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| Topic: | Branch Opportunity List | TP-225 | ||
| Keyword: | Mortgage Branching | |||
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| 1003s.com | Email | Contact | Postings | Edit | CT52206 |
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Opportunity #1
No Set Up Fee, $500 – flat fee per file no monthly fee. Raw banker pricing, no padding from 5 well known lenders, Taylor, Bean & Whitaker Flagstar DK Funding West America SunTrust for CONV, and FHA loans. They are also set up to broker loans to provident. As well as many other lenders 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 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 AZ, CA, CO, FL, IL, IN, ID, MA, MI, MD, MO, MO, MN, NC, NM, NY, NJ, OH, OR, PA, SC, TN, UT, VA, WA, WI, WY OH, IN, NJ=Banker only SC First MTG only. Licenses Pending: AL, LA, MA, 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 NATL City Mortgage 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. ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ _ Opportunity #3 No licensing or REG Requirements. Volume Based branch pricing In the following states AL, CO, DE, FL, GA, IA, IL, IN, KY, LA, MI, MO, MS, MN, NE, NC, NV, OH, OR, PA, SC, SD, TX, VA, WA FHA in: Illinois, Michigan, Indiana, Missouri, Kentucky / Only All loans Are brokered no padded rates. 30 plus units per month $600- flat fee per file. 20 plus units per month $700- flat fee per file. 10 plus units per month $800- flat fee per file 0 plus units per month $900- flat fee per file 10% ADMIN fee and no subtraction for employers part of the FICA, FUTA, SUTA, and Workmens COMP. Requirements Clean Credit Commercial office location MIN 5 years experience Branches must have tax returns, YTD PNL Reports, ETC To evidence a minimum of 10 closed loans per month. $5000- Branch Reserve Required. Application fee $100- branch manager and $30- each LO Commercial space required ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ Opportunity #4 $750 Flat fee per file / No Set up fee , No monthly fee. AK, CA, CO, CT, FL, GA, IL, IN, KY, MA, NC, NJ, NY, OR, PA, RI, VT, WV States pending: Arkansas Michigan Tennessee Delaware 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 $950- flat fee per file. CONV, FHA, VA All loans brokered no padded rates. CA, CT, FL, GA, MA, MD, NY, PA, WV, VA To qualify branch manager must have a 2007 with 85K or more on it. Branches must close a MIN of 7 files per month. All w2 employees, ALL actual expenses for FICA, FUTA, SUTA , And workmen’s COMP will be charged to the branches P&L. ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ Opportunity #7 VLO opportunity / Work from Home. All loans brokered, No Padded rates FHA Manual Underwriting with 6 lenders CA, CT, FL, GA, MA, MD, NY, PA, WV, VA $1750- flat fee per file includes processing. CONV, FHA, VA ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ _ Opportunity #8 FED Charter This is a banker opportunity 2.5 million MIN per month required. ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ Opportunity #9 $1500- Flat monthly fee CONV, FHA, VA Licensed States AL, AR, CA, CO, CT, DE, DOC, FL, GA, HI, ID, IL, IN, IA, KS, KY, MA, MD, MI, MN, MO, MS, NJ, NM, NY, ND, OH, OR, PA, SC, SD, TN, VT, VA, WA, WV, WI 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 $1495- Flat Monthly fee, monthly accounting fee of $149 = 1644 CONV, Non CONV, FHA, - Reverse Mortgages, VA, Rural Development. Licensed States. AL#1, AR#2, CA#3, CO#4, CT#5, DE#6 , FL#7, GA#8, IA#9, IL#10, IN#11, KY#12, LA#13, MA#14. MD#15, MI#16, MN#17, MS#18, NM#19, 0H#20, OR#21, TN#22, TX#23, WV#24 MO#25 RI#26 UT#27 Watch this list grow! Several more states are pending. Large Lender List. Other Costs $7- per week for each employee covers fees do to outside payroll Company. $7 per employee, per week Fee which covers all payroll related fees from Paychex® (payroll provider), the set up and monthly hosting fee for a personalized website and the set up and monthly usage of Encompass® (TFF’s Loan Origination software). Pay is once per week Pay Method: W2 Getting Started: Application fee is $99- non- Refundable. This covers all Background checks. Security for you to know were hiring Quality Partners Set up fee : $400 includes LOS - Encompass Registration, labor law posters, $400 of this setup cost is used to provide you with the necessary branch start up material needed: Licenses, charm booklets, all labor law posters, Brochures, Folders, Letterhead & Envelopes, Encompass registration, this all comes in Logo Leather Brief case etc… $1644- per month Flat fee includes monthly accounting fee of $149- $1495 plus $149 = $1644 $1895 = Total Amount due upon branch approval. For Flat Monthly Program. $1495 covers first month. ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ___ 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 This opportunity is on hold, until furthur notice. 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 ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ #24 CA, DRE's offsite 1099 LO opportunity Flat fee $646 per file process your own loans over 60 lenders. ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ __ #25 This is an offsite LO opprortunity for a subsidiary of a state chartered bank. LO's must be experienced. License exempt in over 25 states. CONV, and FHA products included. ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ _ #26 $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 1003s.com bob@1003s.com |
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