By Jay Conners

These days with the mortgage industry being the way it is, mortgage brokers and loan officers may be finding it tougher and tougher to close deals for people with poor credit.

Although avoiding poor credit mortgage leads all together may not seem like such a bad idea these days for some loan officers, all may not be lost.

If you are willing to reconsider the purchasing of mortgage leads with poor credit, here are a few things to look for.

For starters, look for a mortgage lead company that allows for you to view your mortgage lead before you buy it.

Also, make sure the mortgage leads you buy are fresh mortgage leads. Avoid the recycled mortgage leads because the information will be dated and inaccurate.

Most mortgage lead companies have a comment section on their mortgage leads. The comment section allows for the consumer to get a little more specific so a loan officer such as yourself will have a better understanding of their needs.

By having the ability to view a mortgage lead in its entirety including a comment section, you will be able to get a good handle on the customer’s situation, what their needs are and wether or not you believe you have the resources to help them.

For instance, if the customer lists their credit score in the comment section of the mortgage lead, you will have a very clear idea of what you will be working with and if you have lenders available to go to should you buy the mortgage lead.

If the customer posts a comment such as ‘In foreclosure, the bank is coming tomorrow, need help fast,’ You will know that it is too late to help this person and to avoid buying the mortgage lead.

In short, viewing a mortgage lead with a comment section can give you the best indication as to wether or not you have the resources available to you to help the person.

As you already know, the LTV plays a huge role when it comes to a financial institutions decision as to wether or not they will fund the loan.

So look for the mortgage leads where the customer has a lot of equity in their home. This will help soften the blow when it comes to poor credit, or at least help their chances of being approved.

Another thing you can do is expand your resources, seek out the wholesale lenders who will still consider working with poor credit.

I realize finding these lenders will be tough, but the more tools you have to work with and the more lenders you have relationships with, the more deals you will close.

About the Author: Jay Conners has more than seventeen years of experience in the banking and Mortgage Industry. He is the owner of jconners.com, a mortgage marketing and resource site for loan officers. He is also the owner of callprospect.com, a mortgage lead company.

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By Penny Lane

How could the stock trading software or stock market software help you? Are you thinking of a career in stock trading? This is really good; a superb choice of career provided you have the experience and patience to beat the odds that come up from time to time in market. Are you equipped to sustain yourself throughout the economy? Most people think that stock trading is a child’s play and anyone can do it with the help of a little practice and some solid investment tips.

1. Myth versus truth – Nothing can be further from truth. Yes, it is true that day stock trading can result in some substantial fortunes; but this is definitely something that results from guesses, no matter how intelligent these would be. People who can really cash on such trading are those with years of experience and expertise in investments. Stock market is definitely not a gamble. Anyone who thinks it is going to be in big trouble.

2. Real life results – This is where the software will help you. You can use it to simulate real market scenarios and check what the results of your judgment could be. Most people who try out such software programs are shocked with the results they get. This could be actually the best hands-on tutor you can ever have.

3. The acid test – If you pride yourself with enough intelligence to ensure success in this line, try your expertise with the software first. The lessons you would get from the simulation exercises are often sobering. Did you know that eighty-seven percent of the people venturing in this market fold in the first year? Out of these more than fifty-five percent would be in serious debt by the time they exit for instead of learning from their mistakes, they plunge on treating this profession as a gamble rather than a field where rational investment strategies and techniques are needed.

4. Your personal tutor – You can have free software programs and paid ones – depending upon the exercises you choose to use for the warming sessions. The free programs are in most cases as good as the paid ones, but if you plan to use this program as an experience building exercise use the paid ones for they have more in-depth and complex simulations of the market/ economy conditions.

5. Trial to know whether you are meant for this field or not – it is advisable to use the simulating program for 6-12 months and see whether you can subsist on the tension and involvement this field demands. The stock market does not allow you to rest or sometimes even blink. You need to be astute and very observant about the performances of various blue chip companies if you looking forward to making some serious money.

While you are undergoing this test, you will realize how difficult it is to forecast accurately how the market behaves and where should your investment be focused. Fortunately, the software would help you learn all this without losing any money.

About the Author: Penny Lane recently purchased a stock trading software course from an online store. She learned a lot from her stock market software course.

Source: isnare.com

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