Technology Offers Added Service to Borrowers With Weak Credit
In order to be a service for lenders and brokers looking to help borrowers out with bad credit, Jamison Law Group, a credit restoration law firm and provider of credit repair services, has launched technology to combine credit repair and customer relationship management dubbed Credit CRM, an out-of-the-box software and training solution designed to empower mortgage originators to offer credit repair services to consumers with poor credit.
"With the subprime industry in shambles, there's literally a whole segment of the mortgage industry that is no longer offering consumers the opportunity for loans," explained Edward Jamison, president of Jamison Law Group. "Those consumers are in dire need of a new solution.
"I'm a credit expert that is also in the business of credit repair. So how bad do you need to make a loan? This application is design to make the originator a virtual credit expert to counsel their borrowers."
The market for potential credit repair clients is vast. Over 80 million U.S. citizens have poor credit, which affects not only loan rates and opportunities, but also insurance rates and job opportunities as well. By repairing their credit, individuals can save thousands of dollars on mortgages and other loans.
Credit CRM includes full credit training as well as a credit and sales software system, unlimited telephone support, and a full Internet-based marketing system.
Credit CRM is offered to both businesses and individual entrepreneurs who are looking to start a credit repair business, and is often utilized as a supplemental business opportunity for mortgage professionals. An out-of-the-box business opportunity, Credit CRM provides all of the training and systems needed to build a profitable credit repair business, including easy-to-use Web-based sales management modules, over 20 hours of credit repair training, and a full marketing program.
"This system is meant to be a differentiator for an originator," noted Mr. Jamison. "But credit counseling isn't a quick fix. It takes time to repair a borrower's credit and turn them from a cold lead to a hot lead, but borrowers with bad credit need these services.
"We try to provide all the training and technology needed to help the originator help the borrower. For example, we keep track of how many calls an originator makes to a borrower, send text messages back and forth, e-mail e-credit repair letters and show originators a list of calls that they should be making and when they should be making those calls. It's all about education and service in the current down market, and this is just one more service that originators can use to stand out."
The Credit CRM system is offered for a one-time fee, plus monthly membership fees. In addition to the training and software, clients also receive twice-monthly 90-minute coaching calls, unlimited telephone support for credit restoration questions and technical issues, access to the hosted system, and a customized hosted website that includes the client's name, logo and contact information as well as unlimited e-mail addresses. (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.bondbuyer.com/ http://www.sourcemedia.com/