Jumbo loans are one of the ‘big kahunas’ of the industry.
Because the loan amount is so high - $417,000 or higher -
commissions are excellent. This is a simple program that
promotes the new, lower rates available today, and we quote
a specific payment in the letter, typically on a 15-year
loan. Sometimes, just asking for the business will actually
get you the business.
We have two basic list options for jumbo loans:
1. County courthouse file. We start by selecting loan
amount, $417,000+, and then we filter based on loan date,
loan age, and even lender name if you like. We can also
factor in presence of a second mortgage, or any
demographics. You would be amazed at how specific we can get
with demographics on the courthouse file! Cost is 8¢ per
name plus extra for demographic selects.
GOOD: Total Cost Per Mailer =
55¢ per
unit
This is inclusive of all creative, printing and mailing
fees, inclusive of Standard Class Postage and County
Courthouse Data.
2. Credit bureau / pre-approved file. The advantage of using
the credit bureau file is that we can look at late payments,
FICO, total mortgage debt load, total unsecured and credit
card debt load, etc. So you can select people with good
credit but high credit card debt or high total mortgage
debt, and offer to bundle all of the debt into a new loan at
today’s low rates.
BEST: Total Cost Per Mailer =
65¢ per
unit
This is inclusive of all creative, printing and mailing
fees, inclusive of Standard Class Postage and Pre-Approved
Credit Bureau Data.


To order today, please call
Erik Burnett at 1-800-843-8861 ext. 14, or send Erik an
email by clicking
HERE.
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