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jambala
60 Posts |
 Posted - 05/15/2008 : 10:09:28 AM
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Anyone working for Envision?
Do you need to be personally licensed in every state that you close in?
Or do they have the netbranch umbrella type licensing where you can close loans in almost every state on their list other than that few states that requires individual LOs to be personally licensed?
Eg: I am in CA and have a file in Texas, to close that file in Texas---do I need to be personally licensed in Texas?
Also, what are the advantages and disadvantages of signing on with them?
Please let me know.... Thanks
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jambala
60 Posts |
Posted - 05/15/2008 : 10:12:18 AM
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| Also....any set up fees or reserves for Envision? |
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jambala
60 Posts |
Posted - 05/15/2008 : 10:32:14 AM
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| Thanks Banker0679...that info helps. |
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AMOORE
2 Posts |
Posted - 07/13/2008 : 6:20:23 PM
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quote:
Originally posted by jambala
Anyone working for Envision?
Do you need to be personally licensed in every state that you close in?
Or do they have the netbranch umbrella type licensing where you can close loans in almost every state on their list other than that few states that requires individual LOs to be personally licensed?
Eg: I am in CA and have a file in Texas, to close that file in Texas---do I need to be personally licensed in Texas?
Also, what are the advantages and disadvantages of signing on with them?
Please let me know.... Thanks
Yes I worked for them last year. They're pretty good and very organized. Try them out. But you must have your licensing in place with them. |
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slants
4274 Posts |
Posted - 07/13/2008 : 6:25:15 PM
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| They are a national BROKER, not a net branch. Individual licensing requirements are established per state regulations. |
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CHUGG
301 Posts |
Posted - 07/13/2008 : 6:35:12 PM
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| I work for them just for 2 weeks now. So far no problems and are hands down the best broker I ever worked for in the little experience I had with them so far. Hope this helps. |
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peter
4617 Posts |
Posted - 07/13/2008 : 6:44:45 PM
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I worked for them about 2 years ago for less than 1 year
before opting out for a local broker. I liked them and
thought well of the owners, Amy and Jerry Anderson, and
their support staff. In 2006, they were not DRE-licensed
in California yet but now I understand they have a California
office.
Are they approved with Union Bank of California Wholesale,
Merillyn Lynch, and Charles Swaab? And anyone knows of the
address and phone of their California office. A friend needs
to send loans to Union Bank and Marillyn Lynch or Charles Swaaab
(2nds).
Any info will be appreciated.
Peter |
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bdimitsh
34 Posts |
Posted - 07/13/2008 : 7:54:32 PM
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| I received a spreadsheet with the list of lenders dated 07/01/08 and these lenders are not there. |
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slants
4274 Posts |
Posted - 07/13/2008 : 8:00:58 PM
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| Envision will submit broker packages for new lender approvals, but Union Bank is not accepting new lenders. |
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clearwaterny
347 Posts |
Posted - 07/13/2008 : 9:50:15 PM
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| they are a good organization. you have to be W2'ed and they audit your files which is always good. you have to be individually licensed as well as NMLS licensed. |
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waynepbright
3678 Posts |
Posted - 07/13/2008 : 10:23:36 PM
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WHO DA HELL THAT ENVISION??? |
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slants
4274 Posts |
Posted - 07/13/2008 : 10:26:17 PM
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| http://envisionlending.com/ 47 states broker. $450 flat fee per file. |
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peter
4617 Posts |
Posted - 07/13/2008 : 11:20:14 PM
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Thanks, Slant, and these 2 lenders: Union Bank, Merillyn
and Charles Schwaab, are difficult to get approved with.
Union Bank is getting tough on brokers and they easily cut
off brokers who don't make the pull thru ratio while
Merillyn only does heloc 2nds but on their own margin
accounts customers thru their network of brokers while
Charles Schwaab does retail on heloc 2nds.
Envision does not charge their L/Os the additional costs
of Error & Omission insurance and therefore this became
an issue with E-Loan Wholesale at one time because E-loan
insisted that Envision provided the E & O insurance and
so Amy explained to me that that was why Envision didn't
take on E-Loan. I got my local broker to get approved
with E-loan wholesale using his E & O.M. policy covering
his real estate business and we got approved. We had some
good business with E-Loan for about a year before they
went out of wholesale early this year.
Overall, Envision is a good organization and let's hope
that they will continue to grow and to be good to all the
L/Os that I have personally recommended from my own experience
to join them. As you know, I am not a recruiter and very
characteristically skeptical of net branches and brokers
all the time.
Peter |
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slants
4274 Posts |
Posted - 07/13/2008 : 11:28:51 PM
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| Yep, thanks for the referral Peter. I would not have know to look them up if it wasn't for you. |
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MoneyLenderP
1617 Posts |
Posted - 07/14/2008 : 01:56:58 AM
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Probably would rather deal with Emery Federal Credit Union...licensed in all 50, dont need to bother with the personal licensing etc etc
http://www.emeryfederal.com |
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CHUGG
301 Posts |
Posted - 07/14/2008 : 02:28:46 AM
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| I worked for Emery Federal for awhile before Envision. It was an absolute nightmare. |
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