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changeup23
9 Posts |
 Posted - 06/30/2009 : 2:18:17 PM
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Please help! I was just given notification that my current broker is not renewing their license and I have to place it by August. I've heard of Southwest Funding, Apex Lending, and some others. Does anyone recommend a company for me to contact?
Thanks! |
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showtime240
233 Posts |
Posted - 06/30/2009 : 2:31:16 PM
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Funny, I just got notification also regarding my company's Texas License.
I am also in the same boat. I hope there are some good recommendations
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changeup23
9 Posts |
Posted - 06/30/2009 : 2:33:07 PM
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| Showtime, we work for the same company. |
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showtime240
233 Posts |
Posted - 06/30/2009 : 2:35:11 PM
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quote:
Originally posted by changeup23
Showtime, we work for the same company.
Go figure. I loved the company. I have been with them for about a year. It is totally unfortunate. Let me know what you find. I have a couple of interviews setup this week. Fingers crossed. Are you based in Houston? |
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changeup23
9 Posts |
Posted - 06/30/2009 : 2:36:19 PM
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| Dallas. I'm checking with a few. you want to talk over email? |
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showtime240
233 Posts |
Posted - 06/30/2009 : 2:36:54 PM
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quote:
Originally posted by changeup23
Dallas. I'm checking with a few. you want to talk over email?
yes, please. You can send an email by clicking on the name. Thanks. |
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SSINGH88
635 Posts |
Posted - 06/30/2009 : 2:40:32 PM
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really just go onto craigslist.com real estate section posting in jobs and there are a ton.
good luck! |
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SSINGH88
635 Posts |
Posted - 06/30/2009 : 2:41:38 PM
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oh i cant believe i forgot...got to First Priority
true 100% spit becuase the per file fee is only $395
they do all 50 states, and are FHA approved
Check them out at www.go395now.com or might be www.go395.com
good luck |
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changeup23
9 Posts |
Posted - 06/30/2009 : 2:42:39 PM
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| Thanks for the help! |
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cspatmon
5276 Posts |
Posted - 06/30/2009 : 2:43:00 PM
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| email me I may can assist you...... |
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1003s.com
4131 Posts |
Posted - 06/30/2009 : 2:43:53 PM
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Opportunity # 1 below covers TX, for this
branch opportunity, you would need to have a
commercial space.
Opportunity #1
$500 – flat fee per file no monthly fee.
Raw banker pricing, no padding from with:
Taylor, Bean & Whitaker
Flagstar
1st Advantage Mortage / fka :DK Funding
SunTrust
FHA Approved with :
American Financial Resources
American Southwest Mortgage Corp
Assurity Financial
Birmingham Bancorp Mortgage Corp
Classic Home Financial
EverBank
First Guaranty Mortgage Corp
Florida Capital Bank Mortgage
Liberty Mortgage
Nations Direct Mortgage
PMAC
Plaza Home Mortgage, Inc.
Polaris Home Funding Corporation
ReverseIt
Senderra
Sun West Mortgage Company, Inc
Universal Mortgage Corporation
This program supports 1099 or W2 employee’s classification is dictated by licensing in each state. If you plan to originate FHA loans you must be a W2 employee.
Many of the branches with this company close loans under their own DBA so they are
are able to build their own brand name, while at the same time having the ability
to close FHA loans and have access to a large lender list and in some cases take
advantage of a preferred price.
This program has a great technology platform.
Pick your own LOS.
AR,CA,CO,FL,HI,IA,IL,IN,KS,LA,MI,MO,NE,NM,OK,SC,TN,TX,WI
States where 1099 is an option =KS,MO,
Branches can use a registered DBA with this program in all states except,
IA, IL,NE,SC
A branch that is W2 can still use a registered DBA for marketing.
This is a great feature, for brokers that are considering converting to
a net branch type opportunity for the purpose of doing FHA loans,
as it allows them, to retain the name, they spent
time, effort, and money establishing.
RE: CA
Due to CA, market conditions 1003s.com Corporation,
has placed all CA recruiting on hold until JAN /2010
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kellamtom
1131 Posts |
Posted - 06/30/2009 : 7:09:50 PM
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| email me, we're located in Dallas, full access to our 10k sq office building we're true 100% flat fee per file, your processor or ours, 1099 /75% 25% w-2 on fha files |
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johnnyboy38109
4341 Posts |
Posted - 07/01/2009 : 06:01:48 AM
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quote:
Originally posted by changeup23
Please help! I was just given notification that my current broker is not renewing their license and I have to place it by August. I've heard of Southwest Funding, Apex Lending, and some others. Does anyone recommend a company for me to contact?
Thanks!
I have an opportunity that pays 100% commission.
24 states.
Contact if interested. |
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Broker G
311 Posts |
Posted - 07/01/2009 : 07:06:59 AM
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| I had a loan officer that worked with me and she opened a SouthWest Mortgage branch. She said she is pleased with the move and quite content with the company. I will email you her contact info.if you like. |
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kellamtom
1131 Posts |
Posted - 07/01/2009 : 07:38:23 AM
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quote:
Originally posted by Broker G
I had a loan officer that worked with me and she opened a SouthWest Mortgage branch. She said she is pleased with the move and quite content with the company. I will email you her contact info.if you like.
sw funding charges 25 bps of sales price on a purchase plus a small transaction fee |
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Broker G
311 Posts |
Posted - 07/01/2009 : 07:45:24 AM
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quote:
Originally posted by kellamtom
quote:
Originally posted by Broker G
I had a loan officer that worked with me and she opened a SouthWest Mortgage branch. She said she is pleased with the move and quite content with the company. I will email you her contact info.if you like.
sw funding charges 25 bps of sales price on a purchase plus a small transaction fee
I bet she don"t know that. Thats why I love this forum. So much valued info that is just priceless. |
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changeup23
9 Posts |
Posted - 07/01/2009 : 08:07:52 AM
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Spoke with Southwest and they were upfront on the .25 bps, but didn't clarify if it was on the loan amount or sales price.
Thanks for all of the replies. Showtime and I have some good leads on companies. I'll let you know how it goes. |
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Broker G
311 Posts |
Posted - 07/01/2009 : 08:16:44 AM
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quote:
Originally posted by changeup23
Spoke with Southwest and they were upfront on the .25 bps, but didn't clarify if it was on the loan amount or sales price.
Thanks for all of the replies. Showtime and I have some good leads on companies. I'll let you know how it goes.
As long as you go into the contract with everything you feel like should be disclosed then its a good deal for you. All companies have their pros and cons. You just have to weigh them out. By the way you got mail. |
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showtime240
233 Posts |
Posted - 07/01/2009 : 2:12:37 PM
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There has to be a big broker/coresspodent with a flat per file charge similair to Envision Lending Group.
I went to several interviews, and so far not very excited about any of them. |
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RodneyLO
952 Posts |
Posted - 07/02/2009 : 3:10:40 PM
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Oops, wrong thread  |
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ctr2
129 Posts |
Posted - 07/04/2009 : 10:46:53 AM
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| Are these 100% commision companies people are recommending all W-2 FHA approved companies? |
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