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The next step in the evolution of mortgage leads is the transfer of 1003 Loan Applications. As the mortgage lead generation market becomes more and more competitive, many top mortgage lenders are selecting mortgage 1003 leads as a stronger, more effective option to traditional hot mortgage transfers.
The transfer of mortgage 1003 applications promotes a more efficient sales as the borrower has already been qualified in several key areas before transfer to the mortgage loan officer. Spend your valuable prospecting time providing mortgage 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 mortgage lender’s request
- Applications are available with a live borrower transfer at the mortgage lender’s request.
- The mortgage 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.
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