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Online Identity Theft

Some Mortgage Web-Sites are Reckless with your Personal Information.

Twain Harte, California – March 17, 2007 – Mortgage Consumers Beware! Think twice before filling out that on-line mortgage application offering multiple quotes from multiple lenders. You may get more than you asked for. In fact, many popular mortgage web-sites are nothing more than flashy fronts for lead generation companies. Lead companies who sell your personal information to others, sometimes to anyone who is willing to pay for it.

Submit an online application at the wrong mortgage website and BAM! – Your personal information is now in the hands of a company who makes their money by selling it. Obviously, the more times they sell your information the more money they make. It's a smart idea for them, but it's not so good for you. The calls immediately start coming in and sometimes seem like they'll never stop. I've done it and trust me, by about the tenth call on the first day you start seriously contemplating changing your phone number.

In some cases it gets even worse. Your personal information can be resold to hundreds of different companies over several years. It's like a virtual ongoing selling of your information from one company who uses it, then resells to another company who uses it, then resells it to another company and so forth. It can be an ongoing nightmare of phone calls and solicitations. Worse yet, reports of identity thefts are common among some of the less reputable lead generation web-sites requiring you to fill out an online application for "free" service & quotes.

An alternative does exist for mortgage consumers looking to shop rates or those who just have general questions about purchasing a home or refinancing. Loan Officer NetworX. offers mortgage consumers a Safe, Free & Live online "shopping mall" of real licensed mortgage companies and lenders in every state.

Consumers can visit the site at www.BestLoanAgentLive.com anytime day or night for free live mortgage home loan & refinance consultations with a Qualified Loan Officer.

The system is 100% chat based and doesn't require the consumer to fill out any online applications or download any software. Best of all, the consumer remains virtually anonymous, just providing their first name to be connected directly to a live licensed loan officer.

Paul Croskrey, President of Loan Officer NetworX, stated, "We wanted to eliminate the potential for identify theft while still allowing consumers a choice of companies to work with and shop. It's a safe haven; a place where consumers can anonymously get live mortgage assistance directly from the source for free and without having to worry about their personal information floating all over cyberspace. It's great to offer consumers a free alternative to intrusive online applications and the devastating results of applying at the wrong website."

Record Number of Homeowners in Jeopardy of Losing their Homes

More and more homeowners have stretched themselves too thin and are facing the reality that they may lose their homes.

Twain Harte, California – May 5, 2007. Thousands of homeowners who purchased early in the new millennium are facing tougher times as their low introductory rate mortgages are adjusting. Some industries experts are speculating that more than 30% of homeowners who financed their homes with Adjustable Rate Mortgages (ARM's) in the early 2000's will soon face an increased mortgage payment that they won't be able to pay.

This could force hundreds of thousands of homeowners nationwide to either refinance their homes into a long term locked rate or try another "tricky" adjustable rate loan to avoid foreclosure. Thousands more could be forced from their homes as Lenders begin foreclosing on properties because of missed mortgage payments.

The affects are already starting to show. A recent RealtyTrac survey reported that 115,292 properties went into foreclosure in the month of August, up 53% from last year.

The foreclosure problem is a direct result of irresponsible borrowing and irresponsible lending practices. Creative financing options like ARM's and interest only loans have created opportunities for potential homeowners to purchase bigger, more expensive homes then they truly can afford. Low introductory rates are appealing to consumers, but all too often when the rate adjusts it makes the new payment unaffordable.

Compounding the problem; home values across most of the nation are either stagnant or slowly falling. Having little or no equity in a home can make it virtually impossible to refinance, especially for homeowners who have less than perfect credit. This could leave thousands of homeowners with only one choice - come up with the money or foreclose.

If you have questions or need assistance in evaluating your current mortgage situation or if you have any mortgage, home loan, refinance, home equity, debt consolidation, reverse mortgage or foreclosure questions please visit www.BestLoanAgentLive.com – The website is free for consumers and 100% chat based. It doesn't require your phone numbers or e-mail address for free live advice from qualified Loan Officers nationwide.

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Anonymously Shop Mortgage Loans

A new website allows mortgage consumers the ability to "chat" live with Qualified Loan Officers. With the simple click of a button, a consumer can start a live & anonymous chat with a top mortgage company Loan Officer.

Twain Harte, California – July 27, 2007 -- A new website has been designed to offer mortgage consumers the ability to shop mortgage home loans anonymously. Loan Officer NetworX. has announced the official launch of www.BestLoanAgentLive.com ; a chat based mortgage "shopping mall" with instant live access to top Qualified Loan Officers.

The website is different from typical mortgage websites, because a visitor is actually communicating live with a professional mortgage consultant. One click and the visitor can chat live with a loan consultant from the brokerage of their choice.

When a customer visits BestLoanAgentLive.com, they simply click on the chat button to see if a licensed Loan Officer is there to serve them. A link displays indicates whether a loan officer is available to chat. The BestLoanAgentLive.com Licensed Loan Officer uses a technology called the Virtual Loan Officer an online service that help the Loan Officer shop your loan with the nations top lending institutions getting instant approvals, saving the consumer time and money.

It appears to be a successful approach as more and more consumers are reluctant to give out their phone numbers and personal information via online applications. Based upon preliminary results from a beta test conducted by Loan Officer NetworX., consumers are over 4 times more likely to initiate a chat with a mortgage consultant then fill out an online application.

Chat technology allows consumers the ability to "test the waters" without having to provide their phone number or e-mail address. Consumers also have the option to switch to a phone conversation with the same loan consultant at anytime they wish during a chat.

Offering live chat to mortgage consumers is a newer concept, but some industry giants already have implemented it. According to The Washington Times, live chat helped increase Bank of America's online mortgage sales by 800 percent in the first quarter of this year, compared with one year earlier.

It's good news for Bank of America and their "good credit" customers, but what about other mortgage consumers? Those that can't qualify for a traditional loan or those that what to shop companies and ask around.

According to the President of Loan Officer NetworX, Paul Croskrey, that's what makes BestLoanAgentLive.com so unique. Paul stated, "Having the ability to shop, ask, and get answers from Qualified Loan Officers offering all types of mortgage loans and services, all on one site, live and anonymously; that's what makes us appealing to consumers."

To ensure the safety of visitors to the website all chats are done over a secure server.

Live Mortgage Chat – Saving Consumers Time & Money

Consumers can now chat live with Qualified Loan Officers on one website.

Twain Harte, California – May 25, 2007 – www.BestLoanAgentLive.com is the first website to offer live mortgage chat with Qualified Loan Officers utilizing the Virtual Loan Officer. The new website claims to be different then other mortgage websites because it doesn't require visitors to fill out applications just to shop multiple lenders.

Consumers simply click the chat button and are instantly connected to a live Loan Officer from a National Lender.

Visitors to the website save time by not having to personally search out multiple lenders online. The BestLoanAgentLive.com Loan Officers use the Virtual Loan Officer online software that has 50 of the Nations Top Lenders products and allows for complete comparisons of all products allowing the Loan Officer to better shop the consumer’s loans and get them the best payment and interest rates all in less than a minute. The consumer also saves money by getting multiple product comparisons allowing for better decisions. The website allows visitors to remain 100% anonymous while chatting with a qualified Loan Officer.

It appears to be a successful approach as more and more consumers are reluctant to give out their phone numbers and personal information via online applications.

Based upon preliminary results from a beta test conducted by Loan Officer NetworX, consumers are over 4 times more likely to initiate a chat with a mortgage consultant then fill out an online application.

To ensure the safety of visitors to the website all chats are done over a secure server. BestLoanAgentLive.com also conducts background checks and personal interviews with all Loan Officers and provides special training to eliminate predatory lending.

Mortgage Trends: The Power of Mortgage Chat?

Banks & mortgage brokerage firms are originating more loans by "chatting" with borrowers.

Twain Harte, California – June 27, 2007 – Once again, technology is reshaping the way we access gather & use important information. According to mortgage industry analysts, online mortgage chat is the latest venture among banks and mortgage brokerage firms to keep up with online consumers.

Chat interfaces on bank & mortgage company websites allow consumers the ability to access real live loan consultants almost anytime they wish. It seems to be more convenient than filling out online mortgage applications, and it seems to be working.

Although industry wide results are not available at this time, many mortgage companies and banks have already reported exciting results with their mortgage chat programs. E*TRADE Mortgage has reported higher customer satisfaction scores and an increase in new mortgage loan sales from higher application rates by consumers who chatted with a mortgage representative.

According to The Washington Times, live chat helped increase Bank of America's online mortgage sales by 800 percent in the first quarter of this year, compared with one year earlier. The bank's online mortgage chat now operates with more than 100 employees.

Citigroup has also implemented chat and reports that a customer is four times more likely to start a home-equity loan application with the use of live chat. The company has also noticed better customer satisfaction rates among those customers who used their mortgage chat service.

In 2002 Wells Fargo & Co. was one of the first to offer live mortgage chat to consumers. Today, Wells Fargo's customer service agents are fully trained for online chat help. Other companies, like Countrywide offer chat on their company websites and also outsource some of their mortgage chat efforts.

The first company specializing in mortgage chat with Qualified Loan Officer using the Virtual Loan Officer technology that allow for instant loan approvals is Loan Officer NetworX. Their domain, www.BestLoanAgentLive.com allows borrowers the ability to chat with Licensed Qualified Loan Officers on one website. Visitors to the website remain anonymous and have free unlimited use to chat as they wish.

According to Loan Officer NetworX, mortgage consumers are at least four times more likely to chat with a loan consultant then fill out an online application. Launched earlier this year,

It's beginning to become apparent that online chat is becoming big business. How big? It's hard to tell, but if early results from the mortgage industry are any indication this could be fun to watch.