- At an average of one lead per hour, you will receive approximately 100 leads
- Of these, you can expect 25% (25) to turn into applications or stips (income/asset proof)
- From those 25 you can expect 50% (12.5) to turn into signed applications/disclosures
- Of the 12.5 sets of disclosures you receive and submit to lender, you should expect 2-3 to be denied by lender or killed for other reasons. Approximately 10 will be cleared by lender for closing
- 10 loans at an average of $3000 in fees per loan will gross you $30,000.00
- $30,000.00 gross profit reduced by campaign investment will bring in approximately $25,810.00 before your employee wage/commission expenses and administrative expenses.
Marketing cost per funded loan is $419, which is significantly less than any other form of advertising including direct mail, internet, television or radio.
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