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1003s.com
4161 Posts |
 Posted - 09/19/2007 : 08:21:43 AM
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quote:
Originally posted by xavierramirez
HERE IS ANOTHER OPTION:
$0 set-up - work from home.
We purchase over 30,000 internet leads a month from most of the major suppliers, including LendingTree and LowerMyBills. We get the best quality leads at the best price.
You may be working from home, but you will not be alone. You will be assigned to an in-house support team which will include a support manager, processors, underwriters and closers. We have over 40 in-house processors and you will get decisions from underwriting in less than 4 hours typically. Close your loans in as little as 7 days.
Benefits:
More Money – Dramatically increase your income
More Freedom – Work from home, Be Your Own Boss.
More Flexibility – Work on what’s in your best interest.
More Control – You control your career, not your boss.
More Stability – Diversify your income, less risk
We are looking for Experienced Loan Officers.
NO LICENSE NEEDED
Contact:
Regional Sales Director
1.888.569.2809 x7
714-206-9641 Direct
Xavier Ramirez
_______________________________________________________________________
Regional Sales Director
Amerisave Mortgage Corporation
6 Piedmont Center
3525 Piedmont Road
Suite 710
Atlanta, GA 30305
Direct line: 714-846-0503
Fax: 714-782-6027
Web: www.Amerisave.com
Email: rramirez@amerisave.com
~~~~~~~~~~~~~~~
**I am offering Free Real-Time LowerMyBill/LendingTree Leads (for a limited time).
Your thread high jacking speaks volumes about you, and your company... |
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geo21208
3278 Posts |
Posted - 09/27/2007 : 1:06:43 PM
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#23
Commercial Net Branch.
This is a unique opportunity for someone that wants to get involved in commercial loans.
but does not want to deal with processing, ETC.
The Branch would take in a file and ship it out for processing.
The branch would earn 75%
The Provider would earn 25%
The 25% covers their file processing costs
They have relationships with 16 commercial lenders.
Upfront Set Up Fee is $1500-
Training and software is included with the set up fee.
Experience, No commercial experience is required, however
they are looking for some RES experience
Bob, would somebody be able to do #23 concurrently with another program?
Maybe under a d.b.a? |
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1003s.com
4161 Posts |
Posted - 09/27/2007 : 1:57:05 PM
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Geoffrey,
Good question, my gut reaction is, some of the companies,
that I recruit for would not be concerned at all
if you took commercial deals another direction,
and other companies would be concerned. |
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velecico
5311 Posts |
Posted - 09/28/2007 : 6:59:55 PM
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Bob ,
opportunity # 1 , I already have bricks and sticks , would they come to NJ , I want to establish my own brand , so having a DBA with the ability to do FHA sounds great , my branch produced over 250 million the last 3 years |
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JoeBMS
10 Posts |
Posted - 10/01/2007 : 01:42:58 AM
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What do your net branches do with their "dead deals"? I have a way to convert those same dead deals into pay checks, ultimately compensating brokers for their wasted marketing dollars. BMS offers debt relief, credit repair and mortgage relief solutions for customers in all 50 states, and partners up with lenders and broker to service their “dead deals”. Operating through our referral website: http:broker.billsmadesimple.com, we accept difficult deal into our website to be processed by BillsMadeSimple. When a lead is fully enrolled in 1 or more programs, the referral source is compensated $100 for each new service. Since many of our clients enroll in multiple programs, it’s easy to get paid several hundreds of dollars for the same lead. As a broker, when you sign up for a free account at http:broker.billsmadesimple.com you will be assigned an account number. Each lead that you submit will then be assigned a unique ID tracked relative to your account number. You will have the ability to log into the website to track the status of all of your leads in real time. The service is valuable in a down market, and the technology is great for tracking purposes. It’d be a great source of additional income!
quote:
Originally posted by 1003s.com
If you are all about quality, look for a company that is also,
because, "Birds__ of_ a__ feather__ flock__ together"
If you go to a company that will take anyone with a pulse, expect problems down the road
of one kind or another.
If you are looking for an opportunity that is too good to be true, keep looking!
I don't have it for you. We recruit now for many net branch companies
There pro and cons to each opportunity and no one opportunity is best for
everyone. Heck maybe you should not be a net branch at all.
I can think of as many reasons not
to net branch, as I can to net branch. At the end
of the day, it all boils down to your own unique
set of circumstances, that may not be the same, in
some significant ways a year from now. So while, a
net branch, might not be a good fit for you now, it
could be 12 months from now
In any case if you think a net branch or an off site LO opportunity might make sense
Take a look at the list.
Opportunity #1
No Set Up Fee, $500 – flat fee per file no monthly fee.
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,,FL,IA,IL,IN,KS,MI,MO,NM,TN,TX,WA,WI
States where 1099 is an option = FL,WA,KS,MO,IA,TX
Opportunity #1
No Set Up Fee, $500 – flat fee per file no monthly fee.
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.
This program has a great technology platform.
Pick your own LOS.
AR,CA,,FL,IA,IL,IN,KS,MI,MO,NM,TN,TX,WA,WI
States where 1099 is an option = FL,WA,KS,MO,IA,TX
Branches can use a registered DBA with this program in all states except IL.
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.
_____________________________________________________________________
Opportunity #2)
$500- flat fee per file no set up fee
CA,CO,FL,IL,IN,ID,MI,MO,MO,MN,NC,NM,NY,NJ,OH,OR,PA,SC,TN,,WI,WY
OH,IN,NJ=Banker only
SC First MTG only.
LLicenses Pending: AL,AZ,LA,MA,NV,VA,WA
(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 A-C 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 want to banker your loans, the padding is real thin.
We are not recruiting branches located in NY for this
program.
_________________________________________________________________
Opportunity #3
1099 Pay, in most Western states.
$495- per file on loans in your home state.
AK,AZ,,CA,CO,,FL,HI,ID,IN,IL,MD,MO,NM,NC,NV,OR,TN,TX,UT,VA,WA,WY
(They will consider offering a flat monthly fee of $1750- for up to
20 loans per month. The fee starts over again every 20 loans.)*** Subject to approval
of all equity partners.***
More states are pending.
No Monthly fee
No Set up Fee
1099 where allowed
CONV loan fees can be paid to a registered DBA.
CONV, FHA
In some cases branches could be paid on a DBA
___________________________________________________________________
Opportunity #4
$750 Flat fee per file / No Set up fee , No monthly fee.
AK,CA,CO,CT,FL,IN,KY,MA,NJ,NY,OR,PA,RI,VT,WV
States pending:Arkansas
Michigan
Tennessee
Delaware
Georgia
Texas
North Carolina
Ohio
Virginia
Maryland
Montana- Need a person there
Nevada- Need a person there
CONV, FHA, VA,
Broker all your loans or banker your choice.
___________________________________________________________________________________
Opportunity #5
This is a good opportunity for someone who wants to banker most of their loans.
The branches get 100% of the rate sheet price with no fee per file or per month
Branches are able to broker out loans however this program is really not geared for that. They offer marketing support and the strength of a company that has been around a long time.
AL,AK,AZ,AR,CA,CO,CT,FL,GA,HI,IN,KS,KY,LA,MD,MI,MN,MS,MO,MT,NV,NM,NC,OH,OK,SC,TX,VA,WI,WY
___________________________________________________________________
Opportunity #6
On Hold for now.
________________________________________________________________________________
Opportunity #7
AL,AK,AR,CA,CO,FL,IN,KY,LA,MI,MS,MO,NM,OK,TN,TX
They are licensed as a banker in Texas so they do not require LO's have a TX LIC.
$350- per file plus .250BPS many lenders offer pricing a price bonus that offsets the BPS
This program also offers thinly padded banker products CONV, plus FHA,and VA
_____________________________________________________________
Opportunity #8
450 per mo flat fee.
$300 per closed file.
Option (2)
$1548 per month flat fee includes branch E&O insurance.
Branches must Encompass or pay a $40- fee per file for data entry.
Alabama, Colorado, Connecticut,Florida, Georgia, Illinois, Indiana,
Kentucky, Louisiana, Missouri, Mississippi,New Mexico, North Carolina
South Carolina, Texas, Tennessee
___________________________________________________________________
Opportunity #9
$1500- Flat monthly fee
FL,CO,CA,CT,MD,TN,PA,DOC-DC
NO TECH FEES, NO LOS FEE, Free Encompass Use.
All loans are brokered on this program. No Padded Rates.
This program comes with an option to convert to a fee per file of $495 with no monthly fee
All new branches must go to corporate, for 2days training
Has VA, does not have FHA...
Prefered title Company provides 300 public record ARM leads per branch every loan.
___________________________________________________________________
Opportunity #10
NJ, PA more states pending in that region.
A PLN Preferred lender network
This works like a health insurance PP0 if you stay in net work (with the lender) your per
file fees are lower than if you go out of network.
Costs Per file: $430- in network
$630- out of network
Another neat twist to this opportunity,
it is the only opportunity I know of that pays part of the branch managers health
insurance costs. They pay 30% of the branch manager’s health insurance premiums
___________________________________________________________________
Opportunity #11
For offsite LO’s
$790 Per File includes Processing as LO's working
from home are not allowed to process their own files.
Monthly fee is $225
Everyone is W2 and they take out a 15% ADMIN fee to cover employers
FICA Costs.
AK,CA,CO,CT,FL,MA,ME,MD,MN,NJ,NY, PA,VA,WY
This program has a company credit account option subject to
qualification branches can pay expenses with pretax dollars.
______________________________________________________________________________________
Opportunity #12
This Opportunity is cost effective and does not require the branch manager to have good credit.
$ 150 monthly fee and $500 per file.
IL,IN,MI,FL
_______________________________________________________________________________________
Opportunity #13
You get what you pay for.
Monthly Fee $300- per file fee $60-
This is an opportunity for those more concerned about costs.
LO’s do most everything with the company online.
AK,CA, CT, FL, GA, KN, IL, IN, MI, TN , OR, WA,
______________________________________________________________
Opportunity #14
$295 flat fee per file, office must be B&M
mothly fee $225-
15% Admin fee 15% more than covers employers payroll tax.
AK,CA,CO,CT,FL,MA,ME,MD,MN,NJ,NY, PA,VA,WY
__________________________________________________________________
Opportunity #15
1099 only
FL,CO
FL, LO’s licensed only.
80% with a fee of $450 per file, work from home LO’s can process their own loans and have bad credit.
__________________________________________________________________________________________
Opportunity #16
This is a great program for branches that go through production swings,
Fee is $395- per file for the 1st 4 files per month.
Plus 8% of commission
8% is the only fee on files 5 and up
CA, FL, VA, MD, GA, CO, MI, MN, MA, NM and CT
__________________________________________________________________________________________
Opportunity #17
Offsite Loan officer opportunity
AL,AK,AR,CA,CO,FL,IN,KY,LA,MI,MS,MO,NM,OK,TN,TX
They are licensed as a banker in Texas so they do not require LO's have a license TX
LIC
$750- per file plus .250BPS many lenders offer pricing a price bonus that offsets the BPS
During the 1st 90 days offsite LO's will not be allowed to process their own files and there will be a processing fee of $400. Per file during that time period.
After 90 days LO's processing their own files=subject to approval.
This program also offers thinly padded banker products CONV, plus FHA,and VA
The lender list is very long.
This program also offers LO's the opportunity to be 1099'd up to 75% of income
__________________________________________________________________________________________
Opportunity #18)
This is an offsite LO Opportunity,
CA,CO,OH,Il,FL,HI,NJ,PA,WI,MI,IN,TN,SC,MO,MN,CO,NC,NY
Commission is 75% W2 wages, the employers part of FICA is subtracted from their 25% not
the LO'S portion. All files processed at CORP, $550-per file to process
MIN 1Yr experience
Conventional, FHA, VA
If you want to banker the padding is on .25 or broker out everthing, whatever you like to do.
Monthly E&O fee $100-
__________________________________________________________________________________________
Opportunity #19
offite LO
75% of Bankered pricing goes to LO /Employers FICA's is not charged to Lo
per file processing fee APROX $500-
This is a good opportunity for someone who wants to banker most of their loans.
Branches are able to broker out loans however this program is really not geared for that. They offer marketing support and the strength of a company that has been around a long time.
AL,AK,AZ,AR,CA,CO,CT,FL,GA,HI,IN,KS,KY,MD,MI,MN,MS,MO,MT,NV,NM,NC,OH,OK,SC,TX,VA,WI,WY
Opportunity #20
Hybrid Monthy fee and fee per file. This is for small offices only 1-15 Loan officers.
Monthly Fee $1000- per file fee $60-
All loans are brokered on this program. No Padded Rates.
AK,CA, CT, FL, GA, KN, IL, IN, MI, TN , OR, WA,
_________________________________________________________________________________________
Opportunity #21
$495- flat fee per file
FL,CA,CT,MD,,TN,NJ,PA,DOC-DC
NO TECH FEES, NO LOS FEE, Free Encompass Use. set up fee $750-
All loans are brokered on this program. No Padded Rates.
FL,CA,CT,MD,,TN,NJ,PA,DOC-DC
This program comes with an option to convert to a flat monthly fee of $1500-
All new branches must go to corporate, for 2days training
__________________________________________________________________________________________
#22
Off site LO opportunity
This is for IL only
Pay will range from 60-85% commission depending on volume
$300-$400- fee required to process loans.
_________________________________________________________________________________________
#23
Commercial Net Branch.
This is a unique opportunity for someone that wants to get involved in commercial loans.
but does not want to deal with processing, ETC.
The Branch would take in a file and ship it out for processing.
The branch would earn 75%
The Provider would earn 25%
The 25% covers their file processing costs
They have relationships with 16 commercial lenders.
Upfront Set Up Fee is $1500-
Training and software is included with the set up fee.
Experience, No commercial experience is required, however
they are looking for some RES experience.
________________________________________________________________________________________
#24
CA, DRE's offsite 1099 LO opportunity
Flat fee $646 per file process your own loans
over 60 lenders.
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1003s.com
4161 Posts |
Posted - 10/01/2007 : 06:25:43 AM
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Joe/BMS, it seems you are new here to the Outpost.
Hijacking threads,
with spam is frowned upon here.
Is this really the kind of impression you want people
on the Outpost, to have of your company?
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geo21208
3278 Posts |
Posted - 10/01/2007 : 12:01:07 PM
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quote:
Originally posted by 1003s.com
Joe/BMS, it seems you are new here to the Outpost.
Hijacking threads,
with spam is frowned upon here.
Is this really the kind of impression you want people
on the Outpost, to have of your company?
Bob, the impression I got is that he's too lazy to even start his own thread and too callous to care. Would I do business with him? No |
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1003s.com
4161 Posts |
Posted - 10/01/2007 : 2:27:47 PM
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| Geoffrey, good to hear from you... |
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ross888
124 Posts |
Posted - 10/02/2007 : 2:52:55 PM
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Why is it I see in the general discussion forum Brokers etc who say they have not been payed by Apex??? And say they are going to sue them???
If this is true why is this opportunity even here.
If not true why do's Apex not address the Brokers and LOs problems mentioned on the General Discussion Forum??? |
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1003s.com
4161 Posts |
Posted - 10/02/2007 : 4:04:22 PM
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quote:
Originally posted by ross888
Why is it I see in the general discussion forum Brokers etc who say they have not been payed by Apex??? And say they are going to sue them???
If this is true why is this opportunity even here.
If not true why do's Apex not address the Brokers and LOs problems mentioned on the General Discussion Forum???
Anthony,
I recruit for 15 companies "Apex" is not one of them.
I put Apex in the the thread title,
because there are many Apex branch managers,
that are looking for other opportunities.
And I recruit branch managers,
for other opportunities. |
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aslinda
30 Posts |
Posted - 10/04/2007 : 11:05:59 AM
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Bob,
Could you please tell me more about the Opportunity #3, how do I sign up with them? How long have they been in business?
$495- per file on loans in your home state.
AK,AZ,,CA,CO,,FL,HI,ID,IN,IL,MD,MO,NM,NC,NV,OR,TN,TX,UT,VA,WA,WY
More states are pending.
No Monthly fee
No Set up Fee
1099 where allowed
CONV loan fees can be paid to a registered DBA.
CONV, FHA
In some cases branches could be paid on a DBA
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1003s.com
4161 Posts |
Posted - 10/04/2007 : 11:23:00 AM
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quote:
Originally posted by aslinda
Bob,
Could you please tell me more about the Opportunity #3, how do I sign up with them? How long have they been in business?
$495- per file on loans in your home state.
AK,AZ,,CA,CO,,FL,HI,ID,IN,IL,MD,MO,NM,NC,NV,OR,TN,TX,UT,VA,WA,WY
More states are pending.
No Monthly fee
No Set up Fee
1099 where allowed
CONV loan fees can be paid to a registered DBA.
CONV, FHA
In some cases branches could be paid on a DBA
I would need to have you call me,
and than I would put you in contact
with one of the owners.
They have been in business since 2005
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tonyclifton
46 Posts |
Posted - 10/15/2007 : 3:25:39 PM
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Bob can you send me some information on your option 3 Fed Charter.
Thanks |
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pwoolfolk
86 Posts |
Posted - 10/17/2007 : 06:28:45 AM
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| Hi Bob, we spoke a few months ago, I'm in Illinois, interested in a federal charter (don't really care about FHA) but would like a dba setup, if possible, do you have anything that would work for me? Thanks. |
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1003s.com
4161 Posts |
Posted - 10/17/2007 : 10:04:32 AM
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Portia,
The FED Charter option does not offer a DBA, and opportunity #1
offers DBA's in other states where they are licensed, however not in
IL. |
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pwoolfolk
86 Posts |
Posted - 10/17/2007 : 10:49:02 AM
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| Thanks Bob. |
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1003s.com
4161 Posts |
Posted - 10/17/2007 : 11:55:37 AM
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| Portia, your welcome, and nice to hear from you again... |
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HonestyEqualsBus
34 Posts |
Posted - 10/22/2007 : 7:20:10 PM
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Opportunity #5 sounds like Magellan Mortgage Group. Is this something you can tell me over the post or would I have to contact you? If it is, then that is a solid company. I think what you are doing is great Bob. Keep it up and good luck with everything.
Sam Saleh |
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1003s.com
4161 Posts |
Posted - 10/22/2007 : 7:41:41 PM
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Thanks Sam,
please feel free to give me a call for more information. |
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Laffdr
468 Posts |
Posted - 10/24/2007 : 12:15:15 PM
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| who's name goes on the 1003? |
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1003s.com
4161 Posts |
Posted - 10/24/2007 : 12:54:09 PM
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quote:
Originally posted by Laffdr
who's name goes on the 1003?
Jason,
While I have no idea what you are talking about.
I will say, I recruit for many companies,
and all compliance related questions,
would need to be addressed directly to each company I recruiit for. |
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msancheznj
2252 Posts |
Posted - 10/31/2007 : 3:15:22 PM
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| Bob, I always wanted to ask you something. Why do you type with a space between lines? |
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1003s.com
4161 Posts |
Posted - 10/31/2007 : 4:12:28 PM
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Mitchell,
I find it easier to read double space type. |
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rad
1404 Posts |
Posted - 11/01/2007 : 08:27:15 AM
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Is there any bank or branch or entity set up with Amtrust Bank and FHA?
I'm in CA. |
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1003s.com
4161 Posts |
Posted - 11/01/2007 : 09:11:14 AM
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Rad,
opportunity #2 is set up with with a company by the name of
Amtrust, they also do FHA and are licensed in CA. |
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taylorms
188 Posts |
Posted - 11/05/2007 : 1:38:36 PM
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Bob,
Just curious. How come there are hardly any of those opportunities that are licensed in Utah? |
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1003s.com
4161 Posts |
Posted - 11/05/2007 : 2:02:45 PM
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quote:
Originally posted by taylorms
Bob,
Just curious. How come there are hardly any of those opportunities that are licensed in Utah?
Scott,
If a state has mortgage laws that branch providers and lenders,
don't like, many of them, will just stay out of that state.
I suspect that is the case with UT. |
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dcg123
51 Posts |
Posted - 11/06/2007 : 2:59:28 PM
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Hi Bob!
I'm Licensed to Broker Mortgages and Real Estate here in Texas. With a quick question. I'm considering Net Branching to access FHA. I currently maintain a Brick and Mortar location under my mortgage company name.
Question....How will net branching affect the real estate side of my business. Seems like I read somewhere that I couldn't originate FHA with a Real Estate Broker's License. Is that correct? Is it a matter of dual licensing or is it having both licenses in the same office location?
For instance what if I open another location for real estate transactions, or just operate the real estate brokerage from home?
Are these valid options?
Any suggestions would be much appreciated. Thanx in advance for your response. |
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1003s.com
4161 Posts |
Posted - 11/06/2007 : 3:23:17 PM
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Richard,
employees of FHA approved lenders, may _not also be realtors. |
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saj13
47 Posts |
Posted - 11/17/2007 : 04:51:59 AM
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| Can you please send me information on #1? Thanks. |
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ssheasby
50 Posts |
Posted - 11/30/2007 : 1:08:12 PM
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| If you are originating more than 10 loans in a certain state per year, I recommend getting licensed yourself. It will save you a lot of money. I can assist you with the process if you are intersted. www.integritymortgagelicensing.com |
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melissam
104 Posts |
Posted - 12/07/2007 : 09:30:06 AM
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| If you are looking to do out of state deals and FHA I know of a company that is able to do that for you and they don't have a monthly fee or a start up fee. |
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real_t_crazy
327 Posts |
Posted - 12/12/2007 : 08:00:50 AM
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What if any are the fees for number 8?
quote:
Originally posted by 1003s.com
My fees are all paid by the companies I recruit for, no fees to branch applicants for my services.
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loanbroker5
1615 Posts |
Posted - 01/03/2008 : 4:11:39 PM
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| you have too much information, please email me my options,for net branch manager, im in massachusetts. |
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1003s.com
4161 Posts |
Posted - 01/03/2008 : 5:17:37 PM
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quote:
Originally posted by ssheasby
If you are originating more than 10 loans in a certain state per year, I recommend getting licensed yourself. It will save you a lot of money. I can assist you with the process if you are intersted. www.integritymortgagelicensing.com
Why don't you start your own thread, instead of hijacking this one! |
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FLProcessor
451 Posts |
Posted - 01/09/2008 : 5:46:21 PM
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Bob,
I'm curious. Do you recruit for netbranches that really stand out with their offsheet pricing as a result of their volume? I realize correspondent pricing is available on the banker oppportunities; however, I'm referring to offsheet pricing at the broker level as well (seeng as how companies like Provident or TBW may beat correspondent pricing and offsheet incentives would make this more profitable).
Thank you in advance. |
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1003s.com
4161 Posts |
Posted - 01/09/2008 : 6:51:31 PM
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Tiffany,
Several braches providers are set up with provident, I am sure
some not all, may get prefered pricng due to volume or quality
with some lenders. |
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FLProcessor
451 Posts |
Posted - 01/09/2008 : 9:26:06 PM
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Sorry if I didn't do a good job explaining. I wasn't looking for someone who is setup with Provident. Rather, I was using that as an example -- that my primary motive with a potential branch arrangement would be more about offsheet pricing, than anything else.
For example, from what I understand, Carteret and FirstMet have incentives with just about every investor. My goal would be finding a branch that is equally large/incentized by investors, yet less regimented (e.g. allowing me to keep license in my home state).
In short, do any of your opportunities have particularly good pricing incentives with their investors due to high volume/special arrangements? |
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dcg123
51 Posts |
Posted - 01/16/2008 : 10:48:53 AM
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| What's the best option for a small shop in Texas needing occasional out of state access and local FHA. Need to close out-of-state deal quickly. |
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dcg123
51 Posts |
Posted - 01/16/2008 : 11:45:51 AM
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| What the easiest way to contact you? |
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1003s.com
4161 Posts |
Posted - 01/27/2008 : 11:57:16 PM
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quote:
Originally posted by dcg123
What the easiest way to contact you?
By phone, Monday to Friday 9AM-6PM CST |
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jeff4567
1607 Posts |
Posted - 01/31/2008 : 09:52:43 AM
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Bob,
You clearly have a deep understanding of Net Branches. It seems like all of the 100% branches have a payroll/admin fee. Is 10% pretty typical for this fee?
quote:
Originally posted by 1003s.com
quote:
Originally posted by dcg123
What the easiest way to contact you?
By phone, Monday to Friday 9AM-6PM CST
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1003s.com
4161 Posts |
Posted - 01/31/2008 : 10:05:32 AM
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quote:
Originally posted by jeff4567
Bob,
You clearly have a deep understanding of Net Branches. It seems like all of the 100% branches have a payroll/admin fee. Is 10% pretty typical for this fee?
quote:
Originally posted by 1003s.com
quote:
Originally posted by dcg123
What the easiest way to contact you?
By phone, Monday to Friday 9AM-6PM CST
Jeff,
with most of the branches I recruit, the actual costs for the employer payroll
tax, ETC. are charged to the branch. An admin fee of 10% might be higher
or lower than actual costs depending on the state and the profit level
of the branch. |
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jeff4567
1607 Posts |
Posted - 01/31/2008 : 10:09:48 AM
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Bob,
Thanks, I figured as much. They do charge the 10% to me. I figure they really couldn't pay my payroll tax and give me 100%. I guess 10% is a fair figure
quote:
Originally posted by 1003s.com
quote:
Originally posted by jeff4567
Bob,
You clearly have a deep understanding of Net Branches. It seems like all of the 100% branches have a payroll/admin fee. Is 10% pretty typical for this fee?
quote:
Originally posted by 1003s.com
quote:
Originally posted by dcg123
What the easiest way to contact you?
By phone, Monday to Friday 9AM-6PM CST
Jeff,
with most of the branches I recruit, the actual costs for the employer payroll
tax, ETC. are charged to the branch. An admin fee of 10% might be higher
or lower than actual costs depending on the state and the profit level
of the branch.
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1003s.com
4161 Posts |
Posted - 01/31/2008 : 2:08:43 PM
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quote:
Originally posted by jeff4567
Bob,
Thanks, I figured as much. They do charge the 10% to me. I figure they really couldn't pay my payroll tax and give me 100%. I guess 10% is a fair figure
quote:
Originally posted by 1003s.com
quote:
Originally posted by jeff4567
Bob,
You clearly have a deep understanding of Net Branches. It seems like all of the 100% branches have a payroll/admin fee. Is 10% pretty typical for this fee?
quote:
Originally posted by 1003s.com
quote:
Originally posted by dcg123
What the easiest way to contact you?
By phone, Monday to Friday 9AM-6PM CST
Jeff,
with most of the branches I recruit, the actual costs for the employer payroll
tax, ETC. are charged to the branch. An admin fee of 10% might be higher
or lower than actual costs depending on the state and the profit level
of the branch.
Jeff,
I recruit in some volume for a company that does biz in PA, next time I have their owner
on the phone, I will ask him about actual PA payroll costs. He does a 10% ADMIN fee
also, and I know he gains a little in some places and loses a little in others,
with that kind of structure. |
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jeff4567
1607 Posts |
Posted - 01/31/2008 : 2:11:12 PM
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Does the payroll/admin fee cover the taxes that the net bank must pay to the IRS or does it cover something else?
quote:
Originally posted by 1003s.com
[quote:
Originally posted by 1003s.com
quote:
Originally posted by dcg123
What the easiest way to contact you?
By phone, Monday to Friday 9AM-6PM CST
Jeff,
with most of the branches I recruit, the actual costs for the employer payroll
tax, ETC. are charged to the branch. An admin fee of 10% might be higher
or lower than actual costs depending on the state and the profit level
of the branch.
[/quote]
[/quote]
Jeff,
I recruit in some volume for a company that does biz in PA, next time I have their owner
on the phone, I will ask him about actual PA payroll costs. He does a 10% ADMIN fee
also, and I know he gains a little in some places and loses a little in others,
with that kind of structure.
[/quote] |
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1003s.com
4161 Posts |
Posted - 01/31/2008 : 2:22:08 PM
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| FICA,FUTA,SUTA,Workmens COMP. |
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jeff4567
1607 Posts |
Posted - 02/01/2008 : 07:17:55 AM
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Thanks, Bob. You definitely are the "go to" guy on this forum for Net Branching. Your knowledge is much respected. Your help is much appreciated. If I change net branch companies I will go through you.
quote:
Originally posted by 1003s.com
FICA,FUTA,SUTA,Workmens COMP.
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1003s.com
4161 Posts |
Posted - 02/01/2008 : 07:51:33 AM
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quote:
Originally posted by jeff4567
Thanks, Bob. You definitely are the "go to" guy on this forum for Net Branching. Your knowledge is much respected. Your help is much appreciated. If I change net branch companies I will go through you.
quote:
Originally posted by 1003s.com
FICA,FUTA,SUTA,Workmens COMP.
Thanks Jeff, and all the best with what you have going on now. |
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Gilby21
167 Posts |
Posted - 02/05/2008 : 10:28:14 AM
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People do like choices. I would like to get more info on your programs. Also I would like you to clarify the Realtor/FHA issue. I was told that I could own two seperate companies and as long as I personally did not originate the loans or if I was not the Real Estate sales agent on that transaction it would be fine. Are you saying that I was given bad information?
Thank you,
Michael |
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