From the category archives:

ghost_reviews

The Retention Department – Ghost Review

by Guest on August 30, 2007

The following is a ghost review.

The Retention Department – The nation’s first (turn-key client retention service) company whereby individual loan officers, branch mangers and mortgage company owners can now have their very own outsourced retention unit without the high cost and liability.

What’s more irritating than reaching out to your past clients, engaging them in casual conversation and finding out they recently refinanced or obtained a new loan from ANOTHER loan officer? Can you believe they didn’t call you? Or perhaps you fall into the “I don’t, but should and one day will, market to my database of past clients” group.

There’s no better time than today to start thinking about and selecting your best post-closing marketing and client retention options. Forget about “cool” newsletters, greeting and birthday cards and focus on which product/service will bring you the BIGGEST ROI (Return on Investment). It’s time to begin putting your clients’ mortgage “under management” – and The Retention Department will do it all for you so you can concentrate on your job – originating and closing loans, not marketing.

With dozens of “How To” ideas and seminars available to today’s loan originator, company founder and CEO, Brandon Gompers, created the turn-key platform that does all the work for you – no more thinking about what or when to implement on your own. “LOs have their own processor. Why not have your own retention department?” says Gompers.

The Retention Department, positioning itself to be the next value-add service like Loan Toolbox and Mortgage Market Guide, enables you to go head-to-head with the retention departments of those large loan servicing companies that are presently stealing your past clients away. The weapon of choice is the RateWatch Report and Retention Department has the automated production and mail fulfillment process down pat.

Tiki Tsakiris of Pacific Bay Financial was recently quoted as saying, “I really do think your platform is genius”.

Pricing options start at a mere $.99 and it’s no wonder originators, managers and owners are flocking to retain The Retention Department.

Watching the free online demo with audio is the best way to see the system in action.

Mortgage Industry Professionals. Like what you see?
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Leads2007, The Internet Lead Market’s Unconference

by Bill Rice on July 26, 2007

Hi, Bill Rice here. Todd was checking out a new conference that I’m putting together and thought I should share it with the readers here at Lenderama. While I generally contribute to Lenderama as objectively as possible, this post is written in our ghost review format.

I wanted to make sure all of Lenderama’s readers had the opportunity to participate in a potentially groundbreaking, innovative, open forum with the Internet Lead Market’s best and brightest–Leads2007.


When: 13-14 Aug 2007Where: University of South Florida, Tampa, FL

Cost: $99

We decided the Internet sales lead ecosystem needed a forum where they could discuss issues, strategies and solutions in regard to Internet leads. Leads2007 is a contemporary concept in the conference arena because the agenda is entirely created by attendees, rather than us, the conference organizers.

Participants have already set an exciting slate of sessions including:

  • Improving Consumer Experience
  • Innovations in Lead Generation
  • Increasing Pull-Through With Technology
  • Balancing the Lead Ecosystem
  • How to make Money/Lead Buying 101
  • Convert Leads with PR and New Media
  • Measuring and Analyzing Leads

We have a great mix of lead suppliers, lead buyers, and lead technology companies ready to openly discuss the big ideas and opportunities for innovation. Here is a sample of these great companies:

Don’t miss the opportunity to participate in the leading in and learning about this quickly evolving market.

Here is where to get all the details and register. Time is running out and for an investment of $99, what are you waiting for?

Wiki: leads2007.pbwiki.com

Blog: www.leads2007.com

Register Now!

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Mortgage Docs - Ghost Review

by Guest on June 19, 2007

The following is a ghost review. This review’s ghost writer is John Samarin Jr., COO of Mortgage Docs

We’ve all experienced our share of frustration with a notary signing agent. There is nothing worse than spending hours of your time preparing a borrower for their loan signing only to have an inadequate notary step in and confuse the process.

Notaries who are unfamiliar with the type of documents they are signing only create obstacles for the borrower. They are unable to communicate effectively with your borrower because they don’t know how to interpret the document. It’s as if they are reading a foreign language. A confused notary leads to a confused borrower.

First-Class Customer Service for Each Signing

You need to have the confidence that the notary meeting your borrower is professionally qualified and trained in the industry. Compromising in this critical area will eventually cause you as well as your borrower greater agitation.

Many of you should consider utilizing a third-party signing company such as MortgageDocs to avoid the headaches often associated with notary services.

With 10 years of experience MortgageDocs has:

* built a nationwide network of 10,000 trained notary signing agents.
* maintained a history with each of their notaries to ensure that the service they provide exceeds the standards of their clients.
* worked with many mortgage brokers who are ready for a change.


Know the Status of Your Signing at All Times

I’m sure you’ll be impressed with signSTAT, their online platform. It allows you to order a notary signing agent in seconds! Send and receive updates, track the progress of the signing, upload documents, and provide feedback before or after the signing.

In addition, a 24/7 Account Manager is assigned to your account so you won’t have to worry about getting help after office hours.

Request a Bid Proposal Today and Experience:

* Service that is unmatched in the industry.
* Technology that is superior to any of their competitors.
* Turn-times that are faster than your current process.
* Lower costs to improve your bottom line.

Request a bid proposal today and they will provide you with a FREE demo of signSTAT.

PS. Ask about their fee waiver policy when a loan doesn’t fund.

For more information, visit their website signing services or MortgageDocs.com

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Captaloans - Ghost Review

by Todd Carpenter on April 5, 2007

The following is a ghost review. This review’s ghost writer is Mark Bellegia, an Account Rep for Captaloans Software

Captaloans– Software for the mortgage industry to track leads, loans, and agent productivity.

Captaloans Software (www.captaloans.com) offers web based software for mortgage companies seeking a simple solution to manage their leads, agents, and pipeline. Captaloans has a simple navigation system that made it easy for our new users to get started quickly. Lead activity can be monitored easily and once a lead converts the program automatically creates a customer loan record that allows the agent or broker to now track the customer loan status. This allows for the tracking of a customer all the way from New Lead to Funded Loan. This added feature of tracking the loan and offering pipeline reports to the broker makes Captaloans different from traditional lead management software. It is clearly a tool designed specifically for the mortgage industry.

The product does not have all the extensive features of a full blown CRM but it does not have all the complexity either. It appears to be geared toward smaller to mid sized mortgage companies seeking an alternative to some of the more expensive products that are on the market. The software does not provide loan origination but states it is designed to work in conjunction with your existing loan origination software. So you won’t have to abandon your loan origination tools or processes you have in place.

Captaloans is web based so there is no software to install; only a computer with a web browser is required. Prices are based on a monthly subscription per number of users. At the time of this review user licenses start at only $15 a month per user and they are currently offering a 30-day free trial for new customers. For large organizations seeking a high end CRM I would recommend looking at a different product. However, for a small to mid sized shop seeking something a simple and affordable tool to help them become more competitive Captaloans is worth looking at. captaloans.com or 1800-480-5881.

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Battlecall.com - Ghost Review

by Todd Carpenter on April 5, 2007

The following is a ghost review. This review’s ghost writer is Rob Lawrence. Battlecall is an affiliate advertisor.

Battlecall.com, Affordable Quality Mortgage Training That Helps You Hit The Ground Running

One of the best kept secrets of the mortgage industry is just that—the mortgage industry itself! As anyone new to the business can attest, most company training programs consist of some old leads and a phone book. With the exception of a few large companies, most mortgage broker firms don’t have the time nor the desire to do much more than that. After all, being a loan officer is a sales job and if the person can’t pick up the phone and sell, how can they be expected to get much further than that and actually close a loan. Not to mention that the mortgage business can be big money and the top producers aren’t likely to spill their secrets anytime soon.

There are a number of mortgage training products out there, many mixed or of poor quality. And all too often, very expensive…with yearly subscriptions costing thousands of dollars and success not guaranteed. In recent months, there have been some new entrants to the mortgage training market providing a fresh face and new insight into the industry. One of the most interesting ones out there is a site called Battlecall.com, http://www.battlecall.com run by Rob Lawrence, a mortgage broker of 5 years, now a mortgage trainer. The site has an unusual name, but I think that’s why I like it because it says what we face everyday. Selling mortgages is a daily battle and we have to fight in order to win business. He even calls his members, “mortgage warriors”, I like the sound of that.

The site is stuffed full of over 1,200 sales and marketing resources, downloadable spreadsheets and tools, audio lessons, templates, and more. Rob covers a lot more than just the mortgage business and you’ll find a lot of useful information on real estate investing, equity repositioning and mortgage planning, as well as condo conversions and land deals. After all, if you have the insider knowledge on how the real estate industry works you might as well put it to good use and consider doing some property investing on the side. That’s where Battlecall really shines in putting arcane mortgage knowledge to practical use.

Some people have likened Battlecall.com to the “poor man’s mortgage training kit”, and I would say that that description is not far off. The site offers a lot of what some of the titans out there has but a whole lot more. Plus, it’s affordable for even the greenest new loan officer and the subscription cost won’t break the bank. Battlecall.com seems to be a smaller leaner operation than the big boys and develops new training material as the members request them. In that way, they are much more responsive than some of the bigwigs of the industry out there.

Overall, I’d give Battlecall two thumbs up. There is a tremendous amount of value inside the site and even if you close just 1 extra loan with their help, it’s well worth the investment. Give it a try and let me know what you think.

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