This industry is ever-changing, and it is getting almost impossible to succeed as a mortgage broker. Between the new HUD rules on disclosure of rebate and the new rules of using a standardized GFE, is there any benefit of not aligning yourself with a Mortgage Bank and giving up all of that unneccessary liablility?
OUR LOAN OFFICERS ENJOY THE HIGHEST COMMISSION SPLITS IN THE INDUSTRY. AS A W2 EMPLOYEE, YOU WILL EARN A MINUMUM OF 80% ON YOUR COMMISSIONS.
-1ST Loan funded in calendar month is at 80%, every other loan funded in the same calendar month is 90% to the loan originator!
-Commission splits will be paid on origination and yield spread premium, as a Mortgage Banc, yield spread does not have to be disclosed on the HUD1!
OUR SERVICE IS 2ND TO NONE!
-4-6 hour turn time for your approvals! (don’t continue to wait 3-5 days for an approval)
-U/W are on staff Monday-Saturday (they answer their phones)
-You will no longer have to process your loans, our processing staff is awesome, this will allow you more time to originate loans.
-Typical closings are 20-31days from start to finish!
TOOLS FOR YOUR TOOLBOX
-L&G Mortgage Banc is a full eagle FHA delegated lender. We underwrite, close and fund all FHA products.
-In addition to FHA, we fund Conventional, Jumbo, VA, USDA, Reverse Mortgage, FHA 203K, MFA just to name a few! In fact, if a mortgage broker has a niche product- we have it too!
-We can approve more loans. Minimal credit overlays.
-Wholesale rates! Our loan officers need to be competitive!
BONUS
-L&G will pay overrides on other loan officer’s you refer to the company!
-L&G pays half of your FICA, giving you an additional 7.65% raise
-Eliminate the overhead of license fees, bond, office space, FHA audits, etc.
-Access to company 401K, health insurance and other benefits.
-Licensed in AZ, CA, CO, NM, TX, NV, and UT, and we are adding more states weekly.
If you are interested in seeking employment with L&G Mortgage Banc, email your resume to:
Chad Okun
Territory Manager
L&G Mortgage Banc
cokun@lgmortgagebanc.com
