Congrats...you now have an assistant!

Meet Medy Rutger - Our Senior Mortgage Underwriter

This role is responsible for the collection, coordination, preparation, and verification of mortgage applications from commitment approval to compliance submission.

The individual will act as a virtual liaison between clients, mortgage agents, financial institutions, lawyers,insurers, and appraisers regarding approval, verification, submission and completion of mortgage loan applications.

The goal is to ensure prompt fulfillment of all mortgage conditions from commitment to compliance file submission.

Value to You:

♦ Reliable administrative support to assist mortgage agents with document management and compliance

♦ Increased efficiency and productivity allowing agents to spend more time with new prospects

♦ “Hands off” approach once commitment is received allowing more time to be spent on building business

♦ Overall improved work flow and productivity

♦ Increased number of accurate, compliant files submitted in a timely manner

♦ Decrease in delays for mortgage agent payment for completed mortgage files

Investment

 

Compensation Structures

Dedicated* underwriting Structure. - Option A

Option 1- 70/30 Split and all services are included.

Option 2 - Remain at current split and the following will apply on all deals

 *Dedicated means agent will send all deals including all pre-approvals . Comp fees only paid out on closed deals

• Underwriting submission; Deal Fulfillment and Compliance- $425 ( up to 3 rental property max; Add $25 per additional Property)
• Underwrite for Submission only $100 ( up to 3 rental property max; Add $25 per additional Property)
• Deal Fulfillment and Compliance - $325
• Compliance only - $75

 

Non-Dedicated* underwriting pay per deal structure. - Option B

Agents not committed to using underwriting for all deals.

• Underwriting submission; Deal Fulfillment and Compliance- $600  (up to 3 rental property max; Add $40 per additional Property)
• Underwriting for Submission only -$225 ( up to 3 rental property max; Add $40 per additional Property)
• Deal Fulfillment and Compliance - $425
• Compliance only - $75

Note agents will be charged and underwriter to be paid on cancelled deals $75 Underwritten Pre approvals are $75

 

Dedicated Agent Flat fee for service - Option C

Agents who wish to adopt your services as part of their team may choose to negotiate a monthly flat fee service.  This will vary in accordance to agent volume and will be negotiated independently.  For example… estimated 10 hours per week average @$35 per hour.  $350 per week ($9100 annually)