give your borrowers a hand when they need you most.
According to Fed data, borrowers hit the trillion-dollar mark in outstanding revolving credit back in September 2017 for the first time since January 2009. The total amount of revolving credit peaked in May 2008 at roughly $1.02 trillion. Most Americans don’t know how to utilize the equity in their home so they need people like you to show them.
Most people don’t understand how equity works and how to use it properly. Help them see how equity can work for them.
Because Debt Watch is a loan-scenario notification, it actually has a higher conversion ratio than any of the other programs.
"Look at the opportunity cost you have by not having Sales Boomerang. Last year we closed over $72M in loans that we would lost from not having Sales Boomerang. "
ADD THE RIGHT BORROWER INTELLIGENCE.
Establish a minimum value the borrower must have before we begin to track them.
Current FICOYou choose a minimum FICO score the borrower needs.
You set a LTV level that the borrower must meet before tracking is initiated.