Buying Mortgage Leads Exclusively

Frequently Asked Questions: 

1)What are mortgage leads?

Mortgage leads are potential interest in a real estate property that would require the customer to provide information about their credit, their ability to provide proof of employment, and any other personal information they believe would assist in qualifying for a mortgage loan. A lead may also be someone who is interviewing for work at an employer who has a specific hiring need.

2)How do I know if someone qualifies as a potential lead?

A lead is not always represented by people filling out an application or submitting official documents that have already been reviewed. Some leads are revealed through conversations, research, or simply asking the individual to submit an application once they have reached out to them.

3)How do I get a lead?

Leads are found in many different ways. Some of the most common ways to generate leads include:

"Cold Calling" (Calling an individual and asking them if they are interested in working with you)

"Inbound Leads" (Marketing your services to the public)

4)What is cold calling?

Cold calling is a process where a person will contact individuals and ask them if they would be interested in working with their business. This is usually done via phone call. It can also be done via email or text message.

5)What is inbound leads?

Inbound leads refer to the process where an individual has reached out to you via either email or phone call and asking for more information about your business. These leads may have seen your business on television or the internet, or might simply have found your information via the internet.

6)How can I be sure that a lead is interested in working with me?

The best way to know if a customer is interested in working with you is to ask them multiple times. If they say no once, ask them again, and then again if necessary. There are also companies that offer software that will monitor a potential customer's web browser and alert you when they enter any part of your website. This can be a very effective tool for tracking if someone has shown interest in working with you or not.

7)How do I know if a customer is qualified as a potential lead?

There are many factors that can be used when determining whether or not someone may or not be a suitable lead. The main goal of any lead agency is to prove that people can make positive and reliable money for their business by providing mortgage leads that are in the overall financial health of the person making the request, but there are also other factors to consider when determining if someone may actually be qualified for your business.

8)Will this person even make enough money for me?

This is a question you should ask yourself before contacting any individual about working with your company. If you have a product or service that is meant for a specific type of customer, you need to know that the people who are contacting you are in fact the right type of person for your business. A background check can be used to verify this type of information.

9)What is a background check?

A background check is an in depth, official review of someone's personal and financial history. This can be useful when determining if someone may or may not qualify as a lead. Some companies also conduct credit checks and other types of checks as well.

10)Why do I need a background check?

There are many reasons why you may need a background check, but the most common: making sure that the person you are trying to do business with is who they say they are. This can sometimes be difficult when working online, as a fake email address can be easily created.

11)How can I find out if someone is lying about their personal information?

You don't always know if the person is lying about their personal information. You may need an extra "level of security" to verify whether or not they are telling the truth. Some companies offer identity theft protection and other similar services in order to determine this information.

12)How do I know they are telling the truth?

It is always a good idea to ask questions. You can write out a list of questions and send them over to your prospective lead. Or, you can simply ask them these questions in person or over the phone. People often have a hard time saying yes when they are asked if they will work for you, but if you provide an opportunity for them to say no, there is a good chance that they will!

13)How much do I pay per lead?

There are companies that charge anywhere from $10-$100 per lead. As long as it is not unnecessary, the cost of each lead should be based on your needs and goals in purchasing leads.

14)How do I pay for a lead?

Some leads can be purchased with a credit card, but most of the time you will need to pay by check or wire transfer.

15)What are my payment terms?

Some companies require the client to pay for their leads upfront. Other companies offer payment plans. It is a good idea to discuss your payment terms with your lead agency before signing any contracts.

16)How do I get reimbursed for any leads that do not work out?

If your lead agency requires you to pay upfront, they may also guarantee that they will reimburse you if anything goes wrong with the lead itself. You should also stay in contact with your lead agency. If a lead turns out not to be a suitable lead, you will need to let your lead provider know as soon as possible.

17)What happens if the customer does not pay their monthly mortgage bill?

Some companies may guarantee that they will reimburse you for any leads that do not work out. It is also important for you to stay in contact with your lead agency. If a customer does not pay their mortgage, it is important for you to contact the lead provider and let them know about the situation as soon as possible.

18)How will I get the leads?

There are many lead delivery methods that can be used when receiving leads from your company. It is very important to know how you will receive your leads and how many you will be receiving. You need to know if they will be emailed, mailed, or called to your home or office. The most common types of lead delivery are by email and phone call.

19)What happens if the leads are not delivered properly?

If a lead is not delivered properly, you need to contact the lead provider right away. Sometimes it takes a little while for them to deliver their leads in the manner that was discussed at first.

Conclusion

As you can see, many of the questions listed above are focused on verifying what type of lead provider you may be working with in the future. The more you know about your lead provider, the less likely you will have to worry about them ripping you off or causing any other problems in the future. It is important to find a company that is reliable and willing to work with the client on their terms.

A-1 Mortgage Leads is a second generation mortgage lead generation company for all types of businesses including mortgage originators, banks and financial institutions who want to obtain pre-qualified leads by phone or internet.