Are you working for peanuts?

We have heard complaints from many experienced mortgage bankers that their employers  have drastically cut back on the compensation they are receiving for their production.  Frequently, these firms use the excuse that the Dodd-Frank Act somehow requires that loan officers be paid less. The large banks, particularly, have parlayed this ruse into millions of dollars of more bonuses for upper management.  When asked for an explanation of why loan officers should be required to do more work, comply with more regulations, assume more liability and attend more continuing education classes for less money, their managers offer the disingenuous explanation that " it's just part of the new order in the mortgage industry"...  "Oh yes, by the way,  you're limited to working 40 hours per week"... What they are really doing is pulling an old trick: Using their bargaining power and your fear of change to pay less money for more work.  Sophisticated players who should know better are acquiescing because they think they have no alternative. At netbranchology.com we work with an assortment of banks and mortgage companies that offer you several alternatives. We help our client firms locate experienced mortgage bankers who would like to settle back into a compensation arrangement that rewards them handsomely for their effort and offers them an entrepreneurial environment in which they can thrive. Earning more compensation for the transactions you close is just part of the solution. Overall, the producers who work at these firms are much happier in their employment because they find they have re-discovered the reason they entered the mortgage business in the first place.  If you want to keep working for peanuts then join the circus... Otherwise contact Kevin Miller today; kevin@netbranchology.com  Visit our website  netbranchology.com

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

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