WHO IS LOANSBETTER?
Here at Loansbetter that’s what we do. Do Loansbetter. We have 4 different ways for you to sign up with us.
OFFERS
Retail
Or like we like to call it….Traditional retail. In today’s market why sign up retail? Well let’s first dive into what traditional retail is. Traditional retail is reserved for loan officers who have their own “book of business”. If that sounds like you….you’re in luck. But why sign up with us ? What makes us unique ? Well for starters we have some of the highest comp plans in the industry. We have also partnered up with some of the biggest names out there to make sure your client gets a good deal. To ensure we stay competitive we are using some of the most advanced secondary marketing tools to ensure best execution. By “pooling” our loans we are able to make more per transaction versus the traditional way of selling loans one by one. I guess there isn’t anything traditional about that.
​
To check out our rates, Click Here
Call Center
What’s the difference between a call center loan officer and a traditional loan officer model? Well for starters traditional loan officers have their own “book of business”. So what about call center loan officers ? Typically a call center loan officer has leads supplied to him/her. Now on the topic of leads. The word “leads” is passed around so many times like a dirty diaper. There are so many different quality of leads. Some mortgage companies will give you a list to “cold call” and then tell you they are providing you leads. Also have you ever bought leads of your own or worked on leads that were non exclusive ? Maybe they are talking to 3-4 different mortgage companies. And you can almost guarantee that one of them always does the old “bait and switch”
Well here at Loansbetter.com we supply our call center loan officers with “exclusive” inbound leads. That’s right. People who have not spoken to 5-10 other mortgage companies. We do direct mail, we also have a team of telemarketers that do direct transfers. We do not buy “trigger data” since we consider those leads not really good. We only supply leads of people who want to refinance or pull cash out. No wasting time….no gimmicks. And since we are a mortgage company we are not out reselling the same lead over and over. When we transfer the call it’s just you and the customer. That’s it. Did I mention we have some of the most aggressive comps out there for a call center loan officer?
To find out more, Click Here
Branch Model
What makes ours better than our competition ? Well for starters we’ve taken the best and worst of everything and analyzed how we could make ours better. First off we don’t have you put up your money to start your own branch. Second you can use our name or yours. Third you can quit at any time and we will release the dba over to you. The main reason people consider a branch model is because they want to come over with a team but they also want to get paid an “override”. By us being a direct lender and heavily involved in the capital markets we have the software that will allow you to make an “override” that is not only hidden but also RESPA compliant. You can also dictate how little or how much of an override you want to make. So if you’re spending a lot of time with the loan officers underneath you or you need to get more aggressive with your margin to bring someone over we give you the total autonomy to make that decision.
​
Realtor Program
Unless you’ve been sleeping under a rock I’m sure if you’re a realtor you’ve heard of all the big changes that came out recently in regards to comp pay particularly for buyers agents. What plans have you make with the new NAR ruling ? It was already hard enough before the changes. If you’re not a realtor, people might perceive that the amount of compensation you as a realtor get is a lot. But what most people don’t realize is that the hard earned commission although it might look big, might have taken 2-3 months to get. So if you take that check and divide it by the 2-3 months it’s not really that big. But now that the realtor has to ask the buyer for their commissions how will it affect you ? We hear some real estate brokers say it won’t make much of a difference if you’re a good salesman. But what about the tens of thousands that might not be as good and start to offer their services for a lot less ? We hear at Loansbetter.com feel a few things are going to happen. Number one we think the landscape of real estate has changed. We think overall that real estate agent comp is going to be lower than it used to be. And we have a plan to make sure you as a realtor will be ok.