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Frequently Asked Questions
How many leads do we get to work weekly?
The amount of leads we add to your account varies
depending on your close ratio. If you are closing a high
% of leads we will give you more and more to close.
How often do you ad leads to our PPF account?
We add leads on a daily or weekly basis. Depending on
what type of loan shop you have. We want to give you a
lot of leads so you will close a lot of leads because we
only make money if you make money.
How much is it to use PPF?
You will pay a yearly license fee to be a member, which
covers the LEADS system and administration time and
resources that we handle. You are only charged $500.00
per each lead that you close.
How many members do you have?
We have dozens of members in each state.
How many members get the same lead?
Leads are shared and set to a total of 3 lenders in the
PPF Network.
How do you track what we close?
We have a staff that monitors your progress using the
LEADS lead management system.
What happens if I close a loan and don’t make a note of
that in the lead app system?
We WILL find out and your account will be terminated and
you will forfeit all funding your account and escrow
account.
What is the escrow account?
The escrow account is an account that you deposit funds
in to so you can keep getting leads from us. Each lead
you close will deduct $500.00 from the escrow account.
How much do I have to put in an escrow account?
You can put as little as 2 closing funds in there
$1000.00 and replenish when it gets low. The more funds you place in escrow the better. We offer discounts
and free closings for large escrow deposits.
Is the escrow account refundable?
No. Once you place funds in to the escrow account your
funds are there to cover closings.
What is the closing ratio on the leads you put in to my
account?
It varies. Some accounts close more than others. The
leads are good and you should close 1 out of 10 leads we
provide at least.
Where do the leads come from?
We have a relationship with dozens of mortgage lead
providers that sell us their unsold leads on a daily
basis. The leads will be fresh and looking to do
business.
Do you generate leads?
No we offer a service that lets you pay per funding or
closing. We do not sell leads. We sell closed mortgage
deals.
Do you offer tech support?
Yes we have 24 hour tech support by email and phone.
How long have you been in business?
We have been in the mortgage and marketing field for
over 15 years, the PPF network is a new system that was
launched Dec 2006.
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What would
you pay for a mortgage lead that is
guaranteed to close?
We recently did a market survey and asked
over 1000 members of the NAMB what they
would pay per lead that was guaranteed to
lead to a closing. The answers we got ranged
from $300.00 - $1000.00.
With our unique service you only pay for
leads that close. You can become a member of
our PPF network and only pay for leads on a
CPA (Cost Per Acquisition) basis.
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