To find the opportunity best suited to your needs we recruit for several net branch providers.
Below are benefits offered by one of our net branch providers.
Opportunity #1
No Set Up Fee, $500 – flat fee per file no monthly fee.
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.
This program has a great technology platform.
Pick your own LOS.
AR,CA,,FL,IA,IL,IN,KS,MI,MO,NM,TN,TX,WA,WI
States where 1099 is an option = FL,WA,KS,MO,IA,TX
Branches can use a registered DBA with this program in all states except IL.
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
Branches, so they can do FHA loans, as it allows them to retain the name, they spent
Time, effort, and money establishing.
Opportunity #2
$500- flat fee per file no set up fee
CA,CO,FL,IL,IN,ID,MI,MO,MN,NC,NM,NY,NJ,OH,OR,PA,SC,TN,,WI,WY
OH,IN,NJ=Banker only
SC First MTG only.
MD- need branch on the ground for license approval
Licenses Pending: AL,AZ,LA,MA,NV,VA,WA
(This company will consider going into any other state
where someone wants to open a commercial branch office.)
Conventional, FHA, VA
It is your choice you can either close loans A-C on
the banker side or broker out your entire pipeline.
Branches must close a MIN of 2-3 files per month.
Monthly E&O fee $100-$300 - varies with volume.
If you want to banker your loans, the padding is real thin.
We are not recruiting branches located in NY for this
program.
Opportunity #3
$495- per file on loans in your home state.
AK,AZ,,CA,CO,,FL,HI,ID,IN,IL,MD,MO,NM,NC,NV,OR,TN,TX,UT,VA,WA,WY
(They will consider offering a flat monthly fee of $1750- for up to
20 loans per month. The fee starts over again every 20 loans.)*** Subject to approval
of all equity partners.***
More states are pending.
No Monthly fee
No Set up Fee
1099 where allowed
CONV loan fees can be paid to a registered DBA.
CONV, FHA
In some cases branches could be paid on a DBA
Opportunity #4
$750 Flat fee per file / No Set up fee , No monthly fee.
AK,CA,CO,CT,FL,IN,KY,MA,NJ,NY,OR,PA,RI,VT,WV
States pending:Arkansas
Michigan
Tennessee
Delaware
Georgia
Texas
North Carolina
Ohio
Virginia
Maryland
Montana- Need a person there
Nevada- Need a person there
CONV, FHA, VA,
Broker all your loans or banker your choice.
Opportunity #5
This is a good opportunity for someone who wants to banker most of their loans.
The branches get 100% of the rate sheet price with no fee per file or per month
Branches are able to broker out loans however this program is really not geared for that. They offer marketing support and the strength of a company that has been around a long time.
AL,AK,AZ,AR,CA,CO,CT,FL,GA,HI,IN,KS,KY,LA,MD,MI,MN,MS,MO,MT,NV,NM,NC,OH,OK,SC,TX,VA,WI,WY
For more information call Bob at 630-724-1470
Email: bob@1003s.com