Want to fix government? Let's start the Accountability Party

Sheila Bair, the former head of the FDIC wrote an article that recently appeared in Fortune Magazine. She has proposed one of the best ideas we've ever heard to reform the federal government and fix the main problem, the motivation of the members of Congress and the President. It's a democrat's nightmare but taps into the pay for performance philosophy, the same philosophy that a business uses to reward it's employees. If the employees (legislators) do a good job, they reap some extraordinary benefits: If they do a poor job then their compensation is cut. Here's a link to the article:


http://finance.fortune.cnn.com/2012/11/06/congress-pay-performance/

Let us know your thoughts.

...specialty recruiters for the mortgage and banking industry

Need a new career, Call Sam

We're pleased to announce that Sam Ray has become our newest affiliate recruiter at netbranchology.com. Sam has spent most of the past 5 years in various mortgage banking related positions in the mortgage division at Wells Fargo. Sam understands what it means to work at a large institution and the sometimes troubling compromises employees are forced to make. He brings this understanding to his role of helping you find the right employment situation where you can profitably and enjoyably continue your career. 

If you are a mortgage producer, Sam has an assortment of firms that will offer you an entrepreneurially rewarding opportunity that will help you generate maximum fees; Here's an example of one:

 

If you are an experienced underwriter, processor, executive, secondary market sales or have worked in any other role in the mortgage banking industry and are looking to change firms, Sam can help you. Finally, if you are the owner of a small firm that would like to merge with or consolidate its operations into a larger firm or bank, Sam can explore your options with you.

Sam handles placements in the Southeastern US. Contact Sam.

 netbranchology.com, 

specialty recruiters for the mortgage and banking industries. 

Job candidates NEVER pay a fees for our services. Our fees are paid for you by our corporate clients.

Naples    Minneapolis   New Haven    St. Louis    Orlando    Asheville

 

Video Resumes

As job candidates find themselves facing increasing competition for good positions, resourceful candidates look for a competitive advantage or a way to stand out. One suggestion we at netbranchology.com, would make is using a video resume or CV to help you make an impact. Think of it from the employer's, or recruiter's point of view. Hundreds of people sometimes apply for one position. Candidates only have a few seconds to make an impact on the reviewer. After reviewing a stack of resumes watching a video resume is a refreshing change. The recruiter's attention level has been heightened.. Providing a video resume gives a candidate an advantage because it enables her to illustrate to the recruiter some of the characteristics others can only list on a paper resume. For example, a person may describe himself as upbeat and outgoing; On the video their demeanor will be obvious as will the positive effect their enthusiasm generates. Many candidates portray themselves as possessing above-average communication skills. What better way to prove this than to show the recruiter your exemplary skills first hand? How you say something is probably more important than what you say.  We frequently see candidates describe episodes in their prior employment where they implemented an innovative solution to accomplish a goal. This is an informative bit of history but not nearly as effective as using an innovative tool, like a video resume or CV, to convince the recruiter that you have the skills necessary for the job you're seeking. Initiative is another frequently cited attribute in resumes, especially on the managerial level. Initiative usually involves trying new solutions to old problems. When a candidate spends the extra time and effort to create an engaging video resume recruiters will not need to be convinced that they possess initiative;It will be obvious.

Creating a video resume or CV only requires a few steps. Approach it like a job interview. Make it no longer than 2 minutes; Upload it to Youtube. Select the private option.To send it to a a prospective employer just enter the recipient's email address into the share feature. The privacy option prevents public viewing; Only those people who receive your invitation may view it. We, at netbranchology.com, also suggest that you include your social media contact information in an email or in the video. This helps us get an even better appreciation of you and your talents.

One of the techniques we use at netbranchology.com are video job ads.  You can see them here   WATCH VIDEOS
.

We are currently searching for job candidates with skills of all kinds in the mortgage banking industry. If you have experience in this area please contact a recruiter today. 
CONTACT  RECRUITER

netbranchology.com is a specialty recruiter that works with banks and mortgage companies across the country. Job candidates  NEVER pay a fee for our services. Our fees are paid for you by our corporate clients.

netbranchology.com...specialty recruiters for the mortgage and banking industries. 

Naples   Minneapolis   New Haven   Houston   St. Louis   Orlando  Memphis

How to grow your mortgage firm: Consolidations

Despite all of the recent changes in the mortgage banking industry, most banks and mortgage firms still have one goal in focus...increasing production. Although growing your firm branch by branch, LO by LO, (organically) is still a good bet you may not realize that there is a very potent alternative that will increase your firm's production rather quickly without requiring a huge investment. It's done by blending another smaller firm into your operation. We call it a consolidation. Although it resembles a merger or acquisition it is considerably less complicated.  At netbranchology.com, we have a department, the Strategic Consolidations Department,  that works with firms who are searching for companies with which they can consolidate operations. Conversely, we work with companies that want to be absorbed into another larger firm.

Several of the factors that we review when considering a consolidation are:

• the compatibility of cultures of the two companies;
• the marketing platforms
• target markets
• assets to be transferred
• salary package for main players.
• scalability of operations

Typically, the owner of the smaller firm simply winds down his firm, puts any segregated net worth funds into his pocket and orchestrates the hiring of his employees by the new firm. The prior owner usually comes on board as a district or division manager. The existing branches remain in their locations and essentially take down one sign and put up another. In some cases we have even seen the smaller firm keep a name similar to their own or DBA.

There are ways to minimize the problems that transactions like these can generate. At netbranchology.com we put in a lot of effort prior to the transaction to eliminate obvious problems and cultivate a strong foundation for the new relationship. When those inevitable  disagreements do occur, we, at netbranchology.com,  are there to help you iron them out. One mistake that firms make when trouble starts is trying to cast themselves as both negotiator and mediator. This can be a tragic mistake when the parties land at odds about their respective best interests. Sometimes only a trusted third party who knows the surrounding circumstances is the answer, and that's us, netbranchology.com.   Contact one of our representatives in our Strategic Consolidations Department to find out how you can grow your firm by consolidation or blend your firm into a larger bank or mortgage firm.
Click here; INFORMATION

netbranchology.com is a specialty recruiting firm that works with banks and mortgage firms across the country.

Naples   Minneapolis   Orlando   Houston   St. Louis   New Haven

New Underwriting positions available in Charlotte, NC, Columbus, OH, Montvale, NJ and Tampa, FL

One of our corporate clients is in the expansion mode and has asked us to locate 4 very talented residential mortgage underwriters;One in Charlotte, NC, one in Tampa, FL, one in Montvale, NJ and one in Columbus, OH. 

Do you have a  minimum of 3 years residential underwriting experience?

         As the newest  Mortgage Underwriter for this firm you will work in one of these locations  under the supervision of the Underwriting Manager to underwrite residential mortgage files in compliance with the following program guidelines:VA, HUD, GNMA  , FNMA, FHLMC and an assortment of other investors.

Our client, the employer, is a national mortgage bank with market concentration in the Eastern US. It limits it's activity to residential mortgage loans and lends across the entire US.

This is a dynamic position and requires an experienced person with the following capabilities and skills:

• Minimum Experience: 3 years underwriting in residential mortgage lending environment
• Manage approval and condition queue to maintain company quality control standards
• FHA/DE approved and VA LAPP
• Knowledge of investor and GSE guidelines including GNMA, FNMA and FHLMC
• Ability to work well under pressure and meet deadlines
• Knowledge of standard LOS systems
• Above-Average attention to detail
• Team player with a positive attitude; willing to work overtime when requested
• Demonstrated ability to interact respectfully with loan originators to answer underwriting questions and find solutions to customer problems
• BA/BS in related field or industry equivalent experience
• Well-developed analytical and mathematical skills
• Successful history of collaborating with a variety of business partners in the business, legal and technology departments to insure risk management and compliance with relevant regulatory guidelines
• Annual compensation: $60-$80K
• Full benefits package provided

This is an EEO/AA employer; They maintain a drug-free workplace and

1. perform pre-employment substance abuse testing;
2. conduct a criminal background investigation and
3.  conduct a credit history verification.

If you possess the requisite skill set level and have worked in this area for 3 years or more then send your resume  and social media  contact information  to

kevin@netbranchology.com

netbranchology.com is a specialty recruiting firm that works with banks and mortgage firms across the country. Candidates NEVER pay a fee for our services. To see other careers and positions available visit our  Career Website.

Naples     Minneapolis     New Haven   St. Louis     Orlando     Houston

Is the resume dead?

If you've been looking for a job or trying to change careers but aren't getting the attention you think you deserve, get yourself current: The idea of submitting your resume in an effort to land a job is quaint and becoming obsolete.  People in the HR industry are referring to resumes as " the dead-tree summary"; Others call this the post-resume era.  

Recruiting firms, like our firm netbranchology.com along with some employers are adopting a much more thorough approach to assessing job candidates for positions. With the explosion of social media the recruiting process has shifted online and has become much more interesting. A one-dimensional summary of your qualifications is no longer adequate; Today, it is a good idea to email us a summary that includes links to your Facebook page,  Linked-In account, Twitter account, Youtube channel and  blog. We'd like to see links to any articles you've written. Include any other sites with information that will assist us in evaluating your capabilities. If you've spoken in front of an industry group send us the link to the video clip. One of the qualities that almost every recruiter or employer looks for in a job candidates is initiative; There is no better example of initiative than when a job candidate creates a web video of herself explaining why they want the job and how their qualifications will enhance their performance. Another subject we like to see candidates talk about is "What inspires you".  If you'd like us to help you find a position Click Here

 At netbranchology.com  we locate experienced mortgage bankers, brokers, loan originators and branch managers who would like to find a new position with a mortgage firm or bank that offers them a better opportunity than their current firm. When you make it easy for us to review online information about you we get a three-dimensional view of the person that helps us make a better placement. That means less head-aches and increased income for you.

netbranchology.com is a specialty recruiting firm that works with banks and mortgage companies across the country; Job candidates NEVER pay a fee for our services. Our fees are paid for you by our corporate clients.

...specialty recruiters for the mortgage and banking industries...

Naples     Minneapolis     Charlotte     Orlando    New Haven     St. Louis    Houston

Why you should consider a quasi-franchise with an FDIC bank?

Many experienced players in the residential mortgage banking industry are itching  for the opportunity to own their own bank and market mortgage products across the country. One of the hurdles however is that you would need a formidable chunk of net worth to ante in, say $10 million dollars.  Although owning your own bank may seem ambitious, we, at netbranchology.com  are pleased to announce that, even if you don't have a liquid net worth of $10M, it is now within the reach of experienced producers to have all of the benefits of owning your own bank with very few of the headaches. Even guys that have been in the mortgage banking business for decades don't know that you can join an existing FDIC member bank and market mortgage products by opting for what resembles a franchise. You've seen the concept before; you make an initial investment, acquire a turn-key package that facilitates your operation and then pay a fee on most transactions to the main franchisor or home office. Ask one of our recruiters about this bank opportunity. Contact Us.

In the mortgage banking industry the arrangement is quite similar except you don't need to come up with an initial investment to buy the franchise. Instead of making an investment, you demonstrate a successful track record in mortgage production to determine your suitability. Typically, you or your operation must show a consistent record of  at least $3M annual residential mortgage production. Once you satisfy the production requirement applicants must meet several other criteria. For example, you will be asked to submit a pro forma business plan which outlines your expected income and expenses. Past P and L's are a good place to start; Next, your marketing strategy will be analyzed to make sure that a significant portion of your production is purchase business. 

Once accepted you will be required to deposit approximately 2 months operating expenses into a reserve account. These funds remain your property and are used in the event that your expenses exceed your income in any given month.

Other factors to consider are; 

(1) interest rates at a bank are typically 25-50 bps higher than comparable programs at an independent mortgage firm;

(2) There is a more defined corporate chain of command;

(3)  Loan programs are more conservative than independent competitors.

(4)  Highly organized compliance department.

(5)  Rigorous report requirements.

Some of the benefits are:

(1) no state licenses for individuals are required.

(2) your office can close transactions across the country.

(3) excellent group health plan and benefit package.

(4) enhanced credibility as a bank.

(5) Increased financial soundness.

Normally the candidates that succeed with this banking program have worked for large banks before and understand the culture of a bank. 

Do you like this idea? Want to explore the details?  Contact us.

If you have a mortgage firm, whether small, medium or large, and think that your firm could thrive if you convert to this model Contact us to talk about consolidating you firm into the bank. The owner of a larger firm can be given an equity interest in the holding company when they consolidate. Do you have a  mortgage firm that you would like to convert to a bank?  Yes.

netbranchology.com is a specialty mortgage recruiting firm that works with banks and mortgage firms across the country. Job candidates NEVER pay a fee for our services. Our fees are paid for you by our corporate candidates. Our services are not available in the state of New York.

netbranchology.com  specialty recruiters for the mortgage and banking industries...

           Naples   Minneapolis    Charlotte    New Haven    St. Louis    Fort Lauderdale    Houston

Clarence, Our Newest Recruiter

Many banks and mortgage firms across the country have discovered that the easiest way for them to boost production is by using netbranchology.com to help them locate and recruit seasoned mortgage bankers, brokers, branch managers, loan originators and even smaller firms. We are pleased to announce that  in order to maintain our level of service we have just added a new recruiter to cover the Southwestern US. His name is Clarence Meyers. Clarence is a native Texan and a seasoned veteran of the mortgage  and real estate industries. Clarence's involvement in real estate finance goes all the way back to the 1980's. During that time he owned his own mortgage banking firm for 15 years so he understands the challenges facing those who have the entrepreneurial spirit and want to succeed in this mortgage industry. When you talk with him you'll see why Clarence is so enthusiastic about the opportunities available to experienced players. Remember that job candidates NEVER pay a fee for our services; Our fees are paid for you by our corporate clients.



 
Contact Clarence today to see what opportunities he has for you,

 or call him at 832-578-6843.

 netbranchology.com

specialty recruiters for the mortgage and banking industries...

Naples       Minneapolis       Orlando        Charlotte        New Haven        St. Louis        Houston 

How to Earn 700 bps on a transaction

Many mortgage bankers and loan originators entered the mortgage banking industry because it offered them an opportunity to work in a professional environment and earn large fees if they worked hard. Arranging financing for mortgages is a complicated and grueling process but in the end the financial rewards justified the struggle. Recently the Dodd-Frank Act and it's convoluted income restrictions was the first attack on these incentives. Coming up, we see the Consumer Financial Protection Bureau  ( CFPB) laying the groundwork to surgically remove the remaining incentives. We may have a solution for you. One you've probably never thought about.

At netbranchology.com we work with banks and mortgage firms that offer mortgage bankers and  loan originators employment opportunities that reward you for your entrepreneurial acumen. One of the opportunities that you may have missed is the Reverse Mortgage Loan. The main reason that you should be interested is because you can earn up to 700 bps per transaction.. You read it right, $7,000 per $100K funded. In all of the confusion with flat fee requirements, and consumer paid or lender paid fees, this is the single most financially rewarding transaction out there for the motivated residential originator. Click Here for more information about earning 700 bps on one transaction.

Although other firms offer the ability for you to market Reverse Mortgages, only one mortgage firm offers you a platform to earn these premium fees and gives you the support to do so.  Only one firm offers their branch managers the flexibility to run their operation with a great degree of independence. Only one firm will pay you the fees generated within 72 hours of closing. Only one firm offers you an advanced web portal that enables branch managers to pay their bills online; Only one firm has a sophisticated payroll mechanism that automatically calculates and pays your loan officers their fees via direct deposit after closing.  That firm is one of our clients. They have a department dedicated to helping you close these kinds of loans and run your branch with minimum interference. So while you listen to the rest of your originator friends complaining about how their income per transaction has been deteriorating, smile.  We are pleased to say that, with Reverse Mortgage Loans, making your  6 figure income has never been easier. Contact me for more information on the firm offering this opportunity. (Not offered in the state of New York)

netbranchology.com is a specialty recruiting firm that works with banks and mortgage firms across the country. Job candidates NEVER pay a fee for our services. Our fees are paid for you by our corporate clients.

netbranchology.com...specialty recruiters for the mortgage and banking industries.

Naples    Minneapolis     Fort Lauderdale    New Haven    Charlotte     Saint Louis

Incentives and Opportunity

Everyone, whether you're a Democrat, Republican, Libertarian, Independent, TeaDrinker, etc,  seems to agree that for the country to pull itself out of the economic rut, entrepreneurs are going to have to do what they've always done. Since the early 1980's, the residential mortgage industry has fostered and promoted entrepreneurial thinking and innovation. Over the past several years we've seen some stagnation and dislocation while the industry struggled to implement the new regulations. As the smoke clears and the industry stabilizes, we are pleased to report that, once again, incentives and opportunity are alive and well in the mortgage industry. As a recruiting firm, we at netbranchology.com,   track the innovations that various firms are making. Smaller banks and regional mortgage banking firms understand that the way to tap into your entrepreneurial drive is to give producers the opportunity to work at a stable firm that provides incentives for you to close your transactions as smoothly as you can.

Here at netbranchology.com, we work with an assortment of banks and mortgage firms that are looking for mortgage bankers who have an entrepreneurial mindset. While mortgage loan officers at the large banks are  complaining that they are generating more fees but earning less, the produces at these smaller regional shops are starting to smile again as their income grows. While many of the larger mortgage firms are bloated, behind the curve and treating their producers as if they were expendable, the banks and firms with whom we work are offering experienced producers  (1) expanded lending programs, (2) customized marketing assistance, (3) advanced web technology,  (4) payout within 3 days,  (5) full-health packages,  (6) 3 day TART, (7) work from home flexibility, (8) production bonuses, (9) licensing exemptions and (10) equity interest in the firm. 
Contact us to find out what each firm is offering. If you are still in the mortgage industry then you have the heart of an entrepreneur; Incentives and opportunity are what make your heart beat. If you are an experienced mortgage banker, broker, loan officer, originator,  branch manager, production team or  a even small mortgage operation contact us today to find out about the incentives our clients offer. Job candidates NEVER pay a fee for our services; our fees are paid for you by our corporate clients.

 netbranchology.com, specialty recruiters for the mortgage and banking industries.

Naples    Minneapolis     Fort Lauderdale   New Haven    Charlotte

Bank Robbery Dodd-Frank Style

When you hear the phrase " bank robbery" you usually think of the bank as being robbed. But not today. Today it is the banks doing the robbing, in this case, from the loan officers and originators that are generating their mortgage business. Who would have ever thought that the people who are most responsible for originating and closing loans would become the victim of robbery by their own employer, the banks.  They're not using guns like a self-respecting thief would do;  There's no crime scene, no 911 call, and no investigation. Their weapon is a self-serving interpretation of the Dodd-Frank Act.  

At netbranchology.com.  we have been contacted by loan officers and originators that work at several of the major banks and want us to place them with another firm. These people are explaining that even though their production has risen considerably over the past year they are earning less. They explain that their employers, in this case, several of the major banks, are using the skin in the game provision of the Dodd-Frank Act to reduce their earnings and fund the banks contribution for the loans they originate. Now there's a constructive approach; Withhold a significant portion of your employee's income to cover a requirement that has nothing whatsoever to do with the job the loan originator performs. Sounds just like a bank, doesn't it? Worst of all, the bank's policy on paying this money back to the originator in the future is, shall we say, optional. 

 In another case, an experienced mortgage banker reports that his employer, another major bank, now uses technology that deducts penalty fees from his earnings in the event the underwriter or processor doesn't do their job within  time constraints dictated by the new regulations.  His regional manager explained that the originator is part of a team and that originators must  accept the limitations of the people on the team. When the regional manager was asked if the processor and underwriter paid a portion of the penalty, he replied, "No, they're salaried, but it does affect their bonus".  Peculiar, don't you think?  During a sales meeting designed to motivate the bank's originators, the same regional manager asked his assembled group of originators what suggestions they had to help improve their morale and increase their production. Curiouser and curiouser...

If you are a victim of this kind of robbery consider working for a mortgage firm that doesn't treat you like the enemy. At netbranchology.com, we work with an assortment of banks and mortgage companies with employment programs that will help you close more loans and earn more income for yourself. You will have maximum freedom to grow your business the way you want.  Close the kinds of deals you like; Work with the people you choose. HIre your own processors. One of our corporate clients even offers an equity interest in the firm for qualified candidates. Contact one of our recruiters today to discuss the details of your situation. 

 When it comes to your success,

we take it personally.

netbranchology.com...  specialty recruiters for the mortgage and banking industries. Job candidates NEVER pay a fee for our services; Our fees are paid for you by our corporate clients.

 

...specialty recruiters for the mortgage and banking industries...

Naples   Minneapolis   Fort Lauderdale   New Haven   Charlotte

Contact Us to Avoid the Pinocchio Treatment

As the mortgage markets regain their momentum, experienced bankers, brokers, loan officers and branch managers have once again begun searching for better employment options. One of the most lucrative options available is the mortgage branch program. This employment format offers experienced producers the opportunity to run their own operation with a maximum of independence and the opportunity to earn a strong 6 figure income. One of the problems you may encounter as you search for a mortgage branch program can begin with the person you speak to at the mortgage firm offering the opportunity. Maybe you've met him or someone like him.You may not realize that this person isn't really concerned with whether their firm has the features and programs you want.  Their job is to sell you on their program...and so the fibbing begins. Perhaps you've met this guy and heard some of the fibs...

.

"We're not licensed in that state yet but we should be by the time we are...", or how about this one: "We guarantee you the largest payout of any firm in the industry" that is "...until we start deducting the fees we haven't told you about..".

When you hear fibs like these contact us right away otherwise you're going to end up like this.

Save yourself a lot of money and aggravation. At netbranchology.com  we'll help you sort through the various mortgage branch programs that are available and help you make the best choice. We'll give you the whole story about the  mortgage firms we discuss. No firm is perfect but it sure makes it lot easier when you know the problems you're going to face and you've adjusted for them.

 Contact us for the whole story. netbtranchology.com is a specialty mortgage recruiting firm that works with banks and mortgage firms across the country. One of our recruiters will interview you at length to find out all of the details about you and your business. All of our recruiters have been producers so they understand the issues that concern you. They also know that you want to avoid making a change only to find that you got the Pinocchio treatment.  By the way, candidates NEVER pay a fee for our service; Our fees are paid for you by our corporate clients.

When it come to your success,

we take it personally.

netbranchology.com ...specialty recruiters for the mortgage and banking industries

Naples       Minneapolis        Fort Lauderdale        Charlotte        New Haven

The Dodd-Frankenstein Act

We thought that this article from the National Mortgage Professional illustrates some insights into why this well-intentioned piece of legislation is wreaking havoc in the mortgage industry. 

House Financial Services Committee Launches Tool to Track Dodd-Frank Act Changes





Looking for a position in the mortgage industry? Click Here.

Job candidates NEVER pay a fee for our services. Our fees are paid for you by our corporate clients. What are you waiting for?

Netbranchology.com Specialty recruiters for the mortgage and banking industry

                          Naples    Minneapolis   Fort Lauderdale    New Haven   Charlotte