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clebaron
117 Posts |
Posted - 02/06/2008 : 11:44:28 AM
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DISCLAIMER: This topic contains co-broker related content. Please note that the term co-brokering is often used in inquires that involve illegal fee splitting or kick backs. This site does not condone these activities. Details related to Respa Section 8 violations can be found here. If you feel the content of this topic may be in violation of any law, please report it to the moderator by clicking the red notification icon above. Thank You.
I have a slam dunk in Ohio. I need to get signed up with a net branch that is FHA approved in Ohio. Not interested in co-broker unless you are the broker and you can sign a non-circumvent agreement. |
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bmoran
1162 Posts |
Posted - 02/06/2008 : 11:45:46 AM
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Casey please call Jake in my office 818 591 2580 he handles our net branches. We are only setting up a few this year |
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pweinzimmer
32 Posts |
Posted - 02/06/2008 : 12:14:43 PM
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Try Global Mortgage. They pay 100% on FHA if you get a keybranch like mine.
Paul Weinzimmer |
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clebaron
117 Posts |
Posted - 02/06/2008 : 12:31:04 PM
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do you have any info on a guy/gal i should call to inquire? thanks
quote: Originally posted by pweinzimmer
Try Global Mortgage. They pay 100% on FHA if you get a keybranch like mine.
Paul Weinzimmer
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1003s.com
3339 Posts |
Posted - 02/06/2008 : 4:41:55 PM
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Casey,
opportunity #10 below covers OH.
Opportunity #10
$1495- Flat Monthly fee, monthly accounting fee of $149 = 1644
CONV, Non CONV, FHA,- Reverse Mortgages, VA, Rural Development.
Licensed States.
AL#1, AR#2, CA#3, CO#4, CT#5, DE#6 ,FL#7, GA#8, IA#9,
IL#10, IN#11, KY#12, LA#13, MA#14. MD#15, MI#16, MN#17,
MS#18, NM#19, 0H#20, OR#21, TN#22, TX#23, WV#24 MO#25 RI#26 UT#27
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…
$1644- per month Flat fee includes monthly accounting fee of $149-
$1495 plus $149 = $1644
$1895 = Total Amount due upon branch approval. For Flat Monthly Program. $1495 covers first month.
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clebaron
117 Posts |
Posted - 02/06/2008 : 7:50:40 PM
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sorry im not looking to spend $3,000 for something I can get for free.
quote: Originally posted by 1003s.com
Casey,
opportunity #10 below covers OH.
Opportunity #10
$1495- Flat Monthly fee, monthly accounting fee of $149 = 1644
CONV, Non CONV, FHA,- Reverse Mortgages, VA, Rural Development.
Licensed States.
AL#1, AR#2, CA#3, CO#4, CT#5, DE#6 ,FL#7, GA#8, IA#9,
IL#10, IN#11, KY#12, LA#13, MA#14. MD#15, MI#16, MN#17,
MS#18, NM#19, 0H#20, OR#21, TN#22, TX#23, WV#24 MO#25 RI#26 UT#27
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…
$1644- per month Flat fee includes monthly accounting fee of $149-
$1495 plus $149 = $1644
$1895 = Total Amount due upon branch approval. For Flat Monthly Program. $1495 covers first month.
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mgd
118 Posts |
Posted - 02/06/2008 : 8:20:35 PM
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| E-mail me off the board |
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1003s.com
3339 Posts |
Posted - 02/06/2008 : 9:08:14 PM
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quote: Originally posted by clebaron
sorry im not looking to spend $3,000 for something I can get for free.
No need to be sorry, no opportunity is right for everyone.
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EMScommercial
5138 Posts |
Posted - 02/07/2008 : 07:30:09 AM
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| watch out for respa |
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MarkIFC
538 Posts |
Posted - 02/07/2008 : 07:43:56 AM
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I'm not sure what your looking to do.
If you have one FHA deal in Ohio and you are trying to get temporarily setup with a Net Branch to do the one deal I think you have a problem. First, FHA requires you to be the employee of one mortgage brokerage. Second, the State of Ohio requires you personally to be licensed in this state. |
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1003s.com
3339 Posts |
Posted - 02/07/2008 : 09:45:19 AM
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quote: Originally posted by MarkIFC
I'm not sure what your looking to do.
If you have one FHA deal in Ohio and you are trying to get temporarily setup with a Net Branch to do the one deal I think you have a problem. First, FHA requires you to be the employee of one mortgage brokerage. Second, the State of Ohio requires you personally to be licensed in this state.
Mark,
good advice... |
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