FED Charter and Hybrid Net Branches.
We offer Net Branch opportunities with a FED Charter as well as many other branch providers. Some Net Branch providers offer certain programs exclusively through 1003s.com. A couple of our hybrid monthly fee/ flat fee programs fit into that category. We also offer some work from home opportunities with very strong pay outs.
Below are some of our opportunities:
Opportunity #1
FED Charter
Required Monthly Production is 3 million per month.
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Opportunity #2)
If you are looking for low start up costs and have or will open a physical office within 6 months this might be a good opportunity for you. Monthly volume should be over 700K and not all sub-prime business.
Banker Status
In-house Products include:FHA,VA,CONV,ALT A, Sub-prime
Aggressive rates
Marketing support
The Net Branch is licensed in the following states:
AL,AK,AZ,AR,CA,CO,CN,FL,GA,HI,IN,KS,KN,MD,MI,MN,MS ,MO,MT,NV,NM,NC,OH,OK,SC,TX,VA,WI,WY
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Opportunity #3
Low Start up costs, low per file 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.
CA,CO,FL,IA,IL,IN,KS,MO,NM,TX,WA
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Opportunity #4
This program is very cost effective.
$295- flat fee per file plus $225- monthly FEE.
AK,CA,CO,CT,FL,MA,ME,MD,MN,NJ,NY, PA,VA,WY
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Opportunity #5
This Opportunity is cost effective and does not require the branch manager to have good credit.
2 options
Month Fee $450- and $300- file
Or
$ 150 monthly fee and $500 per file.
IL,IN,MI,FL
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Opportunity #6
$595 flat fee per file on all brokered loans
This program has a great technology plat form
$75 monthly fee to branch
CONV, FHA,VA
AK,AZ,AL,CA,CO,CT,FL,GA,IA,ID,,IL,IN,MD,MI,MN,MS,N M,NV,OR,
SC,SD,TN,TX,VA,WA,UT
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Opportunity #7
This is great opportunity for an established branch
The company offers a, low flat fee per file program that decreases as the branches volume increases.
CONV, FHA,VA
Branches mainly broker loans out with this program.
AK,CA,CO,FL,GA,IL,IN,IA,KS,KN,MI,MN,MO,OH,TN,WI,WY
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Opportunity #8
This is a great program for branches that go through production swings,
Fee is $585- per file for the 1st 3 files per month.
Files 4 through 10 the branch closes that month at no fee.
All loans are brokered / No Padded rate pressure here
The lender list is very long.
Payroll is direct deposit every Friday.
CA, FL, VA, MD, GA, CO, MI, MN, MA, NM and CT
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Opportunity #9
Option( 1) Hybrid Monthly fee/fee per file program.
$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
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Opportunity #10
This program is pending management approval.
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,
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Off Site LO Opportunity #1
*********** license Exempt in the following states ************:
CO, DE, FL ,GA, IA, IL, IN, LA, MS, NC, OH,OR, SC, SD,TX, VA
The up sides / No licensing or REG Requirements.
No Padded Rates / All aloans are brokered
Quality control is so strong,lenders really
want to deal with with this Subsidiary
Whatever Commission Split is agreed to already covers
the employers part of the FICA, FUTA, SUTA, and
Workmens COMP. No Charge for credit pulls- subject
to change or limitations. Set up is fast and Cheap.
No Monthly Charges.
The down sides / Nothing is for free - I would not use the word cheap
with regard to fees with this opportunity.
LO,'s Working From home are not allowed to process
their own files.
No GOVY
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Off Site LO Opportunity #2
$790 Per File includes Processing as LO's working
from home are not allowed to process their own files.
Please Note: Regardless of what state you are from
15% will be subtracted from gross pay to cover the FICA, FUTA,SUTA
Workmens COMP.
You also will be have a monthly charge of $225- This will need to be paid even if you close no loans.
AK,CA,CO,CT,FL,MA,ME,MD,MN,NJ,NY, PA,VA,WY
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Off Site LO Opportunity #3
$990- per file and 90% Commission before the employers part of the FICA, FUTA, SUTA,Workmens Comp is Subtracted.
$75 monthly fee is due from LO, regardless of production.
The above is all for brokered loans, fees would be lower on the bankered programs./ NO Right of 1st refusal.
The above includes processing as offsite LO's are not allowed to process their own files.
CONV, FHA,VA
AK,AZ,AL,CA,CO,CT,FL,GA,IA,ID,,IL,IN,MD,MI,MN,MS,N M,NV,OR,
SC,SD,TN,TX,VA,WA,UT
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We expect to have another off site LO program very soon that will allow off site LO's to process their own files.
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Some of our Net Branch opportunities allow for work from home while
others do not.
Please call us for details.
Please note while we may recruit for some branch providers that offer
1099 opportunities, we do not endorse 1099 payment plans and special
care should be taken be anyone considering 1099 opportunities.
"Not to be construed as legal advice just my own unverified opinion"
Call Bob
PH: 630-724-1470
email:
Bob@1003s.com
WEB:http//www.1003s.com
EOE
