Last month the Obama administration announced a new refinance solution that intended to help borrowers that had negative home equity and were unable to refinance their home. The federal government announced these new changes that aimed to simplify the refinance process for distressed borrowers who owe more on their home loans than their houses are worth. Millions of homeowner have been unable to meet the standards of a refinance loan set forth by conventional lenders so the revised government initiative will hopefully provide some much-needed payment relief to struggling consumers nationally.

There are several criteria that must be met to qualify for the updated Home Affordable Refinance Program, though. For instance, your current loan-to-value ratio must be greater than 80%. The new HARP program has no loan to value restrictions so more underwater homeowners have a new opportunity to refinance their mortgage.

The Lead Planet announced they were generating HARP leads and this is a good indication that the lenders are seeking underwater mortgage leads. We will be working with several lead generators in addition to the Lead Planet in an effort to improve mortgage marketing leads for lending sources across the country.

The changes to HARP mortgage program are intended to help homeowners who are current on their loans but have been unable to take advantage of historically low interest rates by refinancing because they are “underwater” on their mortgages.

 

Lead Planet announced today a new promotion that includes free home loan leads for new accounts.  As of Oct. 25, the San Diego based mortgage marketing company is offering 50 free purchase leads with all 100 lead orders from new clients.  The Lead Planet specializes in internet mortgage leads that they generate from their 250 site network online.   The  “50 free lead program” is available for a limited time until November 15^th, 2010.  Consider their mortgage marketing options like custome websites, SEO and custom lead generation campaigns. 

Conforming Leads FHA Mortgage Leads VA Leads Refinance Leads Debt Relief Leads Loan Mod Leads Home Purchase Leads

 

To learn more about the free lead incentives, call 888-271-9581.

 

The Lead Planet announced several new lead generation initiatives for loan companies looking to increase their local market-share by purchasing high quality internet mortgage leads.  Companies like The Lending Tree and Lead Planet have extended new internet mortgage marketing strategies that are worth considering. The Mortgage Lead Vault is an internet mortgage lead company that offers a wide range of lead types such as:

Conventional Refinance Leads FHA Mortgage Leads VA Loan Leads New Home Buying Leads Jumbo Mortgage Leads Loan Modification Leads Underwater Refinance Leads Foreclosure Relief Leads Debt Settlement Leads

Get started with an internet mortgage marketing program today that meets your budget and helps your business grow!

 

Brokers need to increase their business through increased sides.  Mortgage lenders and brokers should bolster their mortgage marketing and empower their loan officers with capabilities that enable them to initially impress prospects and nurture relationships with their borrowers.  

Internet mortgage marketing can help establish sustainable value to a prospect that is internet savvy. Generating warm leads online can be a very cost-effective approach to marketing and lead generation.  According to internet marketing guru, Mario Urutia, “Companies like the Lead Planet and Core Logic understand how to prospect and connect consumers with finance professionals seamlessly.”

CoreLogic announced AgentAchieve’s CRM for lead management, website management and listing Notifications allow lenders and brokers to generate, capture, convert and close more real estate and mortgage leads, yielding greater profitability for their business.

• AgentAchieve provides an easy-to-use, single entry-point for contact management, client marketing plans, and automated listing notifications
• AgentAchieve’s unique automation methods mean your agents will appear constantly in touch with their clients.
• Utilize advanced property data to gain insight into consumer behavior and attract consumers to your websites.

 

Show me a loan shop that doesn’t want better mortgage leads and I’ll show you a company that is not going to make it in this competitive market. Most of you have heard how important social media marketing is to your mortgage marketing strategy, but many of you are not sure why…or even how to get started. If you’re ready to improve your reputation online and increase the conversion rate on the internet mortgage leads let’s get started.

Drive Better Mortgage Leads with Social Media Networks

Do you want to integrate Facebook into your mortgage marketing plan? Now you can learn how to expand mortgage lead generation with a business Facebook page. You’ll be ready to set up your own page and will have plenty of ideas to hit the ground running to use it effectively!

You’ll also learn how to approach building a fan base and find out the facts that you need to know in order to make wise decisions about how to integrate your Facebook page into your marketing communications strategy.

Search engine optimization, reputation management and Facebook can work together positively to maximize your exposure online.  Believe it or not, Facebook, YouTube and even Twitter have their place in your mortgage marketing campaigns. Take advantage of today’s technology and add social media to your marketing plan for 2011.

Mortgage Marketing Objectives:

• Find out why Facebook should be part of your marketing strategy
• Understanding the concept inbound social media marketing, as well as its power and benefits
• How to create a Facebook page for your mortgage company
• Establishing appropriate settings and applications
• Building and managing your fans
• Do’s and don’ts of using your business Facebook page effectively

For more details, contact the Lead Planet or visit the Mortgage Training Center online.

 

Over the last twenty years mortgage broker leads have shifted from direct mail to internet mortgage marketing.  In 2010, U.S. Consumers are more likely to go online to search for mortgage brokers to help them get the best rate for refinancing or home buying.  If you would have told me that in 1995, when I started originated that people would prefer to go online to apply for a home loan I would have fell out of my chair laughing.  Back then, direct mail consistenly delivered quality mortgage leads, but a few years later everything changed with the advent of the internet.  Now consumers go online 24 hours a day and apply for a mortgage at their convience.  At the same time, loan professionals can now get internet mortgage leads 24 hours a day. 

We offer a wide range of live mortgage leads nationally.  Mortgage brokers can choose from the following types:

• FHA Leads
• VA Leads
• Streamline Leads
• Purchase Leads
• Refinance Leads
• Home Equity Leads

MLV is a mortgage lead provider that generated loan leads online for thousands of brokers and lenders every day.

 

Business.com published a helpful report on lead generation. The marketing article is an indepth step by step on how to generate more mortgage leads. Once again, this report goes beyond mortgage lead generation in an effort to increase sales and conversions ratios.  

The focus is to implement a process of cultivating quality mortgage leads online that meet your lending niches.  The report breaks down several strategies recommended to deliver more relevant leads to your sales team.  For a limited time, Business.com, invites you to the B2B Marketing Summit 2010. 

Tips on Generating Leads Online

• How to convert 11% more home loan leads in the first 24 hours of the loan shopping process.
• How to uncover new opportunities within your mortgage lead generation campaigns with “mortgage turn-down” leads

 

Most banklers and loan officers will won’t be shy about telling you that working California mortgage leads is more challenging then it has been it past years.  Nationwide reported that San Diego mortgage rates were lower for VA and FHA loans.  The Lead Planet, a San Diego based mortgage lead generation company indicated last week that the volume for California mortgage leads was up 20% in July.  The mortgage lead generator also reported that California mortgage refinance leads were up nearly 13% from the previous month and that California purchase leads were up over 8% from the previous month totals.  Over the last ten years, California refinance leads have been the most popular lead requested by loan companies in all 50 states.  by Many brokers have been resistant to work with California purchase leads in the past, but mortgage refinance leads are so difficult to qualify for that lending companies are becoming much more open minded to work with new home buyers. 

The Mortgage Lead Vault offers a wide variety of loan leads in all 50 states.  Presently our inventory of California mortgage leads is the highest in the nation.  We also have a high volume of Virginia, Florida and Texas mortgage leads.  Loan companies can select from same-day, live mortgage leads.  We also offer aged mortgage leads and loan modification leads for companies looking for a fresh mortgage marketing strategy. 

Choose the following California Mortgage Lead Filters >  California Refinance Leads>  Purchase Leads in California >  California Jumbo Leads >  FHA Leads in California >  California VA Leads >  California Loan Mod Leads

 

Mortgage lenders and brokers have had a difficult time working California leads because so many homeowners are under-water.  Top loan originator Beau Hollingsworth who works for iServe Lending, a direct mortgage lender who is headquarters reside in San Diego California, said, “I have been originating home loans in California for over a decade now and I have never seen so many good borrowers under-water with their mortgage.”  Hollingsworth continued, “We have access to government programs like the Home Affordable Refinance Program, but so many homeowners do not meet all of Fannie Mae or Freddie Mac’s guidelines.”  The experienced mortgage executive said that she likes working with California mortgage leads, because she really feels for the West Coast borrowers and she well-versed on the state real estate laws, in addition to the licensing she has obtained. 

Rumor has it that HUD is rolling out the FHA short refinance program nationally and this may really help loan companies originating in California because so many loan applicants are coming up short on home value that is preventing them from qualifying for traditional home refinance programs.

 

Lead Planet published their monthly mortgage lead survey yesterday.  The mortgage lead generation report surveys a wide range of mortgage websites across the United States and measures the volume of mortgage leads monthly.  According to the mortgage marketing company, mortgage leads rose almost 2% on a seasonally adjusted basis from one month prior.  This report is important to lenders and banks who want help buying mortgage leads and forecasting their monthly marketing budgets

Mortgage refinance lead volumes increased 1.9 % from the previous month.  According to MBA, home refinancing maintains a 78% of the market-share measuring the total applications (purchase and refinance).

Home purchase leads rose nearly 1.4% from one month earlier.  This was the 3^rd straight month that mortgage refinance leads rose.  While this was the 1^st month in the last 3 months that the purchase lead volume rose.  According to a Lead Planet spokesman, “New homebuyers have been a bit tentative since the homebuyer tax credit expired on April 30^th.

The Mortgage Lead Vault offers a wide variety of mortgage loan leads. Loan companies can choose from  conventional, jumbo VA and FHA mortgage leads. We also offer debt settlement and loan modification leads to financial advisors and mortgage relief companies.

 

The Mortgage Bankers Association announced the latest finding for mortgage lead volumes in their report for the week ending July 2, 2010.  The mortgage industry gages consumer interest against MBA’s Weekly Mortgage Applications Survey.  Mortgage marketing executives and lead generation companies like the MBA report as well, because it signals the interest and helps forecast the volume of potential loans in process.  Overall, the mortgage lead volume for home purchase and refinance rose a modest 6.6% on a seasonally adjusted basis from 514.4 one week earlier.  On an unadjusted basis, the Index increased 6.0% compared with the previous week and increased 17.2% compared with the same week one year earlier. 

The refinance lead totals rose 5.9% to 2116.3 from 1998.1 the previous week and the seasonally adjusted Purchase Index increased 7.3% to 280.3 from 261.2 one week earlier.  MBA reported that the Refinance Index rose 12.6% from the previous week and is the highest Refinance Index observed in the survey since the week ending May 22, 2009.

The home purchase lead volumes dipped 3.3% from one week earlier. The unadjusted Purchase Index decreased 3.8% compared with the previous week and was 36.0% lower than the same week one year ago. According to MBA’s vice president Michael Fratantoni,”As the financial market continues to show signs of volatility, mortgage rates dropped again last week, with rates on 15-year loans reaching a record low for the MBA survey.  Fratantoni continued, “Home loan applications dropped for the seventh time in the last eight weeks, keeping the purchase index near 13-year lows.”

According to Lead Planet, economist, Kevin Grant, “The refinance lead activity has been surging since the homebuyer tax credits expired at the end of April.”  Grant continued, “Interest rates have crept lower and homeowners appear to be making one last attempt to for mortgage refinancing in an effort to lock into a fixed rate loan when the market bottoms out for low interest rates.”  Mortgage refinance leads have made up of nearly 77% of all mortgage loan activity online last week. MBA reported that this was the highest market-share for refinance leads in the weekly survey since April 2009.   Article was written by Timmy Jackson

 

The Lead Planet publishes another article worth reading if you care about maximizing your mortgage marketing dollars.  The mortgage lead company discussed the importance of working purchase and refinance leads in today’s mortgage industry climate.  Lead Planet founder, Bryan Dornan said, “Rates may be at record lows but guidelines are the tightest they have been in at least 15 years.”  Dornan continued, “Loan officers need to multi task more and build some relationships that start with purchase leads.”  It’s a purchase market that is flourishing right now.  Home purchase loans have a priority with loans in process for the major banks like BofA, Chase and Wells Fargo. 

The Lead Planet points out that direct mail marketing costs have risen and the return rates have been lower because of the saturation. Most mortgage shops “are surviving with internet mortgage leads, but the companies that seem to be funding the most loans every month are the shops that are buying both purchase and refinance leads.”  The Lead Planet recommends buying blended mix of both purchase and refinance leads.  Take a minute and call the Lead Planet at 619-600-5720 and get a complimentary mortgage lead evaluation.  Read the original article online at > Originate More Loans Buying Purchase and Refinance Leads.

 

Mortgage lead sales continue to rise as many loan companies are looking to expand their market-share while interest rates are at record lows.  According to Lead Planet founder, Bryan Dornan, “Consider the cost per funding rather than the cost per lead.  Many lead brokers sell cheap mortgage leads but at when you evaluate the results, that company ends up having a higher cost to funding ratio. So why focus on buying leads solely because they are cheap?  Buying cheap leads from brokers will end up driving your loan officers’ nuts and drives up your credit report bills.  It is clearly more cost-effective to get better mortgage marketing and buy mortgage leads that cost a little more up front, but actually offer a reduced cost to funding ratio.

Some other tips for purchasing home loan leads that Dornan recommends are predicated on developing a good relationship with the lead generation company that provides stellar customer service.  Call 888-271-9581 to get a free evaluation on mortgage lead buying.  Our account managers will assess you needs, niches and then make a recommendation for buying mortgage leads.  There is no cost or obligation for the lead generation consultation so you have nothing to lose.

 

Any loan shop that’s still in business will tell you that buying mortgage leads is a challenging task in mortgage marketing. In a recent press release, the Lead Planet revealed, there contention that there is “an art to buying mortgage leads online.”  The mortgage lead generation company posted an article that discusses some of the secrets to purchasing internet mortgage leads that every loan shop wants to know.  Brokers and lenders should figure out the lead buying game some skill if they want to maximize their opportunities on the mortgage leads they invested in.  Lead Planet did recommend interfacing a proven lead management system like the Lead Mailbox or Leads 360.  Even if you have a great team of loan officers and all the lead management tools under the sun it’s all for nothing if you don’t have quality mortgage leads to work with.  If you want the low-down on the mortgage lead buying secrets, read the original article at the Lead Planet Blog > Mortgage Lead Buying Secrets

 

The San Diego based mortgage lead company, Lead Planet announced Monday that the company was rolling out new incentives for companies seeking advanced mortgage lead generation services.  The lead generation company provides internet mortgage leads to banks, mortgage lender and brokers nationally.  The Lead Planet has been selling exclusive leads and generating mortgage leads online organically for over a decade.  Now the lead company has partnered with Nationwide Marketing in an effort to extend their services to include mortgage SEO, mortgage marketing and web development for mortgage, real estate and debt relief companies. 

 

With bankruptcies and debt settlement becoming the two most common debt relief solutions, more and more financial companies are seeking debt leads for their sales team to call on.  A few years ago debt consolidation leads were all the rage, but with the home equity loan market disappearing times have changed.  Homeowners had an advantage because they could always consolidate their debt with a second mortgage.  Now that the credit crunch has eliminated most equity loan products, owning a home no longer affords people the luxury of lowered payments from a debt consolidation loan.

Debt settlement has become the preferred solution for consumers that want to eliminate their credit card debt.  Debt settlement leads are in high demand because millions of consumers are searching online for debt relief companies to assist them in debt negotiations to reduce credit card interest and high rate bills.  Similar to the way loan modification leads have helped finance companies, debt leads provide another revenue stream for mortgage companies that are running out of niches.  Debt settlement and debt reduction services help consumers save up enough money over 12-18 months and then they pool their debt legally with other consumers to settle with credit card companies for less than agreed.  For people with a lot of unsecured debt who want to avoid bankruptcy, debt settlement is a viable solution.  If you are seeking debt settlement leads, debt consolidation leads or mortgage leads, the Mortgage Lead Vault has several popular lead buying programs to jump-start your sales.

 

Newer Posts »