I am new in the mortgage business. Does anyone know how to obtain records of people that have adjustable rate mortgage loans in order to get the people to refinance into a fixed rate?
2007-04-13 08:31:47 · 6 answers · asked by Buff 3 in Business & Finance ➔ Personal Finance
Its called a farm list. Call your local title company, preferably one that your company has a good relationship with, and ask for a farm list. You will need to give the title rep some specific info like, a zip code or a pecific city or area of a city. You can then ask for people with 5 yr arms or 3 yr arms or whatever. They usually will get the list out to you in a couple days.
Since you are new to the business I would Highly recomend that you listen to The Dave and J Show. These guys are mortgage professionals and by listening to them you will learn a lot! you can listen to their radio show online at www.daveandj.com. You can also listen to them on iTunes.
You can also email them with questions and the will answer them on the show. take care!
2007-04-14 07:51:52 · answer #1 · answered by Justin Lair 2 · 1⤊ 0⤋
The only way that I know of is to go down to the County records department. All mortgages are public record and can be seen by anyone. This will take time however and you may piss a LOT of people of by they unsolicited contact. You may want to consider advertising in local papers, television, radio or even professionally printed fliers. That way your customers call YOU and are less hostile when someone calls.
2007-04-13 08:36:52 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Good day,
If I had to recommend you one, it would be SalesGenie.com, they have a lot of sales leads that you may use to get started. I would not suggest contacting a title company, unless the company that you are working with has an affiliation with them. It is illegal for a title company to provide thoes type of leads, and you may be liable as well as them and probably loose your mortgage license. Me being a part owner of a title company here in FL can not risk my business
2007-04-13 09:46:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can purchase a list of leads like that from a number of sources. I have frequently used Hugo Dunhill, and InfoUSA is also a popular source.
2007-04-13 08:36:34 · answer #4 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋
You can go to your PR (portfolio retention) division and see who's mtg will be adjusting.
2007-04-13 08:36:10 · answer #5 · answered by Scott M 1 · 0⤊ 0⤋
yes ask a title rep, and he or she will get you the list...if you need any questions answered. just email me.
2007-04-13 08:36:13 · answer #6 · answered by Tony M 3 · 0⤊ 0⤋