C-LOANS
LENDER LETTER Joke
Du Jour
"There's
a statistical theory that if you gave a million monkeys
typewriters and set them to work, they'd eventually come
up with the complete works of Shakespeare. Thanks to the
Internet, we now know this isn't true." -- Ian Hart
C-Loans
Has a Monster Month in March
Handsome
and beautiful C-Loans lenders closed almost $18 million
in commercial loans in March for C-Loans. Not bad
for a month in our slow season, huh?
A
special thanks goes out to Jeff Lubin of Scripps Investment
and Loan, who closed a big $8.6 million construction loan
on a residential subdivision for us. Jeff has a beautiful
new office in La Jolla, California. He had a bunch
of us over for a party after the MBA's Commercial Real Estate
Finance Conference a few weeks ago. Everything was
first class. So thanks, Jeff, for the nice wine, the
gorgeous view of the ocean from your rooftop office patio,
the fine munchies ... and oh, yeah, that nice big check.
Our
own bank, First Northern Bank in Dixon, California also
closed a sweet $5 million construction loan for us.
Because Paul Kolarik saw all of the closings on C-Loans
(he's our banker), he was already a believer when he joined
C-Loans. I think he landed this big lead less than
two weeks after joining C-Loans. First Northern Bank
really understands mortgage banking, so if you need to change
banks, give Paul a call.
Alicia
and I look forward to the day when each of you becomes a
"believer",
when a light bulb goes on that says, "Hey, these C-Loans
leads really are good. I am to start calling them
sooner (it's all about speed) and close a ton of deals."
Burger
King Joke
"Well,
Burger King is getting a lot of criticism for their new
breakfast item called the "Enormous Omelet Sandwich."
You've heard about this
thing, it's sausage, two eggs, two
slices
of cheese, three strips of bacon. . . 730 calories.
If you order one today, they will throw in the new Kirstie
Alley action figure."
-- Jay Leno
Helloooo? Do You Know What You're Missing?
The
key to seeing the sweetest deals on C-Loans is to climb
to the top of the Suggested Lender List. The more
deals you close for us, the higher you climb.
But
there is a fast and easy way to climb to the top of list.
Just refer loans to C-Loans. Every time one
of your borrowers or brokers submits a loan to C-Loans,
you will earn 5 lender bonus points for 30 days. And
if the deal closes, you will earn 10 lifetime lender bonus
points. Wow.
You
refer deals by just typing in the borrower's or broker's
email address into our referral page.
Have you bookmarked it yet? Once you see your lender
points rack up, cha-ching,
you will see why I am scratching my head about why more
of you aren't using this page. Now every lead call
you receive, whether your bank can do the deal or not, is
worth money to you.
Speaking
of money, do we pay referral fees? Yup. In addition
to your ten lifetime lender bonus points, you will also
receive a fee of 12.5 basis points. That's $1,250
on a $1 million loan. So please come to c-loans.com/refer
and bookmark the page.
Study
Habits Joke
"I
had the worst study habits in the history of college, until
I found out what I was doing wrong - highlighting with a
black magic marker." -- Jeff Altman
Sad
News - Lender Busted
We
caught a C-Loans lender this month trying to conspire with
the mortgage broker not to report a closing to C-Loans.
Unfortunately for the lender, the mortgage broker
was a friend of C-Loans. I have trained thousands
of mortgage brokers in commercial mortgage finance, and
they appreciate my help. Oops. Busted.
Banned from C-Loans for life. Kinda stupid, huh?
If you are loyal and honest with C-Loans, you will enjoy
our loan app's for the rest of your career, probably at
least another 15 years.
It's a big deal if you get caught closing a deal without
paying a fee due to C-Loans, so please keep good records.
It is not our job to ask you about closings. We ask
our lenders to please keep good records.
And you
have a big stake in paying C-Loans too. Every time
you close a loan for C-Loans, you earn 10 lifetime bonus
points. These points follow you from, for example,
Bank of America to Wachovia to John Hancock to a new bank.
These lender bonus points represent job security for you
because you will start work at your new bank with a wonderful
deal flow. At C-Loans, we are loyal to the loan officers
who are loyal to us.
Coathanger
Joke
"I
used to be an airline pilot. I got fired because I
kept locking the keys
in the plane. They caught me on a 20-foot extension
ladder with a coathanger." -- Steven Wright
Conduits
Can Expect More Deals
If
you go to Yahoo and type in "Conduit Loans, C-Loans
is now #1 on page one. Sweet. And we just jumped
to the number one spot on page one for "Conduit Loans"
on MSN. Google just listed us today as number ten
on page one in the same category. These organic listings
are all new in the past week.
Before
we got these great new organic listings this week, we were
already doing well with the conduits. Wachovia has
a nice $8 million conduit loan in process for us and another
conduit lender has a $7 million conduit loan in process
for us. An organic listing is one where we
don't have to pay. With these new organic listings,
we expect our conduit lenders to enjoy a nice jump in loan
app's.
Smarty
Pants
I
went to San Francisco. I found someone's heart.
Now what?
I planted
some birdseed. A bird came up. Now I don't know
what to feed it.
Free
Gifts for Referrals
When
you refer a loan to C-Loans using our referral
page, you will be sent an email confirming that your
borrower or broker submitted his loan app. Be sure
to save these receipts.
When
you have referred ten loans to C-Loans (you have to tell
us), we will send you our ninety minute video training program,
"How to Market for Commercial Loans." This
video program sells for $199, and we sell a ton of them.
When
you have referred us twenty-five deals (you have to tell
us), we will send our nine-hour video training program,
"How to Originate Commercial Mortgage Loans."
We sell one or two sets of this wonderful program
for $499 every business day.
Why
would you want this nine-hour video course? You already
know the commercial mortgage origination business, right?
You can use these tapes to train your processors and new
loan officers. You put them in a room for two days
and out pops a reasonably proficient commercial mortgage
loan officer.
Ever
been cheated out of a $20,000 loan fee? You may enjoy
instead my sixty minute video training course on fee collection.
It sells for $199, and it's my best work. I got really
sore one time when a borrower cheated me, and I went to
law school to perfect this agreement. It ended the
madness. All yours for just ten referrals.
So
please come to our referral page and
bookmark it. Not only will you get valuable gifts,
but you will also quickly climb to the top of the Suggested
Lender List. And if your bank will permit it, you
will earn big finder's fees as well.
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