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azucarero75
192 Posts |
 Posted - 05/15/2008 : 08:48:06 AM
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i'm looking for a company that offers leads. i don't care about the split as long as the leads are good quality. and in my search i ran across Amerisave. does anybody knows if they are good to work with.
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azucarero75
192 Posts |
Posted - 05/15/2008 : 09:00:07 AM
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| anyone? |
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ss5547
250 Posts |
Posted - 05/15/2008 : 09:05:11 AM
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| I know several people who went there, and none of them lasted for more than 3 months. |
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azucarero75
192 Posts |
Posted - 05/15/2008 : 09:06:43 AM
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that's all i need it to hear.
thank you Scott. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 10:23:28 AM
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I have been in the business for 12 years. I have spent the last researching what I want to do as I know I have to move from the broker side. I recommend them and am working with them and have been very impressed with pricing and turn times. Please call me and I would be happy to answer all your questions as believe me, I already asked them.
No offense, people who don't last are people who are not used to motivating themselves, being self starters or have a good knowledge base to be able to work independently.
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MoneyLenderP
1617 Posts |
Posted - 05/15/2008 : 10:25:27 AM
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They have a good setup. Nothing wrong by going with them.
My friend is going on 1 year with them,and is very happy.
You must be looking into the inbound call rep where they give you leads? You need 60k w2 income over last 2 yrs avg, split stinks...but who cares if your closing loans consistenly. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 10:31:11 AM
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quote:
Originally posted by MoneyLenderP
They have a good setup. Nothing wrong by going with them.
My friend is going on 1 year with them,and is very happy.
You must be looking into the inbound call rep where they give you leads? You need 60k w2 income over last 2 yrs avg, split stinks...but who cares if your closing loans consistenly.
Thats why you want to do the ouside sales. You get up to 80% split on your own prodcution AND you can do states outside of your licenses at 70%. |
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MoneyLenderP
1617 Posts |
Posted - 05/15/2008 : 10:44:17 AM
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| Yeah the outside position is much better |
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jgonzal8
1 Posts |
Posted - 05/15/2008 : 12:56:39 PM
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I recently decided to get on board with Amerisave in the outside LO position. Although Im new to this site/blog, Ive been in the business for over 11 years. There has been some comp plan amendments this week that were for the better. Email me any questions that you might have. I recommend that you get signed up for the Amerisave's next webinar even if you've already attended. I believe that next one is tomorrow at 10am ET.
Just as someone pointed out below, it all has to do with the indivdual. Give some people a perfect opportunity and they will do little with it but look to blame others. Ive ran large corporate retail branches with 45+ employees and can tell you the 80/20 rule will always be in effect. 80% of the people will produce 20% of the work and most of the hassle. The other 20% of the people will produce 80% of the revenue generated. I believe revenue can be extracted in all environments, but to someone that has a decent amout of experience it shouldnt be that difficult here. Contact me if you would like a link and some more info. quote:
Originally posted by azucarero75
i'm looking for a company that offers leads. i don't care about the split as long as the leads are good quality. and in my search i ran across Amerisave. does anybody knows if they are good to work with.
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MoneyLenderP
1617 Posts |
Posted - 05/15/2008 : 1:00:28 PM
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quote:
Originally posted by jgonzal8
I recently decided to get on board with Amerisave in the outside LO position. Although Im new to this site/blog, Ive been in the business for over 11 years. There has been some comp plan amendments this week that were for the better. Email me any questions that you might have. I recommend that you get signed up for the Amerisave's next webinar even if you've already attended. I believe that next one is tomorrow at 10am ET.
Just as someone pointed out below, it all has to do with the indivdual. Give some people a perfect opportunity and they will do little with it but look to blame others. Ive ran large corporate retail branches with 45+ employees and can tell you the 80/20 rule will always be in effect. 80% of the people will produce 20% of the work and most of the hassle. The other 20% of the people will produce 80% of the revenue generated. I believe revenue can be extracted in all environments, but to someone that has a decent amout of experience it shouldnt be that difficult here. Contact me if you would like a link and some more info. quote:
Originally posted by azucarero75
i'm looking for a company that offers leads. i don't care about the split as long as the leads are good quality. and in my search i ran across Amerisave. does anybody knows if they are good to work with.
first post and already a premium member, very aggressive. |
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MoneyLenderP
1617 Posts |
Posted - 05/15/2008 : 1:07:51 PM
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quote:
Originally posted by Banker0679
aggressive?
you mean aggressive in making someone else money.
why close 10 deals and make the same money i make in 2-3 deals?
i guess you guys like working all day.
aggressive was to being a premium member after 1 post...
amerisave is a solid opportunity. Not everyone has the capital in these times to get going on that 80% split and shell out money for marketing. Now I choose to market on my own and get a better split...but not all can do that. They could always start out on the inbound plan..then switch down the road...the support is there and there UW is quick...alot better then being a broker submitting loans all over and getting no results. |
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azucarero75
192 Posts |
Posted - 05/15/2008 : 1:13:17 PM
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hey banker0679,
is amerisave a good company. i mean, do they pay on time and due deliver the leads they say they deliver? that's what i want to know.
do they realy deliver the leads they say they do. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 1:13:23 PM
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quote:
Originally posted by Banker0679
aggressive?
you mean aggressive in making someone else money.
why close 10 deals and make the same money i make in 2-3 deals?
i guess you guys like working all day.
Banker - I dont think most Lo's or Broker (after expenses) can clear 70-80% on a deal. That's what Amerisave offers as well as professional technology (build client/vendor repoire), 2 day turns on full files to close (proven) and ability to do FHA in 50 states. Also, has a reverse mortgage and commercial division and are adding an home insurance dept to cross sell. It's a good opp for a majority of people.
I know you are experienced and are well entrenched enough to bypass the usability of this type of company as well as the "flash" but for many this helps big time. |
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MoneyLenderP
1617 Posts |
Posted - 05/15/2008 : 1:16:46 PM
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quote:
Originally posted by azucarero75
hey banker0679,
is amerisave a good company. i mean, do they pay on time and due deliver the leads they say they deliver? that's what i want to know.
do they realy deliver the leads they say they do.
They deliver the leads if you qualify for that setup...you need to qualify first...and then they provide the leads to you...
otherwise if your an outside LO, you have to purchase them on your own with a better payout....on that side..if you put 500 into leads, they match you...so thats pretty cool.
Go join the webinar like the poster above mentioned before...they go over everything right there.. |
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MoneyLenderP
1617 Posts |
Posted - 05/15/2008 : 1:23:28 PM
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| I agree Banker. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 1:25:23 PM
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quote:
Originally posted by azucarero75
hey banker0679,
is amerisave a good company. i mean, do they pay on time and due deliver the leads they say they deliver? that's what i want to know.
do they realy deliver the leads they say they do.
Yes, instantaneously but your money is better spent on the pruchase leads. Don't bother doing refi leads , for any lead compnay right now, not just teh ones tehy use. They do pay on time. Loans you fund in first half of month get paid at months end. Loans funded 2nd half of month get paid the 15th the following - just like corporate would do. After your first paycheck, you will be bale to do direct deposit and / or print your checks from online that day they are released!
I have researched them very thoroughly so any questions you can give me a call and I will be upfront on everything. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 1:28:17 PM
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quote:
Originally posted by Banker0679
i can work my butt off and fund over a dozen loans per month...then i wouldnt have a life.
or
I can fund less than a dozen loans per month and make a lot more than i would at amerisave.
the problem with most LO's is that they're order takers.
They know where to buy the leads..they know how to market..and they're just scared to test the water.
Whoa, Whoa. Amerisave outbound is basically doing all thos ethings yould as a broker - marketing, networking and so forth. As I said, 80% in licensed states - going to 88% soon. Pricing is ususally 250 bps better than broker or correspondent as they give teh added SRP. I don't use refi leads - its an option they put forward and give you agreat deal but being a broker before I understand as do you Banker, that tiem an dmoney invested elsewhere will bring better results. |
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Carpet Muncher
1385 Posts |
Posted - 05/15/2008 : 1:29:37 PM
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quote:
Originally posted by the_mortgage_guy
I dont think most Lo's or Broker (after expenses) can clear 70-80% on a deal.
Yes, they can. I just received my April paycheck today. After fees and expenses, I cleared 79%. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 1:35:49 PM
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quote:
Originally posted by Carpet Muncher
quote:
Originally posted by the_mortgage_guy
I dont think most Lo's or Broker (after expenses) can clear 70-80% on a deal.
Yes, they can. I just received my April paycheck today. After fees and expenses, I cleared 79%.
I do as well. I was responding to Banker who earlier stated that if you work with Amerisave you would need to close 12 loans vs 3 as a broker. As I mentioned this is not true as Amerisave pays 70-80%. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 1:42:32 PM
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quote:
Originally posted by Banker0679
you expect me to believe those lies?
80%...no padding...plus they market for you......
AND NOW THEY'RE GOING TO 88???
The #1 reason why I heard that MOST LO's leave Amerisave is because they SERIOUSLY PAD THEIR RATES.
quote:
Originally posted by the_mortgage_guy
quote:
Originally posted by Banker0679
i can work my butt off and fund over a dozen loans per month...then i wouldnt have a life.
or
I can fund less than a dozen loans per month and make a lot more than i would at amerisave.
the problem with most LO's is that they're order takers.
They know where to buy the leads..they know how to market..and they're just scared to test the water.
Whoa, Whoa. Amerisave outbound is basically doing all thos ethings yould as a broker - marketing, networking and so forth. As I said, 80% in licensed states - going to 88% soon. Pricing is ususally 250 bps better than broker or correspondent as they give teh added SRP. I don't use refi leads - its an option they put forward and give you agreat deal but being a broker before I understand as do you Banker, that tiem an dmoney invested elsewhere will bring better results.
Banker, look, I've been in the biz for 12 years which is enough time to know pricing. I am constantly checking everyone's pricing to make sure I know what I'm up against. Amerisave does not pad and about the only one that doesnt as far as I can tell. In fact they are usually 250 bps better than anyone I see on the broker channel, save Provident on a deal here or there.
They don't market for you. You get your own leads, own originations - which is why they give 70-80%. Or, you can buy into the lead service which is a joke unless you do purchase leads but we all know the state of refi leads these days. What they provide is great service, great technology and the ability to do every deal. Woo realtors and build a team, if thats your thing. Sorry about the spelling - multi tasking and letting this one suffer. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 2:11:27 PM
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a simple site search does not answer the questions associated with Amerisave. A lot of those peopel who are "looking" are those who do not have previous success such as banker or myself and are looking for the pot of gold, never to find it. So, the excuses are always with the company not with the individual. You don't truly know until you do your own research and try it. Bottom line is: 1) they have competitive rates and compensation 2) Outstanding service 3) Well positioned with unique tools and technology to make clients feel comfortable with the process 4) Enough marketing support so you can market effectively.
Different strokes for different folks. What works for me may not work for you and vice versa. Don't knock until you try it, I believe they say. I appreciate the discussion and now back to work. |
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the_mortgage_guy
1194 Posts |
Posted - 05/15/2008 : 3:47:53 PM
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quote:
Originally posted by Banker0679
http://forum.brokeroutpost.com/loans/forum/2/195134.htm
simple site search even shows that you need a LARGE TEAM to get 80%
I am not a recruiter. I am a mortgage originator and have been for 12 years. What you come in at as an individual is up to your experience, referrals and proof of income that shows you generate good business. The team aspect is really not focused on at Amerisave; they are all about individual production but they lay out a plan for brokers to bring in their offices. I assure you I am at 80% and I have no team , not even 1 person. Although I am making a goal to at least get the word out and see what happens from there. |
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lucky1s
3620 Posts |
Posted - 05/15/2008 : 4:25:59 PM
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The problem for me was that I cant use a land line or take an app in my office.
Being in-house at a Real Estate office, that just wouldnt work.
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Managing Prime
2802 Posts |
Posted - 05/15/2008 : 4:29:27 PM
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That's interesting. What is the story behind that?
quote:
Originally posted by lucky1s
The problem for me was that I cant use a land line or take an app in my office.
Being in-house at a Real Estate office, that just wouldnt work.
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lucky1s
3620 Posts |
Posted - 05/15/2008 : 4:35:01 PM
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Something to do with licensing.
I had to sign an affidavit that I had VOIP when I did the webinar.
Cel phones wouldnt work. |
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velecico
3997 Posts |
Posted - 05/15/2008 : 7:27:12 PM
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He is not a recruiter but you get an overide on everyone you bring on board , thats was the big pitch with the webinar , they are really into the MLM thing , bringing on realtors and I guess now insurance , reminds me of the AL Williams thing , I guess those who get in early and recruit will do well |
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hmorales007
228 Posts |
Posted - 05/15/2008 : 9:52:12 PM
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250 basis points better than every wholesale lender? Ability to do every deal?
You are the king of ignorance - or B.S. - probably both. Amerisave *****.
quote:
Originally posted by the_mortgage_guy
quote:
Originally posted by Banker0679
you expect me to believe those lies?
80%...no padding...plus they market for you......
AND NOW THEY'RE GOING TO 88???
The #1 reason why I heard that MOST LO's leave Amerisave is because they SERIOUSLY PAD THEIR RATES.
quote:
Originally posted by the_mortgage_guy
quote:
Originally posted by Banker0679
i can work my butt off and fund over a dozen loans per month...then i wouldnt have a life.
or
I can fund less than a dozen loans per month and make a lot more than i would at amerisave.
the problem with most LO's is that they're order takers.
They know where to buy the leads..they know how to market..and they're just scared to test the water.
Whoa, Whoa. Amerisave outbound is basically doing all thos ethings yould as a broker - marketing, networking and so forth. As I said, 80% in licensed states - going to 88% soon. Pricing is ususally 250 bps better than broker or correspondent as they give teh added SRP. I don't use refi leads - its an option they put forward and give you agreat deal but being a broker before I understand as do you Banker, that tiem an dmoney invested elsewhere will bring better results.
Banker, look, I've been in the biz for 12 years which is enough time to know pricing. I am constantly checking everyone's pricing to make sure I know what I'm up against. Amerisave does not pad and about the only one that doesnt as far as I can tell. In fact they are usually 250 bps better than anyone I see on the broker channel, save Provident on a deal here or there.
They don't market for you. You get your own leads, own originations - which is why they give 70-80%. Or, you can buy into the lead service which is a joke unless you do purchase leads but we all know the state of refi leads these days. What they provide is great service, great technology and the ability to do every deal. Woo realtors and build a team, if thats your thing. Sorry about the spelling - multi tasking and letting this one suffer.
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the_mortgage_guy
1194 Posts |
Posted - 05/16/2008 : 08:31:09 AM
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[quote]Originally posted by hmorales007
250 basis points better than every wholesale lender? Ability to do every deal?
You are the king of ignorance - or B.S. - probably both. Amerisave *****.
LOL, I would say your ignorance is not reading all the posts. I mention that the pricing they get is typically better by as much as .25 (250 bps for idiots) because they are correspondent and receive YSP and SRP with those lenders. ability to do every deal. Meaning where as brokers or most entities do not have the ability to originate in 50 states, do reverse and FHA ina ll 50 states. This allows one to not have 1 doable deal go off the the table. If you just read the actual whole post your cognitive skills would have kicked in for sure. |
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DaveDeal
66 Posts |
Posted - 05/16/2008 : 1:46:37 PM
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quote:
Originally posted by velecico
He is not a recruiter but you get an overide on everyone you bring on board , thats was the big pitch with the webinar , they are really into the MLM thing , bringing on realtors and I guess now insurance , reminds me of the AL Williams thing , I guess those who get in early and recruit will do well
It's not even thinly disguised MLM, it is MLM.
100's people across the US claim to be National Senior Managers, when in fact they are just at the top of the downline. They claim to work directly for Amerisave and some claim to work in Atlanta Corp (I think Atlanta) yet they are regular LOs in Wisconsin and Tupello and any other city. They are very misleading.
Rates are high and costs are packed inside. |
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azucarero75
192 Posts |
Posted - 05/16/2008 : 4:35:24 PM
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well.....
I thank everybody for your insight. I have not made my mind as to what company to join. But as far as Amerisave I'm defenetly crossing out. |
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MoneyLenderP
1617 Posts |
Posted - 05/17/2008 : 12:05:49 PM
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why are you crossing them off the list?
50 states, can do FHA anywhere...your a direct lender..they have lead sources there if you want them...marketing plans..good back office..strong pricing..
I was just with my buddy that works with them, he showed me there back office..its pretty cool...
If your looking to build a strong business, can't see how you would just cross them out.
I'm contemplating making the move myself. |
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MoneyLenderP
1617 Posts |
Posted - 05/17/2008 : 12:17:50 PM
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| of course they have there flaws...there are far worse setups out there.. |
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kzotter
332 Posts |
Posted - 05/19/2008 : 09:05:12 AM
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| We absolutley do not pad our rates. Go to our website and run a rate search and you will see for yourself. BTW, we are coming out with a new comp plan that is going to blow your socks off! Contact me for details! |
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djorge44
1584 Posts |
Posted - 05/19/2008 : 09:13:17 AM
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Please post your new comp plan
Why do you think there is so much turnover? |
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MoneyLenderP
1617 Posts |
Posted - 05/19/2008 : 12:32:04 PM
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| ????? |
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kzotter
332 Posts |
Posted - 05/28/2008 : 10:51:49 AM
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| The new comp plan should be coming out on June 15th. I can tell you that our employee's with a team will be making almost twice the amount of overides they are currently getting. |
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velecico
3997 Posts |
Posted - 05/28/2008 : 1:13:24 PM
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Real Estate and Insurance agents doing loans , thats your team ? , a concept that has been tried with no success , give it a rest , the site and the concept is OK for a rookie LO , you are not going to get any brokers or established branches to give up a brick and mortar location to take apps at the local Starbucks |
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AmerisaveBroker
94 Posts |
Posted - 08/12/2008 : 12:16:55 AM
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| I wanted to offer my rebuttal to several comments throughout this thread. There are alot of negative and positive threads about Amerisave. Most of the negative are from people that either aren't cut out for the grind of this industry, especially in this market, or they have never tried Amerisave to begin with. I have worked for Wells Fargo and Countrywide and Amerisave now going on only 3 weeks. Amerisave has technology far superior to either Wells Fargo or Countrywide who was great by the way. After leaving Countrywide for Amerisave I am angry at myself for staying at Countrywide as long as I did simply b/c I could have made so much more @ Amerisave. Their leads are turning out to be great and the technology is everything that they promised along with the opportunity. The only thing that stinks is not having the Countrywide name to make each sale an easy one which is for me to overcome. But to make the same I was making at Countrywide being among the top 1% of their sales reps I only need to close 3 loans per month which should be a breeze compared to the 8+ I was closing at Countrywide. I like it and have since realized that all of the negative comments and post are from people that know nothing about Amerisave or are simply negative in nature. Call or email me if you have additional questions or concerns that I can address. |
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AmerisaveBroker
94 Posts |
Posted - 08/17/2008 : 12:05:14 AM
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quote:
Originally posted by velecico
Real Estate and Insurance agents doing loans , thats your team ? , a concept that has been tried with no success , give it a rest , the site and the concept is OK for a rookie LO , you are not going to get any brokers or established branches to give up a brick and mortar location to take apps at the local Starbucks
That is not how Amerisave operates. As a RE Agent you simply take apps with the same customers you normally send to a broker but do the mortgage yourself with little effort using technology. It's as easy as that.
And for Brokers you simply quit answering to your bose and paying him overides on your production and work for yourself. You can buy the same leads you were using in the first place or use Amerisave leads which are the same if not better but pay half price for them. Next you close loans and make more money than you were. It's as easy as that.
I have been on the job for 4 weeks now and my first loan closed within 7 days and was probably the easiest loan I have ever closed. I currently have 20 RE Agents going through the employment process and should be producing within 1-2 months for me. If they each do 1 loan per month for 125K then I will earn an additional $88,236 this year in overrides. And in doing so I will be helping each of them earn an additional $13,932 per year under the same perameters. I am helping them become Realtor Originators keeping them from sending business your way. 
You should be asking us how to get on right away vs. doubting Amerisave and its capabilities. I have never heard of any other company trying what Amerisave is actually doing. This is the future of the mortgage industry and you should be working towards becoming a part of it before it's too late.
Call me when you stop dreaming so I can answer your questions and get you on board with the mortgage company that's leading the way. |
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mortgageslave
1 Posts |
Posted - 08/24/2008 : 09:10:52 AM
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I was interested in Amerisave and attended their webinar.
What I really question is the quality of the leads. I know it is a numbers game: so spell it out. If I buy 200 leads, what is the average # of sales I should get from that amount. In the taped webinar Bobby states a Nathan, a new employee, bought $500 worth of leads (not sure how many leads that was) and he got 4 deals, although Bobby added that he was not trying to say that was typical.
So, basically what I don't hear being mentioned is how much money is the average originator spending on leads to make "x" amount of $$.
Anyone care to comment??? |
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AmerisaveBroker
94 Posts |
Posted - 08/24/2008 : 11:46:10 AM
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quote:
Originally posted by mortgageslave
I was interested in Amerisave and attended their webinar.
What I really question is the quality of the leads. I know it is a numbers game: so spell it out. If I buy 200 leads, what is the average # of sales I should get from that amount. In the taped webinar Bobby states a Nathan, a new employee, bought $500 worth of leads (not sure how many leads that was) and he got 4 deals, although Bobby added that he was not trying to say that was typical.
So, basically what I don't hear being mentioned is how much money is the average originator spending on leads to make "x" amount of $$.
Anyone care to comment???
On average most will spend up to $350 on leads per deal. They are converting at about 3-5%. They are good leads. In my opinion you should be converting these leads at at least 5% if you work them properly. But I see people everyday that buy them and never attempt to call them. They just send emails all day and wonder why they don't close deals. If you are a good sales person you should be confident in your ability to close.
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AmerisaveBroker
94 Posts |
Posted - 10/10/2008 : 6:43:01 PM
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quote:
Originally posted by velecico
He is not a recruiter but you get an overide on everyone you bring on board , thats was the big pitch with the webinar , they are really into the MLM thing , bringing on realtors and I guess now insurance , reminds me of the AL Williams thing , I guess those who get in early and recruit will do well
Everybody working for Amerisave spends I would say 95-99% of their time producing for themselves. To make a living off of team building takes years and all Amerisave employees know that. Team building is simply a HUGE benefit that Amerisave offers that accomplishes really 3 things for the company...
1) Ensures they end up with only the best employees from employee referrals as they do in fact turn down over half of the employment applications submitted. Especially for the Inbound Position!
2) Gives Amerisave the ability to grow as fast as it needs or wants to and grows accordingly with supply and demand. There is high turnover here and it's because if you don't produce or if you are no good you will fire yourself which is AWESOME! Why? Because I am good, I produce, and I hated sitting next to terrible reps at CW living off of a crap salary which was afforded by paying less commission to producers(me)! CW would hire anybody and it showed. I was embarrassed at times...
3) Team building offers incentive to employees to stay with Amerisave and start a career unlike most brokers who can't name all of the mortgage companies they have worked for. I earn more on my personal production than ever before and with my team growing and growing, adding to that income will ecourage me to stay. In other words, the longer I'm here the more I want to stay and that's the truth.
What nobody in these forums ever understands is that Amerisave simply hires on a referral basis. The overides I make off of people on my team is paid to me from Amerisave. It does not ever affect my team meaning it doesn't come out of their commission.
Another reason they hire this way is because we are a web based mortgage company therefore we don't have brick & mortar locations. Because of this, referring employees just makes sense and ensures you get better people. They pay me "thank you dollars" for bringing producers to Amerisave. It's as simple as that.
It's funny because all brokerages across the country have owner's that take a portion of their employee's pay for letting them work out of their office. Every RE agent across the country is paid the same way. How is this any different? LOL
Not to mention it's not easy to get on with Amerisave b/c they don't hire just anybody. They turned down 2 of the 5 friends I brought over from my Countrywide office. I put up a fight to get them on and no dice. ***** for them I guess. Their production was slightly lower than the others which is why.
I love it here and for that reason I take a lot of time to combat the negative comments and promote Amerisave! |
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Scrooge McDuck
8851 Posts |
Posted - 10/10/2008 : 6:44:49 PM
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amerisave has jobs posted on monster that says $100,000 to $1,000,000.
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AmerisaveBroker
94 Posts |
Posted - 10/10/2008 : 7:18:21 PM
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quote:
Originally posted by Scrooge McDuck
amerisave has jobs posted on monster that says $100,000 to $1,000,000.
It is true and is fact. For the Inbound Position you will be asked to leave the team if you aren't producing/earning that. On this position you are expected to close/average a minimum of 10 loans per month which if you are good and work a full week, is easily done. Closing 10 per month should provide you with $125K+ and obviously how much more depends on many variables (# of loans, loan size, type of loan, state, revenue, loan risk, etc.). On top of that income you will have overides from your team which is up to you and variable as well. This is why I'm baffled when I see people that put down Amerisave without reason.... |
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Scrooge McDuck
8851 Posts |
Posted - 10/10/2008 : 7:19:23 PM
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| i would love to meet someone making 1,000,000 at amerisave as a home lo. |
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Scrooge McDuck
8851 Posts |
Posted - 10/10/2008 : 7:58:01 PM
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| how many people work for amerisave? how many are LOs? what kind of volume is amerisave closing these days? |
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AmerisaveBroker
94 Posts |
Posted - 10/10/2008 : 8:05:48 PM
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quote:
Originally posted by Scrooge McDuck
how many people work for amerisave? how many are LOs? what kind of volume is amerisave closing these days?
That's actually a great question. We have been growing so fast lately that I will be honest and say that I have no idea anymore but I can find out and need to. Amerisave is not a large company compared to other mortgage companies...well in this market it may be considered huge now. LOL, but that's really not funny at the same time. We are growing still and faster b/c of our business model which will be an example for future mortgage companies as you can see others have failed to date. Amerisave is thriving... |
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AmerisaveBroker
94 Posts |
Posted - 10/10/2008 : 8:58:45 PM
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quote:
Originally posted by Scrooge McDuck
so wait, you have to show 60gs in w2 to get the job? i just read that. what about 200 in 1099?
They don't except 1099's however if you made that much then obviously you have proven yourself and they will ask you for alternate documentation to show proof that you are productive that's all.
They simply look for people that have extensive experience working internet, inbound, and outbound leads along with proof that you were closing the # of units they are expecting out of you. (10+)
I had to prove to them that CW was only paying me $200-$400 per loan and that includes B/C believe it or not. How brain washed I was for 2 years with them ...But as soon as I showed them my pay per loan over the past few years and the # of units I was closing they hired me right away.
But to answer your question. YES, if you can't show that or find another way to prove yourself they will tell you that you do not have the experience or qualifications that they are looking for. They don't want to hire people that come in and close 4 loans their first 3 months and waste their time then leave b/c they aren't making money. You know how it is. You have to hire 10 people to find 1 or 2 that kick @SS and take names and then find a way to get rid of those 8 that you should have never hired. They are hardcore and try to avoid that. Even if you continuously put crap loans in the pipeline you can consider yourself a goner b/c they will cut you loose for that. I happen to love that and praise that but some think that's too hard.
For example: I tried to get one person on that had about 8 years experience with exactly what they are looking for plus some. I was impressed by their resume. They could show I think it was 70-80K but only for 05 & 06. They couldn't show 07 b/c they started their own brokerage and even had 11 employees at one point. Which to me sounds perfect but they questioned them being out the "game" for a year, if you will. They TD'd that person.
They came back to us about a week or two later and said "hey guys we want 50 spots filled ASAP if know anyone interested and then lowered the requirements slightly and recommended we resend old TD employees for a second shot if we felt they should give them a 2nd look. So I called that person and let them know they could make it but they had a bad taste from being TD'd and won't talk to me anymore but that's the way it goes I guess. There's a good example for you. I found out later that they called and talked with them and they didn't like the way he sounded on the phone. Sounds brutal but maybe I'm too soft and have bad judgment for potential employees.
If you produce, they take care of you and force feed you more leads than you could ever need or want in some cases. Often times free apps find there way to you from customers that fill out one on our main website, lock-in, send docs, and simply need a contact. |
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financeone
1646 Posts |
Posted - 10/10/2008 : 9:01:03 PM
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F 'em. if you have made money in the mtg biz this year, you don't need 'em. pretty simple huh?
quote:
Originally posted by AmerisaveBroker
quote:
Originally posted by Scrooge McDuck
so wait, you have to show 60gs in w2 to get the job? i just read that. what about 200 in 1099?
They don't except 1099's however if you made that much then obviously you have proven yourself and they will ask you for alternate documentation to show proof that you are productive that's all.
They simply look for people that have extensive experience working internet, inbound, and outbound leads along with proof that you were closing the # of units they are expecting out of you. (10+)
I had to prove to them that CW was only paying me $200-$400 per loan and that includes B/C believe it or not. How brain washed I was for 2 years with them...But as soon as I showed them my pay per loan over the past few years and the # of units I was closing they hired me right away.
But to answer your question. YES, if you can't show that or find another way to prove yourself they will tell you that you do not have the experience or qualifications that they are looking for. They don't want to hire people that come in and close 4 loans their first 3 months and waste their time then leave b/c they aren't making money. You know how it is. You have to hire 10 people to find 1 or 2 that kick @SS and take names and then find a way to get rid of those 8 that you should have never hired. They are hardcore and try to avoid that. Even if you continuously put crap loans in the pipeline you can consider yourself a goner b/c they will cut you loose for that. I happen to love that and praise that but some think that's too hard.
For example: I tried to get one person on that had about 8 years experience with exactly what they are looking for plus some. I was impressed by their resume. They could show I think it was 70-80K but only for 05 & 06. They couldn't show 07 b/c they started their own brokerage and even had 11 employees at one point. Which to me sounds perfect but they questioned them being out the "game" for a year, if you will. They TD'd that person.
They came back to us about a week or two later and said "hey guys we want 50 spots filled ASAP if know anyone interested and then lowered the requirements slightly and recommended we resend old TD employees for a second shot if we felt they should give them a 2nd look. So I called that person and let them know they could make it but they had a bad taste from being TD'd and won't talk to me anymore but that's the way it goes I guess. There's a good example for you. I found out later that they called and talked with them and they didn't like the way he sounded on the phone. Sounds brutal but | |
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