Quote:
Originally Posted by EBORG9
http://www.lendingtree.com/stm3/affi...troduction.asp
No they don't, they pay $20, $40 and $50 an app (or something like that) and I also believe they are the company that charges brokerages a $10,000 membership fee so that they can have the privilege of buying $75 leads.
Nothing wrong with that, they have one of the most prevalent programs out there.
We sell direct from our sites to brokers, no middle man and no affiliates sites.
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Last company I know that signed up was charged a $15,000 application fee as well as pproximately $10,000 in setup for their auto-decision engine. The leads themselves only go for around $14 each, but you pay a closing fee that is relative to the type of loan closed and the dollar amount, ranging from something like $350-$800. But, LendingTree has the most qualified leads around. Each lead is pre-scanned and has credit run to give you a ballpark of where the credit score is.
The worst part is that about 2years ago LendingTree acquired HomeLoanCenter so now they have their own internal shop so a majority of the good leads go straight there.