Discussions about and comments on the latest opportunities available for experienced mortgage bankers.
Tuesday, October 8, 2013
Friday, September 27, 2013
A New Way To Generate Clients & Establish Contacts
Every now and then a new idea comes along to help us solve old problems.
In the mortgage industry everyone uses the same methods to generate clients and make new contacts. What if you could generate new clients and make new contacts and have fun doing it? You can, by using our new tabletop game.
The Mortgage Game takes you on a real-world ride through the ups and downs of the high-finance mortgage world. The idea, like any good capitalistic endeavor, is to survive the pitfalls of the market, earn the most money, become the CEO, stay out of jail and retire wealthy. Most people are curious about all that money that people in the finance world earn but have no clue how they do it. We're rolling out a new table-top board game that will let players experience for themselves what happens. The game has a few elements that resemble monopoly but you'll find it different from anything you've ever played before. People who are fascinated by high-finance will enjoy this game as it gives the player a real-world ride through the ups and downs of the mortgage finance world. Novice players can't help but have their capitalistic urges stoked. It's designed for 2 to 4 adult players.
Although the main goal of the game is to relax and have fun, people in the mortgage industry and related vendors can use it to get their name out to generate clients and establish new contacts. You can do this by getting your name, logo or even your picture in the game.
For example, you can have your logo inserted on certain game squares:
Or, Have your picture inserted on game Notes:
or have your company name appear on Loan certificates:
You can even have your personal name on a Las Vegas Game Card:
Just hand out a version of the game to your clients and contacts. It's a unique marketing tool. Participating entitles you to appear in 500 games.
You can look over the game here: https://www.facebook.com/themortgagegame
We're just getting the production of the game set-up so email us with your questions at
richard@netbranchology.com
PLAY THE GAME
Friday, June 7, 2013
Keep It Simple; Hire DE/LAPP Underwriters on a Contract Basis!
Netbranchology.com can help you solve the problem of having highly qualified DE underwriters available when you need them without actually hiring them as employees. Hiring DE/LAPP Underwriters on a contract basis has some valuable advantages for your bank or mortgage firm. Firstly, it gives you the flexibility of only paying for the work that you need when you need it so it's more economical than hiring a permanent employee. Second, you don't have to expend the resources to hire a long term employee for a short term project; We handle background searches and prequalify the underwriter. Third, since the underwriter is our employee not yours you are not responsible for payroll, benefits,, bonuses, sick days, 2 week notice, etc. You can, in effect, audition the underwriter to determine if they would be a good long term fit for your operation. We handle all of the details for you. If you find that the underwriter is someone who would be an excellent addition to your staff, you may hire them as a permanent employee. If you're not using this kind of contract employment arrangement you are paying too much.
You can hire contract underwriters for on-site work or on a remote basis; we handle both. Call us today when loan volume exceeds your underwriting capability. We can provide processors too.
netbranchology.com. is a specialty recruiting firm that works with banks and financial firms across the country. Job candidates NEVER pay a fee for our services.
netbranchology.com...specialty recruiting for the mortgage and banking industries...
You can hire contract underwriters for on-site work or on a remote basis; we handle both. Call us today when loan volume exceeds your underwriting capability. We can provide processors too.
netbranchology.com. is a specialty recruiting firm that works with banks and financial firms across the country. Job candidates NEVER pay a fee for our services.
netbranchology.com...specialty recruiting for the mortgage and banking industries...
Wednesday, March 20, 2013
After FNMA and Freddie Mac; US philosophy on mortgage Lending
We came across the attached white paper that was released by the US treasury in 2011. If you are confounded as to why the US government is trying to implement the policies you are hearing about, or if the new regulations handed down by the CFPB seem counter-productive or if you're baffled as to what their overall objective is this paper should clear up some of your confusion. It's the blueprint they've devised for your future. Take a deep breath before you read it.
http://www.treasury.gov/initiatives/documents/reforming%20america%27s%20housing%20finance%20market.pdf
Looking for an opportunity to boost your mortgage banking career? One of our clients is a state chartered bank that expands by setting up a JV with experienced mortgage bankers. Reap all of the benefits of working with a bank, like exemptions from licensing and enhanced credibility, while having the flexibility to run your operation in your own particular style. Contact Kevin Miller today at kevin@netbranchology.com to discuss how this might work for you or call him at 612-839-5290.
http://www.treasury.gov/initiatives/documents/reforming%20america%27s%20housing%20finance%20market.pdf
Looking for an opportunity to boost your mortgage banking career? One of our clients is a state chartered bank that expands by setting up a JV with experienced mortgage bankers. Reap all of the benefits of working with a bank, like exemptions from licensing and enhanced credibility, while having the flexibility to run your operation in your own particular style. Contact Kevin Miller today at kevin@netbranchology.com to discuss how this might work for you or call him at 612-839-5290.
netbranchology.com...specialty Recruiters for the mortgage and banking industries...
Tuesday, November 6, 2012
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
Thursday, August 30, 2012
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.
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.
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.
Thursday, August 23, 2012
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.
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
Monday, August 20, 2012
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
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
Thursday, July 19, 2012
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
- perform pre-employment substance abuse testing;
- conduct a criminal background investigation and
- 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
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
Wednesday, July 11, 2012
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
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
Thursday, July 5, 2012
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
Thursday, June 28, 2012
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.
Contact Clarence today to see what opportunities he has for you,
or call him at 832-578-6843.
specialty recruiters for the mortgage and banking industries...
Naples Minneapolis Orlando Charlotte New Haven St. Louis Houston
Tuesday, June 19, 2012
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)
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
Thursday, May 31, 2012
Incentives and Opportunity
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
.
"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
Subscribe to:
Posts (Atom)






















