Licensed Loan Officer

ARE YOU a Producing Loan Officer who is looking to increase your earnings? Receive lead generation assistance? Sales & Marketing assistance? Tired of only working with 1 lenders rates?

Here at GoRascal, we pay extremely high commission splits to our Mortgage Loan Originators with 250 – 275bps per unit/loan (No hidden fees)! Within Our growing team of MLOs, the average Loan Officer produces 2.5 loans per month with the assistance of our Sales support team & lender partners.

Why join GoRascal?

• 100% commission flat fee model with no padding on wholesale rates and discounted pricing from our top lenders
• Great wholesale pricing with Key Account status from UWM and other leading lenders
• Team building opportunity to receive long-term residual income
• No origination or lender fees to our clients
• Fast turn times, our average file is clear to close in 15 calendar days or less
• 46 States Licensed including NEW YORK... Currently adding more...
• Complete onboarding training, online and in-person including paid hotel and airfare for Success Track Training
• Inside support forums to get your questions answered
• Weekly webinars on various sales and training topics
• 401K, Medical, DAILY Direct Deposit>This Means EVERYDAY IS PAYDAY!

Who works well in this model?

• Seasoned professionals who already have referral sources established (we do not train new Loan Officers)
• MLO’s switching from small brokers who do not receive volume discounts or Key Account perks, volume always wins
• MLO’s switching from retail and correspondent who no longer enjoy losing deals to brokers (no fees at GoRascal, substantially lower pricing)
• MLO’s switching from retail and correspondent realize that since they self-generate their own business, they deserve the highest splits in the industry
• MLO’s who no longer wish to attend training sessions from Regional and Branch Managers who try to convince them that rates don’t matter, and service is all that counts (even though the underwriting turn times are often 5 times longer what brokers have)
• MLO’s now realize that “brokers NOT having control over the file” is a lie. How about a 3-day submission to clear to close for control?

Marketing and Tools:

• Personal Websites, 3 different options for online applications
• Mobile App that allows the client and realtor to generate their preapproval letter
• Brand 360 – full marketing and client relationship experience.
• Brand Builder – create completely customizable marketing materials.
• Client Connect – completely automate your borrower communications
• GoRascal - Connect – on-demand support community
• Marketing Calendar- schedule social media posts up to 30 days in advance
• Automated Surveys to all closed clients
• Discounted Continuing Education
• Client Loyalty Manager
• Much More

Products and Programs

• Run DU and LP with one click, and pick the one that’s best for your loan
• Elite and Discounted Mortgage Insurance
• All Fannie, Freddie, FHA, VA, USDA, Reverse, and HELOC’s on the market
• Nationwide HELOC
• Many outlets for Niche and Non-QM Programs
• Competitive Jumbo

Processing Support

All commissioned-based processors are just as motivated to get a clear to close as you are. Processors call the clients, clear all conditions and get the deal done ahead of schedule.

Requirements:

MUST HAVE(S)

• Active NMLS#
• An active book of business
• Ability to self-source production

Qualifications:

• 3-5 funded closed loans within the last 6 months