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Pay Per Funding Terms Of
Service
The Terms of
service below focus on Protecting PPF from fraudulent member activities and are
intended to thwart any abuse of our system. If you are an honest member and
follow the PPF terms of service you will enjoy the PPF Network and the terms
below may be irrelevant to you.
The PPF
network reserves the right to deny or refuse anyone the right to use our network
without cause. By signing up with the PPF network you understand and agree to
the terms and conditions herein. When using the PPF network system you must work
the leads using the “LEADS” system which we provide and use to track the
progress of leads and loan deals in the works. You must keep notes on the leads
you call and accurate details on all loan deals you are working using the LEADS
system. You must notify us the day you have a deal locked in (A deal that is
going to fund). You must work, call, attempt to close and contact all of the
mortgage lead inventory PPF supplies you VIA the LEADS management system
*failure to do so will result in the termination of your account and you agree
to forfeit any funds in your account to PPF. PPF monitors your companies
marketing efforts with the included LEADS system. All leads are in your own
LEADS system account and we track all phases of your prospecting. If at anytime
we see any abuse or members trying to cheat the PPF system by “ghosting” or
hiding loan deals your account will be suspended and any funds in your security
and your yearly fee forfeited.
All services and payments sent to PPF are guaranteed by the member. If for any
reason your payment is rejected, declined or reversed, you give PPF permission
to draft any alternative accounts and/or to use any information you have
provided us to collect on the debt. You will be responsible for any collection,
bank and/or attorney fees that PPF incurs due to defaulted payments or balances
owed. PPF reports to the primary account holders credit report and collection
agencies if payments are owed and are 30 days past due.
Security Deposit Payment: The Security payment method in short is where you
deposit money in to your PPF account to secure leads and service. Upon
closing a loan deal the funds are pulled from this account. All new members must
start an escrow account of at least $1000.00 (2 guaranteed loan deals). After
the initial escrow is used you will be billed directly by email, mail or fax.
Cancellation: At anytime PPF reserves the right to cancel your account if you
violate any of our terms written, expressed, or implied. Members who violate our
terms of service may not be entitled to a refund.
Members of PPF agree and understand that PPF can not control the quality
of prospects and nor can we guarantee a set contact or close ratio. PPF provides
leads of homeowners who have recently or directly requested a loan agent to
contact them about a home loan.
PPF mortgage leads are DNC compliant when added to your account. If you
decide to work back-logs of leads or older leads (90 days or older) in your
account it is your responsibility to re-check the DNC.
Refunds: If you request to cancel your account or your account is
terminated and you feel you are entitled to a refund you must make your refund
request within 30 days in writing. All refund will be sent within a 30 days
after a 60 day grace period which allows us to monitor your account for any
possible closed loans that occur after your account is closed.
90 Day
Money Back Guarantee: If after ninety days of working the PPF system you have
not closed a loan deal or have deals in the “pipeline” that are pending, PPF may
terminate your account and refund any monies owed to you. You may cancel your
account after 90 days if the above mentioned occurs and request a refund of your
security deposit in full and your yearly $1200.00 fee, which will be prorated at
$100.00 per month.
Down
Time: The PPF is on a secure server network using state of the art facilities,
hardware and software. PPF is not responsible for any downtime, data loss, or
deal losses that may occur from acts of god or other technical issues. We do
back up data on a daily basis and have battery backed up servers and power
generators in place incase of power loss.
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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.
>
Read More About Our Service…
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