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 ($):
Enter your mortgage volume goal with Prime Lending
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Average Mortgage Amount ($):
Enter your average mortgage amount per deal with Prime Lending
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Average Commission - Prime (%):
Enter the
average commission paid for Prime Financing
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Average Commission - Alternative (%):
Enter
the average commission paid for Alternative Financing, if you're unsure, just
put 1%
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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? |