To put it in simple terms a mortgage loan lead is a request for a mortgage quote generated by a mortgage buyer though a mortgage lead broker website. Mortgage loan lead is generally sold by the mortgage broker to mortgage sellers and vendors for a good sum of money. The mortgage seller then replies the lead with necessary quotes to the concerned customer. Mortgage loan leads may or may not close and have only 8% - 10% chance of closing depending on the briskness of reply, lower quotes and trueness of the lead.
Types of mortgage loan leads
There are many different types of mortgage loan leads. Some of them include Debt Consolidation Leads, Mortgage Refinance Leads, Jumbo Leads, Excellent Credit Leads, Good Credit Leads, Home Equity Mortgage Leads, Second Mortgage Leads, Sub Prime Mortgage Leads, Prime Refinance Leads, Refinance VA Leads, FHA Refinance Mortgage Leads, Purchase Loan Leads, Fair Credit Leads and Poor Credit Leads.
Are mortgage loan leads that prospective?
Mortgage loan leads can be a real prospective one depending on the type of lead. The lead must be true that is, it should have come from a genuinely interested buyer; it must be fresh, in the sense that it is recent and it should carry a prompt reply on the part of the mortgage lender. In case of these possibilities, the probability of the mortgage lead generating results increases to a huge extent.
