| Author |
Previous Topic | Next Topic |
|
melodee89
37 Posts |
 Posted - 02/22/2008 : 06:38:55 AM
|
You get FREE LEADS/HEALTH BENEFITS
If you want to be, then we have a solution for you to be FHA and VA approved in all 50 states within 14 days.
Using our Correspondent Banking
Our In house underwriters
Our In house processing.
WE OFFER FREE LEADS TO YOU! WE WANT YOU TO CLOSE LOANS!!
And you will receive Medical Benefits (If you close at least 2 loans a month.)
We even accept single seat Loan Officers.
97% LTV Purchase
95% Cash Out Refinance No FICO Requirement
Online Loan Tracking System/Phone System
Unlimited Long distance (includes using the dialers)
Outbound Bulk Dialer
Outbound Predictive Dial
All calls automatically recorded and tagged to the lead for easy tracking
Only serious inquiries with at least 2 years experience.
Must prove that you have funded loan in the last few months.
For More information check out our website
http://www.yournetbranchconnection.com/default.aspx?AffID=ML&AdSrc=BOUTP
We have Webinars 5 times a week! Make sure to click on the sign up button and see what we have to offer.
We also do Reverse Mortgages.
|
|
Jimmymackin
616 Posts |
Posted - 02/22/2008 : 3:51:02 PM
|
| Crappy website, get a better one |
|
|
melodee89
37 Posts |
Posted - 02/22/2008 : 3:54:43 PM
|
| You have a great weekend too |
|
|
Jimmymackin
616 Posts |
Posted - 02/22/2008 : 3:56:04 PM
|
ahahhahahahah
Just had a long day, didn't mean to be rude, but the website is very weak.
|
|
|
melodee89
37 Posts |
Posted - 02/22/2008 : 3:59:26 PM
|
Well hopefully by Monday it will be all updated. I know it is weak but with all the work going into it it will be stronger, it doesn't happen over night. Please check in next week and let me know what you think. I like the honesty.
Melody |
|
|
melodee89
37 Posts |
Posted - 02/25/2008 : 10:43:28 PM
|
No new website yet folks...I was told it was still being worked on..yeah I know what the heck!!!believe me sign up and see the ( and I know you will be impressed) webinar. I know that will answer any questions you have. Good luck and I hope to see you there!
Melody |
|
|
riley1p
182 Posts |
Posted - 02/27/2008 : 09:54:58 AM
|
that looks like Stevie Wonder put it together....I was looking for a new net-branch...That is funny....You should put a counter on there too to see how many people visit your site each day...hahahahahaquote:
Originally posted by melodee89
No new website yet folks...I was told it was still being worked on..yeah I know what the heck!!!believe me sign up and see the ( and I know you will be impressed) webinar. I know that will answer any questions you have. Good luck and I hope to see you there!
Melody
|
|
|
melodee89
37 Posts |
Posted - 02/27/2008 : 09:56:30 AM
|
Tim,
I never said it was perfect. Thank you for your comment. Have a great day! |
|
|
loanbroker5
1501 Posts |
Posted - 02/28/2008 : 08:10:30 AM
|
| Melodee, your posting says 95% cashout no fico requirment???? what is that about? |
|
|
melodee89
37 Posts |
Posted - 02/28/2008 : 08:22:49 AM
|
That is what FHA allows.
If you have any more questions please email info@yournetbranchconnection.com
Have a great day! |
|
|
realtorsfriend
160 Posts |
Posted - 03/03/2008 : 10:49:47 AM
|
I thought FHA only allowed to 85%.
quote:
Originally posted by melodee89
That is what FHA allows.
If you have any more questions please email info@yournetbranchconnection.com
Have a great day!
|
|
|
sdecosta
63 Posts |
Posted - 03/04/2008 : 10:59:41 AM
|
wanted to get some information on how this works, im a broker already licensed in ga,fl and tn for fha. but we are trying to be able to do fha in md,va,vt,ma. do you have a program that would works for us for those states? quote:
Originally posted by melodee89
You get FREE LEADS/HEALTH BENEFITS
If you want to be, then we have a solution for you to be FHA and VA approved in all 50 states within 14 days.
Using our Correspondent Banking
Our In house underwriters
Our In house processing.
WE OFFER FREE LEADS TO YOU! WE WANT YOU TO CLOSE LOANS!!
And you will receive Medical Benefits (If you close at least 2 loans a month.)
We even accept single seat Loan Officers.
97% LTV Purchase
95% Cash Out Refinance No FICO Requirement
Online Loan Tracking System/Phone System
Unlimited Long distance (includes using the dialers)
Outbound Bulk Dialer
Outbound Predictive Dial
All calls automatically recorded and tagged to the lead for easy tracking
Only serious inquiries with at least 2 years experience.
Must prove that you have funded loan in the last few months.
For More information check out our website
http://www.yournetbranchconnection.com/default.aspx?AffID=ML
We have Webinars 3 times a week!
We also do Reverse Mortgages.
|
|
|
melodee89
37 Posts |
Posted - 03/05/2008 : 09:46:47 AM
|
If anyone is interested after viewing the website you can sign up on the site or email info@yournetbranchconnection.com someone will be happy to answer any questions
Melody |
|
|
aspiring1
1226 Posts |
Posted - 03/06/2008 : 11:21:54 AM
|
quote:
Originally posted by realtorsfriend
I thought FHA only allowed to 85%.
quote:
Originally posted by melodee89
That is what FHA allows.
If you have any more questions please email info@yournetbranchconnection.com
Have a great day!
FHA only allows to 85% C/O with mortgage lates. Though HUD doesn't have
a FICO requirement, many lenders actually are. |
|
|
johnhoefer
406 Posts |
Posted - 03/10/2008 : 09:22:58 AM
|
| The pink on the site is rough dude. I will have a nice week. |
|
|
tenbody
134 Posts |
Posted - 03/10/2008 : 9:53:18 PM
|
| what company is this |
|
|
melodee89
37 Posts |
Posted - 03/11/2008 : 07:43:59 AM
|
Your Net Branch Connection. If you need more info please email info@yournetbranchconnection.com.
Thank you!
Melody |
|
|
ChiHlava
854 Posts |
Posted - 03/14/2008 : 08:41:38 AM
|
I think the question is what bank is this? YourNetBranchConnection is not the name of a bank or a licensed lender in any state that I know of. So, what bank is this?
quote:
Originally posted by tenbody
what company is this
|
|
|
ChiHlava
854 Posts |
Posted - 03/14/2008 : 08:47:04 AM
|
I find it hilarious that your address on the website is a UPS store in a strip mall! That really lends a lot of credibility to your program.... |
|
|
melodee89
37 Posts |
Posted - 03/14/2008 : 09:57:43 AM
|
I need to respond to a few that wonder why we don't have our bank address or bank name on the web site. Or why the site isn't as fancy as others have out there for this opportunity.
1) Why not a fancy site? We do have a flash page that is really cool that we are rolling out for those of you who require pretty sites to choose who you want to work for. Yes, it costs about $7,500.00 to develop, but you have asked for fancy and eventually fancy you shall receive.
2) Why don't you show the bank name or the bank address on the website? This is handled in the FAQ page, but I want to ensure that all of your concerns are answered in this forum since so many people see this. When we advertise on Career Builder we show our logo, our addresses, our email addresses, our phone numbers, etc. etc. We are advertising for our Branches that are given the charter by the Office of Thrift and Supervision.
When we are offering opportunities for branches to become a charter or individuals to work from home, we do not expose the bank name simply for image reasons. Most people would try to contact bank headquarters directly and that simply is not the way we want recruits to behave.
Moreover, image is very important to us for our Investor Relations (we are a publicly traded bank) and the secondary market (so investors are not afraid that our hiring practices are lacking in judgement).
We are Full Eagle Unsupervised FHA and VA approved in all 50 states. You don't get to the point that the FHA allows you to underwrite your own loans unless you have EARNED this distinction. (BTW, that allows loans to close much faster than waiting on the government to do it for you).
I agree, the use of a recruiting agent to bring in qualified candidates to our bank is a little unconventional, but it brings us the best candidates, because only the best are offered a position.
Thanks to all of you who are doing research to ensure that YourNetBranchConnection.com is legitimate. The proof is in the pudding. Obviously, I do win when you join the team, but those who join are the biggest winners.
BTW, you are pretty deep into the process before the bank name is exposed. But before you accept employment you have the opportunity to review our online financials (again, publicly traded, they have to be published) and look us up at FDIC.gov to review our track record for yourself.
Thanks for allowing me to explain, and if you are serious about learning more about this opportunity, visit our site at www.YourNetBranchConnection.com/default.aspx?AffID=ML&AdSrc=BOP.
Melody |
|
|
tenbody
134 Posts |
Posted - 03/14/2008 : 4:12:09 PM
|
I would like more info offline ...thanks Tim |
|
|
rad
1393 Posts |
Posted - 03/14/2008 : 10:05:58 PM
|
| Hey guys, before you cast judgments based on superficial impressions you should should check out the webinar on this company. It wasn't right for me, unfortunately, but it is very, very impressive. A lot of thought was put into it. |
|
|
velecico
3216 Posts |
Posted - 03/15/2008 : 06:41:04 AM
|
| Net branches are a dime a dozen unless you have financials and know who you are getting in bed with , stick to where you are at , unless your company is going out of business or you want to jump on the FHA bandwagon , then you have to make a move , you need to turn the tables , get as much info from the EMPLOYER as they want from you , credit rating , financials , bank statements , years in business , if they are truly above board and you are bringing decent numbers to the table ( 5 million per month ) they should have no problem in giving up financials , if they are a public company you can always look that info up |
|
|
rainmand
3436 Posts |
Posted - 03/15/2008 : 08:25:25 AM
|
| Are you underwriting the Reverse Mortgages Melody? If not, which Wholesalers are you using? |
|
|
melodee89
37 Posts |
Posted - 03/16/2008 : 07:44:20 AM
|
Rainmand:
Are you underwriting the Reverse Mortgages Melody? If not, which Wholesalers are you using?
Raymond
www.ReverseMortgageCalculator.org
--------------------------------------------------------------------------------
We are not manually underwriting Reverse Mortgage, we use LSI and Indy Mac for that. Great Question. Although we do reverse mortgages, I wouldn't say it is our strongest product to offer. We do have a team of 3 guys that applied to come on board that all they do is reverse mortgage, and they came on board. I don't know the details of their decision, but I was surprised. Perhaps their current lender was going under, or they saw the benefit of being able to do loans in all 50 states.
|
|
|
melodee89
37 Posts |
Posted - 03/16/2008 : 07:55:36 AM
|
Velecico:
I agree with you, Net Branches are a dime a dozen. We have been in business (the bank I mean), since 1983. You make very good points:
1) Don't switch from where you are unless you can see the financials of the company you want to go to work with. We are public, so once you get the bank name, you can easily find our financials online (we have to publish them because of our public holdings)
2) If you are currently in a mortgage broker firm, we feel you might be a dying breed. I agree, don't make a move unless you are in need of more states, FHA/VA, or you are finding the banks are starting to sqeeze out broker relationships. It is happening, and I am glad I am where I am. Our bank is positioned very well to ensure you can keep moving forward in the career you have worked so hard at (especially the last 2 years).
3) 5MM per month? With that type of volume, our bank would make you a chartered branch.
Melody |
|
|
melodee89
37 Posts |
Posted - 03/16/2008 : 08:01:35 AM
|
Banker0679
Q: does the 895 include processing/underwriting/application? or is that separate?
A: the $895.00 per loan covers bank expenses (what most charge $495.00 or so for), and your matching employer taxes (typically as much as 12% of the net fees), and your Medical/Dental/Vision payment. We have found by being able to charge that to the customer, you are gaining about 10-12% to your bottom line as a branch operator (that is if you were getting paid via 1099 and paying your taxes yourself)
Q: what are these fees if you dont mind saying?
sign up fees? how much?
A: I would prefer that this be covered during the webinar and not on this forum. If you would like to send an email to info@yournetbranchconnection.com you will get a phone number to call so that you can get this answered. |
|
|
melodee89
37 Posts |
Posted - 03/16/2008 : 10:26:54 AM
|
Banker0679, I hope I am answering you correctly this time. The first paragraph is a cut/paste from our web site, so I don't think you are asking me a question there. So I think you are asking me if the $895.00 includes Processing/Underwriting/Application?
I thought I had answered you by saying it covers bank expenses, your matching taxes, and your medical. It does not cover other fees that would be on each loan. Processing/Underwriting/Doc Fees are not covered in the $895.00. If you visit our webinar, you will see an example of all the fees on a typcial loan.
As a correspondent lender, we can't hide things like mortgage brokers can. We don't have to show our YSP, but we do have to show all fees. What our LOs do is show the fees (which is required) and then do a lender credit out of the YSP.
The webinar will show you that you can make a ton per loan and still give the consumer a great loan. An example of loans that our LOs write might be an FHA loan with 1% plus the $895.00 as origination, then a 3.1% YSP of which the LO gives a lender credit for all of the fees. So 10K in RSP/YSP combined, lender credit of $1500.00 (which will show as a very low cost loan to the consumer).
I know it is hard to get everything out here, but if you take 15 minutes to visit our webinar, you can actually ask questions of our Hiring Team that you can get very specific answers on. |
|
|
velecico
3216 Posts |
Posted - 03/16/2008 : 2:40:45 PM
|
I dont think anyone has been net branching since 1983 , did the net branch concept even exist back then ? , it does not matter if the parent company is a bank , a bank will create a holding company to net branch , if it goes down in flames , you cant go after the bank for lost commissions |
|
|
ChiHlava
854 Posts |
Posted - 03/17/2008 : 06:54:11 AM
|
Nick,
She didn't say net branching since 1983 but that the bank has been around since 1983. BUT you are right on, holding company owns the bank and starts a new LLC, Bank Affiliate LLC which has all the protections and benefits of the bank against state licensing but is not the bank itself. When the LOs are let to run free and commit the bank to horrendous loans by altering docs and hiding imperfections from the bank, the LLC is shut down and the bank goes on.... |
|
|
melodee89
37 Posts |
Posted - 03/17/2008 : 08:13:22 AM
|
Guys, I would love to put the bank name all over this forum. Certainly I am proud of the bank. Unfortunately, I am not allowed to do so. No we weren't doing net branching in 1983, the bank has been in existence since 1983.
We are set up exactly the way Wells Fargo is set up. They have the bank and Wells Fargo Home Loans (and many more divisions of lending for that matter). Of course any entity will create divisions. This happens in any large company. You didn't see Pepsi change the name of KFC, Taco Bell, etc to Pepsi because they owned those businesses. And what would happen if KFC started doing poorly, they would close it, and I would guess that Pepsi would still be fine.
This is just smart business, but thanks for pointing that out. As far as commissions go, you are a W2 employee of the bank when you come on board. Employees have to be paid first before anyone else. I would feel completely secure in saying that the paychecks from the bank would be at least or more secure than the paychecks you receive now.
My point about us having to disclose everything is that for some mortgage brokers out their (other net branch opportunities and such), they say "flat fee $495.00, includes processing, underwriting, etc, etc. etc". My guess is that they hide the fees in YSP that you don't get to see (.2 of the YSP you should receive if you were to show all the fees). I know we wouldn't be able to survive only charging $495.00 per loan flat fee (but you see many of these companies are going out).
It is truly hard for me to type two paragraphs and answer all your questions. This forum is great for those that are truly looking for a new opportunity. If it isn't for some after viewing the webinar, then no harm no foul. What we offer is a great opportunity for most that seek a new bank that is 50 States. For some, what they are currently doing will be better for them.
I thank you all for your input and will try my best to ensure I can answer things clearly and completely here, but my Hiring Team on the webinars are a much better face for the bank, than a few words seen here. I hope that if a new opportunity is what you seek, you can visit www.YourNetBranchConnection.com/default.aspx?AffID=ML&AdSrc=BOP. |
|
|
velecico
3216 Posts |
Posted - 03/24/2008 : 7:05:01 PM
|
You are very naive to believe that , a correspondent lender cannot hide fees ? , thats the biggest joke , look I am a correspondent lender and I also broker , I know what my corp is making by padding the rates , they all do it , when I broker , if I have to give up 3/8 to 1/2 point from the wholesale rate sheet , it all works out to about the same $$$ per deal |
|
|
melodee89
37 Posts |
Posted - 03/25/2008 : 04:48:12 AM
|
Velecico:
My point is simple about hiding fees. We don't hide them and try to tell our recruits that they have a flat fee of $495.00 and there is nothing else. Many people have run to the flat fee with 100% payout only to find they do have the same fees once they start writing up 1003s with those companies OR they aren't getting the YSP they should be because the 'hidden' profits to the bank. Believe me, our recruits compare pricing for many days before they come on board, and they still come on board because our rates and YSP are very competative.
And you make a point that really states my case when you say you are a correspondent lender AND a broker. If that is the case, you certainly aren't FHA Full Eagle Unsupervised like our bank is. You see FHA guidlines do not allow for that. You can't work for an FHA bank AND be a broker. You can keep coming onto my Topic to glob onto a very popular subject for the people that view what we have to offer.
The biggest thing that our LOs have going for them as well is our Lead Management System. It is really why people are interested in our bank. Our Integrated Phone/LOS system makes making and managing loans a piece of cake. We have a complete package for those who become an employee of our bank.
We tell everyone ALL the fees we have and don't surprise them once they make a career move with more fess we didn't disclose during the recruitment process. What they see on our webinars is what they are going to get when they are an employee. What's more, we are working on getting those fees that we do have down over the next couple of weeks.
I do appreciate what you are trying to do for yourself. But I do not need to battle with you about our bank. You should say things positive about your opportunity and I will stay here and say positive things about mine.
For those interested, please signup to view our daily webinar at www.YourNetBranchConnection.com/default.aspx?AffID=ML&AdSrc=BOP. |
|
|
victorialhowell
7 Posts |
Posted - 03/26/2008 : 12:14:27 PM
|
Hey Melodee,
I haven't been to your site, just wanted to say keep your head up, these guys are really bustin your chops. |
|
|
melodee89
37 Posts |
Posted - 03/26/2008 : 1:49:04 PM
|
Let them bust all they want. Anyone who is interested will see for themselves.
Thank you!
Melody |
|
|
subprime
3594 Posts |
Posted - 03/31/2008 : 8:45:28 PM
|
Melody
Does your bank allow for the broker to broker out their FHA loans to lenders or is it all done in house on your banking lines? |
|
|
melodee89
37 Posts |
Posted - 04/01/2008 : 07:51:58 AM
|
Scott,
You have to be a W2 employee of the bank.
Melody |
|
|
melodee89
37 Posts |
Posted - 04/01/2008 : 08:07:31 AM
|
Scott,
Since Banker has to question everything I say I will clarify. It's done in house.
If you would like more information I can have someone call you.
Have a good day!
Melody |
|
|
subprime
3594 Posts |
Posted - 04/01/2008 : 09:16:17 AM
|
Thanks Melodee, however Banker was correct lol, you have to admit, when I ask if you can broker out loans, that is either a yes or no, not something that would be answered by saying someone would be paid W2, but I am not busting your chops 
The reason I was asking, is I have quite a few brokers looking for the ability to lend FHA through a net branch, affliate branch set up, something similar to Eagle Nationwide Home Mortgage or Envision. Most won't deal with a company where it has to be done in house as it is usually a mess and leaves the broker without any control (can you say Crown Financial or Equity Bank)
Thanks for your response, this isn't what I was hoping to find though |
|
|
tenbody
134 Posts |
Posted - 04/01/2008 : 7:51:26 PM
|
| Someone contacted me from this company ..for Melody ..my understanding she is trying to recruit and make money ..but has very little knowledge of the company..The guy that called me would not give out much info either..when ever a company is unwilling to do this that is weird and their fee's are 895 plus processing and they have pass through fee's on the hud too!! |
|
|
MIKCAM
62 Posts |
Posted - 05/11/2008 : 3:11:46 PM
|
| VERY QUESTIONABLE!!!!!!!These individuals will not give you any bank information until you sign an agreement that will give them a percentage of your gross monthly volume upon sign-up. |
|
|
YourLeadSource
15 Posts |
Posted - 05/12/2008 : 07:37:57 AM
|
Mikcam:
Where did you get this false information about you have to sign to give up a percentage of gross monthly volume? The agreement you sign with us is a one page Non-Disclosure/Non-Circumvent which says I would not go around you to get to your employees, and you would not go around me to get to the bank.
We are a Federally Chartered bank and simply do not give you the bank name until you decide you are interested in us and we are interested in you. There are no secrets and we don't give up the name for the same reason we see in your post. People simply have to attend our webinars so they don't misinterpret any of the information.
When you do sign up with us, you get 100% of your commissions. The $895.00 that has been said to be a 'high' fee includes your employer matching on the taxes and your medical benefits. If you saw the whole picture you would know more about the fees.
If you compare this to others, the fees are actually lower than most because we have the employer matching for taxes built in instead of charging the 12-15% most charge.
The proof is in the pudding. Everyone that actually takes the time to visit our webinars and actually educates themselves continues to talk to us all the way thru to the decision making process (on both sides).
But even if you don't go with us, I hope by reading this topic you will learn one thing. You need 50 state access, you need to have FHA/VA Access (we are Full Eagle UNSUPERVISED FHA), and you need good leads. UNSUPERVISED means that the government and our customers have had such good experience with us that the government has given us this distiction. It is hard to do, but we have accomplished it.
I have nothing bad to say about anyone who is still trying to make it in this business. I appreciate all the comments and take the misinformed ones with a grain of salt.
I do know those that contact us are either working with us, or guided in the right direction to work with someone else who can help them. We can't bring everyone into our program, but we have done a ton of research to see out there who we would recommend them to when we can't.
Hope everyone reading this is starting to see the light at the end of the tunnel (and that it isn't an oncoming train). |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
