Presentation on theme: "Help People and Fill your Pipeline! So, you have a buyer, he has a 599 FICO Score. Dont panic, put him in your pipeline. Then your next buyer calls, and."— Presentation transcript:
Help People and Fill your Pipeline! So, you have a buyer, he has a 599 FICO Score. Dont panic, put him in your pipeline. Then your next buyer calls, and they have a 578 FICO Score. Dont worry, put them in your pipeline! Then your next calls comes in as a referral from a preferred agent who just showed them a cute house she listed, but they have a 602 score. Dont Worry! Put them in your pipeline. You may not be able to help them become your Agents next buyer, but we can help you 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 another home. Why fill up your pipeline like this? Because what comes out the other end of your pipeline! A 640 FICO Score and we all know what that means! MORE COMMISSIONS AND 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 we roll can roll in the total cost into our loan processing fee at closing as a seller concession. Thats right no large up-front cost for your borrower to lay out that sending them to a credit repair services requires. Once we have your clients FICO score at or above 640 well work with you and your Agent in the transaction to help structure the Fee Sheet to provide to your Agent and assist them with structuring the deal so seller concession are applied in a manner to benefits the borrower, seller, agent and you, then package your loan application for 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.
Talk 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 and just as many client that will be coming to see you can see their score increase to 640 in 90 days or less.
Credit scores are about the biggest reason why you cant get loans 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
Before we can start, we need A signed 1003 and Calyx Point File An Initial Fee Worksheet, GFE and TIL Current Rate Sheet and intended loan program An Authorization to Release Copy of your clients Drivers License Copy of your clients Social Security Card Proof of Address
But: credit repair alone doesnt work. It is only 30% of the total score. Since we are a Contract Loan Processing Company we know how to look at the whole pie. 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 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 can be credited back to your client at closing on purchase transactions. As opposed to $800 to a typical credit repair company who doesnt have the same motivations as you to get your borrowers FICO Score to 640 as soon as possible. $300 enrollment fee that can be credited back to your client at closing on purchase transactions. As opposed to $800 to a typical credit repair company who doesnt have the same motivations as you to get your borrowers FICO Score to 640 as soon as possible. How does it work? Brokers Best Contract Loan Processing reviews 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 Officers and Real Estate Agents as a partner in the transaction and do our part to structure the deal so your client closes and we can expense the credit repair as part of the mortgage transaction because we are a Contract Loan Processing Company. Brokers Best Contract Loan Processing reviews 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 Officers and Real Estate Agents as a partner in the transaction and do our part to structure the deal so your client closes and we can expense the credit repair as part of the mortgage transaction because we are a Contract Loan Processing Company. How long does it take? Average customer sees 80 to 100 point increases in as little as two to four months. Average customer sees 80 to 100 point increases in as little as two to four 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 $300.00 We only charge a small up-front fee $300.00 to offset the cost to improve your client FICO to offset the cost to improve your client FICO Score and we dont charge any addition fees Score and we dont charge any addition fees until your loan closes. until your loan closes. We have 80 years of combines experience We have 80 years of combines experience servicing the Mortgage Industry. servicing the Mortgage Industry. Dedicated Customer Service 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? Because you had, have or about to schedule a loan application with the exact the type of borrower we are experienced and committee to helping.
Ready to Get Started? Contract us at (214) 295-8573. Our contract loan processing is easy to work with and we do need to assign you a loan processor, get your information in our database and assess who your lenders and service providers are to provide you the best possible service.