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Bill Rice is the CEO of Kaleidico, a leader in lead management systems. Prior to founding Kaleidico he was the VP of National Home Equity and the Home Loan Benefit program at Quicken Loans and one of the founding executives of DeepGreen Bank, an Internet-only bank that was one of the first and (at that time) largest buyers of LendingTree leads in early 2000.

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Lead Provider Shuffle: Mortgage Leads Out–Debt, Education, Insurance Leads In

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The mortgage market is having a bit of trouble. Was that understated? And it has lead aggregators scrambling for new lead generation niches. Lead Critic has a great post on why providers are moving, which is probably pretty obvious, and a few highlighted players. But, I want to take you a little closer to who is going where.

Bills.com: De-emphasizing mortgage. Higher weight in debt and credit products

ConsumerTrack.com: Picked up Bruce Cook from LowerMyBills which will give them added mortgage strength, but have excellent domains and products that position them well for credit and debt products.

LeadPoint.com: Effectively diversified to a variety of different verticals including debt services, payday loans, auto lending, and business services. They have also made a strong entrance into the UK lead market for a lot of verticals.

LendingTree/Tree.com: Will obviously continue their natural strength in mortgage and real estate, but looks to take their new brand–Tree.com–into student loans, auto, and insurance leads.

Low.com: Summarily shutdown their mortgage leads division and overnight recast themselves into an insurance lead provider.

LowerMyBills.com: Still prominently features mortgage, but has a mish-mash of other consumer credit and phone products. The subtle re-introduction of phone plans is a bit interesting in that it was one of Matt Coffin’s early visions and implementations of LowerMyBills–and seems to be where he has returned with his new interest in BillShrink.com.

Oh, and we shouldn’t forget the Experian influence–trigger leads are a short hop away at the parent company.

QuinStreet.com: A giant in the education vertical and recent mortgage lead provider. I am sure they intend to continue dominating education and grabbing left market share as other flee.

Reply.com: Solid auto lead provider that has strategically re-engineered themselves into a lead marketplace, for direct retail lead buyers and a lead exchange, for lead aggregators. Expect them to use their capital, relationships, and direct marketing expertise to quickly flush liquidity in several verticals outside of their auto core.

ZipSearch.com: A perennial strength in insurance leads is certain to continue their foundation there and build continued strength in mortgage and debt.

Mortgage Leads are certainly not vanquished and a lot of new home buyers and current homeowners are looking for solutions to their mortgage challenges, but the trend seems to be toward a stampede into debt and insurance lead generation.



Bill Rice is the founder of Kaleidico, a leader in contact management sales software. He is a frequent writer, speaker, and consultant on marketing and sales. He is passionate about helping organizations execute more profitable sale management strategies.

photo credit: Johnny Blood

  • Dan Weldon
    There are plenty of great lead providers for debt and health insurance leads if you are willing to test them out small. The best thing to do is to get several providers together. Stay away from the large agregators like Lead Pile or Lead Point. The quality will always end up bad.

    Things to make sure good debt lead providers have:
    -3rd Party Validation
    -Online Access to return leads
    -Real-time lead delivery
    -Do NOT require pre-payment

    Any company that can meet these requirements, probably is legit:

    Clover Leads - Semi Exclusive, Exclusive, Live Transfers (inbound)
    Leads 99 - Live Transfers from Outbound Dialing
    LowerMyBills - Semi Exlusive
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