FAQ's

Question: What is a Loan Agent?

A loan agent is a person who helps clients locate money to borrow and assist them with achieving their objectives in a safe and secure way.

How does a loan agent differ from going to a bank direct?

Most banks only look at client’s situation in black and white. What they don’t do is look for the best product and terms out there for the client, as they can’t search 100 different banks, but you as a loan agent can. As I am sure you have heard or experienced in the past banks tend to lend money to people who don’t want or need it and that is where you come in.

What does a loan agent do exactly?

A loan agent works to solve problems for borrowers. Whether they need cash, lower  payments or they need a new loan for a purchase. With the way the mortgage business is changing there is even a bigger need than ever for independent loan agents that can come help select what the borrowers are looking for to secure there biggest investment.

Once you and your inside account representative come up with the right program for your client our loan processors will take it from their and contact your client to get the paper work started, at this point all you have to do is monitor the status of the loan and keep your client in formed.

What is a loan processor?

The loan processor compiles all of the necessary documentation to get your clients loan funded.

How do I become trained to be a Loan Agent?

Our unique PRICE and SCENARIO program allows you to submit a potential scenario with no experience at all so you can start making money right away. In the mean time we support you with materials to help educate you and we will be offering on line tutorials as well.

What kind of products can I offer?

You will have ability to offer an array of services: 3,5,7,10,15,30 year fixed rate loans, interest only loans and the neg am loans ,option arm loans or pick a pay loans as they are commonly called as well.

How do I make money?

The commission structure is based on the loan amount. We pay you ½ a point on the loan amount : Example  $300,000 loan would pay $1500.00.

Can I make more than ½ a point on a transaction? YES

Let your inside account rep know that you would like to earn a little more income on the loan by charging an origination fee up front(better know as points).