|
I was out on the town tonight and saw some pretty jerky behavior, so I
thought it was as good a time as any to mention this salient fact;
there are a lot of jerks in the world and fully one-third of them seem
to have gotten into the lead business of late. False promises,
underdelivered results, thats the MO of a lead jerk, beware. Who is the
worst lead company? I am not naming names, but a hint has been placed,
can you find it, my dear readers? I've great faith that you can. King
of the jerks.
Happy wrote:
> http://forum.brokeroutpost.com/loans/forum/2/38951.htm
>
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> Search for: Who was the all time Worst Lead Vendor ?.
> Related tags: [leads, scam, ]
>
>
> Author Previous Topic | Next Topic
> a11b22
>
>
> 2 Posts
> Posted - 05/26/2006 : 12:43:15 PM
>
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>
> Hello all, I have been reading this board for some time as a lurker and
> have found it really informative and helpful. I thought it was time to
> begin to contribute and so I just registered. My first post is going to
> hopefully elicit some emotional responses? Who is the worst lead
> vendor/supplier you have ever dealt with? who has lied, cheated and
> scammed you worse than any of the others? I of course have my personal
> 'favorite' and quite a story it is, but before I let loose with my
> calvacade of sorrow and treachery, i'd like to hear who makes your
> list.
>
> Tsnyder
>
>
> 2808 Posts
> Posted - 05/26/2006 : 1:04:13 PM
>
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>
> I think you could throw most of them in a
> hat, draw a name, and not be wrong... lol
>
> Tsnyder
>
>
> blokk
>
>
> 561 Posts
> Posted - 05/26/2006 : 1:08:56 PM
>
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>
> Lending Hope on my list
>
>
> sugar land
>
>
> 130 Posts
> Posted - 05/26/2006 : 1:59:33 PM
>
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>
> Netskrill!
>
>
>
> abed_converimax
>
>
> 204 Posts
> Posted - 05/26/2006 : 2:08:19 PM
>
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>
> WETLEADS
>
> LEADBULL
>
>
>
> GolfLoaner
>
>
> 334 Posts
> Posted - 05/26/2006 : 2:23:22 PM
>
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>
> I agree. Netskrill. He's since been banned from the site, but if you
> see that name, run away.
>
> Oh yeah, and Leadbull. These guys are horrible. 100% of the leads are
> bogus.
>
>
>
> quote:
>
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> Originally posted by sugar land
>
> Netskrill!
>
>
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>
>
>
> midas
>
>
> 4232 Posts
> Posted - 05/26/2006 : 5:13:42 PM
>
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>
> lendinghope
>
>
> chezwick
>
>
> 2446 Posts
> Posted - 05/26/2006 : 6:10:32 PM
>
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>
> Avoid these unscrupulous "lead" websites:
>
> www.HotSatinLeads.com
> www.LeadExorcist.com
> www.DaVinciCodeLeads.com
> www.MutantLeads.com
> www.TheLeadLessTraveled.com
> www.RichLeadPoorLead.com
>
>
>
>
>
> quote:
>
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> Originally posted by midas
>
> lendinghope
>
>
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>
>
>
>
> gwagner
>
>
> 893 Posts
> Posted - 05/26/2006 : 7:30:26 PM
>
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>
> quote:
>
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> Originally posted by chezwick
>
> Avoid these unscrupulous "lead" websites:
>
> www.HotSatinLeads.com
> www.LeadExorcist.com
> www.DaVinciCodeLeads.com
> www.MutantLeads.com
> www.TheLeadLessTraveled.com
> www.RichLeadPoorLead.com
>
>
>
>
>
> quote:
>
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> Originally posted by midas
>
> lendinghope
>
>
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>
>
>
>
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>
>
>
> Dag nab it chezwick www.DaVinciCodeLeads.com was suposed to be a
> SECRET!! PLEASE tell me that you didn't tell them about
> www.theknightsoftemplar.com TOO.
>
>
>
> badam61
>
>
> 287 Posts
> Posted - 05/27/2006 : 4:19:19 PM
>
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>
> Alansis.....(or "scam-lansis" as Erik says...still laughing over that
> one!)
>
>
> a11b22
>
>
> 2 Posts
> Posted - 05/30/2006 : 2:36:02 PM
>
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>
> Well, I've heard of some of these outfits before, and now I'll be
> sure to avoid them. Let me add my vote for Worst Lead Company, americas
> lead source http://www.americasleadsource.comI just checked their
> website again, its changed from when I purchased my leads from them 4
> weeks ago, look good, that must be where my money went, it certainly
> did not go into getting good quality leads! Long story short, they
> promised the moon, delivered . . . well, put it this way, calling their
> leads excrement is being charitable.
>
>
> jandrews
>
>
> 590 Posts
> Posted - 05/31/2006 : 07:57:42 AM
>
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>
> Tele Ten out of CA and YES Lending Hope -
>
>
> blokk
>
>
> 561 Posts
> Posted - 05/31/2006 : 10:09:00 AM
>
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>
> I'd like to say Lending Hope again, in case noone got the message.
>
> LENDING HOPE!!!!
>
>
> csmith51
>
>
> 94 Posts
> Posted - 06/01/2006 : 07:37:41 AM
>
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>
> Never use www.netleads.com, never had one pan out.
>
>
> jmbradburn
>
>
> 53 Posts
> Posted - 06/01/2006 : 3:01:03 PM
>
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>
> As a Lead Provider myself I cannot believe brokers buy leads from some
> of these companies. I talk to brokers everyday and we have never been
> on any list in regards to poor leads...and I still find it hard for
> brokers to buy Experian's quality product. I guess people get what they
> pay for and will justify getting burned when they only have to output
> $10-$20 a lead. We have been providing double scrubbed telemarketed
> leads from Experian for the last 5 years and are yet to be on a "worst
> lead provider" list I guess thats why we have 70% client retention
>
> Point being---what do people expect when they buy $5-$10 leads from
> these companies
>
>
> abibbs
>
>
> 734 Posts
> Posted - 06/01/2006 : 11:13:05 PM
>
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>
> Paul Horner (Netskrill) was certainly the funniest. He swore up and
> down the Church of Scientology was after him and even posted storys
> about it on SEVERAL web sites.
>
> And for any of you who didnt grow up around (Bay Area)Rap/Hip-Hop,
> Skrill is slang for, yes, CASH.
>
> Hence the word "Skrillionaire". I had a hard time taking someone
> serious that named their "company" Net Skrill. I dont think people even
> use that word anymore. Well, not COOL people anyway. ;]
>
>
> MortgagePimp
>
>
> 62 Posts
> Posted - 06/02/2006 : 06:13:12 AM
>
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>
> I know its been mentioned a couple of time already but incase anybody
> missed it. LENDING HOPE!......Looks like they are in the lead for the
> worst.
>
>
> midas
>
>
> 4232 Posts
> Posted - 06/02/2006 : 08:04:42 AM
>
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>
> lendinghope is still calling me soliciting business after they stole
> over $7000 from me. they run under the name m revolution now please
> call douglas shedd 877-536-3467 ext238 and demand they pay back
> everyones money that they have stolen. we made enough impact to make
> them change their name so if we keep the pressure on they will have to
> close down or pay us back. douglas@mrevolution.com please help me out
> so no one else has to suffer.
>
>
> azbroker
>
>
> 826 Posts
> Posted - 06/02/2006 : 10:55:24 PM
>
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>
> Alanis without a doubt. Horrible...
>
>
> blokk
>
>
> 561 Posts
> Posted - 06/03/2006 : 03:30:36 AM
>
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>
> Lendinghope! Again
>
>
>
> jwcooke
>
>
> 142 Posts
> Posted - 06/03/2006 : 10:55:30 AM
>
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>
> Teleten for us. Just a terrible company.
>
>
> 11Bravo
>
>
> 46 Posts
> Posted - 06/06/2006 : 9:02:13 PM
>
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>
> I realize that this is about the BAD GUYS. But, I think there is a lot
> to consider when discussing the lead vs the company you bought them
> from and under what conditions you bought them. Certainly, in these
> days of electronic long-range business dealings where the average guy
> does business NATIONWIDE over the internet, it is predictable that
> scams will abound. Twenty years ago, if you dealt with a product or
> service on a national basis, chances are you had great references, and
> introduction, etc. Today, a guy throws up a cheap website, starts
> spamming the hell out of you, and after a year of spamming you think
> he's legit. RULE 1: ALWAYS GET REFERENCES IN AT LEAST TWO OTHER STATES
> THAN WHERE THE SELLER IS. This only helps, but does not guarantee that
> he is legit, as he might have buddies all over the nation, all doing
> the same thing, selling the same leads over and over and over.
>
> We used to spend between 10 and 15K a month on leads from various
> sources. We did quite a bit of research before selecting from whom we
> would purchase leads. Often, the leads were bogus, but not because of
> the lead seller, alone. It is a combination of "somewhat" deceptive
> marketing by the lead generator and an unwillingness by the borrower to
> come off of his/her personal information.
>
> Here is how it typically works;
> The borrower logs on at Yahoo or MSN, etc. While surfing, or posting
> messages, doing emails, he sees banners everywhere. Eventually he
> clicks one. They see flashing lites that say "QUICK MORTGAGE RATES
> NOW!" The person figures "Okay! I can compare my rate with this"
> In order to do that, borrower needs to give up some info, which creates
> the lead.
> Borrower/savvy internet users knows the game and becomes Magilla
> Gorilla or Superman, at 1234 Main st in Bumpharg, Idaho. When the form
> is complete and Superman clicks the button, his suspicions are confimed
> and, instead of rates, he gets Bubkus...and a note that tells him that
> he can now choose from a list and have up to 4 lenders contact him to
> quote him a rate. HAHAHHAHA... now, he gets the privilege of having not
> ONE, but FOUR calls, right in a row! One after the other..at work!
> Niiiiicceee!! If you are the fourth guy, how bad do think this guy
> wants to talk to you?
>
> First guy who calls the trusting borrower, (who really fills the lead
> form out with real information.. not really a savvy guy), quotes some
> bogus rate, tells them NOT to let anyone else pull credit, lest their
> score will drop... and so on. If the customer falls for that bull, then
> the lead will come alive again in about 6 weeks, right after that poor
> sap finds out he has been lied to about the rate, etc. Save the ones
> you failed to convert that first day and then use them, again. I'll
> guarantee you that any of them who had even decent credit and still
> do not have a loan, will think they are hearing angels sing when you
> call.
>
> I think the ratio of real people filling out those things, (from legit
> companies)was at best, 50%. If the name was right, phone was not, email
> was not, etc. Different companies have different ideas as to exactly
> WHAT constitutes a lead. I believe the closing ratio was in the 1%
> range.
>
> So, do I've a hated lead guy? No. I think the people we did business
> with gave us what they said they would. They never told us that EVERY
> LEAD WOULD BE LEGIT and offered to give us credit for the super hero
> leads.
>
> Leads are only as good as the intention of the borrower.
>
>
>
>
> jwcooke
>
>
> 142 Posts
> Posted - 06/06/2006 : 10:00:34 PM
>
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>
> 11Bravo,
>
> You said, "Leads are only as good as the intention of the borrower."
>
> While that may be true, companies that sell leads without a thought to
> the "intention of the borrower" are probably the companies listed here
> in this post.
>
> I will agree that a "legitimate" lead is somewhat relative. What counts
> for one LO may not count for another...but absolutey bogus leads or
> companies who don't complete their orders is a different story. I have
> done business with lead providers we had little success with, but I
> would not list them as a "bad lead provider". It's just that the
> particular batch we received from their company didn't work...I think
> most people can tell the difference.
>
> I do feel for the good lead companies though. How frustrating it must
> be as a good lead provider to send your good leads to crappy closers
> and then have them come on a forum like this and ***** about the
> company. If I ran a lead company, I think I'd interview LO's
> considering using my service and listen to their sales pitch. If I
> delivered live transfers, I'd listen to the conversation and make
> sure they knew how to take an application and set themselves up to sell
> the loan.
>
> Really, I've three requirements of lead companies I'm working with
> or considering working with. The borrower has to be interested, (Show
> somewhat of an interest in talking to someone about their situation
> with their mortgage) friendly, (I.E. Doesn't scream and curse at you or
> hang up on you immediately) and financeable. (Have SOME possibility of
> being financed) Other than that, I really put it on the individual LO
> on where it goes from there.
>
> Honestly, what really matters is your ROI...which we measure in cost
> per funded loan. I have found most companies are in the $600-$1000 range,
> with a few above and below that, depending on the company, the
> particular batch, etc. Everything else is just how much time you want
> to spend wasting your time with crappier leads and trying to get credit
> for them.
>
> For example, if a lead company only charges $2.00 per lead, but you
> have to go through 350 of them to have a closed loan, that's quite a
> bit of wasted time calling each one, starting with a customer to have
> them drop out, etc. BUT...if you find a company that charges $250 a
> lead but you can fund one out of four leads, I would MUCH rather use that
> company, even though the cost per funded loan is higher. ($1000 as
> compared to $750 with the other lead company) Even with the higher cost
> per funded loan, the time spent with the second company is so much
> less...it becomes totally worth it as you can "ramp up" with them and
> have a ton of loans closed.
>
>
>
> jmbradburn
>
>
> 53 Posts
> Posted - 06/07/2006 : 09:52:27 AM
>
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>
> 11bravo,
> Have you looked into Experian's new Target Event...their Trigger
> program? I'd be curious as to what you think about it because it is
> producing some great results right now. I'd be more than happy to
> get you the information or go over the product with you. It does
> alleviate some of the issues you stated earlier, that other lead
> generation programs create
> jbradburn@imcmarketing.com
>
>
> feyita
>
>
> 22 Posts
> Posted - 06/08/2006 : 06:41:25 AM
>
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>
> How about we get a little more postitive here in this forum...Who would
> you say is the BEST lead provider out there? I have only used two
> companies so my knowledge is limited. I had the worst results I could
> even imagine with LeadBull, but I have been doing great with
> juicyleads.com....what about you?
>
>
>
> Dennis_IL
>
>
> 189 Posts
> Posted - 06/08/2006 : 11:34:36 AM
>
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>
> quote:
>
--------------------------------------------------------------------------------
> Originally posted by feyita
>
> How about we get a little more postitive here in this forum...Who would
> you say is the BEST lead provider out there? I have only used two
> companies so my knowledge is limited. I had the worst results I could
> even imagine with LeadBull, but I have been doing great with
> juicyleads.com....what about you?
>
>
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>
>
>
> mmmmmm?.....positive?.......mmmmmmmm? Nope! no one comes to mind.
>
>
> tabithanaylor
>
>
> 48 Posts
> Posted - 06/29/2006 : 08:55:31 AM
>
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>
> Yeah, I cant think of any positive ones either. NetLeads was just
> terrible. I think using them was the worst, at least for us here.
>
>
> louisfanucchi
>
>
> 6 Posts
> Posted - 06/29/2006 : 09:13:17 AM
>
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>
> They all suck!!!!!!
>
>
>
> GolfLoaner
>
>
> 334 Posts
> Posted - 06/29/2006 : 11:52:55 AM
>
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>
> I've found none that I'd recommend. It's been said over and over
> again by many different people and it's the truth... Spend your money
> on some form of marketing that will make your phone ring instead. Don't
> buy leads. 99.99999% of the companies are bogus. And good luck finding
> the .00001% that are legit, because anyone working with that .00001% of
> lead providers is not ever going to tell you who they are. They do not
> want to lose all the good leads.
>
> I am sure every lead provider will now chime in and say how they are the
> .00001% that is good. Don't hold your breath. Unless a lead provider
> specifically comes highly recommended from a trusted source, I wouldn't
> even speculate. That's just my opinion after much trial and error. Most
> lead providers lie so much upfront that I swear they actually believe
> what they're saying. Don't believe me? Ask jmbradburn what his closing
> ratio is on his "trigger leads". That one always makes me laugh. If you
> believe the number he posts in response, you deserve the fleecing that
> you'll most likely receive.
>
> Think of lead providers as mortgage brokers, only now you're the
> borrower. They will say anything to "close the deal". They will promise
> the world. Then, when they do not deliver the results, they'll say "hmm,
> that's weird. It must be you, 'cause every other broker we work with is
> closing tons of loans off these." Lead providers are like that dreaded
> broker that you never want to have to sell against. The one who will
> lie and say whatever it takes to steal the loan from you. And just like
> the cheating broker who will "bait and switch" the borrower after they
> have them on the hook, so too will you be "baited and switched." Except
> by the time you realize it, it's already too late. They've already got
> your money and you've signed a contract that says you're entitled to $0
> if you're not happy. And I thought brokers were bad.
>
> I say all of this in an effort to save you from the same fate that many
> of us here have already experienced. Learn from our mistakes and save
> your money.
>
> So I guess what I am saying is do not buy leads if you can help it.
>
>
>
> quote:
>
--------------------------------------------------------------------------------
> Originally posted by feyita
>
> How about we get a little more postitive here in this forum...Who would
> you say is the BEST lead provider out there? I have only used two
> companies so my knowledge is limited. I had the worst results I could
> even imagine with LeadBull, but I have been doing great with
> juicyleads.com....what about you?
>
>
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>
>
>
> feyita
>
>
> 22 Posts
> Posted - 06/29/2006 : 12:21:37 PM
>
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>
> Well, to speak out against that I'm having good luck with my lead
> provider and I'm more than willing to tell you who they are, I just
> chose not say anything out in the open forum bceause I have seen to many
> lead salesmen chim ein. As some of you know from having e-mailed me I
> have told you who I'm working with. The company that I get my leads
> from never made me unrealistic promises or tried to sell me on hype.
> Actually they were the lowest numbers that anyone promised me and they
> have delivered enough return that I continue to buy. I guess according
> to GolfLoaner I just won the lottery. Trigger leads are BS and I have
> known that for awhile and I am new to this industry. With these leads I
> consider it a FORM of marketing, not my ONLY form of marketing. Follow
> up wioth me if you want, but I just do not think it is good to get
> together in a forum that could do so much good and gossip like hens.
>
>
>
> loanbanker
>
>
> 639 Posts
> Posted - 06/29/2006 : 1:08:42 PM
>
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>
> definitely LEADBULL and leads-for-less.com
>
> What I dont get is with all the people who have been burned on leads,
> why arent you all premium members generating your own leads for 10
> bucks a month?
>
>
>
>
> erikwebster
>
>
> 552 Posts
> Posted - 06/30/2006 : 6:35:30 PM
>
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>
> Ring India, resold exclusive telemarking leads.
>
>
> rayray
>
>
> 36 Posts
> Posted - 07/01/2006 : 02:33:01 AM
>
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>
> i bought 25 leads from paul at netskrill. didn't close any, but had
> good conversations with most of them. i copied his system for lead
> generation and now get 3-5 'purchase' lead applications a week
> completed on my website. best $100 dollars i have ever spent on leads.
>
>
> erikwebster
>
>
> 552 Posts
> Posted - 07/02/2006 : 9:57:28 PM
>
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>
> quote:
>
--------------------------------------------------------------------------------
> Originally posted by rayray
>
> i bought 25 leads from paul at netskrill. didn't close any, but had
> good conversations with most of them. i copied his system for lead
> generation and now get 3-5 'purchase' lead applications a week
> completed on my website. best $100 dollars i have ever spent on leads.
>
>
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>
>
>
> Whats his system?
>
>
> jmbradburn
>
>
> 53 Posts
> Posted - 07/05/2006 : 09:03:52 AM
>
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>
> Golfloaner,
> First off no need to bring me into this until you have tried the leads
> and have first hand knowledge. That is why the money back guarantee is
> there..for people like you, if you would try them rather than slander
> and they didnt work out then you could get your money back. Also why do
> you think we have 80-85% renewal business on these leads...I dont think
> people would buy again if they got burnt. Oh and how would we have been
> in business for the last 10 years. Alot of people have been burned and
> that gives the solid lead providers a bad wrap also.
>
>
> blokk
>
>
> 561 Posts
> Posted - 07/06/2006 : 10:26:52 AM
>
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>
> I've to say it one more time....Lendinghope
>
>
> hoangad
>
>
> 467 Posts
> Posted - 07/06/2006 : 2:44:49 PM
>
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>
> lol at lending hope leads.
>
> realdealphil lol
>
>
>
> cachebroker
>
>
> 802 Posts
> Posted - 07/06/2006 : 2:57:32 PM
>
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>
> quote:
>
--------------------------------------------------------------------------------
> Originally posted by erikwebster
> Whats his system?
>
>
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>
>
>
> his system was simple. He would advertise 100% Owner Will carry/ Lease
> option homes on Craigslist or any other free web advertisement out
> there. So, these folks would go on to his website to put in their
> contact info and then he'd sell them for about $5/each. The "borrower"
> who didnt think they'd be eligible for a loan in the 1st place(hence
> inquiring about 100% carry back financing) now get a call from a
> mortgage broker who will then spend $25 on them by pulling credit only
> to see the massive lists of collections and BKs on their report.
>
>
> Douggie
>
>
> 639 Posts
> Posted - 07/06/2006 : 7:05:58 PM
>
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>
> I didnt see anything about .
> Pioneer info and marketing
>
> Dont forget about my situation with them.The guy took my money, sent me
> something other then what was ordered......then told me to go shove it.
> Thats not the best part......just in the month after that. I was trying
> to find a way to re coup my money and I found 2 others he did the same
> thing to.
>
>
> roslyngrant@sbcg
>
>
> 1100 Posts
> Posted - 07/07/2006 : 1:48:03 PM
>
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>
> 24/7 mortgage leads..terrible customer service and didn't close one,
> also didn't get the credits they advertised for incorrect info..what
> else is new?
>
>
> A2ZLoans
>
>
> 172 Posts
> Posted - 07/07/2006 : 9:15:15 PM
>
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>
> jmbradburn email a price sheet for your Experian Trigger Leads. You
> sent me a email Friday but no price sheet. I will try them and give the
> boys a non biased grade. Can you query just ARM too?
>
>
> jmbradburn
>
>
> 53 Posts
> Posted - 07/10/2006 : 07:40:58 AM
>
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>
> sent you over another email
>
>
> feyita
>
>
> 22 Posts
> Posted - 07/10/2006 : 12:10:06 PM
>
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>
> What do you guys know about Trigger Leads? The company I buy leads from
> just started offering them
>
>
> jmbradburn
>
>
> 53 Posts
> Posted - 07/10/2006 : 12:27:11 PM
>
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>
> I'd be more than happy to answer whatever concerns you have about
> Trigger Programs without any sales talk
>
>
> MattLuck
>
>
> 97 Posts
> Posted - 07/10/2006 : 1:26:26 PM
>
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>
> www.conventionalmarketing.com is pretty good.. Leads are above average
> and at a good wholesale price.
>
>
> kortas
>
>
> 64 Posts
> Posted - 07/10/2006 : 1:52:02 PM
>
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>
> That's rather amusing to hear so much about NetSkrill. Paul Horner used
> to work for me as a Loan Officer, and WOW, that is one shady character.
> I also heard the stories about Tom Cruise being after him.
>
> He used to give me his leads for free, and I still refused to work
> them. That is a bad source of leads if they're free and someone still
> refuses to work them.
>
> They were great if you were looking for Rent 2 Own leads that cannot
> qualify to buy a bicycle. I did close a couple, but I received
> thousands to do that. And my credit report bill was outrageous. Every
> buyer gave you their credit but it was always a 400 credit score.
>
>
> TimmyZ1
>
>
> 47 Posts
> Posted - 07/11/2006 : 09:30:49 AM
>
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>
> We used Lower my bills and Nextag and there pretty good, Nextag was
> having some serious issues with sending us to many purchase leads but
> have acknowledged they have a problem and have refunded some leads and
> supposedly are working on the problem
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Re: Worst Mortgage Lead Companies
