Accessing mortgage leads for free is a great way for loan officers to scale their businesses. However, most free lead sources are low-quality, and spending hours following up unqualified leads may have little impact–if any–on your revenues.
While there are varied options, such as social media advertising, website optimization, digital marketing campaigns, and high-volume marketing, results are never guaranteed and may require significant time and cost. Referrals, in contrast, are free, verified, and exclusive to you.
This guide explains how mortgage lead sources work, their pros and cons, and why we recommend interested brokers and loan officers register their interest today to join our high-performance lead referral program.
Where Can Loan Officers Find Free Mortgage Leads?
As we’ve mentioned, there are several places where you could potentially develop leads, many of which are reliant on digital marketing exercises to attract homebuyers to your business organically. What are the different types of free mortgage leads? You might find leads through:
- Networking with local businesses or respected leaders in the mortgage industry
- Marketing your business through paid online search promotions or social media advertising activities
- Encouraging customers to post testimonials or asking them to recommend friends and family looking for homebuyer mortgage products
The difficulty is that a large proportion of free leads are available inconsistently. In contrast, paid leads might command a steep upfront cost, with zero assurance that those expenses will be recouped.
Our mortgage lead referral program was developed in response to demand, where our position as a leading insurance provider means we regularly encounter customers with a clear need for financing assistance–with a natural cohesion between our business and brokers or loan officers.
Are Free Mortgage Lead Referrals as Valuable as Paid Leads?
Many finance professionals assume that they’ll need to pay for good-quality leads, and there are certainly time efficiencies to gain from outsourcing lead generation, particularly for owner-operated businesses. The most significant issues are the cost of lead acquisition and the variances in the quality of each prospect.
Loan officers who pay for leads might generate a higher return on their investment if every lead is pre-vetted, but most find that these are few and far between, mixed with low-quality leads that reduce their time availability and profits. Free leads are ideal, but attempting to generate a sufficient flow of qualified leads through digital marketing is an exercise in brand development that necessarily takes time–without resorting to unethical lead extraction techniques, which are never advisable.
Those looking for interested leads and a less time and effort-intensive commitment find that our lead referral program is the answer they have been looking for.
Accessing Free Mortgage Leads From Insurance Pro Agencies
Our referral program catalyzes business revenue growth, ensuring our partners close more deals every month. We start with a target of one additional deal every thirty days, connecting partners with high-intent buyers and offering each lead on an exclusive basis.
Backed by an automated system that has proven to deliver outstanding results over the last seven years, we charge nothing for our leads but work in partnership, where brokers and loan officers refer leads back to us where their customers require a homeowner’s insurance quotation. The program is mutually beneficial, and we have developed a comprehensive set of guidance principles to augment the way our partners respond to each lead they receive, further improving the percentage of leads that convert.
Alongside pre-vetted leads and help with lead nurture, we also provide open access to our tech infrastructure, where partners use our dashboard to monitor all leads from one place, tracking progress and ensuring they follow up promptly. Beginning with up to three leads every week, these no-cost referrals are a fantastic way to expand your loan refinance or mortgage business, backed by a well-established insurance specialist.
How to Get Started With the Insurance Pro Agencies Mortgage Lead Referral Program
The first step is to check that you meet all our eligibility criteria. We work with partners who:
- Are retail lenders or mortgage brokers who liaise with clients looking for secure, good-value homeowners’ insurance
- Want to actively scale and grow their businesses using a proven model
- Manage at least three deals per month or more on average
- Are based in any of the twenty-seven states within which we operate
From there, you are welcome to complete our registration form, and we’ll contact you shortly to discuss the next stages!
