Are you a producing Loan Originator looking for a better place to originate? Would you like access to more products and better rates for your clients? Would you like to choose your own compensation level to better reflect your place in today's market? If so, you should consider making a change. With branches in California, Hawaii and Nevada, Cornerstone Mortgage is hiring loan originators that want to improve their production and earn more. Take a look below at what we have to offer and if you think we might be a good fit, let us know.
Here is what we have to offer:
Variable Compensation. Your place in your market is different from your competition. Perhaps you want to be the "cheapest guy in town" with the lowest rates. Perhaps you are the industry expert that everyone wants to work with and you want to be compensated as such. Perhaps you don't have the referral base that you want and want to be able to offer lower rates while you regain the market share you lost to competitors with more products or cheaper rates. Whatever your reason, having the ability to choose your own compensation rate is an amazing benefit to working with Cornerstone Mortgage.
To understand how this works, you just need a quick lesson on how a company's rates are established. First, every mortgage company gets its wholesale terms from its investors. Some companies have one investor and others, like ours, have 20+. When the investor is selected, usually by best pricing, the company adds it margin to the base rate. To that rate, the Loan Originator's margin is added. What you have after that is the rate the Loan Originator has to sell.
If you compete on terms alone, then you may want to set your compensation rate on the lower end of the scale to make sure the rates you offer are always the lowest rates. If you, are not looking to compete at that level, you may want to earn more for doing the same work and you may want to select a higher compensation rate. Whatever you decide, those terms will be locked in on a quarterly basis and thus you can control the rates you sell and the compensation you earn.
Lowest Rates. We deploy a pricing engine that allows our Loan Originators to instantly price all of their loans with all of our investors. Every quarter, we shop all known investors nationwide to make sure we are partnered with the best priced investors. By shopping to obtain the lowest wholesale money and by keeping our margin low, we give our Loan Originators the best chance at offering the lowest terms of any lender in the marketplace. Our Loan Originators choose what investor they want the loan sold to and under what terms. By giving our Loan Originators control, we put them in charge of their own success.
In addition to our compensation and pricing model, we offer:
- Advanced Technology:
- A Robust Automated CRM.
- Mobility with Cloud-based LOS, IP Phones and More.
- Co-Brandable Mobile Ap
- Health Benefits
If you are a productive Loan Originator looking to make a change, we want to talk with you. Contact us at firstname.lastname@example.org or call us!