| Author |
Previous Topic | Next Topic |
|
AKetner06
1 Posts |
 Posted - 05/05/2008 : 2:00:04 PM
|
Hello Folks, My name is Ashley and I am new to B/O!!! Great to be here and check out what everyone is into. I have also found that there is some great information on her and there are a lot of people willing to help each-other out.
Well I need some help.....
I recently gave birth to my baby girl and decided that I didn;t want to go back to work right away. I have been in the Mortgage business for 3 years and I love it so my husband and I started looking for a way that I could do what I love doing and stay home with our daughter. We started looking into Net branches. My husband pretty much took care of it all for me while I was recovering, we spoke to a few folks and started looking around and decided to go with PacDex. We did a little research but apparently not enough. They have ripped us off for 5000$ which was all we had left in our savings. I'm not recieving a paycheck currently and if I would have known that they were crooks I would have that money to buy diapers and make my 2000$ house payment. I have been reading all the bad press surrounding Pacific Bancorp and I am horrified that this has happened to me. I am writing this post in hopes that some of you have had the same experience and can give me some feed back on what to do here. I would also like any other information that I can get about these guys. You can e-mail me at AKetner06@msn.com with anything you can give me. Currently I am looking at another company 1st Nations Mortgage corp. If anyone has any info on them I could use your feedback. Also open to any other Net branches that aren't going to take my life savings. Thanks for your Help!!! |
|
Banker0679
7671 Posts |
Posted - 05/05/2008 : 2:19:17 PM
|
| look at envision lending, carteret mortgage, and allied |
|
|
erikwebster
4001 Posts |
Posted - 05/05/2008 : 3:20:35 PM
|
| Windsor Capital |
|
|
LOANGUYNYC
99 Posts |
Posted - 05/05/2008 : 4:58:04 PM
|
| do a search on this site and you'll find plenty about them, an unsavory bunch at best... |
|
|
1003s.com
2904 Posts |
Posted - 05/12/2008 : 7:59:10 PM
|
Ashley,
thank you for sharing your experience, and perhaps your post will
save poor soul some pain.
As to other companies without upfront fees, I have recruited a number
of branches for Opportunity #2 below, and have had zero complaints,
and, they have no set up fee.
Opportunity #2
$500- flat fee per file no set up fee
AZ,CA,CO,FL,IL,IN,ID,LA,MA,MI,MD,MO,MO,MN,NC,NM,NY,NJ,OH,OR,PA,SC,TN,UT,VA,
WA,WI,WY
OH,IN,NJ=Banker only
SC First MTG only.
Licenses Pending: AL,,NV,
(This company will consider going into any other state
where someone wants to open a commercial branch office.)
Conventional, FHA, VA
It is your choice you can either close loans 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 like to banker loans,
they have open book pricing with:
GMAC
AM Trust
City Mortgage
NATL City Mortgage
Branch managers last 2 years w2’s should average a MIN of 50K
Stable Employment history required.
Good Credit Required
Bricks and sticks required for,NC,IL,MD, NY,and AZ,branches.
AZ,CA, NC,NY, branches must close a MIN of 10 files per month.
NY, & NC COMP plan varies from above, call for details.
|
|
|
| |
Previous Topic | Next Topic |
|
|
|
Search for: 
