Freedom Plus a Mortgage Branch Manager Salary
In this article
Freedom and control – two things that give mortgage branch managers a big advantage in the mortgage industry. The freedom to provide creative solutions and control over the rates you offer can lead to a successful business and a healthy mortgage branch manager salary.
At MortgageRight, we’ve designed a system that lets overworked loan officers and burned-out branch managers take their careers in a new direction. It allows them to enjoy the thing they love doing the most – originating loans.
But this system involves many moving parts. To provide the level of autonomy we knew branch managers needed, we built a platform based on support, transparency, and innovation.
Let’s discover how MortgageRight offers the type of freedom you won’t find anywhere else.
The Opportunity to Run a Business
Loan officers working for large mortgage companies typically have no say in how day-to-day operations are structured. They work on commission, must meet quotas, and only get paid a small fraction of what they bring in. This work environment along with the state of the market is why we see so many mortgage professionals leaving the industry.
It doesn’t have to be this way. Our managers have complete control over the decisions at their branches. They’re not just managing a branch, they’re running their own mortgage business.
We give you the opportunity to:
- Build your team from the ground up.
- Control how your branch operates.
- Set your own compensation.
- Dictate your loan origination process.
- Market your business the way you want.
On top of these benefits, because MortageRight is a direct lender, you can offer the most competitive rates out there. This means your business maintains a competitive edge, allowing you to earn the mortgage branch manager salary you deserve and build a local reputation as a top loan officer.
Because you’re running your own business, you have the freedom to live the life you want. You’ll get a chance to develop your leadership skills, grow your portfolio, and make the income you’ve always wanted – whatever’s right for you.
In addition to living the professional life you’ve always dreamed of, you’ll have the opportunity to pursue other interests, spend quality time with your family, and finally experience what a healthy work/life balance feels like.
Close Communication With a Mortgage Support Team
Any experienced loan officer will tell you how important communication is throughout the loan process. Buyers, sellers, real estate agents, appraisers, and underwriters all must be made aware of pertinent information in a timely manner. A branch manager is under a lot of pressure to ensure there isn’t a communication breakdown.
One of the most important relationships is between the underwriter and the branch manager. They must work closely together to secure the best mortgage solution for the client and uphold all compliance guidelines.
Unfortunately, loan officers and branch managers with mortgage companies struggle with underwriters. Some common problems they run into include:
- Limited access to underwriters
- Communicating with underwriters through intermediaries
- Having a difference of opinion regarding the process or terms of the loan
These issues lead to delays and potential errors. Communication issues can also cause friction and contribute to an unpleasant work environment.
MortgageRight’s Solution
As mortgage professionals, we understand how important underwriter support is. That’s why we’ve assembled a dedicated underwriting team you can count on 24/7.
Not only can you reach an underwriter anytime, you’ll develop a close relationship with them, which goes a long way when working to get loans approved. You’ll each learn how the other operates and can develop a system that works for both of you.
With this type of support, you’ll be able to provide fast, flawless service and avoid errors or missteps. You and your dedicated underwriter will flush out any issues before the client goes under contract. This means happier customers, repeat business, more revenue, and a higher mortgage branch manager salary.
The Ability to Make the Decisions that Matter
One of the biggest problems for mortgage professionals working for large companies is their lack of a voice. For example, many loan officers have multiple layers of non-producing middle management above them. This means they work hard to originate loans but have no influence over the decisions that affect their job.
In addition to a lack of decision-making power, loan officers in this position aren’t getting the commission they should. Instead, much of it goes to members of upper management who have nothing to do with the loan origination process.
At MortgageRight, this type of system goes against everything we believe. That’s why we designed a platform that allows branch managers the ability to flex their entrepreneurial spirit and make a top mortgage branch manager salary.
When you partner with us, you’re no longer working for other people. You’re running your business based on your knowledge of the industry and what you feel is right for you and your clients.
You’ll have the freedom to make decisions such as:
- The best way to originate the maximum amount of loans.
- How many loan officers and processors you need.
- The type of customer experience you provide.
- What other mortgage or real estate professionals you work with.
Furthermore, if you want to talk to one of the owners, all you have to do is call. If you have an idea or issue, we want to hear about it. It’s our goal to maintain a culture of transparency where everyone has a voice.
What MortageRIght Brings to the Table
If you’re tired of feeling like a cog in a machine, partnering with MortgageRight will give you the freedom to use your experience and know-how to make a real difference. Our platform is geared toward giving you the tools you need to succeed independently.
A True P&L Model
MortgageRight offers a P&L model, which means the revenue you generate flows into your P&L statement and your expenses come out. This model gives you the freedom to run your branch the way you want without the liability of owning a company. You’re able to focus on originating loans, leading your team, and making more money.
Operational Support
A big part of our platform involves supporting branch managers with all the things unrelated to loan origination. This includes the necessary functions of a successful business, including:
- Underwriting
- Marketing
- Technology
- Payroll
- Accounting
- HR
While we offer these services to our branch managers, they’re not mandatory. For example, if you want to market your business a certain way, you have the freedom to do it. However, if you’d rather leave it to us, we have a dedicated team that can implement marketing campaigns.
Thorough Onboarding
Making the switch to branch management or partnering with a new company can be stressful. We work hard to make the transition as smooth as possible. The last thing we want is for our new branch managers to lose sleep over their decision to make a big career move.
We’ll conduct an action plan session to ensure everything is in order. You’ll also receive customized training for all of your branch positions. Finally, we’ll give you total origination and processing support while you’re getting started.
Start Earning a Top Mortgage Branch Manager Salary
Make freedom part of your next career move. Join the MortgageRight family and finally enjoy the mortgage branch manager salary you deserve.
Schedule a live demo to learn more.