The vast majority of mortgage brokers suffer the same challenges; too few incoming leads to work and not enough time to find new ones. The idea of building a functional, manageable, measurable and evolving lead generation program is beyond the most business professionals, and this includes mortgage brokers. Most mortgage brokers feel that to make more money, you must make more calls, invest in more mailings, place more ads’, visit more realtors, visit more banks, and/or simply cut prices.

Though any of these investments in time and money may pick up your business activity, unless you can manage both, in addition to increasing your marketing AND systematic qualification process, your new poten...

Prescreened Offers of Credit

On any given day you’ll find a number of direct mail marketing pieces waiting for you.  Some of this direct mail will be bills for the electric and phone, while others will be a coupon for a local electronics store.  And undoubtedly there will be a direct mail piece that contains the wording “pre-screened” or “prequalified”.

So what exactly is a prescreen offer of credit?  A direct mail piece containing a prescreen offer of credit, or “firm offer of credit” are based on information in an individuals credit report that indicates they have met specific criteria set by the business making the offer....