Relationship Benefits
When mortgage brokers and bankers join the bank as a mortgage affiliate net branch manager, the bank takes care of the administrative and support tasks so you can focus on taking care of the customer. The bank becomes your Human Resources department, handling the accounting, benefits, compliance, audits, licensing and other non-revenue generating activities. The bank believes that a mortgage affiliate program should enhance the lending activities of the mortgage net branch, not bog them down with paperwork. When you join the bank, you’ll get:
Benefits
- PPO Health Insurance
- Dental Insurance
- Life Insurance
- 401(K) retirement Plan
Services
- Hiring/terminations in compliance with state & federal laws
- Handles all COBRA administration
- Provides all forms
- Provides confidential employee counseling
- Employee review templates and other forms for managers to use with subordinates
Accounting
- The bank has a 72 hour (maximum) turn around for check requests.
- Normal payroll is twice per month, and disbursements of net income earned by the affiliate net mortgage branch also are paid twice a month.
- Regular branch expenses are paid by full-time, professional, corporate accountants, who maintain your books, cut your checks, and provide to you a monthly summary statement. All of this is free of charge as there are no monthly accounting fees.
And More
- There is no disclosure of yield spread on banked products.
- New mortgage net branch manager applications are processed and decided upon in approximately 12 days.
- A growing approved investor list will soon exceed 100 lenders.
- Medical benefits are through Aetna insurance
- LOS = Ellie Mae Encompass
- The bank has no approved title company lists…use anyone you like.