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Chicagoland's Premier Mortgage Banker
2002 and 2003 - Freddie Mac's largest direct seller nationwide - Corporate Accounts Division
Does your company provide you the tools you need to have a successful career as a loan officer? If you are working for a bank, or a small mortgage broker, the answer is probably "No." The chart below shows why successful originators at true Mortgage Banking firms have a competitive advantage in today's market.
Checklist for the successful originator |
| Best Pricing
Brokers have multiple sources, but don't get the same rates as mortgage bankers. Banks have limited sources, and are only competitive when the bank wants to get "aggressive". Only mortgage bankers have access to the best rates. At PMP, loan officers lock directly with Freddie Mac.
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NO |
YES |
NO |
| Product Variety
Access to multiple lenders. Banks have a very limited product menu. Brokers have multiple sources, but are restricted to "wholesale lenders." Mortgage bankers have access to the most sources.
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YES
(but limited) |
YES |
NO |
| Loan closes in Company's name
With a mortgage broker, the loan doesn't close in your company's name, and the Yield Spread Premium is always on the HUD.
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NO |
YES |
YES |
| Company provides funds at closing
Banks and Mortgage Bankers never wait at closing for a wire from someone else.
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NO |
YES |
YES |
| Full-time IT department
What your IT department delivers to you is now more important than ever. See below to see what our IT department can do for you.
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NO |
YES |
YES |
| Full time Marketing department |
NO |
YES |
NO |
| Loan Officers see the end-lender's rates and prices
Commission structure is irrelevant if your company only shows you an "In-House" rate sheet. Are you seeing what your company actually makes on every loan?
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YES |
YES |
NO |
As you prepare for an extremely competitive mortgage market, consider making a move to Chicagoland's premier Mortgage Banker, Professional Mortgage Partners, ("PMP"). We are looking for a few experienced loan officers to take our tools to market. Some of the best reasons to join us are:
- Pricing: Most brokers claim to have access to the best rates. The reality is, there is a whole world of Correspondent Lenders that mortgage brokers can't work with. At PMP, you will see all the rate-sheets of our end lenders, so there is no hidden margin. We not only sell directly to Freddie Mac, we have been their largest "Corporate Accounts" Seller in the country for the last 2 years. Our LO's lock directly with Freddie Mac.
- Technology: PMP technology includes:
- A custom web site for your realtors that allows their customers to search the MLS. You get all the leads. (Click here to see a demo).
- An in-house Intranet where you can view daily rates-sheets, lender underwriting guides, loan app documents and more.
- All closed files are scanned, so if you ever need a document from an old file you can pull it up immediately on the web.
- eFax: Each loan officer gets his/her own eFax account. If your faxes still come in on a paper fax machine, you're losing time everyday.
- Give your customers and realtors loan status online: (Click here for a demo)
- Experience: Four of our loan officers closed over $100MM last year. Three of our Loan Officers were ranked in the nations Top 200 Originators by Mortgage Originator Magazine last year. We have the experience and staff to get you to that level if you're hungry enough to learn. Our staff closed over $1 Billion in loan volume last year.
- Product: We deal with several Alt-A conduits and portfolio lenders that only a Mortgage Banker can deal with. (If you're with a broker now, you will never have access to this product.)
- Marketing: Our marketing materials are available on our in-house website. You select marketing from the menu, and our staff will get it ready for you.
Click Here to See Our Office Locations
If you've been a successful loan officer for at least 3 years, and successfully closed at least $20 MM last year, consider joining Chicagoland's most dynamic group originators. For a confidential interview contact Barton Pitts at 630-598-2315 or email your resume to careers@promortgagepartners.com. (Or fax resume to 630-214-5716).
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