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Six Tips to Help You Choose the Best Source of FHA Mortgage Leads
Author David Schneider | Dec 09,2007  |  Print  | Share This
There are so many sources for FHA mortgage leads out there that it can be hard to know which source to choose for your company. If you happen to know what other companies use with great success, that would make it easier. Of course, they aren’t going to tell you what they use. Fortunately, it isn’t too hard to evaluate sources to find the best. Here are six things to look at when evaluating mortgage leads sources for your company.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 1 -- Customer Service

A good source of leads is one that will provide you with quality customer service. Most of the time you will never need customer service, in fact sometimes you never need help. However, this is your business we are discussing. If something does go wrong, you will want some help to fix the problem immediately. After all, time is money and if you are losing access to your leads, it could cost you a lot of money in lost sales.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 2 -- Price

Price is also a factor. You expect to pay more for better leads, or leads that are exclusive or offered in real time. However, with tight budgets in many companies, you can’t spend an exorbitant amount of money. Don’t just buy from the first source of leads that you find. Shop around to see if you can get a better price. Use your findings to negotiate a better rate.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 3 -- Exclusive Leads

If you are interested in having exclusive leads, you will want to narrow your search to only lead companies that can provide you with exclusive leads. Why are exclusive leads so good? The reason is that they belong to your company only. Your sales force can work on establishing relationships with the leads. They don’t have to worry about competing with other companies to make the sale.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 4 -- Real Time Leads

Receiving leads in real time is another option you may want to consider. Real time leads are exactly what they sound like. Instead of waiting to receive a lead, you receive it immediately. Imagine being able to call a customer a few minutes after they fill out a request for more information on the Internet. That customer would be very impressed with your service and would be more inclined to do business.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 5 -- Source of the Leads

Some companies get their leads in less than perfect ways. For example, they might offer the customer a chance to win a prize if they provide their contact information. How many of those customers do you think are really interested in FHA mortgages? Before selecting a company, ask how they generate the leads that they will be sending you.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 6 -- Past Performance

This source of knowledge will only come from trying out more than one lead company. You can try using one and then use another. A better test, however, may be to use more than one at the same time. This way your test conditions are similar. After trying your sources out for a while, choose the one that is best performing for your company. There are so many sources for FHA mortgage leads out there that it can be hard to know which source to choose for your company. If you happen to know what other companies use with great success, that would make it easier. Of course, they aren’t going to tell you what they use. Fortunately, it isn’t too hard to evaluate sources to find the best. Here are six things to look at when evaluating mortgage leads sources for your company.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 1 -- Customer Service

A good source of leads is one that will provide you with quality customer service. Most of the time you will never need customer service, in fact sometimes you never need help. However, this is your business we are discussing. If something does go wrong, you will want some help to fix the problem immediately. After all, time is money and if you are losing access to your leads, it could cost you a lot of money in lost sales.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 2 -- Price

Price is also a factor. You expect to pay more for better leads, or leads that are exclusive or offered in real time. However, with tight budgets in many companies, you can’t spend an exorbitant amount of money. Don’t just buy from the first source of leads that you find. Shop around to see if you can get a better price. Use your findings to negotiate a better rate.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 3 -- Exclusive Leads

If you are interested in having exclusive leads, you will want to narrow your search to only lead companies that can provide you with exclusive leads. Why are exclusive leads so good? The reason is that they belong to your company only. Your sales force can work on establishing relationships with the leads. They don’t have to worry about competing with other companies to make the sale.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 4 -- Real Time Leads

Receiving leads in real time is another option you may want to consider. Real time leads are exactly what they sound like. Instead of waiting to receive a lead, you receive it immediately. Imagine being able to call a customer a few minutes after they fill out a request for more information on the Internet. That customer would be very impressed with your service and would be more inclined to do business.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 5 -- Source of the Leads

Some companies get their leads in less than perfect ways. For example, they might offer the customer a chance to win a prize if they provide their contact information. How many of those customers do you think are really interested in FHA mortgages? Before selecting a company, ask how they generate the leads that they will be sending you.

Six Tips to Help You Choose the Best Source of FHA Mortgage Leads: No. 6 -- Past Performance

This source of knowledge will only come from trying out more than one lead company. You can try using one and then use another. A better test, however, may be to use more than one at the same time. This way your test conditions are similar. After trying your sources out for a while, choose the one that is best performing for your company.
 
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