Cheap Mortgage Leads Equal Bad Leads

"You get what you pay for," the saying goes, and that's the real problem in the mortgage industry. A lot of mortgage lead companies sell leads to other mortgage lead companies which results in recycling leads within the mortgage lead industry before it even gets to the average mortgage loan officer or broker. The aftermath is not pretty, 20-40 calls a day for the prospective borrower just within the first 4 days if the lead being generated.

Obviously this creates a headache for the potential borrower who is being bombarded with endless phone calls, and unnecessary competition for already frustrated loan officers.

The Solution:

* A. Real-Time Leads

* B. Exclusive Leads

* C. Timestamped Leads

* D. Origin-stamped Leads

A. Real-time Mortgage leads are received within seconds of the borrower completing a short online form. These are perfect leads since the prospect is usually able to be contacted within 2 minutes of them filling out the form. The prospect takes the time to fill out a form so are not cold calls nor recycled. Just Fresh Leads. Also the prospect loves the fact that a loan officer got back to them so fast.

B. Exclusive Leads are leads that not only are designated for you but cannot be resold as a semi-exclusive or non-exclusive lead. Make sure the lead company you deal with is a reputable company has timestamped and origin-stamped the lead.

C. Timestamped leads are the only leads that should be bought. If a lead is not timestamped then there is no proof of when the lead actually was submitted. This is the problem that allows crooked lead companies to sell you recycled leads and waste your hard earned money.

D. Origin-stamped leads are leads that are stamped with the website that originated the actual lead. You should look for lead companies that obtain their leads through websites they own and operate themselves. If they won't tell you their website or don't have them posted then it's time to look else where. Otherwise they are obtaining them from third party companies and recycling them.