Presentation on theme: "Help People and Fill your Pipeline! So, you have a buyer, he has a 599. Dont panic, put him in your pipeline. Then your next buyer calls, and they have."— Presentation transcript:
Help People and Fill your Pipeline! So, you have a buyer, he has a 599. Dont panic, put him in your pipeline. Then your next buyer calls, and they have a 578. Dont worry, put them in your pipeline! Then your next one calls as a referral from your preferred agent who just showed them a cute house you she just listed, but they have a 602 score. Dont Worry! Put them in your pipeline. You may not be able to help them become your preferred Agents next buyer, but you can get their FICO score to 640 and send them back to your preferred Agent with a pre-qualification letter in hand and ready to close once she can find them a home. Why? Because what comes out the other end of your pipeline! A 640 FICO Score and we all know what that means! MORE COMMISSIONS AND MORE REFERRALS New 640 FICO 602 FICO 478 FICO 599 FICO
Brokers Best Contract Loan Processings FICO Improvement Value Added Service is offered exclusively to Mortgage Brokers and their borrowers to help rebuild your clients FICO Score and rolls the cost into our loan processing fee. The cost can then can be paid at closing as a seller concession. Once we have your clients FICO score at or above 640 well work with your preferred Agents so they can negotiate the right purchase agreement, assist you in creating a Fee Sheet, GFE and TIL, submit your loan package to your lender, clear all conditions, ordered docs, and schedule the closing.
People are not a number. But they live with three very important numbers and you now have a unique opportunity to improve them, while not having to send the to a credit repair service who may or may not accomplish the goal of a 640 FICO Score you need to get them in to an A Paper Mortgage.
Talking to your customer about their credit situation: Offer a solution, offer a target mortgage closing date that other Loan Officers havent. We specialize in FICO Improvement to 640. Include your clients FICO Improvement Service as part of mortgage transaction and pass the cost of credit repair on to the seller at closing. 75% of your clients you have rejected in the past, due to FICO scores can see their score increase to 640 in 90 days or less.
Credit scores determine if you can get the loan closed and make the commissions you deserve! Brokers Best Contract Loan Processing can help your accomplish this goal again and again!
Cost of bad credit on your clients score, just released from FICO. Maxed out cards -10 to -30 pts 30 day late payment -60 to -80 pts Debt Settlement -45 to -65 pts Foreclosure -80 to -105 pts Bankruptcy -130 to -150 pts
We work with you clients to dispute any discrepancies on their credit report
But: credit repair alone doesnt work. It is only 30% of the total score. 30% Credit Score 35% Ratios/DTI 10% Job Stability 10% Assets 15% Property
30% of score = credit accounts Brokers Best Contract Loan Processing has a credit program where your clients can get up a new credit line up to $5000 to help boost their credit score!
We work with your clients to help them understand how reducing their credit balances or getting their credit limits raised increases their credit score Raise Credit Limits Lower Balances
Questions Most Clients Ask: How much does it cost? $300 enrollment fee that is credited back to your client at closing on purchase transactions. As opposed to $800 to a typical credit repair company and no guarantee of resolute. How does it work? Brokers Best Contract Loan Processing audits your client credit report and challenges everything that may be negatively affecting their score thru relentless, vigorous legal challenges. We also work with the loan officer and real estate agent to advise them on how to structure the purchase agreement so you client and pass the expense of credit repair to the seller through seller concessions. How long does it take? Average customer sees 80 to 100 point increases in 3 to 4 months.
Why Brokers Best Contract Loan Processing? BBCLP helps loan officers increase their loan closings by providing exceptional Loan Processing and FICO Improvement. BBCLP can provide FICO Improvement and passes the cost on to the seller on purchase passes the cost on to the seller on purchase transactions. Your clients have nothing to transactions. Your clients have nothing to loss and everything to gain when you use our loss and everything to gain when you use our Loan Processing and FICO Improvement Loan Processing and FICO Improvement services. services. We only charge a small up-front fee to offset the cost to improve your client FICO Score the cost to improve your client FICO Score and we dont charge any addition fees until and we dont charge any addition fees until your loan closes. your loan closes. We have 80 years of combines experience servicing the Mortgage Industry. servicing the Mortgage Industry. Dedicated Customer Service
Benefits For You the Loan Officer We review your clients credit file and help you structure the loan transaction to make hard to originate loans close. We have proven techniques to boost your client FICO scores 80 to 100 pts We have the industrys lowest out of pocket cost. We can pass the cost of FICO Improvement to the seller on your loan transaction Loans you had to turn down due to low FICO scores can now be brought back to life and you dont have to turn down applications tomorrow. We keep you in the center of the transaction. No longer do you have to refer your client to some unknown credit repair service and hope to hear back from our customers in 3 to 6 months.
Why get started with Brokers Best Contract Loan Processing now? Because you had, have or about to schedule a loan application with the exact the type of borrower we are discussing today.
So, are you ready to Get Started with Brokers Best Contract Loan Processing today? Contract an Account Representative to get started. Our loan processing agreement is non binding and can be terminated at any time; you dont have any up front cost; but we do need to assign you a loan processor and get your information in our database and assess who your lenders are go provide you the best possible service.