Leads - Particularly NexTag vs LowerMyBills

[lets get it done]

Greetings to all! I just signed up here minutes ago and look forward to sharing and learning with you all. My first topic seems to be a sore subject, nevertheless I must continue my quest for more information.

I am currently having sucess with NexTag and want to find out what other's experiences have been between the aforementioned companies. Any input is not only welcomed but invited!

Thanks!

[Troy]

LGID,

Welcome to my humble forum!

Sorry, but I'm going to be of no use on this post. I don't like being in that kind of close competition with other brokers, so this kind of lead generation really isn't my cup of tea.

However, I'm interested in how much resistance/price slashing you're met with when receiving this kind of leads. Hopefully others here will provide some insight as to which they like more.

Also, what's your typical price for a lead at nextag? And what is your success percentage?

troy

[Dma-Willy]

As a loan officer the lowermybills and nextag internet leads never worked for me, or alot of loan officers at the company. They were extremely expensive for the firm where I worked. The biggest issue with them is contacting consumers that in no way wanted to speak to a loan officer. Rather yet they thought that it was a stand-offish way of getting some information, without anyone contacting them.

A lead that is far more effective is a trigger lead. This is a lead that is obtained from credit bureau data 24hours after a consumer has an inquiry on their credit from a mortgage company. These consumers are actively seeking loans, hence the inquiry. How many times has a customer walked in with numerous inquiries before he sits down to talk to you? This is just a small portion of what we offer the mortgage professional.

We also offer.

Subprime Performance leads.......520-640credit score, 85%ltv or less, and a minimum of 15k in revolving debt.

Subprime lender leads............These are targeted at consumers that have loans with high interest lenders with loan open dates that are 12-36 mths old.

Conforming Lender leads.........641+ with a minimum revolving debt of 20k and above.

Daily triggers..................Sourced from the credit bureau's on consumers who have a credit inquiry performed by a mortgage company within 24hours of you receiving the lead.

Credit prescreens.............with Loan balance, name, address...Etc.

These services are available to all 50 states. Do not call list scrubbed as well, when applicable. Direct mailing services are also offered on a turnkey basis. Contact me for any of your mortgage leads needs. Willy-305-244-6245cell, 1-877-984-9400x133(After hours orders will be processed the next business day) Call anytime.

[mford]

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