Elvis Isn't Dead.
One of the greatest direct-to-consumer performers in the history of the mortgage industry has been the refinance boom we’ve enjoyed since 2008. Our...
When analyzing a sample of predictive alerts over the past year, we found that the conversion on predictive produced an average cost per closed loan of $207, based on alert fees.* The response rate was 4% for inbound calls. As expected, the inquiry alerts have a higher conversion, with a cost per closed loan around $117 on average.
It's springtime, you are busy. You don't need to call all of your predictive alerts in order to be successful, in fact, in the spring many users don't. With inbound call response averaging 4%, we recommend leaving predictive running on auto-pilot!
To learn more about predictive alerts, see Predictive Alerts - What are they?
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One of the greatest direct-to-consumer performers in the history of the mortgage industry has been the refinance boom we’ve enjoyed since 2008. Our...
MonitorBase is a borrower analytics platform that lets you mine origination opportunities from your contact database. Many of our clients ask for...
Many loan originators have recently spent upwards of $600 on credit reports. This can be detrimental when spending that much on credit reports...