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  1. #1
    Join Date
    January 18th, 2005
    I've been sending New Century Mortgage lots of leads over the past five months. They've converted well in the past (but at a small $ amount compared to other loan companies) but recently started reversing all of my transactions. In fact, they not only reversed 80% of my sales this month, but went back to last month and also reversed most of those sales.

    They claim the reversals are because the leads don't meet their requirements, which by the way are the stricted I've seen (>$80k in home value, >20% in equity). And I'm not sure why they started reversing sales during the last two months, since the quality of my sites leads has't changed in the past two months.

    Anyway, I've dropped them but wanted to give a heads up to anyone out there that is using them or thinking of using them. It really appears to me that they are taking advantage of their affiliates.

  2. #2
    Join Date
    January 18th, 2005

    Our organization was also hit by a string of unexpected reversals.

    Dr. Evil is vexxed.

    "Colloquially expressed...., but essentially correct."

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