8 Reasons You Should Switch to MortgageRight to Unlock Your Career
In this article
- Key Takeaways:
- 1. Clear and Transparent Pricing
- 2. No Layers of Management and Zero Overlays
- 3. 24-Hour Underwrites & TBD Upfront Approvals
- 4. Access to All Products
- 5. On-Time Closing Guarantee
- 6. Set Your Own Margins & Maximum Volume Profitability
- 7. Cutting Edge Mortgage Tech & 24/7 Accounting Access
- 8. No Cap On Your Revenue
- Thinking About Making a Move?
Key Takeaways:
- Competing in this market is more challenging than ever for mortgage branch managers and loan officers.
- Stagnant conditions for top performers often leave them feeling burnt out and looking for better options.
- MortgageRight was designed from the ground up by producers, for producers.
- Let’s talk to see if MortgageRight is the right opportunity for you.
A stagnant mortgage loan officer salary, lack of incentives, and a jungle of bureaucracy often make life difficult for high-performing mortgage branch managers and officers. If you’re feeling squeezed by management to generate more profit but don’t feel you can compete, you’re not alone. And if you feel you have little to no insight into your P&L, it doesn’t have to be this way.
Top-producing mortgage loan officers and branch managers who have chosen the net branch route are realizing MortgageRight is a better way. Given that MortgageRight was founded and is run by producers like you, you can be sure you don’t have to worry about being looked down on from the ivory tower. We take great pride in offering our partners the highest-quality tools and the best opportunities for success.
Here are eight ways we’re making a competitive mortgage branch manager salary a reality for you.
1. Clear and Transparent Pricing
We know how frustrating hidden fees are. And that’s why we don’t have them. When you partner with MortgageRight, you walk into any situation knowing your exact costs with side-by-side price comparisons.
We charge all borrowers a $995 flat underwriting fee upfront. There are no surprises and no random fees out of left field. It’s simple as simple gets. This, in turn, allows you to be more transparent with your pricing and more aggressive with your compensation.
MortgageRight is also partnered up with the best investors in the country: Penny Mac, UWM, Caliber, Freedom, Flagstar, Amerihome, and Chase, to name a few, so your clients always get the best options.
2. No Layers of Management and Zero Overlays
Few things kill the spirit of a top performer faster than having to wrestle with layer upon layer of bureaucracy and mediocrity. You already know what you’re doing. You know it, and we know it. So why are you stuck navigating through a sea of red tape?
When you join the MortgageRight team, you have direct access to decision-makers. This gives you two advantages: Efficiency and the ability to be nimble. We make it easy for you to always hit the layups and have the flexibility to adjust your game plan in more challenging situations. It also means that your raises to your mortgage branch manager salary won’t be absorbed by management.
3. 24-Hour Underwrites & TBD Upfront Approvals
You’re only as efficient as your least efficient process. And bottlenecks in underwriting are unacceptable when moving business through the pipeline. This is why we offer 24-hour underwrites and upfront approval guarantees (not just pre-approval).
Our dedicated in-house underwriting team is what makes this a reality. Even if the client doesn’t know which house they will buy, we can still get them pre-approved. This lets you focus on customer satisfaction and expanding your business rather than fighting red tape.
4. Access to All Products
There’s no sense in being limited by your product portfolio. Access to a full product suite allows you to show your clients all potential options. From conventional, FHA, and jumbo loans to refinances and reverse mortgages, you’ll never be limited by your product portfolio. Leaving money on the table simply because you don’t offer a certain product is unacceptable. A full suite of products is one of the simplest ways to succeed.
What also makes us stand out is that we’re a direct lender. While it’s true that we’ll sell loans to the big banks once they’re complete, we control the process from start to finish. This makes writing any of our products incredibly efficient. It also means our mortgage branch manager salary is very competitive. This means we can offer what we’ve listed out below.
5. On-Time Closing Guarantee
Delivering on time is perhaps the most valuable skill in business. It’s one of the simplest paths to generate referrals and repeat business. That’s why we guarantee your closing will be on time. Building credibility and a reputation for staying on the ball is a great way to stand out in a competitive marketplace.
And if you’re in the unfortunate position of failing to deliver on time, rebuilding that reputation is one of the most difficult things to do. So, why let it get to that place at all? The reality is that people are willing to pay more for professional work delivered on time. This means you can make more money off the same services simply because you’re faster and more buttoned up than the place next door.
6. Set Your Own Margins & Maximum Volume Profitability
You never want to lose a deal because of price. But you also want to be profitable. Setting your own margins gives you the ability to strike that balance. It also gives you opportunities to respond to changing market conditions and win new business by being nimble.
You are also free to scale your business based on your capacity and workflows. You’ll never have to overburden yourself to meet a quota you had no say in. You also have complete freedom to cut obligations that make sense for your P&L. We have made sure to give you every opportunity to compete regardless of the circumstances, whether internal or external.
7. Cutting Edge Mortgage Tech & 24/7 Accounting Access
Knowledge is power. And we take great pride in the technology we provide our partners. We offer a full onboarding process that helps you seamlessly integrate. This means full-featured hiring and payroll systems to stay on top of personnel and payroll. 24/7 accounting access helps you stay on top of your P&L with real-time data. Setting up the mortgage branch manager salary and loan officer pay is a breeze.
We also provide you with a fully integrated CRM with milestone updates and automated 2-way text, email, and voice mail. There’s a mobile app, calculators for borrowers, and complete loan applications with mobile e-sign on any device. The software we’ve provided allows you to close faster while staying compliant, keeping your costs down.
This also includes access to done-for-you mortgage marketing. Our dedicated design team creates content, custom designs, emails, and other promotional materials for your events and campaigns. We even give you a full website design, so you have a professional appearance on the internet–something you can’t do without in the 21st century.
We also allow you to track the performance of said marketing without any prior knowledge of specialized software needed.
8. No Cap On Your Revenue
Unlimited earning potential is quite the incentive to grow your branch. This also means you can scale your business by adding officers who already have a book of business. As a branch manager, you’ll be able to provide more aggressive compensation models for current and new officers. And your mortgage branch manager salary can scale with your book of business.
We also offer a full suite of benefits, which includes medical, dental, vision, 401k, and disability. And that’s on top of paid holidays and PTO. We’ve done everything we can to make compensation a non-issue for producers.
Thinking About Making a Move?
MortgageRight is built for one purpose, to help you succeed in this business. We’ve set out to give our producers every advantage in this business because we know how difficult it is. And we know how difficult it is because we’ve been in your shoes. Many of us know what it’s like to feel as if you’ve been left hanging high and dry.
If you think this opportunity is right for you, visit us to schedule an information call with one of our specialists. We would be happy to help you understand just how powerful the options we give you at MortgageRight are.