Reduced Fee Mortgage (and our DBA, Veteran's 1st Home Loans) is a quickly growing company who is taking our Loan Originators to the next level.
The ownership and upper management know exactly what it takes to be a top producing loan originator and have the platform for you to climb quickly to the next level, whether you are doing $20,000,000 a year or $50,000,000 a year right now.
RFM's workflow and support systems are dialed in on every level to help propel your loan origination career fast forward.
Here are just a few reasons why RFM LO's have a distinct advantage over other companies:
- Your rates won't be beaten
- More financing solutions for your clients (Every product under the sun)
- Commission splits that are unreal (you keep all the revenue minus a nominal flat fee per file)
- Choose your Investor/Underwriter and change mid transaction if you want to
RFM PRODUCT ADVANTAGES (just to name a few)
- RFM DPA– Down payment assistance programs (100% financing) that the client doesn't pay back!
- Bank Statement Programs to 90% LTV (for self-employed)
- FHA and VA down to a 500 score
- Stated Loans to $3,000,000
- Jumbo rates that are unbelievable
- NO DOC Programs (for investors) to buy or refi up to 20 rental properties (even for 5-8 unit properties!)
- Reverse Mortgages (for refi or purchase)
- Construction “One Time Close”
- JUMBO's for Non-Permanent Residents up to 90% LTV up to $1.5M Loan Amount!
- If there is a product we don't have, we will get it for you! Just ask.
- Loan Partners that collect all of your documents and move your loan to processing for you
- Dedicated Disclosure desk that registers, locks and discloses all of your loans
- Dedicated Account Executive Support to help you with anything and everything
- Dedicated Underwriting hotline for fast, real-time underwriting answers
- Marketing support
- Systems support
- Training Videos on everything you ever wanted to see
- Lender/Scenario support
- Human Resources support
- Payroll/Accounting support
- On-boarding support
NEXT LEVEL COACHING
- High level weekly coaching (free of charge to our LO's) to help you hit levels you never thought possible
- Learn from some of the top LO's in the business (one of our coaches closed 952 loans for $321,000,000 last year)
- Team building coaching and hiring resources (we will literally help you add the right people to your team to close more loans without working more hours).
COMPENSATION THAT CAN'T BE TOUCHED
- Insane Loan Officer Commission Splits (avg is 237+ basis points per transaction on 2.75 LPC)
- Branch Manager opportunities with a full P&L
- Retirement Revenue – Continues after you retire from RFM
- Fully automated marketing to consumers
- Fully automated marketing to referral partners
- Fully automated processing (speeds to make your head spin)
- Full integration with online portals and Day 1 Certainty
- Turn-Key websites and online applications ready to go
- Full suite of turn-key platforms, marketing & support ready Day 1
- Fully integrated and fully automated CRM systems
- Custom Videos and Flyers ready Day 1
- Entire suite of social media marketing platforms
- So many things to discuss here… let’s schedule a Zoom meeting!
PROCESSING LIKE YOU'VE NEVER SEEN BEFORE
- True A-Z processing (submit at purchase contract and forget it – your team handles the rest)
- You no longer have to chase down your documents or conditions
- Processors and Loan Partners are COMMISSIONED ONLY and based on speed (they are motivated)
- Fully automated processing systems that dramatically speed up the process
- Fully automated processing systems that keep you and your partners in the loop 24/7
ARE YOU READY TO STOP DOING THESE THINGS?
- Stop losing deals to rates (your customers are leaving even if they don’t tell you)
- Stop turning down clients that could have qualified if you had the right programs
- Stop saying no to self-employed clients that cannot show tax returns
- Stop saying no to clients down to a 500 credit score
- Stop tolerating subpar performance from your Underwriters and Processors (through the refi boom we still had 1 DAY turn times!)
- Generating new business and referral partners (we coach heavily to help you with this)
- Pre Qualifying clients
- Product/Guideline knowledge and familiarity
- Structuring Loans to best serve your client's financial needs
QUALIFICATIONS AND SKILLS
- Must be a licensed MLO with NMLS.
- Medical (multiple plans to choose from)
- Residual Income Opportunities
- Legal Service
- Work remotely