4. There is a better solution, become an L&G Team Member! L&G Mortgagebanc opens the door to a whole new way of originating more loans and building your own business without the risk and capital normally required.
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10. Build your business under the MPower Umbrella… In essence when you join our team you benefit by being part of a syndicate of like minded entrepreneurial loan officers who enjoy the economies of scale of a large group such as better pricing, as well as a unique marketing program called MPower which will enable you to build your own business without any risk!
11. Programs and Guidelines Full selection of loan programs (including all FHA programs) all underwritten by creative, flexible, make sense underwriters. Competitive Rates!
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13. Knock the sox off the competition with our quick approvals and closings time Same day loan approval and closings in as quick as 10 days on most loans!
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16. Traditional Mortgage Broker L&G Mortgagebanc Rates Competitive Competitive Programs Good Variety Good Variety L/O Fees Back end plus Origination Fees Back end plus Origination Fees Residual Income Stream No Yes Support No Yes Marketing Plan No Yes
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18. $72,000 + $38.400 + $38,800 = $149,200 1 year income Expectations: Each Loan Officer funds an average of 2 loans per month Each Part Time L/O funds an average of 1 Loan per month A 1 year Snapshot Loan Officer 24 Loans x $3,000 = $72,000 2/month 3 Full Time L/O’s 12 Loans ex. x 3 L/O’s (36) x $400 = $14,400 (1/2 of assumptions) 10 Part Time L/O’s 6 Loans ea. x 10 L/O’s (60) x $400 = $24,000 (1/2 of assumptions) 9 Full Time L/O’s 12 Loans ex. x 9 L/O’s (108) x $100 = $10,800 (1/2 of assumptions) 30 Part Time L/O’ s 6 Loans ea. x 30 L/O’s (180) x $100 = $18,000 (1/2 of assumptions)