The White House has started an initiative with the big 5 lenders asking them to refinance all eligible Veterans.
Housekeeping first! If you’ve got those clients in that 3 to 5 year waiting period after a bankruptcy, foreclosure or short sale, you might not have to wait! Try the Mortgage Alternative Program. They are set up to help those people out and the terms are fantastic. To learn more information CLICK HERE. Also in today’s show we go over how you can get your list of potential VA streamline refinances over to Boomerang Prospecting and they will call them for you and send the interested clients back to you. To learn more about Boomerang Prospecting CLICK HERE.
Now on to the show. The White House is feeling pressure to start doing more for our Veterans. So they’ve started an initiative asking the “Fab-5″ to scour through their databases and find those VA deals where it would make sense to do a streamline refinance. Well it got us thinking, why should the Fab-5 be the only lenders out there doing this? Why don’t you? It’s easy to figure out, easy to make the call and easy to do the transaction and to top it all off, it helps the Vets! Then again, why not do it for everyone in your database. We know refinances are kind of dry, but, think about this. Most lenders fish for refinances via mail and email. How about some good old phone calling? Problem is, you’re chicken or just don’t have the time. Once again, if you get the list of candidates exported, send them to Boomerang Prospecting, and let them call them for you. They send the interested clients back to you. How easy is that?
With that you all have a great holiday and we’ll see you on Tuesday.
Frank and Brian