An Average of 100 Mortgage Shops Closing Every Month

[Secret!]

Originally Posted by carlo@GetLeads

I heard there's about 100 mortgage shops that close business every month in the U.S.

That's an average per State not a National figure.

[carlo@CreditReportAtlas]

Originally Posted by Secret!

That's an average per State not a National figure.

Average per state?!?! Wow, this is the same exact reason why mtg offices should purchase more leads - To keep a constant flow of prospects in their pipeline.

[Secret!]

Originally Posted by carlo@GetLeads

Average per state?!?! Wow, this is the same exact reason why mtg offices should purchase more leads - To keep a constant flow of prospects in their pipeline.

Seems like you've come up with a solid conclusion there Carlo, any ideas on WHO they should utilize to accomplish that ?

[carlo@CreditReportAtlas]

Originally Posted by Secret!

Seems like you've come up with a solid conclusion there Carlo, any ideas on WHO they should utilize to accomplish that ?

The King of Subprime Leads

[Greg]

Carlo is very good at saying he can not do a certain thing and saying another lead provider can rather than trying to rope a person in and give them something in place of what they want.

I just want to clarify that.

[carlo@CreditReportAtlas]

Originally Posted by Greg

Carlo is very good at saying he can not do a certain thing and saying another lead provider can rather than trying to rope a person in and give them something in place of what they want.

I just want to clarify that.

Thanks for the kind words, Greg. I get enough business already and I'm not so amp'd just trying to take people's money away. My return ratio is 60% and in the lead industry... that's pretty high. Also, my banner ad here in MBL has generated me a lot of responses lately. My investment of $600 made me $1,500 already since I activated it, pretty much paid itself back.

[chezwick]

Ameriquest only shut down their branch offices. Not their retail business.
Their press release stated that they now have "centralized" retail call centers to handle originations in light of the all the local branches closing. I forget how many "call centers" there are in the country. You know they're not stupid enough to walk away from all their past marketing efforts and the extensive client database --regardless of how they look in the press. Besides, most people are clueless as to the day-to-day goings-on in the mortgage business. Even if it involved massive fraud.

They got the DOUGH now to increase their marketing efforts because of all the "savings" of closing branches and letting people go. And, what happens to all those unpaid commissions on loans yet to close when they shut down? Anybody know? Kinda like the QMAR.com thing? Again, I haven't heard anything regarding that.

[brendo927]

You gotta pay commissions........no way around it....or more lawsuits will come. I got paid. . Never just roll over and take it.

[carlo@CreditReportAtlas]

BTW, I just finished an order of 25 Live Transfers and this company closed 5 sub-prime loans from it. As you know, sub-prime loans makes you more $ b/c you can add extra points. Just an update to the community... Give us a try and I know you'll love us for sure.