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LarryM
66 Posts |
 Posted - 07/10/2008 : 07:55:46 AM
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My company is looking at it's options and are considering American Nationwide mortgage. Anyone with any experience or advice?
We're getting tired of getting nickled and dimed to death on fees and not getting full SRP on Reverse Mortgages.
Thanks |
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1003s.com
3036 Posts |
Posted - 07/10/2008 : 08:08:50 AM
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Larry,
You might want to look at some other options.
I have been recruiting for opportunity #2 below
for sometime now and had zero complaints from
anyone I have sent to them. They have branches that mainly
do reverse mortgage loans, so they should be set up
farly well to handle that type of business.
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,
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
Flagstar
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.
______________________
Also,
I do __not recruit for Allied, however, they also might be worth
taking a good look at, see contact information below.
Greg Leech
National Recruiter
Allied Home Mortgage Capital Corp.
(Direct Phone) 713-684-0728
(Direct Fax) 713-332-0516
(Email) gleech@alliedhomenet.com
www.branchasap.com
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LarryM
66 Posts |
Posted - 07/10/2008 : 08:22:19 AM
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| Thanks Bob. We need WA as we have a branch there. Out of curiosity, I thought National City excited the business. |
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1003s.com
3036 Posts |
Posted - 07/10/2008 : 09:24:16 AM
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quote:
Originally posted by LarryM
Thanks Bob. We need WA as we have a branch there. Out of curiosity, I thought National City excited the business.
Larry,
thanks, your right,NATL CITY is out of that market now. |
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ejgoldy
70 Posts |
Posted - 07/10/2008 : 10:08:33 AM
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| American Nationwide (Tampa - Rogers) are good people. Very conservative compliance wise and pay on time. I was with them for a while so I know. |
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LarryM
66 Posts |
Posted - 07/10/2008 : 10:18:12 AM
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| You used the past tense. Why did you leave? |
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ejgoldy
70 Posts |
Posted - 07/10/2008 : 10:48:46 AM
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quote:
Originally posted by LarryM
You used the past tense. Why did you leave?
Personal reasons not connected in any way with them. |
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LarryM
66 Posts |
Posted - 07/10/2008 : 10:52:18 AM
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| would you be available to talk with my boss? |
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American Credit
400 Posts |
Posted - 07/10/2008 : 11:27:41 AM
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| Is this the American Nationwide based out of Florida? If so, I have heard nothing but good things about them. We have worked closely with many of their branches. |
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LarryM
66 Posts |
Posted - 07/10/2008 : 11:29:49 AM
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| THat's the one. Thanks |
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American Credit
400 Posts |
Posted - 07/10/2008 : 11:31:48 AM
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| If you'd like to talk to a guy that owns/runs one of their branches I can give you his contact info. He's a pretty honest guy and I'm sure he'll tell you the good and bads of working for/with them. Let me know! |
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