Employment Opportunities at The Mortgage Network

Loan Officer:

Requirements: Must have a minimum of 2 years full time experience as a Loan Officer, be capable of generating his/her own business and processing it or supervising a loan processor to do so.

Employment Contract: The Loan Officer signs an Employment Contract as a full time employee of The Mortgage Network and agrees to submit ALL loans thru the company. Normal income and FICA taxes are deducted from gross commissions. These arrangements fully comply with both HUD and IRS requirements. Commissions are paid weekly.

Compensation: From the total check received at closing, 7% is deducted to cover the company's tax costs, then $600 is deducted for the company's share and the balance is paid to the Loan Officer.

Example: On a $4000 proceeds check less 7% = $280, less $600 =
a net for the Loan Officer of $3120.

Costs: The Loan Officer will pay for all direct expenses associated with the transaction which have not been paid for by theborrower, such as credit reports, appraisals, etc.. The Loan Officer is responsible for his/her marketing and advertising expenses. The company offers a variety of chargeable services including Pre-Qualification Telephone Service 7 days a week for Loan Officer's realtors and Borrowers, Credit Reports, Advertising Materials, etc. Each of these services is optional and only charged if ordered by the Loan Officer.

Employment Advantages:

Use of The Mortgage Network name - Respected in Denver since 1985

Full government loan facilities for fha and va loans

Direct submission capability to over 50 of the most competitive investors for all types of loans

Loan application conference rooms on 1st floor in Class A high rise office building in central Denver

Monthly corporate meetings including ongoing training from industry representatives

7 day a week, from 9am to 6pm telephone service to assist your realtors, Borrowers and others when you are not available, including Pre-Qualification service and loan processing information

Use of The Mortgage Network Web Site @ www.TMNloans.com

Providing many resources for your realtors and Borrowers to build your business including a Loan Application form on line and a fast Loan Amount calculator

A private Staff Section where confidential information is available only to employees of The Mortgage Network

Lists of Resources for names, telephone numbers, etc for Loan Processors, Closing companies, Appraisers, Credit Bureaus, Government organizations, etc.

Use of PowerTool(r): An Internet based Marketing contact Management System for Loan Officers, including a Pipeline Management facility with direct interface to POINT(r) and a Direct Mail system designed for the Mortgage Business in over 15 years use at TMN - see www.PowerToolOn.com

Telephone assistance from "Mortgage Mom" a TMN employee who can help you find the right investor for hard to place loans, find a good loan processor, and direct you to training resources where you can learn how to use Fannie Mae and Freddie Mac direct submission programs like the popular Loan Prospector and Desk Top Originator

Membership in an organization that values you as a professional and strives to provide the latest information and capabilities in this fast changing world, to help you succeed

For the experienced Loan Officer, we provide the finest professional environment that can result in substantially higher earnings than working for old fashioned and disappearing traditional firms with their obsolete commission arrangements. In today's market, YOU are the most important part of the team and you deserve the majority of the commission. To learn more, call our President, Ms. Jaxzann Riggs at 303-394-2121 or email her at jaxzann@earthlink.net

Loan Processor: Requires a minimum of 2 years experience processing fha, va and conventional loans. Processor receives the loan package from a Loan Officer and relates directly with theborrower to obtain whatever information is necessary to obtain loan approval. The Loan Officer will assist, if you prefer, in selecting the investor and negotiating the price with theborrower prior to underwriting submission. Compensation is $250 to $400 per closed loan, paid within 7 days after collection of funds.

Loan Counselor: A Loan Counselor is an experienced Loan Processor who has the people skills and knowledge necessary to meet with borrowers and complete the loan application; thereafter to process the loan and handle all aspects thru closing. Compensation is based on gross earnings per loan and generally averages above $400 to $1000 per closed loan; on sub-par loans, can be considerably higher. Paid within 7 days after collection of funds.

To learn more about these positions, call our President, Ms. Jaxzann Riggs at 303-394-2121 or email her at jaxzann@earthlink.net