Review (April 2024)
7.25M
Estimated Revenue
10k
Website Visitors
2.5/5
Trustpilot Score
What do we know about LoanBright.com?
What is LoanBright.com's Revenue?
LoanBright.com's estimated revenue for 2023 is $7.25M.
What does LoanBright.com do?
Loanbright helps mortgage companies capture and close more business through its marketing and software tools. Loanbright allows mortgage companies the ability to selectively or completely outsource their online marketing, lead generation and sales force automation functions.
What do Loanbright's customers say about them?
5 Star
14.3%
4 Star
28.6%
3 Star
0.0%
2 Star
0.0%
1 Star
57.1%
Read reviews that mention
Tristan
These are 0 star leads
Reviewed on 2020-05-07T20:36:29
These are 0 star leads. Why do I say that? Because of my Experience with them over the course of more than a year now with two separate companies that are completely unrelated to each other.I used to take 3 hours of LoanBright leads every day when I worked at a Bank and absolutely 0 of them turned into deals. To make matters worse, I recall no more than 1% of those calls lasting more than 5 minutes. In fact, I can confidently say that about 99% of the leads I’ve taken from LoanBright at either company I’ve worked for were people that were never looking for anything mortgage related, hang ups, bad numbers, people who never filled anything out, or people who were misled by shady advertisements. Every day for months I would have a huge list of the names and numbers of the bad calls that were like this and it was filled mostly with people who never applied or had no idea what was going on. Nothing was ever addressed by LoanBright about this. They would chalk it up to, “Not taking enough calls, bad times, bad areas.” They never took any responsibility for the terrible lead quality and conversion rates. To make matters worse, my account manager Chris E was extremely unprofessional, rude, was not helpful, and even hung up on me once because he couldn’t handle the criticism of the terrible leads that we were paying for. Because of this I would recommend to stay far away from this company and whatever they promise. They have, “Good reviews” that fooled both me and my manager of the branch. I would also recommend to never waste your money on their season pass. It appears to me that they have very misleading positive reviews. I in no way am saying that no one has had success with them, but I changed the time of my calls, the areas my leads were coming from, and the days of my calls, even the company I worked for and the results never changed. They are the still the lowest tier leads I have ever dealt with in this business. That brings me to my next point. Everything mentioned previously was my experience at a Bank that has been around over a hundred years. I now work for one of the largest non bank lenders in the nation that has tremendous success in everything that they do. I take over 180 calls a day and there’s one thing I’ve noticed yet again during the months I’ve spent here so far. I haven’t seen a single LoanBright lead convert into a locked loan. On top of that when I was working in a lower position that only qualified and transferred leads, I took over 220 calls a day on a sales floor of over 200 people. Everyone once in a while I would get calls that went the same exact way it did when I worked for the bank. A customer who was confused, never applied, didn’t know what I was talking about, had their mortgage paid for free and clear, and was never interested in applying for anything mortgage related or was deceived by a misleading ad. It was then that I would look up at the lead source and guess what I saw 99% of the time? LoanBright. So after another LoanBright lead wasted some more of my time I would mark it as never applied just as I did 3 hours a day for months at the bank. The company I now work for has dozens of lead sources, and every time i see a LoanBright lead it’s absolute garbage. Never applied, never was looking for anything, house paid off, no idea what I’m talking about, hang up, or answering machine. It was the same 0 star leads at the 100 year old bank, and it’s the same now at one of the largest non bank lenders in the nation. Not being able to lock or close is one thing that I’m sure they will defend all day everyday. But hundreds of employees not even being able to TRANSFER a call or have a conversation for more than 30 seconds because the customer never applied, was never interested, or doesn’t even have a mortgage? That’s the bigger and more prevalent issue with these leads. There’s no excuse for that.
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K Shimer
Is this a scam?
Reviewed on 2019-07-25T16:34:58
These folks get your contact info from public records then harass you with phone calls trying to sell you a loan you didn't ask for and may not even need.They won't take NO for an answer or remove you from their calling list despite being told they being reported to the Better Business Bureau. Be very cautious with folks who cold call and solicit.
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karen roberts
All the leads that I have gotten will…
Reviewed on 2019-03-12T22:27:19
All the leads that I have gotten will not return phone calls or return emails...
Keri Trosen
We have received numerous calls/emails…
Reviewed on 2018-09-04T17:42:35
We have received numerous calls/emails from this company asking us to purchase leads.We have responded via email to Kate 3x now stating we are NOT INTERESTED and we have received another call today from Kate requesting to speak to the agency owner. I understand persistence, as I work in sales myself, but no means NO!
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Kevin
I believe that this will turn into some…
Reviewed on 2018-08-22T22:06:37
I believe that this will turn into some business soon
i am used to leads that don't amount to muchso i going to keep on going with it
System is easy to use and when I have a bad lead I do get credit for it
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Ed
Loan Bright offers real time internet…
Reviewed on 2018-08-22T20:35:43
Loan Bright offers real time internet leads. They depend on the client to filter themselves.They are very good about working with you to replace the leads that have bad phone numbers or people that are not real. They also help you to reach your leads by sending you some live transfers. You will need to put in more work to speak with a client than a live transfer, but your cost will be significantly less.
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Dawn Phillips
We see a quite a few duplicate leads…
Reviewed on 2018-08-13T12:15:45
We see a quite a few duplicate leads between them and Free Rate update.
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