Alternative Conversion Calculator
We created this tool to help you identify if alternative lending is right for your business.
1. First, enter your deal info:
|
Target Prime Volume Per Year ($):
Enter your mortgage volume goal with Prime Lending
|
|
|
Average Mortgage Amount ($):
Enter your average mortgage amount per deal with Prime Lending
|
|
|
Average Commission - Prime (%):
Enter the
average commission paid for Prime Financing
|
|
|
Average Commission - Alternative (%):
Enter
the average commission paid for Alternative Financing, if you're unsure, just
put 1%
|
2. Next, let us know about your closing ratio:
| If you receive 20 referrals, how many do you close with Prime Lenders? | |
| How many are unqualified for Bank Financing? | |
| How likely, do you think, are those unqualified referrals to be financed by Alternative Lenders? |