Why do I apply once & get 15 calls?

Providing home loan mortgage financing in Lake, Geauga, Mahoning, Columbiana, Erie, Sandusky, Seneca, Wyandot, Putnam, Hancock, Ottowa, Fulton, Williams, Henry, Defiance, and many more Ohio counties.

Why Do I Apply Online and Get 15 Calls

Why do I apply once & get 15 calls? - This can be part of a recent problem with the credit bureaus selling their information upon an inquiry, its called a TRIGGER LEAD...If a mortgage company pulls your file, your info may go to many other brokers who have paid for that information from the bureaus...Do a Google search for more information on TRIGGER LEADS...Other reasons are that some of the places you apply will sell you application to up to 4 brokers as well as to other lead suppliers who will then resell them to up to 4 other brokers...There is a way to avoid this, its called "opting out"...Again google for additional information on how to do this...

Some loan officers are not very good at finding new customers. They don't get many referrals, often because they don't treat their customers well enough that those customers will refer their friends and family members. They don't provide enough valuable information on their websites so that visitors would know if they are knowledgeable and helpful.
Instead these loan officers pay money for your personal financial information! And the credit bureaus sell it to them!
These loan officers are not counting on referrals from you because they usually don't get them any way. So they are less concerned about treating you well than getting the sale. This leads the less ethical of the group to do such things as quote rates lower than they can get for you. They figure that when they eventually tell you that you don't qualify for the quoted rate, you will be so far along in the loan process that you won't be able to switch to another loan officer.

There are many lead generation companies out there that promise to help you out by letting lenders compete for your business. These types of lead companies will sell your information to however many mortgage professionals will pay them for it. Sometimes your information could be sold a countless number of times and your phone will ring for months after you applied with the lead company. Many times it is better to simply apply with 1-2 separate lenders individually that to go ahead with any of these types of lead companies that promise to let lenders compete for your business.

Doing Business Over the Internet - Some people prefer dealing with their mortgage process online. Doing business over the internet is a fast, easy, efficient way to get your mortgage loan closed.

Even if you are not comfortable with doing business over the internet, the internet is a great resource to do research. You can easily find a mortgage company in your area who is willing to meet you to do business in person. You can also use the internet to verify the credibility of a mortgage company. Most states have a way to search an online data base to verify if a company is licensed to do business in your state.

In fact, internet based mortgage companies take a lot of the guesswork and pressure out of the traditional mortgage process, by giving you access to the broadest array of programs all in one place.

When doing your research on the Internet you should make sure you look into the company you are considering applying withs history a little bit. Make sure they are a legitimate business. Check out the Better Business Bureau, rip-off report dot com, state licensing agencies, or anywhere else you can think of to make sure the company is real. You can even ask them for references if you would like. If you don't feel comfortable providing any personal information over the Internet you can always call the company and provide it over the phone or find out if they have a local office that you can stop in at. The Internet is a very safe tool that can help save a lot of time and speed up your loan process, however a little due diligence should always be done to protect yourself as well.

Being able to do business over the internet allows you a wider selection of potential brokers to suit your needs. Your best deal may not be right down the street anymore!

With recent technological advances in mortgage underwriting softwares, Fannie Mae and Freddie Mac now offer automated underwriting access to their approved partners. Thereby allowing mortgage brokers the capability to originate and process your loan application online. As a result, your online loan application can be approved in a matter of minutes, pending the necessary income and employment verifications.

One of the key advantages of beginning your mortgage process online is Speed. It's the fastest way to get the best deal.

You can close in as little as 7 days when working online, thanks to streamlined applications, limited or even no documentation requirements, and immediate access to approval & underwriting systems.

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If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!

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Information listed above is to be used for educational purposes only and is not guaranteed