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The Mortgage Millionaire is designed to draw you into an interview between ghost-writer and mortgage trainer. This method allows you to relax and eavesdrop on the conversation, opening up your mind and allowing for creative thought. As the interview progresses, deeper and more creative ideas are discussed, offering the kind of help most loan officers never get. This kind of intuitive training is rare. The Mortgage Millionaire attempts to bridge the gap between the industry and this rare look at real world, experience-based, training. It is a must read for anyone wishing to better their sales ability and closing production.
JobsForLoanOfficers.com presents:
The Ultimate Mortgage Career
And The Best Payoff Acceleration Program
A Winning Combination that can make you a tremendous amount of money, while giving clients a whole new level of service.
The ultimate mortgage career is with Gateway Mortgage Group, Based in Tulsa, Oklahoma. Earn a 100% split while offering great rates. Loan Officers across the country agree. The Gateway Mortgage Group business model is second to none. You can choose your own processor, work from home or an office, and offer FHA and many other programs. We have multiple options for a changing work force. Our online LOS system is our latest innovation. You can access and work on files from any computer with internet access, from anywhere in the world!
With Gateway Mortgage Group, you call the shots. You get the business, use our banker or broker channel at 100% split, and manage your own P&L. All of this with our guidance and help, when you need it. If you’re a little rusty about some of the processes, we can help. You are never alone unless you choose to be.
"A seasoned Gateway branch manager is among the most competent in the industry. Our company, by its very nature, produces some of the nation’s top mortgage professionals. I refer to a career with Gateway as graduation for loan officers. When you come to us with basic mortgage skills you quickly learn the process and become much more than an average producer, while earning a great living. It’s like being paid to get your masters or doctorate degree. You'll master lead sourcing and cultivation, application interview techniques, program investigation and placement of your clients into the best possible scenario, dealing with our in-house underwriting team or choosing a niche lender from our list, and following up with a compliant loan package for payroll. The company pretty much does all of the tedious things you don’t want to do. They take care of payroll, auditing, housing the files, compliance, educational updates, etc. You can plug in and be a big part of things at Gateway or you can work more alone. You can recruit, train, and manage loan officers or you can stay independent. You have a big hand in how your career develops. It’s all up to you."
See GatewayBranch.com and then call me for an interview.
Highlights:
In-House Products
- Government FHA & VA (manual underwrites accepted)
- Conventional Fannie Mae and Freddie Mac
- Rural Development USDA products
- Reverse Mortgages
- Alt-A bank statement programs
BROKER PRODUCTS
We are currently set up to Broker Products to other Lenders!! This means we can originate and close just about every product out there.
COMPENSATION
Gateway Mortgage Group extends 100% commissions on Banked as well as Brokered loans. Our Branch Partners are charged a per loan fee based on schedule below.
NEED TO INSERT THE IN NETWORK/OUT OF NETWORK FEE SCHEDULE HERE
In Network Lenders are:
Gateway Mortgage Group LLC
Out of Network Lenders are:
Any other lender we currently have set up.
There are no other hidden charges or additional fees. Here is an example.
Based on funding a total of 1 loan for the month on the In Network
You Collect:
Origination/Mortgage Broker Fee = $1400.00
Processing Fee = $350.00
Application Fee = $250.00
Yield Spread Premium = $2800.00
The total fees that you collected are $4,800.00. Gateway would assess a transaction fee of $399.00. You keep the rest. That means that on a loan where you made $4,800.00; we paid you $4,800.00 and deducted a transaction fee of $399.00, which leaves you with $4,401.00.
This $399.00 covers our overhead costs such as accounting, monthly audits for compliance, licensing, etc. We are able to keep our fees low because of the large amount of volume our branch partners produce.
If this deal was your 11th funded loan for the month on In Network you would only pay 199.00 per loan which means this deal would have paid you 4631.00!
Based on funding a total of 1 loan for the month on the Out of Network
You Collect:
Origination/Mortgage Broker Fee = $1400.00
Processing Fee = $350.00
Application Fee = $250.00
Yield Spread Premium = $2800.00
The total fees that you collected are $4,800.00. Gateway would assess a transaction fee of $699.00. You keep the rest. That means that on a loan where you made $4,800.00; we paid you $4,830.00 and deducted a transaction fee of $699.00, which leaves you with $4,101.00.
This $699.00 covers our overhead costs such as accounting, monthly audits for compliance, licensing, etc. We are able to keep our fees low because of the large amount of volume our branch partners produce.
If this deal was your 11th funded loan for the month on Out of Network you would only pay $399.00 per loan which means this deal would have paid you $4431.00!
See a basic comparison between Gateway Mortgage Group and most other mortgage career opportunities to see how we stack up.
For more information and/or to view comparisons Click Here.
The best payoff acceleration program can make you thousands and save your clients tens of thousands of dollars. It's also the Ultimate Prospecting Tool. You can use it to attract new clients, or as a way to get back in touch with your old database. Learn more by contacting me at mortgagerecruiter@sbcglobal.net. You can use it and make money with or without Gateway. Even with or without any mortgage job. You can make it a career all its own! Don't be skeptical like I was. I wasted way too much time being that way. This concept is proven and has been used for years right under our noses. Email me right away and I'll tell you about it.
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