Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  
Semi Exclusive Mortgage Leads By Jennifer Bailey

As the term `Semi-Exclusive Mortgage Leads would suggest, these are Leads that function somewhere in between Exclusive and Non-Exclusive Leads. The Lead Provider sends Exclusive Mortgage Leads to one Lender at a time, and Non-Exclusive Mortgage Leads to several Lenders at a time.

Many Mortgage Providers restrict the number of loan officers, for instance 4 or 5, to whom they send any one lead. Such Leads are known as Semi-Exclusive Mortgage Leads. These leads dont enjoy the 100 per cent confidentiality that is associated with Exclusive Mortgage Leads. It is because more than one person accesses the loan request information that is provided by the Borrower. This is bit of a disadvantage. But then, the above circumstance brings in some competition, unlike in the case of Exclusive Mortgage Leads. This fact brings down the cost price of the lead. This is an advantage.

In Exclusive Mortgage Leads, as there is no question of competition, whatever fees that the lender charges usually work out, thought not necessarily all the time. On the other hand, in Non-Exclusive Mortgage Leads, several Lenders have access to the lead. This leads to a competition among the Lenders [loan officers]. This situation can be a plus point for the Borrower, as he or she can bargain for lower interest rates on the Mortgage Loan.

So in effect, Semi-Exclusive Mortgage Leads are balanced in terms of advantages and disadvantages. For this reason, this type of Lead is gaining popularity in the mortgage industry.

The golden rule to follow in Semi-Exclusive Mortgage Leads, as in other types, would be to look for the most important factors in the Lead: Price, Speed and Quality. If all the three are satisfactory, Semi-Exclusive Mortgage Leads are near ideal.

Exclusive Mortgage Leads provides detailed information about exclusive mortgage leads, exclusive internet mortgage leads, exclusive telemarketing mortgage leads, exclusive real time mortgage leads and more. Exclusive Mortgage Leads is the sister site of Life Insurance Leads.





See Also:

Types of Loans
Loan Types What types of loans are available to me? There are many different types of mortgage offered to consumers. Some of the most popular mortgage broker are the FHA Home Loan (Federal Housing Administration) and the VA Loan . Because the FHA mortgage and VA mortgage are guaranteed by the ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Online Mortgage in UK - Introducing the Best Mortgage Plan Across UK
Add the term online and it will open for you an exhaustive assortment of opportunities. Add online to mortgage and it will have the same effect. So many people want to get mortgage programme and get with it fast. The online mortgage in UK indisputably takes lesser time and simplifies the entire ... more...

Lowest Mortgage Rates UK Lowering the Cost of Mortgage
Mortgage is the most widespread industry that offered to loan borrowers with real estate as collateral. Mortgage has so many innovations and opportunities that a loan borrower can exploit them for their own benefit. You must have heard and read it elsewhere that mortgage rates are at an all time ... more...


More on mortgage...

Search More Info On:

  • Mortgage
  • Mortgage Lenders
  • Mortgage Loan
  • Lender Mortgage
  • Mortgage Borrower
  • Information
  •  

    Shop For Your Mortgage Now!
    Shop For Your Mortgage Now!

    You'll be re-directed to Top-Lenders.com

    Want to Know Your Rate?
    Get Customized Mortgage Quote Instantly

     
    ExplainingMortgages © 2005 - 2009