Philip F Smith’s Loan Broker Network Review (2023): Scam or Legit?

Are you interested in starting your own loan brokerage business but don’t know where to begin? Look no further than Philip F Smith’s Loan Broker Network, a comprehensive program designed to help aspiring entrepreneurs like you enter the lucrative world of loan brokering. 

In this review, I will share my insights on the program, its benefits, and potential drawbacks, giving you a balanced perspective to help you make an informed decision.

What Is Philip F Smith’s Loan Broker Network?

Philip F Smith’s Loan Broker Network is a done-for-you mortgage and loan broker business program created by Philip K Smith and his partner, Kevin Harrington. This program offers a turnkey solution for individuals looking to enter the loan brokering industry by providing lead generation training and partnering participants with a dedicated team to handle all aspects of their business operations. 

It is worth noting that the Loan Broker Network is just one of the services offered on Philip F Smith’s website, philipfsmith.com.

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Who Is Philip F Smith?

Before diving into the details of the Loan Broker Network, let’s take a moment to get to know Philip F Smith, the man behind the program. Philip F Smith is a digital marketing consultant and the founder of philipfsmith.com. 

With an impressive track record, he has consulted for over 40 companies, including industry giants such as IBM, Intel, AT&T, and HP. His journey in the marketing industry began in 1998, where he started as a lead generation expert, finding and selling leads to lead buyers through advertising and marketing campaigns. 

Over the years, Philip F Smith has built and sold four digital marketing companies, solidifying his expertise in the field. His accomplishments have been recognized by reputable publications like Inc. and Forbes, further cementing his reputation as a respected figure in the industry.

How Does Philip F Smith’s Loan Broker Network Help You Make Money?

The Loan Broker Network aims to provide you with the tools, training, and support needed to establish a successful loan brokerage business. As a loan broker, your role is to connect borrowers seeking loans with lenders who are willing to provide the necessary financing. By facilitating these connections, you earn a commission for each successful loan transaction.

What sets Philip F Smith’s Loan Broker Network apart is its comprehensive approach. The program not only teaches you how to generate leads effectively but also partners you with a team of professionals who will handle every aspect of your business. From creating sales funnels to managing marketing campaigns and closing deals, this done-for-you service allows you to focus on growing your business while the team takes care of the operational details.

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What’s Inside Loan Broker Network?

When you join Philip F Smith’s Loan Broker Network, you gain access to a range of resources and support to help you succeed in the loan brokering industry. Here’s what you can expect to find inside the program:

1. Lead generation training

Philip F Smith, an expert in lead generation, provides comprehensive training on how to generate high-quality leads for your loan brokerage business. This training equips you with the knowledge and strategies necessary to identify potential borrowers and connect them with lenders.

2. Done-for-you service

The Loan Broker Network goes beyond training and provides a team of approximately 100 professionals who will handle every aspect of your business. From setting up sales funnels to managing marketing campaigns and closing deals, this team ensures that your operations run smoothly, allowing you to focus on building relationships and expanding your client base.

3. Access to a private Facebook group

Joining the Loan Broker Network grants you access to a private Facebook group where you can connect with fellow participants. This community serves as a valuable resource for support, collaboration, and sharing insights and experiences. You can seek help, learn new tactics, and stay updated on industry trends through this interactive platform.

Invitation to attend mastermind events: As a member of the Loan Broker Network, you may receive exclusive invitations to attend mastermind events either in person or virtually. These events provide opportunities for networking with industry experts, gaining valuable insights, and further enhancing your skills and knowledge.

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Who Is Loan Broker Network For?

The Loan Broker Network caters to individuals who aspire to establish their own mortgage and loan brokerage business and want a comprehensive solution to streamline their operations. Whether you are a beginner with no prior knowledge of the industry or an experienced loan broker looking to scale your business, this program offers the support and guidance needed to achieve your goals.

Are Clients of Loan Broker Network Getting Results?

It is natural to wonder whether the clients of Loan Broker Network are achieving the desired results. 

While there are numerous video testimonials from clients who have attended Philip F Smith’s live mastermind events, it is important to note that these testimonials primarily focus on the events and the sense of community, rather than providing concrete examples of real-world success achieved through the program. 

Additionally, there are several complaints lodged against the program on the Better Business Bureau (BBB) platform, and it is concerning that these complaints have gone unanswered and unresolved. Therefore, it is advisable to approach the program with caution and carefully evaluate its potential based on your specific needs and expectations.

 

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How Much Does Loan Broker Network Cost?

The cost of joining Philip F Smith’s Loan Broker Network is an important consideration for many individuals. At the time of writing this review, there are two pricing options available:

1. Option 1: $967 upfront payment, followed by 30 payments of $1 per day.
2. Option 2: $597 upfront payment, followed by one payment of $597 after one month.

It is essential to consider the program’s cost in relation to the value it offers and your anticipated return on investment. While the price may seem steep for some, the comprehensive nature of the program, the training provided by an industry expert, and the dedicated team supporting your business operations should be taken into account when evaluating the cost.

Is Philip F Smith a Scam Artist?

One crucial aspect to address when considering the Loan Broker Network is whether Philip F Smith can be trusted. It is important to note that Philip F Smith himself is an experienced marketing consultant and lead generation expert with a successful track record spanning over two decades. His extensive experience and achievements in the industry lend credibility to his services. 

However, it is essential to acknowledge that there have been complaints about the program and services offered through Philip F Smith’s website. It is advisable to conduct thorough research, read customer reviews, and consider all available information before making a decision.

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Is a Loan Brokerage Business Worth It?

In the ever-evolving financial landscape, the loan brokerage business continues to offer significant opportunities. Businesses and individuals alike often seek funding for various purposes, and loan brokers play a crucial role in connecting borrowers with suitable lenders. A loan brokerage business can be profitable due to the high demand for financing and the potential to earn commissions from successful loan transactions. 

However, it is important to note that success in this industry requires dedication, knowledge, and the ability to build strong relationships with borrowers and lenders.

Praises About Loan Broker Network

While there have been criticisms and concerns about the Loan Broker Network, it is important to highlight some of the positive aspects that users have praised:

• Comprehensive training: Clients appreciate the in-depth lead generation training provided by Philip F Smith, enabling them to understand the intricacies of the loan brokerage business and effectively generate leads.
• Done-for-you service: The support and assistance provided by the dedicated team of professionals are highly valued by participants. The team’s expertise in creating sales funnels, managing marketing campaigns, and closing deals allows clients to focus on growing their businesses.
• Access to a supportive community: The private Facebook group provides a valuable platform for participants to connect with like-minded individuals, seek advice, and learn from the experiences of others. The sense of community and camaraderie fostered within the group is often praised.

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Criticisms About Loan Broker Network

While there are positive aspects to the Loan Broker Network, it is essential to address the criticisms and concerns raised by clients and individuals who have reviewed the program:

• Lack of customer support: Some clients have expressed dissatisfaction with the customer support provided by the program. Complaints lodged on the BBB platform have gone unanswered and unresolved, leaving users feeling unheard and frustrated.
• High upfront cost: The price of joining the Loan Broker Network may be considered steep by some individuals, especially considering the ongoing costs and potential return on investment. It is crucial to carefully evaluate the program’s value and weigh it against your financial resources.
• Concerns about Kevin Harrington’s involvement: Kevin Harrington, one of the partners in the Loan Broker Network, has been involved in a lawsuit related to his alleged association with crowdfunding companies using deceptive practices. This legal issue raises concerns and may affect individuals’ trust in the program.

Should You Join Philip F Smith’s Loan Broker Network?

Considering the information provided, you should approach the decision of joining Philip F Smith’s Loan Broker Network with caution and conduct thorough research. While the program offers a comprehensive solution and the expertise of Philip F Smith in lead generation, the unresolved complaints and concerns raised by clients on the BBB platform are valid considerations. Additionally, the ongoing legal issue involving Kevin Harrington may also influence your decision.

It is advisable to assess your specific goals, resources, and expectations before making a final determination. If you are seeking a turnkey solution and are willing to invest in a program that provides comprehensive support, the Loan Broker Network may be worth considering. 

However, if you are primarily interested in learning about lead generation or have concerns about the program’s cost and potential risks, alternative options such as dedicated courses or mentorship programs may be more suitable.

Ultimately, the decision to join Philip F Smith’s Loan Broker Network should align with your individual circumstances, goals, and comfort level. Take the time to evaluate the program thoroughly and seek additional information to make an informed choice that best suits your needs.

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