30 Most Innovative Companies To Watch 2020
Real Estate is one of the most unexplored and aloof businesses when it comes to technology. Finding a new home can be one of the most anxious matters, especially for a new homeowner. Rick Orozco, The President, and CEO of Amped Lead Generation decided to tap into the mortgage market in a new and productive way to help the consumer have peace of mind in selecting a new home, and attaining financing with ease. In a short interview, he shared some of his insights and vision toward his ambitious mortgage and real estate adventure.
Q. What motivated you to address the challenges of real estate in lead generation?
The most stressful part of the process is attaining financing to buy your new home. Many companies market the real estate aspect of the industry, but the banks actually control the entire game. I have been in the mortgage industry for about 17 years. The problem with our industry is that 99% of Loan Officers just sit and wait to capitalize on the realtors’ hard work. Once a buyer is located they then hand the buyer to their lending partner to get pre-qualified to buy a house. I simply got tired of depending on others for my success and income. I built Amped Lead Generation to not only get in the game of marketing for buyers, but to dominate the arena. I also felt it would be a welcome change for my realtor partners if I could deliver pre-approved buyers back to them.
Q. How do you see the current market landscape of the real estate sector?
Real estate rarely has a downturn. Even when the financial crash happened in 2008, there were many markets that value was not affected. Even as Covid-19 has slowed down many industries, the real estate market is still hot. People simply always need a place to live, and with the capital markets hitting a slump, the mortgage rates are at an all-time low, and so the refinance boom has hit. At the same time, people are taking advantage of the low rates as they can attain a much higher priced home, and still stay in a monthly payment range they can afford.
Q. How different and difficult is lead generation in the real estate business as compared to other sectors?
Real estate lead generation is very difficult as a million realtors, and many real estate companies are spending billions in capital tomarket for the business. So the ad spend on the real estate side is saturated. The mortgage market was wide open, and it is the most important part of the transaction. No one pays cash for their house. This is why I purchased over 7,000 mortgage domains in the top 100 cities in the United States. They were all available, and now Amped owns the best website domains you can have in the industry. There is no way a competitor can try to compete now unless they spend billions of dollars. Amped owns all the best intellectual property in the industry.
Q. Please explain your services in brief.
Amped Lead Generation builds websites to market to targeted individuals looking for help in getting approved to purchase a new home. There are millions of people each month looking for help to get approved to buy a new home. We simply help people find the lending they need to make their dream of homeownership a reality. Having thousands of mortgage domains simply makes it easier for them to find their solution.
Q. Do you provide tailor-made solutions according to the client’s need or do you have one fit-for-all solution?
We have many loan products available to help people find a way to own a home. No loan is the same as the next. We simply find the client and then get the lender to fight to find a way to get the job done. We give them a path to easily contact an expert in mortgage lending to answer any questions, and also to have an outlet to solve any problems that come along the way. If they need to repair their credit we stay in the game to encourage them to change bad habits, or pay off debt to get the scores up and ratios down, and then when they are ready we get them into a home.
Q. What is the effect of the covid-19 pandemic on the real estate market? How can your clients overcome those challenges with the help of your services?
Covid-19 has changed the economic arena significantly. Millions have lost their jobs, and cannot get approved for a mortgage without a job. We cannot assist those without a job to attain a loan, but we can still advise them on what it will take in the future to get the job done. In other cases, because rates are so low, it has opened up the door to many that could not buy, due to debt ratios, to qualify today.
Q. Do you have skilled individuals who can help you provide the best services to your clients?
I have an entire team of very talented people that work with me at Amped. We have website builders, SEO experts, Social Media Marketing experts that utilize Facebook, YouTube, Instagram, Snapchat, and just about anything. We are constantly tweaking our strategy, and the SEO changes daily and differently by market. We take correction well and fix things accordingly. We just simply stay the course and keep each other on the right path to success. When everyone has the same goal and a hard work ethic committed to attaining the same goal it makes success easier to attain. Once you get 7,000 websites rolling properly it is like a freight train. Nothing can stop our momentum. Our clients are the lending partners. Our job is to provide an easy path to approval for the buyer, and to provide those customers to our lending partner in a smooth transition. Amped simply does this top notch.
Meet The Boss
Rick Orozco has been in the mortgage and real estate business for 17 years. Before that, he spent 8 years in the car business as a General Sales Manager, and for most of his life he has been in the music industry. The world “Amped” comes from his music background. He amplifies your message just like his guitar amp makes his music find its way to your ear. He commits to offer his 30 years of knowledge and success, and the many lessons learned from failure, to help you grow your business with lightning-fast lead generation, while avoiding the costly mistakes he has already experienced over the years.