“One of our loan officers recently had great success with one of the newsletters. He had received a $220,000 refinance from a past customer who was sent the December issue of the Home Edition Newsletter.”
– April Hayes
Marketing Manager, Peoples Mortgage Company
There is no doubt that it is a profitable program for us. Two weeks after we started using Mortgage Returns, we had already put 25 new loans into the pipeline, a 300 percent return on investment, which is amazing. We are incredibly impressed with this program."
– Steve Grossman
NJ Lenders Corp.
“First Interstate Bank attributes $1.3 million of its 2011 new residential home loan revenue to the Web-based tool Mortgage Returns. This customer retention and marketing tool costs the bank about $21,120 annually to use. I want my customer coming back to me, not to Chase. So if you did an ARM we'll use Mortgage Returns to send you something six months ahead of the ARM adjustment. If we did a conforming loan for somebody at 5%, and rates dip below 4%, we'll ask you about refinancing. Of the 4,500 loans we originated in 2011, about 640 came from Mortgage Returns, which in dollar volume is about $132 million.”
– Paul Peterson
Former VP, First Interstate Bank