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LOjobHelp.com. Help when you need it most. Scott Smith Loan Officer Recruiter. Carl White Over all Nice Guy. Who should be listening?. Anyone!! You never know… Company closed it’s doors Company is downsizing Company changed it’s policies You are moving Your values don’t mesh
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LOjobHelp.com Help when you need it most Scott Smith Loan Officer Recruiter Carl White Over all Nice Guy
Who should be listening? • Anyone!! You never know… • Company closed it’s doors • Company is downsizing • Company changed it’s policies • You are moving • Your values don’t mesh • You need more support • You have friends/colleagues that are looking
You’ve made the decision…Now What? • Things that you should look for in a branching company • Things you should avoid when looking at a branching company
LOjobHelp.comWhat to look for • Their ability to Bank or Broker loans • What niches they serve? • What loans do they write? • Are they primarily a Banker?
LOjobHelp.comWhat to look for • Their neighborhood watch data • Their FHA scorecard • Their reputation in the industry – call local branches and get feedback and references
LOjobHelp.comWhat to look for • Company Questions: • What are their loan ratios – conventional vs FHA • How many originations do they produce? • How many originators do they have? • How many locations do they serve? • What states are they licensed in? • When were they established?
LOjobHelp.comWhat to look for • Are they cutting edge? • Do they have a good marketing presence? • Are they online? • Do they participate in Social Media? • Do they keep up with the times?
LOjobHelp.comWhat to look for • What type of Infrastructure do they have? • Do they have operations that have stood the test of time? • How is their underwriting, warehouse lines, accounting, HR department, and closing system • Do they have benefits? • Are they control freaks?
LOjobHelp.comWhat to look for • Pricing • Do they get the best pricing? • Do they go to bat for you?
LOjobHelp.comWhat to look for • The Truth – Are they who they say they are? Will they do what they say? • Does it sound to good to be true? • Is this a bait and switch?
LOjobHelp.comWhat to avoid • Companies that ask for upfront money
LOjobHelp.comWhat to avoid • Companies that only broker FHA and not Banking
LOjobHelp.comWhat to avoid • Companies with restrictive compensation plans • Companies with non-compliant compensation plans • Companies with long term pay periods
LOjobHelp.comWhat to avoid • Companies with little or no support • Companies that don’t have scheduled trainings