Loan Officer NetworX was created to service Insurance agents,
loan officers, and other financial professionals who want that extra
“edge.” The edge that we offer helps individuals to become more fully
rounded financial professionals, while offering the lucrative services of
being a loan officer, in addition to being a Insurance Agent Agent.
Your association with Loan Officer NetworX can
substantially increase your income by offering home loan services
yourself instead of referring it out to another person.
Loan Officer
NetworX
has announced two significant mortgage-marketing innovationsthat are delivering “an industry changing event”, increasing
income potential for anyone in (or considering entering) the mortgage
origination profession.
Being
Insurance Agent
professionals you are
exposed to all of your client’s
financial background and needs. Many Insurance Agent professionals are looking at Loan Officer
NetworX as avenue to servicing the mortgage needs for their clients and
increasing their potential income. Just as in the Insurance Agent industry,
our company has an
easy to use internet based software system that makes
you an expert in the mortgage business without special
licensing requirements or an
extensive education process. You can
be doing both residential and commercial loans in a matter of
hours using our system. With our system you can have approved residential
loans completely submitted in less than 20 minutes;
all paperless and with no headaches.
Virtual Loan Officer
Our system
searches over 3000 different loans for you allowing you to get
fully
underwritten loan approvals in less than a minute. Our system gives
you the control
to improve the pricing for your client and the profits to you at the same
time, all with real time approvals in a minute. We process and close the
loans for you, that way you get faster closings and earn more.
Most
Insurance Agent
professionals
nationwide who are in the loan business do not search lenders in the
sub-prime market. This segment of the industry is relationship based and
a loan file will normally be submitted to one lender at a time with the
expectation that they will be able to close the loan promptly. Most lenders
do not get back to you in a timely manner so most brokers focus on A-Paper.
This reason is why most Insurance
Agent professionals do
not enter the loanarena.
Insurance Agent
professionals think it is
complicated and can cause problems with service.
Not anymore!
Our system, the ONLY one like it in the industry, has the ability to
do all that work for you and automates it. No paperwork. No calculators. No
complicated rate sheets.
We offer an all-paperless business for the agent. It’s a sub-prime
lending machine as
well as an A-paper
lending system. We offer FREE or low cost training with the trainers
that
the industry has to offer. We offer many things, far too many to mention
here.
MEGA BROKER
COMMISSION SYSTEM
As you review
the Mega
Broker Commission Systemplease
keep in mind that we are calculating the compensation earned by any loan
originator in our system with significant changes from the standard loan
officer contract offered by mortgage brokers nationwide.
WHAT A DIFFERENCE
THESE CHANGES MAKE
Traditionally,
a mortgage broker will hire a new loan officer or Insurance Agent professional
based on their experience and existing loan volume (if any). The standard
split may start at 50% and go up to usually a cap of 80% of the origination
fee and yield spread.
Once well trained it
is also possible for a loan officer to negotiate a 100% net branch contract,
as many associates have done
in the traditional system, thus making them
competition instead
of remaining
under their chain of command.
Just like in
the Insurance Agent business…
A
loan officer or
Insurance Agent professionals has
no incentive to introduce other producing professionals to the broker,
because if they do recruit other professionals, the broker gets the
commission split from each new recruit not the introducing loan
officer or Insurance Agent
professional. There is
no payoff to that person. In addition, brokers traditionally have very
little incentive to train loan
officers or Insurance Agent professionals
to be top producers. To do so means they will probably leave the broker and
become brokers themselves, or
they will
go get
a 100% contract with a net branch. Instead of working
together toward a common goal eachindividual
is looking out for “their own” interests. In many cases they become your
competition.
What good does that do for
you and your company?
These problems are
eliminated with our compensationplan.We promote our
loan officers based on the number of loans they are responsible for closing,
both directly and indirectly.
This is done through the process of direct and relational recruiting of
other professionals into your network.
Example: If
an associate that you at your company signs up with us closes
2 mortgages per month and recruits 5 additional loan originators or Insurance Agent professionals
to your company with the same 2 loan
volume each, we credit this managing loan originator for the true loan
volume for which he is responsible.
In this
example the agent has 2 personal + 10 indirect for a total of 12 mortgage
closes per month in their NetworX. He would be earning a 70% personal
contract with us. And since the five loan originators in this example would
be at a 50% contract, he would receive the spread between his contract and
each of theirs, in this case it would be 20%. So he would receive a 20%
commission on their closes, providing him with a nice base income.
As his base
income continues to grow, it just might motivate the new associates to
become managers and build their NetworX, which would also increase your
base. You in turn would get a 10% to 30% spread on all earnings from most of
your associates and you have no training to do, no payroll problems.
No more
worrying that your marketing program will be in the hands of others instead
of a lender
who knows YOUR business inside and out like we do.
Top Commission and
overrides on Loan Agents you introduce to Loan
Officer NetworX!
Go Direct and Be The Best .
Imagine the power of a system that enables loan originators to instantly find
the best loan program and pricing for their borrowers. Now the LON offers this advantage to Brokers and other originators who can now easily obtain
instant pre-approvals AND risk-adjusted pricing for their borrowers from their
own computers, at their own leisure, within minutes - even while their borrowers
are still completing the application.
Once you have access to our web
based automated underwriting and our one-minute scenario and pricing
system you will not go anywhere else. You will
become the Best LO with our technology.
LON has
successfully hired Financial Planners, Insurance Agencies, Realtors and Mortgage
Brokers who
represent 1000's of LO's nationwide because of this software. It allows any
professional like Life, Health, and P&C Insurance Brokers, Realtors, CPAs
and
Financial Planners to offer mortgage solutions to their clients and significant
additional commissions to them without them having to learn everything about
mortgages.
Thank you for visiting our website.
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