Modernlend.com is a good website for lenders to find qualified leads. They actually have a website for potential borrowers to apply for home loans. Then, they turn around and provide these leads to registered lenders.

When lenders use Modernlend.com, the complete 1003 applications are sent to them immediately. Each lead is only $20.00. These mortgage leads are great for lender's because the person looking to borrow the money is actually requesting that company. When they fill out their applications they are shown advertisements for different companies. The potential borrower selects the companies they are interested in. So it's very likely that any mortgage leads they send to lenders could end in a completed loan.

I would think that mortgage leads would lead to more business than just newspaper ads, etc. Because the mortgage leads are actually from people that would like a loan from that company. The advertisements they offer their participating lenders are free. So really all you are paying for is just the $20 for each lead. This is very cost effective.

Any lender would find this website a wonderful asset to their business. It's a great deal. Can you imagine how much profit a lender would make even if 1 out of 5 turned into a completed loan? The website is very easy to understand. It's straight-forward. If I was a lender, I would definitely sign up!