Mortgage Loan Officer's Opportunity
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Work From Home as a W-2 Employee
Bring Your Own Business and Reap the Rewards !
The more business you generate yourself, the more money you will make, plain and simple. We know that the majority of aLoan Officer�s business is by word-of-mouth, andwe offer a commission scale that directly rewards your self-generated business efforts.
With our opportunity, you're a full fledged W-2 employee with benefit package AND a commission structure which offers AMAZING rewards for performance.
Tools we offer:
- We give you 10 free leads when you become one of our Virtual Loan Officers. Close at least 1 lead and get 10 more. FREE !
- Multi-State Lending with no licensing requirements in over 43 states.
- Individual 800 number.
- Voice Mail.
- Individual Fax Number.
- Access to your clients and files from ANY Internet connection, 24/7
- Pipeline Manager - Access Pipeline, Fax, Files, eMail from one location.
- Paperless Document Manager System.
- Employee Benefits.
- Hundreds of lenders and loan products.
- Account Manager to assist you with loan selection.
Commission Structure:
| Loan Source | W-2 Commission |
| Loans by Loan Officer Generated Leads. | 70% |
| Loans generated by Leads we give you for FREE. (your option) | 35% |
| Loans generated by EXCLUSIVE Leads You Purchase from us at Full price. (your option) | 70% |
| Loans generated by EXCLUSIVE Leads You Purchase from us at Discount. (your option) | 50% |
In addition to our highly rewarding commission structure, we pride ourselves in paying our Virtual Loan Agents (VLAs) promptly and without hassle as soon as final funding on closed loans is received. No waiting until the end of the month! Our virtual atmosphere allows for effortless commission requests and trouble-free payouts.
HAVE
RECRUITING TALENT - NOW GET PAID FOR IT !
DOWNLINE OVERRIDES
- Make the Most of Your Relationships.
We firmly believe in unlimited earning potential and the ability of people to delegate and recruit. Our earning model is based on the ability of loan advisors to convert leads into loan, and their ability to recruit a �downline�of loan advisors, permitting capable managers to maximize their earning potential and build regional origination cells.
For example, an advisor can recruit five Level I reports who in turn can recruit five Level II reports. The original seed advisor would then receive 4% commission override on all Level I recruits and 3% commission on all Level II recruits. The following table illustrates the earning potential for both the single advisor and one that has recruited five cells with five advisors each.
|
SingleLoan Advisor |
Recruited Sales Force
5 x 5 cell of 30 people 5 Level I - 25 Level II |
Total Scenario Compensation Potential |
| Average Loan Fee | $3,200 | $3,200 | |
| Total Monthly Production | 5 loans - $16000 | $480,000 | |
| Commissions | 35% -70% | 0% | |
| Downline Override | 4% level I and 3% level II | ||
| Monthly Commissions | $5,600- $11,200 | $15,200 - | $20,800 - $26,400 |
| Annual Compensation | $67,200 - $134,400 | $182,400 | $249,600 - $316,800 |
Of course results are based performance and this scenario is for example only. But, based on the example above, it is easy to see that even a modest success with the program has the potential to generate significant income. This unique earning model rewards sales capability while encouraging active recruiting and building of compact, agile teams.
Ready to apply? Here's the rest of the story you need to know BEFORE you apply. We keep our lead flow and high commission by avoiding "hires" who unknown to us, do not intend to produce at least 2 -3 loans per month.
We do this by requiring the applicant to bear the cost of his own investigation AND when hired, to pay for his own software access. Here are your total costs:
