Replies – Forums – Dustin – Page 5 – GCA Forums

Dustin

Member

July 20, 2023 at 5:51 pm in reply to: UTAH PLM EXAM

@gustan-cho I am excited for you to pass! I will take my Utah PLM sometime in 2024. I printed out the full UT-DRE workbook and studied for an additional three weeks before I took my Loan Originator test. It was well worth the extra effort.

Dustin

Member

July 20, 2023 at 5:35 pm in reply to: One-Stop-Online Loan Officer Career Website

@gustan-cho @John Parker Excellent! I think this will be great for all of us!

Dustin

Member

July 20, 2023 at 5:34 pm in reply to: Revenue Share Offered By Lenders

It looks like the revenue share concept in the mortgage industry can be traced back to the late 80s and early 90s when mortgage companies looked for ways to incentivize loan officers to increase individual and company-wide loan production. Loan officers responded, and began to generate more loans which they, then got a piece of the company’s growth in sales.

Dustin

Member

July 20, 2023 at 5:24 pm in reply to: Revenue Share Offered By Lenders

@gustan-cho After a quick dive into this question… I found a lender (Atlantic Bay Mortgage Group) who does something similar to what NEXA offers it L.O.s. This is called the Progressive Earnings Plan. Here is a link to the article from The Truth About Mortgage from 2021 https://www.thetruthaboutmortgage.com/mortgage-lender-to-share-servicing-income-with-loan-officers/

thetruthaboutmortgage.com

Mortgage Lender Offers to Share Servicing Income with Its LOs

A Virginia-based mortgage lender has launched a loan officer compensation plan that provides originators with a piece of the loan servicing fee.

Dustin

Member

July 20, 2023 at 5:11 pm in reply to: Late Payments in The Past 12 Months

@Alex Carlucci @gustan-cho Will you please share the specifics on this file? This would be great info to have for future BK clients.

Dustin

Member

July 11, 2023 at 10:06 pm in reply to: HARD MONEY LOANS UTAH 75% LTV

Utah is a great place for investors outside of the Salt Lake Valley. Hard Money loans & DSCR are great opportunities for your investors. If you are an MLO with no license in Utah, call me. I am happy to help your clients get a foothold in this market.

Let’s Make Your Mortgage Work For You!

Dustin

Member

July 20, 2023 at 5:46 pm in reply to: One-Stop-Online Loan Officer Career Website

@gustan-cho Things are moving forward quickly. I should have renderings of what the site looks like by the end of this week. Once we nail that down, we will spend the next few days developing the operations of the site.

Let’s Make Your Mortgage Work For You!

Dustin

Member

July 20, 2023 at 5:41 pm in reply to: Revenue Share Offered By Lenders

I couldn’t agree more. I want to be where I can maximize my opportunity and know I have the support I need to be successful.

Dustin

Member

July 20, 2023 at 5:37 pm in reply to: DIY CREDIT REPAIR

Wow! This is great to know. I am always looking to find new ways to help potential clients.

Dustin

Forum Replies Created