Yo, I think Andy's post about the mailing system might have some truth to it.
I have used or sold every type of lead there is when it comes to mortgage leads. I know of the certain list Andy is talking about and I know for a fact that these leads will produce a high application ratio. For example 8 applications out of 60 names. This is really good for any type of lead list. Using mailers, or call centers on lead lists is the best way to get the most applications out of that list. So 250 mailers with 80 calls is not that hard to believe. I would call too if I got a Deed of Trust in the mail with my lenders information on it, I would really listen and probably refinance if I could.
If you want to know the truth about something look into it yourself before you knock someone else. Try it, you're a loan officer $400 bucks ain't going to hurt your bank account. If you have no success, then you learned that the best lead is the lead you generate yourself or a live transfer lead from a call center. I know these is what is working for my network of brokers.
Your #1 Mortgage Leads Pro!
Eric McClenon III
Mortgage Promotions 2006
215 119th St. S.E. Suite A
Everett, Washington 98208
http://mortgagepromotions.50megs.com mortgagepro2005@comcast.net
425-355-5487