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psloanguy
41 Posts |
 Posted - 04/11/2008 : 11:38:31 AM
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anyone have info on eagle ??
any BO folks working for them ??
would appreciate any feedback !!!
thanks :) |
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Broker4U
322 Posts |
Posted - 04/11/2008 : 11:42:56 AM
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| I have a group of friends that work for Eagle. They seem to be doing OK. They are struggling on the FHA side of the ball though. They cant seem to get it straight. |
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mortiz0126
205 Posts |
Posted - 04/11/2008 : 11:59:01 AM
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| I am a Branch Manager for ENMC. So far I love it! They are extremely simple and helpful.......very compliant(which is great). As far as your freinds having troubles with FHA, that issue must be caused by them or isolated to their office (in other words they must be doing somthing wrong) because that is the bulk of our business and it is smooth. Give me a buzz with any questions I will be happy to help. |
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MoneyLenderP
1282 Posts |
Posted - 04/11/2008 : 12:00:01 PM
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| I've heard nothing but positive things on them, and actually I'm contemplating moving over to them. |
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mortiz0126
205 Posts |
Posted - 04/11/2008 : 12:43:51 PM
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They are Federally Chartered (So we are licensed nationwide)
They work with about 80 Investors
Get paid 15ht and 30th of every month
100% as a BM - 750 if the loan is bankered or .375% if it is brokered
If you are an LO then it depends on the BM, what that office is offering etc.... |
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Scrooge McDuck
7972 Posts |
Posted - 04/11/2008 : 12:50:22 PM
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quote:
Originally posted by Banker0679
what states are they licensed in?
how often they do get paid?
what are the splits?
how many lenders do they work with?
-all 50, theyre fed chartered
-bi weekly and you dont even submit the files for audit, they just suratically audit each branch
-i think they rip .5 out of each deal.
-70+ |
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Scrooge McDuck
7972 Posts |
Posted - 04/11/2008 : 12:52:34 PM
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quote:
Originally posted by Banker0679
sounds okay then.
i wonder if they pad rates on top of taking money from each file or .375
brokering is direct to each lender.
my friend runs a shop of theirs. so far so good for him too. he said they just take 1/2 point orgination or whatever. |
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mortiz0126
205 Posts |
Posted - 04/11/2008 : 12:54:21 PM
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| Well it depends on the volume that your branch closes. In my branch we are at .375% of brokered only and 750 admin for banked files. There rates compete with the best of them |
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Scrooge McDuck
7972 Posts |
Posted - 04/11/2008 : 12:56:12 PM
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quote:
Originally posted by mortiz0126
Well it depends on the volume that your branch closes. In my branch we are at .375% of brokered only and 750 admin for banked files. There rates compete with the best of them
it wasnt the most detail convo. it sounds like a sweet setup tho. im too close to him, so i wont be able to get my own.
i know you can work direct for eagle too. i want to look into that too. |
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