Bills Lender Letter - June 2008, Issue 7

• BillsIQ
• FHA & Stimulus Select
• Lead Management
• Ready to double sales?

You still out there?!? It’s been a crazy first half of the year, and we’re all learning and adapting to the new environment. One thing to appreciate during challenging times… if you’re still out there making loans and getting smarter, you’re going to be in a great position when the mortgage market makes its return to normalcy.

We’re still here and working hard to figure out ways to make it easier for you to fund loans. Check out some of our new products below and ask your account executive for additional information. Next month, we’ll be launching a new site for our clients to keep updated on new products, lead specials and industry news… keep an eye out for that!

We are excited to introduce BillsIQ, a free tool for consumers to evaluate their Financial Fitness in Credit, Debt, Budget, Wealth, and Life Plan. After completing the 25-question form, consumers will receive tips and advice specific to their situation. Based on supplied answers, Bills.com will offer resources including Budget Tools, Credit Reports, Credit Card and Tax Debt Assistance, and Mortgage Options. Lastly, consumers can review how they compare to others by Age, Education, Gender, Income, and Geographic.

Be one of the first to log on.

With FHA/ Stimulus Select lenders will only be matched with applicants whose desired loan amount is below the FHA or Stimulus loan limit for their county of residence. In real-time, Bills.com confirms the FHA/ Stimulus loan limit with the HUD/ Fannie Mae database and appends it to the lead detail. In addition to the current lead information, partners will also receive the FHA/ Stimulus loan limit and county of residence. FHA or Stimulus Select can be added to a new or existing filter and will override any existing loan amount maximum.

We strongly recommend that if you are buying internet-generated leads, you use a lead management system to track the process and performance of all leads bought. This is important to monitor not only your lead sources, but your loan officers as well. If you’re not managing your leads, there’s a good chance you are leaving a lot of money on the table.

Contact your Account Executive to find out about special offers we have from some of the best lead providers in the business, including LeadROI, Leads360, Kaleidico and LeadMailbox.

How to double your sales in 90 days: Based on a conversation with Mr. Inside Sales Mike Brooks.

Did you give the prospect a chance to talk? Did you listen? Did you introduce objects or say something that was misinterpreted? Did you ask the right questions based on what the prospect said? Recognize areas that you can improve on in your communications with prospects by listening to what was said; you will be better prepared to avoid making the same mistakes.