|
The next step in the evolution of mortgage leads is the transfer of 1003 Loan Applications. As the lead generation market becomes more and more competitive, many top lenders are selecting 1003 leads as a stronger, more effective option to traditional live transfers.
The transfer of 1003 applications promotes a more efficient sales cycle as the borrower has already been qualified in several key areas before transfer to the LO. Spend your precious prospecting time providing loan solutions to more borrowers instead of gathering information from fewer prospects.
- Borrowers who provide SSN and DOB are a more serious prospect.
- Conversion-to-funding rates average 25%.
- Borrowers credit can be provided with the transfer at the lender’s request
- Applications are available with a live borrower transfer at the lender’s request.
- The 1003 application is provided in multiple formats that can be uploaded to your system with ease.
- Standardized filters for LTV, minimum loan amount, and borrower’s current interest rate insure a consistent origination criterion is achieved.
|
