I'm concerned about asking my clients financial
As a real estate agent,
financial advisor, tax professional, or insurance
are assisting your clients with the largest financial transaction of their
life. Your clients will appreciate that you
take the time to
understand their overall financial picture and you are therefore able to make
recommendations about home prices, etc. You'll be able to serve your clients better by understanding
their financial situation. For example, some clients might have
a small down payment and think they are limited in the maximum home price
they can afford, but once you see that they have great
credit and sufficient income, you may be able to provide them with one of
our zero downpayment programs and get them into the house that they
I don't want to get bogged down processing
A Certified Mortgage
Counselor helps with the counseling and origination of the
loan, but doesn't process the loan. We
are a full service mortgage company and we fully support the mortgage
processing and closing. Most of the information needed to originate a loan is already known
by you--the purchase contract, basic buyer information, price range, etc.
By using our automated origination technology you or your client can complete the online application
be on your way to a speedy loan approval in less time than it takes to
meet with a traditional loan officer.
I don't want unhappy clients because I can't get
We couldn't agree more! We've designed the LoanOfficerOnline system specifically for those
clients that can be approved the same day using our automated origination
technology. While 75% of all
borrowers are approved automatically, about 25% of borrowers are in need
of a sub-prime, FHA, or another loan that requires a more traditional and
longer approval process. We
recommend you continue to work with your current loan officer (or one of
our referral sources for these types of loans). Your clients will appreciate that, although you can't provide the
loan for them,
you've got other sources that will work hard to get them the
loan they need.
I'm not a computer expert, is this for me?
Our automated loan
origination technology was designed for consumers to use on their own with
no training. LoanOfficerOnline
Mortgage Counselors excellent training materials
to help you guide your clients through the loan origination process.
I don't want to look inexperienced in front of my
There is no need to worry if
you don't know the answer to your client's mortgage questions. Training
material, including mortgage basics and website navigation, can be
used as a resource to answer questions. Your Account Manager is a phone
call away and is happy to help you and your client originate the loan.
I'm busy and don't have time for something extra…
Since you may already spend
time counseling about mortgages or "managing" transactions by following up with lenders,
appraisers, etc., we think you'll find that you actually save time by
being "plugged in" as part of the mortgage team. Furthermore, if you have an assistant, they can be trained to
complete the mortgage origination steps for you.
Do you offer FHA loans?
FHA regulations currently
require that the loan originator be an employee of the mortgage lender,
therefore the origination of FHA loans is not currently practical with the
LoanOfficerOnline program. We do have 3% down affordable home programs and
zero down payment programs available through non-FHA programs.
Will my customers be concerned that I am making
eliminating the commissioned loan officer the customer saves money. We've eliminated loan origination fees and guarantee the lowest
rates and fees or we'll pay your client $250 if they close with another
mortgage company. Your clients
will appreciate the money you save them and should fully expect that you
would be compensated for the services you provide.
What kind of training will I receive?
have developed a self-paced Internet tutorial to instruct you on the use
of our mortgage website. We
also provide a self-paced Internet tutorial that covers mortgage
origination basics. Additionally, the
website includes a library that can be used as a resource for both you
and your clients. Whenever you have a question just call us!