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1003s.com

4162 Posts

Posted - 06/18/2007 :  12:17:50 PM
If, you are all about quality, look for a company that is also,

because, "Birds__ of_ a__ feather__ flock__ together"

If you go to a company that will take anyone with a pulse, expect problems down the road

of one kind or another.


If you are looking for an opportunity that is too good to be true, keep looking!

I don't have it for you. We recruit for many net branch companies

There pro and cons to each opportunity and no one opportunity is best for

everyone. Heck, maybe you should not be a net branch at all.

I can think of as many reasons not

to net branch, as I can to net branch. At the end

of the day, it all boils down to your own unique

set of circumstances, that may not be the same, in

some significant ways a year from now. So while, a

net branch, might not be a good fit for you now, it

could be 12 months from now


In any case if you think a net branch or an off site LO opportunity might make sense,

Take a look at the list.

_________________________________________________________________________________________

Opportunity #1
$535 – flat fee per file FHA loans no monthly fee.
$500- = NON FHA loan, flat fee per file.
Raw banker pricing, no padding with:

Flagstar
1st Advantage Mortage / fka :DK Funding
SunTrust
FHA Approved with :
American Financial Resources
American Southwest Mortgage Corp
Assurity Financial
Birmingham Bancorp Mortgage Corp
Classic Home Financial
EverBank
Florida Capital Bank Mortgage
Liberty Mortgage
Nations Direct Mortgage
PMAC
Plaza Home Mortgage, Inc.
Polaris Home Funding Corporation
ReverseIt
Senderra
Sun West Mortgage Company, Inc
Universal Mortgage Corporation
This program supports 1099 or W2 employee’s classification is dictated by licensing in each state. If you plan to originate FHA loans you must be a W2 employee.
Many of the branches with this company close loans under their own DBA so they are
are able to build their own brand name, while at the same time having the ability
to close FHA loans and have access to a large lender list and in some cases take
advantage of a preferred price.
This program has a great technology platform.
Pick your own LOS.
AR,CA,CO,FL,HI,IA,IL,IN,KS,LA,MI,MO,NE,NM,OK,SC,TN,TX,WI
States where 1099 is an option =WA,KS,MO,
Branches can use a registered DBA with this program in all states except,
IA, IL,NE,SC
A branch that is W2 can still use a registered DBA for marketing.
This is a great feature, for brokers that are considering converting to
a net branch type opportunity for the purpose of doing FHA loans,
as it allows them, to retain the name, they spent
time, effort, and money establishing.


RE: CA
Due to CA, market conditions 1003s.com Corporation,

has placed all CA recruiting on hold until JAN /2010

________________________________________________________

Opportunity #2


Also, with regard to Opportunity #2 below, we recruit only

experienced branch managers and brokers. To qualify for opportunity

# 2, you must already have a commercial office space, and a team of

LO's in place. Most of the folks I recruit as branch managers have

existing established earnings of $50,000 to $200,000, and are looking

to move, because an existing employer is having issues of some type.

We also recruit established brokers, that either lack banking capacity,

or FHA approval, and want to join a branch to cure that type

of weak link in their business plan. If you are an LO, and lack

recent management experience or do __not have or want a

commercial office space, opportunity # 7,

also below, might be worth a look.

_____________________________________________________________

Opportunity #2

$500- flat fee per file no set up fee

AL,CA,CO,FL,IL,IN,ID,LA,MD,MN,NM,
NJ,OH,OR,PA,TN,VA,WA,WI,WY

Conventional, FHA, VA

It is your choice you can either close loans on

the banker side or broker out your entire pipeline.

If you like to banker loans,

they have open book pricing with:

AM Trust,

Frankin American

Flag Star

Branches must close a MIN of 2-3 files per month.

Monthly E&O & TECH fees $250-

Branch managers last 2 years w2’s should average a MIN of 50K

Stable Employment history required.

Good Credit Required

To qualify for this opportunity you must already have a commercial

office space, and a team of LO's already in place.

Most of the folks I recruit as branch managers have

established branches and already earn substantial

incomes, and are only looking to make move,

because an employer is having problems.

We also recruit established brokers, that either lack

banking capacity, or an FHA approval, and want to

join a branch to cure that type of weak link in their

business plan.

____________________________________________________________________

Opportunity #3


DE,FL,GA,IL,KY,MA,ME,MO,MD,MI,NC,NM,NJ,NH,PA,RI,SC,TN,VA,VT,

This opportunity is geared for branches that close 10 plus loans per

month, All loans are closing on the banking side with internal

full eagle underwriting.

note: this opportunity does note cover Reverse Mortgage loans.

Below is list of branch locations, that may consider hiring LO’s.

Split 50/60 your own leads.

Split 30/45 their leads

Types of leads:

Lending Tree

Lower my bills.com

Direct mail

Grid Ads.


Please note, all potential LO’s last 2 years w2’s should average

a MIN of 50K

Haddon Township, NJ

Mt. Laurel, NJ

Hainesport, NJ

Mt. Holly, NJ

Cherry Hill, NJ

State College, PA

Lititz, PA

Christiana, DE

West Haven, CT

Plymouth, MA\Greensboro, NC

Kingston, PA



_________________________________________________________________________

Opportunity #4
$495- per file plus / 149 per mo accounting fee /MIN 1 file per month
Or
$1495- Flat Monthly fee, monthly accounting fee of $149 = 1644
Branches can switch between options with 30 days notice.
CONV, Non CONV, FHA,- Reverse Mortgages, VA, Rural Development.
DBA’ s will be considered on a case by case basis.
Licensed States.
AL#1, AR#2, AZ#3,CA#4, CO#5, CT#6, DE#7 ,FL#8, GA#9, IA#10,
IL#11, IN#12, KY#13, LA#14, MA#15. MD#16, MI#17, MN#18,
MO#19 MS#20, NM#21, 0H#22, OR#23, RI#24 SC#25 TN#26, TX#27,
UT#28 WA, WI#29 WV#30
Watch this list grow! Several more states are pending.
Large Lender List.
Other Costs $7- per week for each employee covers fees do to outside payroll
Company.
$7 per employee, per week Fee which covers all payroll related fees from Paychex® (payroll provider), the set up and monthly hosting fee for a personalized website and the set up and monthly usage of Encompass® (TFF’s Loan Origination software).
Pay is once per week
Pay Method: W2
Getting Started: Application fee is $99- non- Refundable. This covers all Background checks. Security for you to know were hiring Quality Partners
Set up fee : $400 includes LOS - Encompass Registration, labor law posters, $400 of this setup cost is used to provide you with the necessary branch start up material needed: Licenses, charm booklets, all labor law posters, Brochures, Folders, Letterhead & Envelopes, Encompass registration, this all comes in Logo Leather Brief case etc…
CORP, volume prices on lead purchases.

RE: CA
Due to CA, market conditions 1003s.com Corporation,

has placed all CA recruiting on hold until JAN /2010

______________________________________________________________
Opportunity #5
FED Charter
This is banker only opportunity


RE: CA
Due to CA, market conditions 1003s.com Corporation,

has placed all CA recruiting on hold until JAN /2010

_____________________________________________________________

Opportunity #6
Licensed in : LA, and MS
CONV, FHA VA,
For LO's:
$450- Flat fee per file. . All loans are brokered,
no padded rates. All processing for for loans
generated by off site LO's will be performed
at the corporate office, and the cost for
loan processing =$350- per file

****************************
For commercial branch office locations:


$1200 flat fee per month
Up to 15 closed files per month and $100 for each file over 15 per month.
branches with-out their own “approved processor”,
will pay $350- per file for corporate office processing.
A potential approved processor would be an experienced processor,
that is __not an LO and is a w2 employee of the company working
at the branch location.
IE, ___not a contract loan processor.


RE: CA
Due to CA, market conditions 1003s.com Corporation,

has placed all CA recruiting on hold until JAN /2010


_______________________________________



Opportunity #7
Off Site LO’s
$500- flat fee per file no set up fee
Plus
$575- for required corporate office processing.
Licensed in the following states:
AL,CA,CO,FL,IL,IN,ID,LA,MD,MN,NM,
NJ,OH,OR,PA,SC,TN,VA,WA,WI

However, :
No Offisite LO’s will be hired living within the borders of the
following states: CA
Conventional, FHA, VA

Monthly E&O fee $200-
If you like to banker loans,
they have open book pricing with:
AM Trust

Income Requirements: LO’s should be able to prove prior income
Average over 50K for past 2 tax years.
Stable Employment history required.
Good Credit and liquid assets required.

RE: CA
Due to CA, market conditions 1003s.com Corporation,

has placed all "CA" recruiting on hold until JAN /2010




________________________________________________
Opportunity #8

Client placed on 90 day hold.

Work From Home Loan originator program:
No licensing or REG Requirements In the following states:
AK, AL, AR, CA, CO, DE, FL, GA, IL, IN, IA, KY, LA, MI, MN, MS, MO, NE, NV, NC, OH, OR, PA, SC, SD, TX,
VA,
The employer is not hiring CA residents at this time.
FHA Approved (Over 20 FHA Lenders) // VA Approved // Reverse Mortgages
No start-costs for Originators, Approval Process : 24-48 Hrs
**** No Hidden Fees or Padded Rates (True Investor Rate Sheet Pricing) ****
Commissions (All Origination, YSP/SRP - $695 Administration Fee -$450 Processing & -35 Courier Fees
Monthly Fee $500, 10% ADMIN fee and no subtraction for employers part of the FICA, FUTA, SUTA, and Workmens COMP.)
Aggressive Team Building Structure (Earn Overrides)
Realtor Program (Hire Realtors as Jr. Loan Officers)
SB1167 Exempt (IL Exemption Certificate)


RE: CA
Due to CA, market conditions 1003s.com Corporation,

has placed all CA recruiting on hold until JAN /2010

___________________________________________________
Opportunity #9


CA Off Site LO only opportunity

Broker in business 25 years

$500- flat fee per file no set up fee

$575- Processing fee

Requirements

5 years experience

FICO over 600

$10,000 liquid assets

last 2 years W2’s $40,000 MIN income average

Stable employment history.
tbynum

80 Posts

Posted - 06/25/2007 :  5:30:08 PM
I'm interested in one the opportunities, email me
tbynum

80 Posts

Posted - 07/02/2007 :  10:51:26 AM
what is needed for Opportunity #5?
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1003s.com

4162 Posts

Posted - 07/02/2007 :  11:05:59 AM
Mrs.Bynum,

RE: Opportunity #5

They are looking branches that have the potential to do several million

per month in A paper or ALT A loans on the banker side. They are looking

for people with a track record of doing these kinds of loans in large

volume, or someone who has been working a sales manager for people doing

these kinds of loans. They will consider a branch doing only a million

or less per month only where they perceive great future potential.

tbynum

80 Posts

Posted - 07/02/2007 :  11:13:10 AM
oh no, I'm just a lowly Loan officer looking for a web based program to originate for.
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1003s.com

4162 Posts

Posted - 07/02/2007 :  11:38:42 AM
Mrs.Bynum, The only program I have that is web based is the license

exempt state bank subsidiary, and the costs involved with that program

often put LO's off. I expect to have somthing new in soon that is

easier on the fees and set up for off site LO'S, I doubt it will be web

based however.
dave32@bellsouth

313 Posts

Posted - 07/06/2007 :  08:22:49 AM
whats your lender fees?
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1003s.com

4162 Posts

Posted - 07/06/2007 :  09:42:41 AM
My fees are all paid by the companies I recruit for, no fees to branch applicants for my services.
pcolligan

29 Posts

Posted - 07/07/2007 :  3:38:09 PM
Bob
can you send me info on the fed charter program you have. Need to fill in a bunch of states. thanks
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1003s.com

4162 Posts

Posted - 07/08/2007 :  11:12:46 AM
Hi Patrick,

I recruit for a subsidiary of a state charter bank. No FED Charters

for now.
Mortgagepro321

613 Posts

Posted - 07/11/2007 :  2:55:57 PM
bob - give me a call when and if you have a chance I have a few questions
940-595-8462
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1003s.com

4162 Posts

Posted - 07/13/2007 :  07:55:29 AM
Thanks Jason.
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1003s.com

4162 Posts

Posted - 07/16/2007 :  08:31:07 AM
LOL, a "hijacker" with un-disclosed company name, how shocking...
aevans

33 Posts

Posted - 07/18/2007 :  3:01:51 PM
Bob, i left you a voice mail. I need to speak with you ASAP. Please call me. 260-246-9117.
Thanks, Anne
velecico

5315 Posts

Posted - 07/18/2007 :  6:17:18 PM

I would never call someone that hi jacks a post , what an idiot
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1003s.com

4162 Posts

Posted - 07/18/2007 :  7:54:43 PM
quote:
Originally posted by aevans

Bob, i left you a voice mail. I need to speak with you ASAP. Please call me. 260-246-9117.
Thanks, Anne



Anne,

Thanks for the call, I will follow up again with you in the AM.
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1003s.com

4162 Posts

Posted - 07/18/2007 :  7:58:54 PM
quote:
Originally posted by velecico


I would never call someone that hi jacks a post , what an idiot



Nick,

That is wise on your part,

from what I have seen in the past from post hijackers,

the hijacking thing, was just a small sign of more serious issues.
jamieonthegulf

142 Posts

Posted - 07/19/2007 :  8:08:36 PM
Can you elaborate on #4? Feel free to email me directly or to respond here. Thanks.
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1003s.com

4162 Posts

Posted - 07/19/2007 :  9:19:30 PM
quote:
Originally posted by jamieonthegulf

Can you elaborate on #4? Feel free to email me directly or to respond here. Thanks.



Jamie Thanks,

I sent you an email.
geo21208

3278 Posts

Posted - 07/26/2007 :  12:47:16 PM
quote:
Originally posted by xavierramirez

HERE IS ANOTHER OPTION:

$0 set-up - work from home.

We purchase over 30,000 internet leads a month from most of the major suppliers, including LendingTree and LowerMyBills. We get the best quality leads at the best price.


You may be working from home, but you will not be alone. You will be assigned to an in-house support team which will include a support manager, processors, underwriters and closers. We have over 40 in-house processors and you will get decisions from underwriting in less than 4 hours typically. Close your loans in as little as 7 days.

Benefits:

More Money – Dramatically increase your income
More Freedom – Work from home, Be Your Own Boss.
More Flexibility – Work on what’s in your best interest.
More Control – You control your career, not your boss.
More Stability – Diversify your income, less risk

We are looking for Experienced Loan Officers.

NO LICENSE NEEDED

Contact:
Regional Sales Director
1.888.569.2809 x7
714-206-9641 Direct



great! I wanna know more! Tell me about the 30K+ crap leads you buy, please? Work from home? Great! I want my kids doing AIM on my computer. Please email me more info! Oh, and could you hijack a few more posts so more people see what kind of person you REALLY are?
startecbuzz

78 Posts

Posted - 07/26/2007 :  12:56:00 PM
Bob,

Nobody picked up the phone I tried calling many times.
xavierramirez

78 Posts

Posted - 07/26/2007 :  1:24:40 PM
I can hear the voices too - sounds good but...
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1003s.com

4162 Posts

Posted - 07/26/2007 :  1:30:32 PM
Tom,

Thanks, for letting me know, I was working on another computer, and

was checking in for voice mails.

kingfish

336 Posts

Posted - 07/27/2007 :  06:03:47 AM
Bob,

call me 585-750-2796. Have existing office/s and need flat fee per file or monthly fee. Please, only if the company is willing to provide references from existing net branches...

mike
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1003s.com

4162 Posts

Posted - 07/27/2007 :  07:17:12 AM
quote:
Originally posted by kingfish

Bob,

call me 585-750-2796. Have existing office/s and need flat fee per file or monthly fee. Please, only if the company is willing to provide references from existing net branches...

mike



Mike,

That is very reasonable request, one of the companies I recruit for has that

information on their company website.
geo21208

3278 Posts

Posted - 07/27/2007 :  11:47:34 AM
Hey Bob. What's the incentive for a lender giving out a branch opportunity for a flat monthly fee? From my side, I think it's great, but if a lender makes the same amt from me no matter how many loans I do, why would they waste time by helping with marketing, and continued training? BTW, I got your message, but it's Friday. Will speak with you on Monday.
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1003s.com

4162 Posts

Posted - 07/27/2007 :  1:17:10 PM
quote:
Originally posted by geo21208

Hey Bob. What's the incentive for a lender giving out a branch opportunity for a flat monthly fee? From my side, I think it's great, but if a lender makes the same amt from me no matter how many loans I do, why would they waste time by helping with marketing, and continued training? BTW, I got your message, but it's Friday. Will speak with you on Monday.



Geoffrey, That is a really good question.

I have heard before that branches that sign up for these kinds of programs

average 3 loans per month. So if they charge $1500 that are

would earn an average of $500- per file.

Some branches have trouble doing 3 loans a month

and may have trouble paying the monthly fee.

So if the company is providing them

some marketing help and training it would make sense

that more branches would be able

to pay that minimum fee if they are getting help with these things.

Often a company will allow a weak producing branch to switch over to a

per file fee program and in this case the company clearly stands to profit

more if the branch receives needed help.

All that being said, I really don't think anyone should go to

a net branch company, if they feel they need to much support.

Because even at $500- per file, the company really does not have much

finanical incentive to provide a branch a large amount of support.
geo21208

3278 Posts

Posted - 07/27/2007 :  7:46:08 PM
Only support I would look for is marketing materiel. Perhaps marketing strategies
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1003s.com

4162 Posts

Posted - 07/27/2007 :  8:02:06 PM
Most companies offer some of both, some more than others.
geo21208

3278 Posts

Posted - 07/27/2007 :  8:26:42 PM
It's Friday night Bob. Go out, get a beer, have some dinner lol.
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1003s.com

4162 Posts

Posted - 07/28/2007 :  05:38:58 AM
Geoffrey,

Good idea..
robpatti12

41 Posts

Posted - 07/29/2007 :  4:12:03 PM
Sorry Bob. Posted in the wrong thread.
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1003s.com

4162 Posts

Posted - 07/29/2007 :  5:19:28 PM
Thanks Rob
msancheznj

2252 Posts

Posted - 07/31/2007 :  09:36:11 AM
I'm intrested in #4-9-10-14

Please shoot me an email with details, please.

Thanks
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1003s.com

4162 Posts

Posted - 08/07/2007 :  4:41:39 PM
quote:
Originally posted by mark247



We are generating exclusive mortgage leads through our call center operation in INDIA in Gurgaon(100 seats expandable to 400 seats),STPI Ranchi ( 50 seats
- Hide quoted text -
expandable to 100 seats ) and a new infrastructure
near completion in Noida which can house more than 400 seats with world class infrastructure and facilities.

we generate exclusive hot transfer or batch leads for our different clients in US.

CURRENTLY we are dialing for different mortgage client with 48 seats and are generating good volume of refinance leads with following filters.

Loan Amount >100 thousand Dollars

· Loan to value ratio <85%

· Above 540 Fico Score

· SFR Only (Single Family Residence) Condos or Town homes

· No Mobile Homes, Manufactured, and Doublewides.

· No Commercial Property, No Raw Land, No Construction

· No Bankruptcy or Foreclosure

· Last refinance must be > 6 months

· New purchase > 12 months

· Interest Rates: fixed rates must be greater
than 6.75%,

fixed rates at 6.75% or
below must require a
minimum cash-out of $20K
and 10% of the Loan Amount.

Any homeowners in a fixed Adjustable Rate Mortgage (ARM) whose interest rate will adjust within 6 months are accepted without cash out.

Any variable rates are accepted.

· English & Sapanish Speaking customers only.

· Must be Employed (No Retirees)

· Assigned States from Clients

· No Prepayment Penalties

so we can supply exclusive qualified leads of your interest
We are keen to partner with companies and individuals of good repute and having a long term business plan and prospect.

hope to hear from you soon and take the matter further.

Regards
Manish
Operation Head
Calling 247
Software Technology Parks of India
Ranchi
cell: 0091 993 110 3789





Mark,

I noticed you are kind of new to Broker Outpost,

so you may not be aware,

just how rude forum members will consider you to be,

when you hijack other peoples threads...

Please remove your post!
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1003s.com

4162 Posts

Posted - 08/09/2007 :  10:13:20 AM
Opportunity #2 and #4 both meet those requirements.

I don't think either one of those companies is really into reverse

mortgages on a corporate level, one or both may have some

branches involved with "reverses" however.
jaymac

204 Posts

Posted - 08/09/2007 :  8:00:55 PM
Bob, can you elaborate more on opportunity # 8? Can they bank and broker, support, # of lenders, dba possible, payout turn time, any incentives, start up costs, etc.

Thnaks,

Jay

Thanks,

Jay
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1003s.com

4162 Posts

Posted - 08/09/2007 :  10:25:01 PM
#8 can bank FHA and Subprime only, the rate padding will be thick,you can broker all your loans if rate is an issue. The branch manager controls pay cycles, from a shared account. They had over 100 lenders
prior to the subprime implode, I estimate over 60 now. Almost every net branch gets some volume incentives from some company, more often than not though, the company offering the incentive has higher rates
so the incentive becomes a moot point. Start up costs vary per program. On the monthly fee program they are:

1st mo paid in advance $1548
Application $ 200
Escrow $1000
Checking ACCT Deposit $ 100
______________________________
$2848
Plus any fee due your state for a branch license.


On a side note, the payroll is all handled through Paychecks, and the branch is

required to pay the Paychecks fees, they range from $33-$75 per payroll run depending

on how many branch employees are included.

DianeSwanson

5 Posts

Posted - 08/26/2007 :  11:15:17 AM
quote:
Originally posted by 1003s.com

If you are all about quality, look for a company that is also,

because, "Birds__ of_ a__ feather__ flock__ together"

If you go to a company that will take anyone with a pulse, expect problems down the road

of one kind or another.


If you are looking for an opportunity that is too good to be true, keep looking!

I don't have it for you. We recruit now for many net branch companies

There pro and cons to each opportunity and no one opportunity is best for

everyone. Heck maybe you should not be a net branch at all.

I can think of as many reasons not

to net branch, as I can to net branch. At the end

of the day, it all boils down to your own unique

set of circumstances, that may not be the same, in

some significant ways a year from now. So while, a

net branch, might not be a good fit for you now, it

could be 12 months from now


In any case if you think a net branch or an off site LO opportunity might make sense

Take a look at the list.



Opportunity #1

No Set Up Fee, $500 – flat fee per file no monthly fee.

This program supports 1099 or W2 employee’s classification is dictated by licensing in each state. If you plan to originate FHA loans you must be a W2 employee.

This program has a great technology platform.

Pick your own LOS.

CA,CO,FL,IA,IL,IN,KS,MI,MO,NM,TN,TX,WA

_____________________________________________________________________

Opportunity #2)


$500- flat fee per file no set up fee

CA,CO,OH,Il,FL,HI,NJ,PA,WI,MI,IN,TN,SC,MO,MN,CO,NC,NY

OH,IN,NJ=Banker only

SC First MTG only.

Licenses Pending: VA,MD,ID,AL,NM,LA

HI=Hud Exempt,must verify lender accepts exempt status




Conventional, FHA, VA

It is your choice you can either close loans A-C on

the banker side or broker out your entire pipeline.

Branches must close a MIN of 2-3 files per month.

Monthly E&O fee $100-$300 - varies with volume.

If you want to banker your loans, the padding is real thin.
We are not recruiting branches located in NY for this
program.
_________________________________________________________________

Opportunity #3

$495- per file on loans in your home state.
AK,AZ,,CA,CO,,FL,HI,ID,IN,IL,MD,MO,NM,NC,NV,OR,TN,TX,UT,VA,WA,WY

More states are pending.

No Monthly fee

No Set up Fee
1099 where allowed

CONV loan fees can be paid to a registered DBA.


CONV, FHA

In some cases branches could be paid on a DBA

___________________________________________________________________

Opportunity #4

$750 Flat fee per file / No Set up fee , No monthly fee.

AK,CA,CO,CT,FL,IN,KY,MA,NJ,NY,OR,PA,RI,VT,WV



States pending:Arkansas
Michigan
Tennessee
Delaware
Georgia
Texas
North Carolina
Ohio
Virginia
Maryland
Montana- Need a person there
Nevada- Need a person there


CONV, FHA, VA,

Broker all your loans or banker your choice.

___________________________________________________________________________________

Opportunity #5


This is a good opportunity for someone who wants to banker most of their loans.
The branches get 100% of the rate sheet price with no fee per file or per month
Branches are able to broker out loans however this program is really not geared for that. They offer marketing support and the strength of a company that has been around a long time.

AL,AK,AZ,AR,CA,CO,CT,FL,GA,HI,IN,KS,KY,LA,MD,MI,MN,MS,MO,MT,NV,NM,NC,OH,OK,SC,TX,VA,WI,WY

___________________________________________________________________
Opportunity #6
This is not a net branch opportunity, this is for offsite loan officers
Wishing to be license exempt in the following states,

AL,CO,DE,FL,GA,IA,IL,IN,KY,LA,MI,MO,MS,MN,NE,NC,NV,OH,OR,SC,SD,TX,VA,WA

CONV and FHA loans.

No licensing or REG Requirements.
No Padded Rates / All loans are brokered
Quality control is solid
70% commission with no subtraction for
the employers part of the FICA, FUTA, SUTA, and
Workmens COMP. No Charge for credit pulls- subject
to change or limitations. Set up is fast and Cheap.
No Monthly Charges.
The down side:
Per file costs run higher than any other opportunity
We recruit for.
LO’s are not allowed to process their own loans.
Every 1st mtg file has a processing and Admin fee of $1180-

on top of that lenders are still going to want their
$500-$800 fee- whatever they charge.
This program make sense only for
LO’s doing loans with a MIN of $3000-$4000- in fees.

________________________________________________________________________________

Opportunity #7

AL,AK,AR,CA,CO,FL,IN,KY,LA,MI,MS,MO,NM,OK,TN,TX

They are licensed as a banker in Texas so they do not require LO's have a TX LIC.


$350- per file plus .250BPS many lenders offer pricing a price bonus that offsets the BPS

This program also offers thinly padded banker products CONV, plus FHA,and VA



_____________________________________________________________

Opportunity #8

450 per mo flat fee.

$300 per closed file.



Option (2)
$1548 per month flat fee includes branch E&O insurance.

Branches must Encompass or pay a $40- fee per file for data entry.

Alabama, Colorado, Connecticut,Florida, Georgia, Illinois, Indiana,

Kentucky, Louisiana, Missouri, Mississippi,New Mexico, North Carolina

South Carolina, Texas, Tennessee

___________________________________________________________________
Opportunity #9

$1500- Flat monthly fee


FL,CO,CA,CT,MD,TN,PA,DOC-DC

NO TECH FEES, NO LOS FEE, Free Encompass Use.

All loans are brokered on this program. No Padded Rates.


This program comes with an option to convert to a fee per file of $495 with no monthly fee

All new branches must go to corporate, for 2days training

Has VA, does not have FHA...

Prefered title Company provides 300 public record ARM leads per branch every loan.
___________________________________________________________________


Opportunity #10

NJ, PA more states pending in that region.

A PLN Preferred lender network

This works like a health insurance PP0 if you stay in net work (with the lender) your per

file fees are lower than if you go out of network.

Costs Per file: $430- in network

$630- out of network


Another neat twist to this opportunity,

it is the only opportunity I know of that pays part of the branch managers health

insurance costs. They pay 30% of the branch manager’s health insurance premiums

___________________________________________________________________


Opportunity #11

For offsite LO’s
$790 Per File includes Processing as LO's working
from home are not allowed to process their own files.

Monthly fee is $225
Everyone is W2 and they take out a 15% ADMIN fee to cover employers
FICA Costs.

AK,CA,CO,CT,FL,MA,ME,MD,MN,NJ,NY, PA,VA,WY
This program has a company credit account option subject to

qualification branches can pay expenses with pretax dollars.


______________________________________________________________________________________

Opportunity #12


This Opportunity is cost effective and does not require the branch manager to have good credit.

$ 150 monthly fee and $500 per file.



IL,IN,MI,FL

_______________________________________________________________________________________

Opportunity #13

You get what you pay for.
Monthly Fee $300- per file fee $60-

This is an opportunity for those more concerned about costs.
LO’s do most everything with the company online.
AK,CA, CT, FL, GA, KN, IL, IN, MI, TN , OR, WA,

______________________________________________________________


Opportunity #14
$295 flat fee per file, office must be B&M
mothly fee $225-

15% Admin fee 15% more than covers employers payroll tax.

AK,CA,CO,CT,FL,MA,ME,MD,MN,NJ,NY, PA,VA,WY


__________________________________________________________________
Opportunity #15
1099 only

FL,CO
FL, LO’s licensed only.
80% with a fee of $450 per file, work from home LO’s can process their own loans and have bad credit.

__________________________________________________________________________________________

Opportunity #16

This is a great program for branches that go through production swings,

Fee is $395- per file for the 1st 4 files per month.

Plus 8% of commission

8% is the only fee on files 5 and up
CA, FL, VA, MD, GA, CO, MI, MN, MA, NM and CT

__________________________________________________________________________________________

Opportunity #17

Offsite Loan officer opportunity

AL,AK,AR,CA,CO,FL,IN,KY,LA,MI,MS,MO,NM,OK,TN,TX

They are licensed as a banker in Texas so they do not require LO's have a license TX

LIC

$750- per file plus .250BPS many lenders offer pricing a price bonus that offsets the BPS

During the 1st 90 days offsite LO's will not be allowed to process their own files and there will be a processing fee of $400. Per file during that time period.

After 90 days LO's processing their own files=subject to approval.


This program also offers thinly padded banker products CONV, plus FHA,and VA

The lender list is very long.

This program also offers LO's the opportunity to be 1099'd up to 75% of income

__________________________________________________________________________________________

Opportunity #18)

This is an offsite LO Opportunity,


CA,CO,OH,Il,FL,HI,NJ,PA,WI,MI,IN,TN,SC,MO,MN,CO,NC,NY

Commission is 75% W2 wages, the employers part of FICA is subtracted from their 25% not

the LO'S portion. All files processed at CORP, $550-per file to process

MIN 1Yr experience


Conventional, FHA, VA

If you want to banker the padding is on .25 or broker out everthing, whatever you like to do.

Monthly E&O fee $100-
__________________________________________________________________________________________

Opportunity #19


offite LO

75% of Bankered pricing goes to LO /Employers FICA's is not charged to Lo
per file processing fee APROX $500-

This is a good opportunity for someone who wants to banker most of their loans.
Branches are able to broker out loans however this program is really not geared for that. They offer marketing support and the strength of a company that has been around a long time.

AL,AK,AZ,AR,CA,CO,CT,FL,GA,HI,IN,KS,KY,MD,MI,MN,MS,MO,MT,NV,NM,NC,OH,OK,SC,TX,VA,WI,WY



Opportunity #20


Hybrid Monthy fee and fee per file. This is for small offices only 1-15 Loan officers.

Monthly Fee $1000- per file fee $60-

All loans are brokered on this program. No Padded Rates.

AK,CA, CT, FL, GA, KN, IL, IN, MI, TN , OR, WA,


_________________________________________________________________________________________

Opportunity #21

$495- flat fee per file

FL,CA,CT,MD,,TN,NJ,PA,DOC-DC

NO TECH FEES, NO LOS FEE, Free Encompass Use. set up fee $750-

All loans are brokered on this program. No Padded Rates.

FL,CA,CT,MD,,TN,NJ,PA,DOC-DC

This program comes with an option to convert to a flat monthly fee of $1500-

All new branches must go to corporate, for 2days training

__________________________________________________________________________________________

#22

Off site LO opportunity

This is for IL only

Pay will range from 60-85% commission depending on volume

$300-$400- fee required to process loans.

_________________________________________________________________________________________

#23

Commercial Net Branch.

This is a unique opportunity for someone that wants to get involved in commercial loans.

but does not want to deal with processing, ETC.

The Branch would take in a file and ship it out for processing.

The branch would earn 75%

The Provider would earn 25%

The 25% covers their file processing costs

They have relationships with 16 commercial lenders.

Upfront Set Up Fee is $1500-

Training and software is included with the set up fee.

Experience, No commercial experience is required, however

they are looking for some RES experience.


________________________________________________________________________________________

#24

CA, DRE's offsite 1099 LO opportunity

Flat fee $646 per file process your own loans

over 60 lenders.






How soon before you become licensed in MD? I have an associate that may be interested.
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1003s.com

4162 Posts

Posted - 08/27/2007 :  06:38:57 AM
Diane,

I recruit for a number of companies, "my fee is paid by the company"


For MD, The Following opportunites by number,

are through companies already licensed in the state of MD

#3,5,9,11,14,16,19,21


Also opportunites #2 and 4 have licenses pending in many states, I never estimate

dates of expected license however, as I would not recruit a branch based on

an estimate that may later prove invalid. And state regulaters often take more or less

time than expected, to such a degree, as to render time estimates of little utility.
velecico

5315 Posts

Posted - 09/07/2007 :  8:27:28 PM

I just sent you an e mail , can you call me on Monday 609 487 1213 x 210
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1003s.com

4162 Posts

Posted - 09/07/2007 :  8:50:04 PM
Nick, I just responded to your email
velecico

5315 Posts

Posted - 09/08/2007 :  6:42:29 PM


The web site looks awsome , one thing I cant understand is how you get paid if its already pricing the deal out on the web site , is this a net branch opportunity or you work as an LO ?
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1003s.com

4162 Posts

Posted - 09/08/2007 :  7:37:25 PM
Nick,

The opportunity "example" on my web site is for just one

of the many companies I recruit for, and they are not licensed

in NJ. It was for branches,rather than LO's.
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theloanexperts@y

189 Posts

Posted - 09/10/2007 :  11:15:45 AM
I see your ad on here a lot. Can you tell me if there is a way to post an ad "automatically" or do you just update it on here every so often?

Thanks!
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1003s.com

4162 Posts

Posted - 09/10/2007 :  11:19:46 AM
Gary, not automatically.

Captain Mortgage

2559 Posts

Posted - 09/11/2007 :  3:34:37 PM
Just e-mailed you Bob, very excited about getting set up
mikecn

330 Posts

Posted - 09/11/2007 :  7:38:20 PM
Bob

I have a question. If I wanted to join a company and start a net branch and that company was licensed in multiple states, and we entered into a W-2 pay arrangemnt, does my branch and or Loan officers have to be licensed in each state we want to do business in or are we protected by being W-2 employees of the company if they are a "bank".

Ive seen conflicting answers on this, thanks.
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1003s.com

4162 Posts

Posted - 09/12/2007 :  07:49:51 AM
Mike,

The word bank is often mis-used with regard to this topic.

IE, if you are a w2 employee of a FED Charter bank you would be exempt

in all 50 states.

If you were a W2 employee of a state chartered bank, you would be

exempt from license in some states and not in others.

If you were a W2 employee of a non-depository bank, mortgage banker,

you may also be exempt form license in some states and not others as

an LO.

To complicate this more, some mortgage bankers are HUD exempt, in some

states while others are not. This would vary depending on the

type of HUD approval the mortgage banker had.

Another issue that clouds clarity on this topic, some states

offer several types of licenses that a mortgage banker could be

licensed under. In Texas for example, most mortgage bankers are

licensed as brokers not as bankers and if a banker in Texas actually

holds a bankers license, LO's working under the banker are exempt

from license. CA, is much the same way, many bankers hold a DRE

license in CA and not a CFL license, the CFL would allow them to

have w2 employees that are not licensed where as, the DRE does not

allow them to have unlicensed LO's.

Not to be construed as legal advice, just my own un-verified opinion
mikecn

330 Posts

Posted - 09/12/2007 :  10:13:16 AM
So it seems like the path of least resistance would be to open a net branch under a Federally chartered bank as a W-2 entity.

Do you know of any opportunities like that which offers FHA?

If so, Id be very interested, thanks.
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1003s.com

4162 Posts

Posted - 09/12/2007 :  12:26:18 PM
quote:
Originally posted by mikecn

So it seems like the path of least resistance would be to open a net branch under a Federally chartered bank as a W-2 entity.

Do you know of any opportunities like that which offers FHA?

If so, Id be very interested, thanks.



Mike,

FED Charter opportunites are often short lived.

Please feel free to give me a call,

and I will share with you, some concerns with regard to these.
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