DOLLARS for DEAD DEALS™
If you'd like to convert your "Turn-Downs", Denials and Cancellations into closed loans and earn more money starting NOW! then this might be the most important information you have seen in awhile. We know mortgage applications have slowed to a “drip”.
Now you can earn money on every application that comes into your office, regardless of 
their credit situation. Because we will show you how any Mortgage Professional can earn money from his/her dead deals that always happen every month – even if they are the rookie in the office.
Three Reasons to Believe What We Say
1. Foreclosures are on the rise. On average 4.5% of homes are in pre-foreclosure or foreclosure. This provides a virtually unlimited market of homeowners to provide us with homes for your “Dead Deals”.
2. We are affiliated with a rapidly growing national network of distressed homeowners. We assist these homeowners on a national level that can provide other homes for your “Dead Deals”. This is an opportunity for you to also help in assisting these homeowners out of their situation.
3. Your “Dead Deals” that you refer to us won’t believe that they will actually be able to get a home after being turned down by you and every other lender and/or mortgage broker they called.
This will inevitably become a referral machine for you from these people, you will be getting them into a home instead of telling them “sorry, I’m not able to offer a loan at this time because…..” You will be looked at favorably by “going the extra mile” to assist that client.
Let us explain
We assist homeowners who need to leave their home for awhile so this gives us the opportunity to put a responsible family into the home and they will pay the mortgage for the distressed homeowner, saving the home from foreclosure.
Our goal is to get your “Dead Deals” or referrals into a home so we can assist these homeowners out of their situation. We will pay you $500 for every referral we put into a home. Increase your monthly income without having to increase your marketing dollars? You will help more people and make you more money. You will feel good about doing something good for the people that otherwise you must turn down.
Available to you at NO COST!
How You Would Benefit
- Proven Service. With satisfied clients all over the country…You can rest assured the system works…and it WILL work for you and your clients, too, creating more referrals for you which in turn will create more commissions!
- “Turn-Down” Conversion. Convert your denials and cancellations into clients. Wouldn’t it be great to turn a negative situation into a positive one? Instead of sending your credit-challenged clients away….convert them into clients!
- Income from out of “Thin Air”. By getting your “turned-down” client into a home under our “Dollars for Dead Deals”™ program, you will get paid on that deal you would otherwise have walked away from, increasing your bottom-line you would never have realized!
- Automated Online System. We make it easy to refer the client over to us. They can apply in your office or online on our website from the comfort of their home…EASY!
YOU have given them HOPE and turned rejection into….Yes, I can help you!!!
What the Real Effects for YOU Will Be with our
Dollars for Dead Deals™ program!
If you as a mortgage broker were to refer 3 credit-challenged clients per month totaling 36 per year, these clients you referred would have produced an extra $18,000 to your “bottom-line” from “turn-downs”! You would average $1500 per month without spending one dime in marketing to obtain this incredible opportunity while helping your clients get into a home!
So contact us TODAY and start earning money from your cancelled, denied and turned-down applications that may be sitting around your office now.
We can help add to your bottom-line now!
Call me TODAY for more info!
Is it time to have a Plan B for your business??
National Mortgage Broker Magazine
The Official Publication of the National Mortgage Broker Association
February 2007 issue:
| Where the Mortgage Origination Business Is Headed |
| by Howard Schneider |
Signs are pointing to a weakened real estate sector. Moody’s Economy.com and Fiserv Lending Solutions recently forecast falling home prices for 36 of the nation’s 100 largest housing markets this year. And in 2008 they predict prices will drop in 37 metro areas. Their study states that a house purchased for $350,000 now in
Tough Conditions
Many lenders have laid off workers and some mortgage companies have gone out of business in recent months. Ownit Mortgage Solutions Inc. abruptly closed its doors in December, after funding more than $5 billion in loans during the first half of 2006. National lenders such as Argent and Option One Mortgage Corp. also have announced they are looking for potential purchasers. Encore Credit Corp. and Saxon Capital also were sold last year, ABN Amro Mortgage – including its InterFirst wholesale lending unit – is rumored to be considering a sale of its mortgage division.
Perhaps these events aren’t surprising given the slower market. Originations of “interest-only” mortgages dropped by 25 percent in the third quarter of 2006, reports National Mortgage News. Yet these difficult conditions weren’t completely unexpected.
Interest rates rose slowly and methodically from June 2004 to June 2006. Experienced managers should have been able to prepare for more competition and smaller margins as the market shrank – especially since most had enjoyed record originations and earnings over the previous several years. Unexpected rate spikes can caught companies unaware.
Later this year, Gordon predicts, we’ll reach stage three of the housing slowdown. At that point higher delinquencies will encourage lenders to tighten their underwriting. Home sales then will fall even further, as fewer prospective buyers will be able to qualify for financing. These conditions will persist into 2008, he adds.
You’ll also find that originators who don’t have the commitment and professionalism and the foresight to diversify and find other ways to survive, will drop out of the business this year. Competition will fall away and those who are strongest and smartest once again will lead the pack.
No one can be sure now how deep housing will dip. Economy.com has said falling house prices are “characterized best as a correction and not a crash.” However, other experts note that deteriorating economic data often seems to forecast a soft landing right up until a recession hits. John Lonski, chief economist at Moody’s Investors Services, believes “three to five years may pass before housing starts and home sales return to their peaks.”
Get ready for a hard landing in housing, adds Gary Gordon, executive vice president at Annaly Capital Management Inc. Annaly is an investment management firm specializing in mortgage-backed securities (MBS).
Housing demand is driven by affordability, Gordon notes. When it’s easy to purchase more young people stop renting or living with their parents and existing owners eagerly move up or buy additional properties. Decreased affordability caused by record home prices cut sales last year. But Gordon says that’s just the first step in a multi-phase slowdown.