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LoanOfficer.com Program - Recommended
for individual home based loan
officer or financial services agent.
For years, the goal of opening their own offices has been unattainable
for many capable loan officers, brokers and originators. Many
don’t have the financial net worth required by their home
states. For others, opening their own offices just seems like
too great of a financial and professional risk. LoanOfficer.com
is committed to solving these problems for loan professionals
across the country with their premium commission system.
Our method of paying you is very simple. Assuming all documentation
is in order, we pay you 70% or 75% of all fees you charge and
receive including commissions, rebates and yield spread, etc.
We pay you as a W-2 employee every Friday. Unlike many other companies,
we will be responsible for paying our companys matching portion
of the payroll taxes (which is over 10%). Completed files and
commission checks are sent to headquarters for payroll processing.
We do require you to charge a $395.00 fee on the HUD-1 settlement
sheet that will not be included in your commissionable income.
If the lender or state regulation does not permit a separate fee
on the HUD-1 settlement sheet, we request that the fee be included
on top of the fees you charge.
In addition to the aggressive structure listed above, virtually
all of our current loan officers take advantage of our recruiting
override/bonus that can dramatically increase your income. We
will pay you 5% on all the commissions generated from a loan officer
referred by you and hired by LoanOfficer.com. Do you know any
loan officers who would benefit from our extraordinary program?
Referring them to us will provide a recurring revenue stream for
you.
With this aggressive commission structure combined with our outstanding
service, it is easy to understand why LoanOfficer.com is one of
the most aggressive and fastest growing mortgage companies in
the industry.
DONT BE FOOLED BY COMPANIES PROMISING
100%!!!
Other company example:
| $2,000.00 |
in
total fees |
| $250.00 |
Payroll
Tax Charge (12.5%) |
| $100.00 |
E
& O Charge |
| $500.00 |
NetBranch
Fee |
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In addition, many other companies charge
a Quality Control/Audit/Review fee of $100.00 per file. Also remember
that other companies require you to pay for all costs of licensing
& bonding. In Maryland, for example, this costs almost $2,000.00!
HUD branch fee... we pay for that too! Other companies may require
you to put up a large reserve account fee. Not us!
Our example:
| $2,000.00 |
in total
fees |
| 395.00 |
Charge as
separate HUD-1 fee |
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