Why you should work with Iconic Financial?

The Iconic Financial / LMLN Difference!

This is NOT a training program to become a “certified loss mitigation specialist”. First of all, there is no such thing as “certified”. There is no organization of which you must be a member to assist homeowners in avoiding foreclosure. There are, however, laws that must be followed. By becoming a marketing affiliate to Iconic Financial / LMLN, who will in-turn refer to an attorney, ensures 100% compliance. We do not charge you to become an affiliate. However, we usually only accept affiliates who have a background in some type of sales, mortgage, real estate, or finances. This is because the only thing our affiliates are required to do is SELL THE PROGRAM. We handle the ENTIRE back-end with the lenders.

If you are willing to learn just a little bit about the industry (if you don’t know it already), our software basically automates the rest for you. Do not be fooled by companies out there who will charge you money to “certify” you and then just give you access to an e-book and send you on your way.

We are looking for long-lasting business partnerships and will assist you in every aspect of your business.

Custom Software

Iconic Financial / LMLN provides state of the art software that has been custom built specifically for the loss mitigation industry. All affiliates will be provided access to this web-based system which will allow you to track, manage, enroll, and submit loss mitigation clients online. Contracts are automatically generated through the system and all pertinent documents can be uploaded to specific cases. Affiliates can also communicate with the processing team through the system rather than always having to pick up the phone. Your clients are also granted access to the system for real time tracking of the progress of their case.

Streamline Process

Iconic Financial / LMLN boasts a 97% funding ratio of all cases that are pre-approved in the system. Cases may also be submitted for manual underwrites if a case is not immediately pre-approved. Our years of experience with processing loss mitigation cases has put us at the forefront of the industry. Over the years, our negotiators have established contacts at virtually every lender. We have cultivated these relationships and are given much more leeway than an individual or fly-by-night company. We also deal in large volume. This means when a lender wants to play hardball on a particular case, we can throw our weight around a little.

Iconic Financial / LMLN is currently seeking qualified companies and individuals to market our services. Affiliates are paid on complete cases once they have been submitted and approved.

Training

Once you become an approved affiliate, you will have access to our training section which provides literature on the loss mitigation industry. It will also include: Tips on marketing your business, webinar training on the software, proven sales scripts, and more. Our customer support team is also available for questions you may have once you are signed up.

HIGH DEMAND! Millions in Foreclosure and Mortgage Delinquency!

Foreclosures and mortgage delinquencies are at an all time high and number in the millions. U.S. homeowners are losing their homes at record rates with no end in sight. The experts predict this is only the tip of the iceberg - in the next few years this epidemic will increase five-to-tenfold.

EXPERTS PREDICT THAT AMERICA WILL SEE CLOSE TO 7,000,000 FORECLOSURES IN THE NEXT 5 YEARS!!!

"In a clear sign of serious unfolding problems, the Mortgage Banking Association (MBA) survey reports that 12% of Federal Housing Administration (FHA) loans are either in foreclosure or delinquent. The delinquency and foreclosure numbers are quite alarming and indicative (along with FHA data) of fundamental systemic lending shortcomings. A Record Number Lose Their Homes. According to end of year foreclosure report: 800,000 entered foreclosure in the Second Half of 2007. That is OVER 133,000 foreclosures per MONTH! So why are there so many homeowners delinquent on their mortgages? Real simple - people already live paycheck to paycheck; then they encounter unforeseen circumstances that affect their ability to pay a mortgage in a timely manner. The Mortgage Industry defines these situations as 'Hardship Conditions': Temporary job loss; medical illness or injury; marital difficulties; unforeseen repairs or high utility rates; tenant problems; even a death in the family. Just one of these situations can have a direct bearing on making home mortgage payments. Housing Groups told Congress, "With no cash reserves, too many households are already just one paycheck away from financial disaster. FHA foreclosures are at record levels and are still climbing. As one local advocate put it, 'this is the worst time for foreclosures basically since the Great Depression." So why are there so many homeowners delinquent on their mortgages? Real simple - people already live paycheck to paycheck; then they encounter unforeseen circumstances that affect their ability to pay a mortgage in a timely manner. The Mortgage Industry defines these situations as 'Hardship Conditions': Temporary job loss; medical illness or injury; marital difficulties; unforeseen repairs or high utility rates; tenant problems; even a death in the family. Just one of these situations can have a direct bearing on making home mortgage payments. Once an individual misses two or more mortgage payments, the mortgage company (lender or investor) starts calling. If the hardship continues for 2-3 months, the communication channel breaks down - either the homeowner stops answering the calls, or the lender stops calling. Next stop? FORECLOSURE.

Iconic Financial / LMLN is currently seeking qualified companies and individuals to market our services. Affiliates are paid on complete cases once they have been submitted and approved.

MORTGAGE COMPANIES ARE IN THE "NOTE" BUSINESS - NOT THE PROPERTY FORECLOSURE BUSINESS

The mortgage companies do have Loss Mitigation departments; the reality here is mortgage companies are in the "NOTE" business. They are not in the business of collections, telemarketing, debt resolution or Loss Mitigation. Most companies have not allocated the resources to adequately staff and operate a Loss Mitigation Division. Some of these mortgage companies have hundreds or thousands of delinquencies monthly. This is why most mortgage lenders are unwilling to help, usually demanding full payment of everything in arrears. Although some people facing foreclosure are willing to walk away from their properties, most truly don't want to lose their most valuable asset - their home
Iconic Financial / LMLN is currently seeking qualified companies and individuals to market our services. Affiliates are paid on complete cases once they have been submitted and approved (for more information please see “compensation” link).

NICHE MARKET

MINIMAL COMPETITION! Loss Mitigation is the process of negotiating, on behalf of the homeowner, with the lender (or investor), stopping the foreclosure process, and coming to a settlement. It is meant to be a win-win situation for everyone involved (You, Homeowner, Lender). This is a well-hidden industry with very little EXPERIENCED competition.

VERY FEW CERTIFIED LOSS MITIGATION CONSULTANTS

There are many so-called Foreclosure Prevention "Consultants" out there. Most are only looking for investment properties and are portraying themselves as Professionals interested in 'helping the homeowner'. They're not, they want to buy the house as a pre-foreclosure sale. There are some Loss Mitigation companies acting on behalf of the homeowner; however 98% of them have sprung up overnight as the mortgage market collapsed and foreclosures began to rise. These companies are doing a disservice to homeowners because they don’t know how to negotiate and process loss mitigation cases.

UP-FRONT FEES

With California leading the way, 38 states have now adopted “foreclosure consultant” laws to protect consumers from getting scammed. These laws state that it is illegal for a foreclosure consultant to charge anything at all to the homeowner until “services are rendered”. The ONLY exception made to these laws is when an attorney is involved and engages the homeowner as a client.

Time to GET PAID!

Iconic Financial / LMLN has an Attorney Network covering all 50 States!
We are the FIRST and ONLY fully complaint Loss Mitigation Affiliate program in the Country

Commission Structure

Loss Mitigation Legal Network will contact an attorney within the network. The attorney will then engage the client and bills for services. The standard fee for services is $1,850 for anyone with a mortgage payment under $3,000 and $2,450 for those with mortgage payments over $3,000. Since this is a legal fee, it is collectable up-front. An approved affiliate is paid $850 - $1,150 respectively.

Strong Foundation

Iconic Financial / LMLN is the first and only Loss Mitigation Affiliate Program to comply with all Federal and State Foreclosure Consultant laws. Centrally located in Overland Park Kansas, Iconic Financial / LMLN is able to service both coasts in a timely manner. Iconic Financial / LMLN was founded with Technology, and through Technology, Iconic Financial / LMLN is committed to making its' affiliates the most effect and efficient Loss Mitigators in the country.

Start Now by Filling our Short Inquiry Form or Call 1-800-285-5188