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bonafide
19 Posts |
 Posted - 05/07/2008 : 11:51:19 AM
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I am a seasoned and independent loan officer hoping to find a net branching company to work with. I need to find a company that is licensed in the Northeast and will not rape me on fees. I have been self employed for the past few years and find it increasingly difficult for the small guy to survive in this market. If you have any input or recommendations please respond. Thank you
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1003s.com
2904 Posts |
Posted - 05/08/2008 : 06:12:32 AM
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Matthew,
opportunity #2 below really covers more North West states than North East, I recruit
for a FED charter also that would cover all North East states, their volume
requirement is rather substantial though. You might want to take a look at
"Allied" I do not recruit for them however.
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.
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gleech403
35 Posts |
Posted - 05/08/2008 : 06:30:31 AM
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Thanks for the plug Bob. Bonafide, I recruit for Allied. Give me a call, we'll see if we are a fit for one another.
Greg Leech
713-684-0728
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Banker0679
7673 Posts |
Posted - 05/08/2008 : 06:59:19 AM
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| Envisionlending |
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1003s.com
2904 Posts |
Posted - 05/08/2008 : 10:35:37 AM
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Anytime Greg,
Allied, is a great option for a lot of folks... |
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