsbc |
Comments |
I want loan modification and lower payments |
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