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Missouri Mortgage Broker Career Opportunities
On August 10, 1821 Missouri became the 24th state in the USA. What date
will you become a Southwest Funding branch?
With the Real Estate Settlement Procedures Act (RESPA)
reform and field compliance issues burgeoning, the flight to the "banking" side
of the industry is accelerating. Many Mortgage Brokers and individual Loan
Officers are opening retail branch offices with Southwest Funding. There are
distinct reasons why.
Here are some of the benefits:
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A Turnkey Solution: Overnight, smaller brokerages
can level the playing field with larger banks. The broker can still continue as
an entrepreneur while gaining the firepower of the larger mortgage bank -
Southwest Funding, without the bureaucracy - it's the best of both worlds.
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Multi-State Licensing: Securing state mortgage licenses
independently takes a broker many months and thousands of dollars. Southwest
Funding on the other hand, already has these licenses in place. This affords a
broker an expanded universe of homeowners to serve.
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100% Commissions: Many experienced Loan Officers in brokerages,
banks and credit unions earn only 35% - 75% of their originated yields. The
difference in income to a brokerage or Loan Officer can be dramatic!
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Compliance: Increasingly, mortgage brokers express that they're
sleeping uneasily because of compliance pressures. Southwest Funding has
compliance experts on staff to ensure that not only are file flows compliant and
quality-assured but also that individual Loan Officer and branch licenses are
current and maintained. We also ensure that all advertising pieces are compliant
in terms of equal housing, annual percentage rates (APR's), licensing and state
disclosures.
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Nondisclosure of YSP's: Not having to disclose yield spread
premiums is a major advantage of Southwest Funding versus strictly brokering.
But, unlike most mortgage bankers, Southwest Funding still allows you to broker
as many loans as you would like to our vast approved wholesale lender list, even
on FHA loans!
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Direct-Lender Status: Everyone likes to deal with a "direct
lender." This is true of borrowers and of referral partners.
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Broad Product Offerings: With an expansive approved wholesale
lender list and complete in house product offerings, you will never lose a deal
to another lender because of a product or program. There is no "first right of
refusal" on any loan, you choose the lender each and every time. We offer FHA,
VA, USDA, FNMA, FHMLC and portfolio products that many smaller brokers do not
have the capability to do.
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Accounting and Support Services: Our accounting department takes
the back-office load off of you. This frees time for you to do what you do best
- originate.
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Technology: Loans can be registered
and locked online, conditions can be cleared and pipelines monitored around the
clock. We are paperless. Our employee resource center has everything you need to
be successful. Marketing support, Operations, Compliance, Message Board, Email,
Loan Central and much more.
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Missouri Retail Mortage Branch
Opportunities are available now. Get started by giving us a call at 877-878-8989
or let us know how to contact you at
Apply Now
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