Thursday, October 8, 2009
Non Exclusive Mortgage Leads
When borrowers supply their forms of request for a mortgage loan, lead providers generate leads from the data supplied by borrowers and mail them to several brokers or lenders. Very often these leads get recycled, as they move from one broker or loan officer to the other. Such leads are known as Non Exclusive Mortgage Leads.
Though Non Exclusive Mortgage Leads have a downside related to confidentiality and speed of transfer, they are less expensive than Exclusive Mortgage Leads.
More importantly, they can offer the best deal to the borrower. Let's take an example.
Maggie applies for a Non-Exclusive Mortgage Loan at a mortgage lead providing company. As hers is a Non Exclusive Mortgage Lead, the lead provider sends her lead to several loan officers and these people get in touch with her. As the loan officers increase, competition becomes stiffer. It is much like the difference between one person spending $100 and several people sharing the same $100.
In other words, in Non-Exclusive Leads, the chance of Maggie's bargaining with loan officers and getting the best deal is very bright. Though there is a basic difference between Exclusive and Non-Exclusive Mortgage Leads, in terms of confidentiality and competition, the mode of transfer of information from the Borrower to the Lender, through the Broker or otherwise, at the Lead Provider's Office or Online, face-to-face or telephonic, is a different matter that concerns speed.
Non Exclusive Mortgage Leads are less expensive for the lender to buy, but the competition is higher.
This means that the lender has less choice dealing with Non Exclusive Leads than Exclusive Leads. This becomes the plus point for the borrower.
Exclusive Mortgage Leads provides detailed information about exclusive mortgage leads, exclusive internet mortgage leads, exclusive telemarketing mortgage leads, exclusive real time mortgage leads and more. Exclusive Mortgage Leads is the sister site of Life Insurance Leads.
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One of the biggest challenges mortgage lead generation companies face is obtaining accurate data from users. No matter what type of technology a mortgage lead company claims to have, no company can completely stop users from entering inaccurate data.A recent example of technology to improve data accuracy is telephone number/location verification. Companies use software to make sure the area code in the phone number matches the state. This is a nice feature because chances are if a user is going to enter a bogus phone number they will not enter the correct area code. What you must do is evaluate mortgage lead generation companies and decide who has the best solution to fit your needs. Also, consider telemarketing mortgage leads.
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ReplyDeleteNon Exclusive Mortgage Leads is ideal for those who are on a low budget.Mortgage Leads.It is better than exclusive mortgage leads.
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