CommercialLeads.net - Modification Faq's

2.

2. What is provided in the CommercialLeads.net Training and Materials?
A = Comprehensive Step by Step How to for Commercial Mods with Sample Docs and Agreements. Telephone training and ongoing case by case support.

3. 3.How Long from when I fund my account until I am ready to make money?
A = You can start pulling leads on the first day after training. 4.

4. Does the Client Pay Up Front or When Mod is Done?
A = Most client fees are paid up front. Some cases with large commissions are split 50/50 with the 2nd 50% escrowed

5. 5.Does CommercialLeads.net charge any other fees or receive part of my commission?
A = NO 6.

 6. Where Do the Leads Come From?  
A = CommercialLeads.net Commercial Mortgage / Modification Leads are Referred from Our internal network of Commercial Realtors, Title Reps, CPAs and Other Financial Segments who use our system.

7.7. What is the Return Policy?
A = Leads can be returned for No Answer or if the Borrower Signs with another provider. 8.

8. Is There Any Guarantee?
A = 2 Deals Done or Your Money Back

9. 9.Can I Control What Leads I See and Take? 
A = YES – You control all filters such as states, ltv, credit status, property type, loan type, min / max loan amounts etc… 10.

10. Are There Any Other Marketing Services or Tools to Increase My Chances for Success?
A = YES – Custom Email Marketing Tools, 1st Alert to let you know when new leads are loaded, Directory Listing in the system of over 300k Industry Users and more..

11. 11.Are There Any Licensing or Regulatory Issues I need to be aware of or comply with?
A = At present ALL States have modeled the Federal S.A.F.E. Act which focuses on Residential Mods and Loans Only. There is no licensing or specific regulation(s) for commercial.

12.12. Which Banks are Actively Doing Mods for Commercial Loans at This Time?
A = Currently ALL U.S. Banks are participating including B of A, Wells, Wachovia, Regions, GE Capital, CapMark, Zions and others.

13. 13.Are There Any Federal Guidelines for Commercial Mods as There is on the Residential Side?
A = On October 30th 2009 the FDIC issued a “Policy Statement on Prudent Commercial Loan Workouts”. While they are NOT guidelines as on the residential side they did layout a framework for banks to model.