I thought I would enter this information as it is relevant to the discussion that seems to be raging here about mortgagelenders.cc. I paid MortgageLenders.cc 8260.00 for roughly 300 leads about 30 days ago on behalf of some of my LOs. They came to me a few days into usage stating that there were no leads in that system.
I contacted the company myself. I got through no problem to a CS rep. She checked the account and sent a web snap shot showing that there were in fact a couple of hundred available and others had been made available previously.
I checked the system and she was right. I spoke to the LOs in question and discovered what I suspected which was that they had not been making sales and used this as an excuse. Irrelevent because they have other means anyway but I wanted to be sure.
I downloaded over a period of 8 days 48 leads that were "verified". I only had to return 3 for non-contact but the leads I spoke to were in fact looking for a loan and I had little difficulty doing business with them.
Like any other lead source the consumers had been shopping around and some stated they had spoken to other brokers but that to me is the norm. I told my LOs to use the system and quite frankly I was relieved that the system logged their activity so I could monitor what they were doing.
Anyway mortgagelenders.cc is in my opinion a decent source for leads if you keep things in perspective. Namely that all consumers shop around and that you will have to earn their business. The cost was lower than most others so pound for pound they are a good bang for the buck.
Regards, Brian
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