C-LOANS
LENDER LETTER Joke
Du Jour
During
a visit to the mental asylum, a visitor asked the Director
what the criterion was which defined whether or not a patient
should be institutionalized.
"Well,"
said the Director, "first we fill up a bathtub. Then
we offer to the patient a teaspoon, a teacup, and a bucket
and ask the patient to empty the bathtub."
"Oh,
I understand," said the visitor. "A normal person would
use the bucket because it's bigger than the spoon or the
teacup."
"Actually,"
said the Director, "a normal person would just pull the
plug. So tell me, do you want a room with an East
view or a West view?"
C-Loans
Lender Caught Doing Wrong
C-Loans
has a large number of sophisticated systems to track its
closings. It has been a wonderful testimony to our
participating lenders that C-Loans very seldom ever discovers
lenders trying to cheat us. God bless you!
But
sadly today we must report that one of our lenders was just
caught conspiring with a mortgage broker to wink-wink
not report their mutual closings as C-Loans deals.
Steven
Druger of Snow Valley Bank has now admitted that he and
Tony Bantora of Field Funding intentionally did not report
several closings to C-Loans. Each guy claims that
it was the other guy who first suggested cutting out C-Loans,
but the bottom line is that they sold out their reputations
for integrity (and probably their jobs) for just a few thousand
dollars.
C-Loans
has sent all of its findings to the president of Snow Valley
Bank. I strongly suspect that Mr. Druger will not
be with Snow Valley Bank for much longer.
If
this guy Steven Druger should ever apply to your bank for
employment, or if this broker Tony Bantora should ever try
to broker a deal to you, you may want to recall what they
tried to do to C-Loans.
Scavenger
Hunt Joke
A
woman answered her front door and found Little Johnny and
Little Billy holding a list. "Lady," Johnny explained, "we're
on a scavenger hunt. We still need to find three grains
of wheat, a pork-chop bone and a piece of used carbon paper
to earn a dollar."
"Wow,"
the woman replied. "Who sent you on such a challenging hunt?"
"Our
baby-sitter's boyfriend."
Now
the Good News
Your
loan volume should now be growing deliciously. For
the past nine years C-Loans has been dirt poor. We
never received any venture capital, so we had to dig deep
into our own pockets for the $1.5 million it cost to write
the code for C-Loans. Ouch!
Until
recently, just about every deal you received came from an
organic listing
on the search engines. An organic listing is one where
Google or Yahoo finds your site naturally and displays your
site based on its relevance.
Thanks
to you wonderful, honest lenders, our revenue has been growing
steadily. It has grown so much that we were recently
able to hire a full-time marketing director and a staff
of two full-time assistants to expand our marketing efforts.
The
big winner here is you.
Your loan volume is destined to just keep growing and growing.
Space
Joke
NASA
reports that galaxies are speeding away from earth at the
rate of 90,000 miles a second. What do you suppose
they know that we don't?
Why
Am I Not Closing Deals?
We
have one C-Loans lender - a lender with relatively crumby
rates - that has closed 25 loans! If you are having
trouble closing deals on C-Loans, here are some tips that
will help:
C-Loans
leads are hot for about an hour. If you see a cherry
deal, but the borrower won't return your repeated calls,
it's probably because you were too late. After a borrower
chooses a lender, he stops returning phone calls.
Use
the phone, not email. Commercial loan origination
today is more akin to sales than traditional banking.
You cannot sell by email.
Make
sure your lender score is always at least 100%. It's
easy. Just be sure to reply to every deal, even if
its with a One Click Turndown.
You
can earn wonderful extra Lender Bonus Points by referring
your turndowns to C-Loans. Just go to C-Loans.com/refer
You
earn extra 10 lender bonus points for sending in your Lender
Tracking Table every month. The higher your lender
score, the greater your loan volume.
Your
lender score also affects your loan quality.
The lenders with the highest scores see the cleanest deals.
Make
sure you give C-Loans credit for every closing. You
earn 10 lifetime lender bonus points for every closing.
Lifetime lender bonus points
follow you from bank to bank.
A
top-ranked loan officer named Rob recently left one bank
to join another. Within four months he had closed
three more deals for C-Loans because he started day one
at his new bank near the top of the Suggested Lender List.
Fantasize
about the day when you reach the top six lenders on the
Suggested Lender List. Think of expensive vacations
in the warm sand. Think of a candy apple red sport
scar. The lenders at the top of the Suggested Lender
List are making a fortune.
Acronyms
Joke
On
day three of the corporate conspiracy trial, the star witness
began to recant his story.
"Were
you aware that both the FBI and the IRS intended to investigate
this CPA, starting ASAP?" the judge asked.
"Not
initially."
So
When Can We Start to Buy Leads?
C-Loans
tried twice this month to bring up the exciting new system
that we call C-Loans 2005. Both times we discovered
bugs and had to return to C-Loans Classic. But C-Loans
2005 will soon be up.
What's
so hot about C-Loans 2005? Soon you will be able to
go onto C-Loans and perform the following search:
"Show
me all of the office building loan requests in Cook County,
Illinois submitted through C-Loans over the past 45 days
where the loan amount is between $1 million and $5 million
and where the borrower has good credit."
Anybody
Earn $1 Million From C-Loans Yet?
Have
any of you top-ranked guys earned $1 million in fees from
C-Loans deals yet? If so, please write to me.
Former
First Lady Joke
"Over
the weekend at one of the games, Houston and St. Louis,
one of the camera men caught former President Bush and his
wife Barbara Bush kissing. You know, by (golly), you know
you're at a dull game when you'd rather make out with Barbara
Bush." --- David Letterman (Actually she
a lovely woman.)
Get
Paid For Your Referrals
We'll
pay you 12.5 basis points for referring your turndowns to
C-Loans. That's a $12,500 fee on a $10 million loan.
And the nice thing about referring the deal to C-Loans
is that there are 750 different commercial lenders who could
potentially close your referral. Just go to c-loans.com/refer
and enter your email address and that of your borrower or
broker.
It
gets even better. Not only will we pay you a referral
fee, we will also reward you with 5 lender bonus points
for 30 days for every referral who completes his C-Loans
app. If you can get 10 borrowers a month to apply
through C-Loans, that's 50 lender bonus points. You
would have a lender score of at least 150%, which might
place you among the top six lenders on the Suggested Lender
List (the Holy Grail of commercial loan origination).
Your loan volume will skyrocket!
But
it gets mo' better! If you refer a real estate broker
or mortgage broker to C-Loans, and he has never used C-Loans
before, this guy becomes your guy. You get paid a
referral fee on every loan he closes through C-Loans in
perpetuity - until he changes his email address. You
could make a $1,200 fee and then a $900 fee and then a $2,700
fee and then a $400 fee ... all for the one-time referral
of a broker. We paid Alan Dunn of Spydercube.com a
referral fee of $21,250 last week.
So
right now, please go to c-loans.com/refer
and bookmark the page.
Skyrocket
Your Website on Google
C-Loans.com
is very highly ranked by the search engines. We are
a Level Five in terms of link popularity, which means we
are a fairly heavy gorilla. If C-Loans puts a link
to your bank's web site on our site, your own bank will
enjoy a major bump in its search engine placement.
So
here's the deal. We will swap links with your bank.
If you are interested, please send an email to our web page
guru, John
Merry, or call John at (916) 941-1180.
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