Topic: Off Site Exempt LO's see # 8 TP-953
Keyword: Employment Forum Index
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  1003s.com Corporation | Email | Contact | Postings | Edit | CT441412 03/30/2009 6:10 PM
Opportunity #1

No Set Up Fee, $500 – flat fee per file no monthly fee.

Raw banker pricing, no padding from with:

CITI
Taylor, Bean & Whitaker
Flagstar
1st Advantage Mortage / fka :DK Funding
SunTrust

FHA Approved with :
American Financial Resources
American Southwest Mortgage Corp vv
Birmingham Bancorp Mortgage Corp
Classic Home Financial
EverBank
First Guaranty Mortgage Corp
Florida Capital Bank Mortgage
Liberty Mortgage
Nations Direct Mortgage
PMAC
Plaza Home Mortgage, Inc.
Polaris Home Funding Corporation
ReverseIt
Senderra
Sun West Mortgage Company, Inc
Universal Mortgage Corporation


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, NE, NM, OK, SC, TN, TX, WI

States where 1099 is an option =KS, MO,

Branches can use a registered DBA with this program in all states except,

IA, IL, NE, SC

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

AL, CA, CO, FL, IA, IL, IN, ID, LA, MD, MO, NE, MN, NM,
NJ, OH, OR, PA, TN, VA, WA, WI, WY


Conventional, FHA, VA


Branches must close a MIN of 2-3 files per month.

Monthly E&O fee & MISC = $150-


Branch managers last 2 years w2’s should average a MIN of 50K

Stable Employment history required.

Good Credit Required


No new branches are being recruited in: CA, MD, or IL




Opportunity #3


DE, FL, GA, IL, KY, MA, ME, MO, MD, MI, NM, NJ, NH, PA, RI, SC, TN, VA, VT,

This opportunity is geared for branches and LO’s that want to banker loans.

Off site LO’s must show 50K average income the past 24 months.

Branches must have pipe line reports or other data to support

5 plus closings per month.

They have a full eagle.


note: this opportunity does note cover Reverse Mortgage loans.

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Opportunity #4

$495- per file plus / 149 per mo accounting fee /MIN 1 file per month

Or

$1495- Flat Monthly fee, monthly accounting fee of $149 = 1644

Branches can switch between options with 30 days notice.

CONV, Non CONV, FHA, - Reverse Mortgages, VA, Rural Development.

DBA’ s will be considered on a case by case basis.

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 WA, 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 only opportunity


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#6


Licensed in : LA, and MS

CONV, FHA VA,

For LO's:

$800- Flat fee per file, includes processing. All loans are brokered,

no padded rates.

For commercial branch office locations:

$1200 flat fee per month

Up to 15 closed files per month and $100 for each file over 15 per month.

branches with-out their own “approved processor”,

will pay $350- per file for corporate office processing.

A potential approved processor would be an experienced processor,

that is __not an LO and is a w2 employee of the company working

at the branch location.


IE, ___not a contract loan processor.




#7 Off Site LO’s


$500- flat fee per file no set up fee

Plus

$575- for required corporate office processing.

Licensed in the following states:

AL, CA, CO, FL, IA, IL, IN, ID, LA, MD, MO, NB, MN, NM,
NJ, OH, OR, PA, TN, VA, WA, WI


No LO’s are being recruited in: CA, MD, or IL

Conventional, FHA, VA

It is your choice you can either close loans on

the banker side or broker out your entire pipeline.


Monthly E&O fee $100-

Opportunity #8


Work From Home Loan originator program:

No licensing or REG Requirements In the following states:

WI**, ** WI is the only state that requires Loan Originator to be licensed in WI to originate.

FHA Approved (Over 20 FHA Lenders) // VA Approved // Reverse Mortgages

No start-costs for Originators, Approval Process : 24-48 Hrs

**** No Hidden Fees or Padded Rates (True Investor Rate Sheet Pricing) ****

Commissions (All Origination, YSP/SRP - $695 Administration Fee -$450 Processing & -35 Courier Fees
Monthly Fee $500, 10% ADMIN fee and no subtraction for employers part of the FICA, FUTA, SUTA, and Workmens COMP.)

Aggressive Team Building Structure (Earn Overrides)

Realtor Program (Hire Realtors as Jr. Loan Officers)

SB1167 Exempt (IL Exemption Certificate)




Opportunity #9

Work From Home Loan originator program:

No licensing or REG Requirements In the following states:

AK, AL, AR, CA, CO, DE, FL, GA, IL, IN, IA, KY, LA, MI, MN, MS, MO, NE, NV, NC, OH, OR, PA, SC, SD, TX,
VA, WI**, ** WI is the only state that requires Loan Originator to be licensed in WI to originate.

FHA Approved (Over 20 FHA Lenders) // VA Approved // Reverse Mortgages

No start-costs for Originators, Approval Process : 24-48 Hrs

**** No Hidden Fees or Padded Rates (True Investor Rate Sheet Pricing) ****

Commissions (75% All Origination, YSP/SRP - $695 Administration Fee -$450 Processing & -35 Courier Fees
No subtraction for employers part of the FICA, FUTA, SUTA, and Workmens COMP.)

Aggressive Team Building Structure (Earn Overrides)

Realtor Program (Hire Realtors as Jr. Loan Officers)

SB1167 Exempt (IL Exemption Certificate)




Opportunity #10

WAREHOUSE LINES IN PLACE NOW TO FUND UNLIMITED VOLUME.
Full Eagle (application pending BUT CAN BANK ALL LOANS RIGHT NOW!) .
For LO’s and branches that average over 1 million per month,
BANKER PRICING $1MM+ AVERAGE:
Banker loan pricing will be Actual Correspondent RateSheet minus .375 % PLUS $1095 Lender Retained Fees
BROKER PRICING $1MM+ AVERAGE:
Broker loan pricing will be Actual Broker RateSheet minus .375 % PLUS $395 as the Lender Retained Fee plus END Investor Fees
BANKER PRICING LESS THAN $1MM AVERAGE:
Banker loan pricing will be Actual Correspondent RateSheet minus .625 % PLUS $1095 Lender Retained Fees
BROKER PRICING LESS THAN $1MM AVERAGE:
Broker loan pricing will be Actual Broker RateSheet minus .625 % PLUS $395 as the Lender Retai ned Fee plus END Investor Fees
Loans may be processed by an approved contract processor.
LO’s closing only a file or 2 per month will be required to have all their loans processed at the corporate office at a cost of $500- per file PLUS LENDER/INVESTOR RETAINED FEES.



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We Recruit for several
Quality Net Branch Providers.

Net Branch Opportunities.

1003s.com Corporation

Call Bob 630-724-1470

Email bob@1003s.com


http://www.1003s.com

EOE







We recruit for several
Quality Net Branch Providers.

Net Branch Opportunities.

1003s.com Corporation

bob@1003s.com

PH:630-724-1470

http://www.1003s.com

EOE
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