Thursday, May 31, 2012

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

Wednesday, May 16, 2012

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



Thursday, May 10, 2012

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