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,SC,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.
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Opportunity #2)
$500- flat fee per file no set up fee
AZ,CA,CO,FL,IL,IN,ID,LA,MA,MI,MD,,MO,MN,NC,NM,NY,N J,OH,OR,PA,SC,TN,UT,VA,
OH,IN,NJ=Banker only
SC First MTG only.
Licenses Pending: AL,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
Flagstar
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.
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Opportunity #3
CA,CO,CT,DE,FL,GA,IL,KY,MA,MO,MD,MI,NM,NJ,NH,PA,RI ,TN,VA,VT,
This opportunity is geared for branches and LO’s that want to banker loans.
FHA loans must close on the banker side, as they have a full eagle.
Other loans can be brokered. Processing is done at the corporate office.
They are running about 72 hours for FHA underwriting.
For all small branches, and VLO’ s / $595- processing fee.
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Opportunity #4
$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, AZ#3,CA#4, CO#5, CT#6, DE#7 ,FL#8, GA#9, IA#10,
IL#11, IN#12, KY#13, LA#14, MA#15. MD#16, MI#17, MN#18,
MO#19 MS#20, NM#21, 0H#22, OR#23, RI#24 SC#25 TN#26, TX#27,
UT#28 WI#29 WV#30
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…
CORP, volume prices on lead purchases.
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Opportunity #5
FED Charter
This is banker opportunity
2.5 million MIN per month required.
Average loan amount must be over 225K
Clean Business, A paper and GOV
Solid applicants only, must have established office
Solid credit, cash reserves, ETC.
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Opportunity #6
$950- flat fee per file. CONV, FHA,VA
Banker or broker, Padding, on the banker rates is very reasonable.
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.
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Opportunity #7
VLO opportunity / Work from Home.
Broker only / No padded Rates.
CA,CT,FL,GA,MA,MD,NY,PA,WV,VA
$1750- flat fee per file includes processing. CONV, FHA,VA
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Opportunity #8
No licensing or REG Requirements.
Volume Based branch pricing
In the following states
nAL,CO,DE,FL,GA,IA,IL,IN,KY,LA,MI,MO,MS,MN,NE,NC,N V,OH,OR,PA,SC,SD,TX,VA,WA
FHA in: Illinois, Michigan, Indiana, Missouri, Kentucky / Only
All loans Are brokered no padded rates.
COMP Plan varies with Volume.
Opportunity #9
COMP plan may vary per state.
AZ,CA,CO,FL,IL,IN,ID,LA,MA,MI,MD,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,,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.
MIN of 2-3 files per month.
Monthly E&O fee $100
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
No Offsite LO’s in the following states:
NC,IL,MD, NY,and AZ,branches.
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Opportunity #10
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 FIC
A, 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
We recruit for several
Quality Net Branch Providers.
Net Branch Opportunities.
1003s.com Corporation
Call Bob 630-724-1470
Email
bob@1003s.com 1003s.com - Net Branch Opportunities
EOE
