How to Target FHA Streamline Triggers
FHA Streamline Leads - Our Consultantswill help your company put together mortgage mailing lists designed to generate FHA Streamline Leads with high response rates, easy funding and predictable income.
Your Preferred source for direct marketing information. We are constantly testing new mailers, campaign tactics, and response marketing techniques in the mortgage industry and we share this information with our clients (as well as prospective clients) at no cost. Marketing to generate mortgage leads for refinance or FHA streamline over the phone or through the mail has never been quite as easy as we'll make it for you.
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There are certain filters we need to pre-qualify data for FHA Streamlined Leads and Mailing Lists - for instance the seasoning should be set at 11-13 months and of course we should omit any late pays and assure that the homeowner has a steady income. We allow our client brokers to graph out the math in order to to highlight whether or not a prospect will be able to recieve lowered FHA Loan payments.
This loan calculation along with a time sensitive call to action entices the recipient to respond quickly after recieving your offer.
Properly Present A FHA Streamline Lead Offer
When the homeowner can actually visualize the savings a streamline offers in comparison to that of their current FHA loan payments it will become clear that they need to take action before another mortgage payment is due..
FHA Streamline Lead Lists - Cutting Out A New Market
Not Only can we help contact groups of excellent fha streamline leads, but we can further enhance this marketing campaign with FHA Mailing Lists
When a homeowner with a Current FHA loan knows that he/she needs to streamline their loan, they will no doubt contact their broker from 12 months earlier, this broker may not offer an honest "Best Price" because he or she may consider that the past relationship has the loan holder "In The Bag" so to speak.
One thing we know is that he will run credit (even though it is not supposed to be a requirement), maybe to shop other options, maybe to check work history or late payments but when the loan officer does, the FHA loan holder becomes a Streamline trigger lead. Assuming that the home itself has not devclined too drastically, you are there to save the day.
Speaking of declining home values, there is the $1.5 billion that was funded in February 2010 for the Hardest-Hit states. This goes to unemployment, default, foreclosure and lowered home values. FHA Streamline mailers for the Hardest-Hit program are slated for Arizona, California, Florida, Michigan and Nevada so far. In these states there is financial incentives for the banks to work up relief programs to modify or reduce the negative equity and up-side-down mortgages. There is also assistance for the unemployed homeowner in danger of foreclosure on an FHA home loan. Mailers can also speak to the second lien modification or reduction.
If your company is planning to use a FHA Streamline Lead program your mailer can be used to emphasize its parameters. This loan product has a minimum and maximum amount set and added to the present mortgage. It's not based on the value of the property. The 203K can be beneficial for simple home improvements such as the removal of leaded paint or to weatherize. No huge modifications are necessary to qualify for this loan. All that's needed is a contractor that will break down the costs in an estimate where they agree to and abide by the time that is specified to complete the work.
Our FHA Marketing Team is consistently working to offer services that will boost fundings.
As our partner in markeing your company can acquire mortgage marketing lists with fresh cutting edge ideas, accurate and clean telephone numbers.
Focus on financial aspects of your mortgage prospects - Promote each specific loan program that requires a tight niche!
Although the current lag in the repair of our economy has many homeowners with FHA Loans struggling with payments it may make sense to cover the cost of the streamline with an interest rate that is a bit higher. This works for loans that are only six months in and further. Another point that can be made is that the mortgagor will realize even more relaxed regulations should they need to make adjustments to the property for handicap purposes. Rarely will this application be turned down unless the work cuts deeply into the value of the property.
We specialize in creating response leads that meet the requirements of any loan program's criteria for funding.
Armed with the ability to pull by specialty filters that appear in the mortgage holders credit report we can target your prospects geography and filter out all of the criterion that are most likely to get your prospective client caught up in underwriting. This allows your company to focus only on mortgage leads that will easily close, add a referral program to get free leads here and there from the clients friends and family and we are right on target to skyrocket your loan business!
A fresh, pre-qualified mortgage list charges your direct marketing with information on a prospect that is either interested already, or has found themself in a situation where they presently need a mortgage.
This Streamlined Loan Lead offer can now be energized to seek out prospects that need AND qualify for your services
Read More About Federal Housing Authority Loans - And How To Target FHA StreamlineTrigger Leads
FHA Streamline Leads - Mortgage Mailing Lists