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ABOUT US
The Mortgage
Leads Network, Inc. is a leading on-line marketplace for borrowers and
lenders since 1998. We have had over 35,000 lenders and brokers register
on our site. The Mortgage Leads Network, Inc. offers consumers at www.lenderscompete.com and
lenders www.mortgageleads.net
unparalleled choice and convenience.
As an innovator in the
mortgage leads business, we invented the Cherry Picked LeadsŪ system
that has been copied by countless pretenders. Our system gives
lenders the choice and control that is needed in today's difficult
marketing environment.
Our innovation continues
in 2011 being the first mortgage lead provider to offer a flat fee live call subscription.
These live calls come directly from consumers researching mortgage
information online. The calls are not screened by us, they just ring in
directly to your office. These are unlike, so-called double
verified live transfers, that start as a telemarketing call, then
transferred to a verification center and lastly to a loan officer.
The Mortgage Leads Network
is different from other Internet mortgage referral sites in many
ways. We never charge a fee to borrowers and lenders are never
charged a fee when they close a transaction. Other sites
charge lenders a back-end fee on each closed loan, and this of course
is passed on to the consumer. The Mortgage Leads Network charges
lenders only data transmission fees depending on the number of
leads purchased.
Lenders sign up for free
and enter their lending criteria. They select the geography
(state, area codes, zip codes), loan types (purchase, refinance, second
mortgages, commercial), the credit rating of the borrower (excellent,
good, fair or poor), the loan to value ratio and minimum loan
amounts. Lenders only purchase leads that match their lending
criteria.
Consumers enter their
mortgage request information on the Internet and it is automatically
distributed in real time to up to three lenders on a first come first
serve basis, when there is an exact match. Exact matches are
generated when the consumers borrowing criteria exactly matches the
lending criteria of our registered loan officer / lender. If
there are not three exact matches then the data is posted to the member
area of our web site where registered users can preview the lead data
minus the contact information and select leads individually.
The web site is fully
automated and both lenders and borrowers can conduct business without
any human intervention on our part. The filtering system is
second to none and allows lenders to target the exact niche they serve
and allows borrowers to find lenders that otherwise would be very
difficult to locate for loans that require "special handling".
Lenders pay for the leads on a per-lead basis. Prices are
dependent on the time the lead was submitted by the consumer and
decreases over time.
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