Direct Lender in need of experienced Loan Officers! Apply today!!
- Company of about 50 people.
- Correspondent banking institution/“direct lender” But also very affluent in brokering loans.
- Want to accommodate all borrowers and happy to broker nontraditional loans.
- W-2 only company and we are looking for proven producers.
- Company differentiates because they have the ability to provide leads and also provide a more completive pay than the local larger W-2 companies like Quicken, Freedom, and Wells Fargo and most importantly their rates are much better.
- We have comp plans that vary based on whether or not someone would like a base pay and commission/ Draw and commission/ or straight commission. The latter have higher tiered structures.
- Open to a base pay/ or draw but will want to see they have the ability to Price, sell, and structure a loan. Will also need proof that the LO has qualifying experience and prior commission pay
- Compensation averages 75 basis points on house deals (non self-generated) and 125 basis points on self-generated transactions