Mortgage Branch Manager

Obsidian Financial Services
Panorama, TX Full Time | Part Time
POSTED ON 5/7/2023 CLOSED ON 1/8/2024

What are the responsibilities and job description for the Mortgage Branch Manager position at Obsidian Financial Services?

_ Branch Manager Pay $2500 Flat Fee_

Are you ready to start working for a broker/mini corr/delegated Lender that is going to give you the ability to make the best compensation in the industry? We believe in allowing you to make the full 2.75% compensation, not just a part: all of it. Stop being lied to by companies offering the best compensation and not even coming close to the so-called BEST payout. If you are not making the full 2.75%, then it is just another lie.

At Obsidian, you are immediately assigned to an Account Executive. This AE will help you get your loans approved and closed. We cannot count how many times Quicken, UWM and other major lenders have declined loans, and in turn, we have turned around and approved and closed within 10 days.

TAKE YOUR TIME AND READ BELOW; $2500 ALL LOANS YOU CAN CLOSE!!!! STOP THE BS

Broker Manager

● PAY A FLAT FEE OF $2500 AND DO AS MANY LOAN AS YOU WANT

● We set up your branch with a business checking account for payroll bills and other compensation.

● Receive funds directly to your business account via wire or checks from title companies.

● Pay your loan officers at your convenience on a comp plan you set up.

● Set up margins and locks through your own LoanSifter, setting your margins to your needs.

● State of the art software LOS (LendingPad): restrict what your loan officers can and can’t see. No more broken down Caylx

● Work with over 100 lenders and Vendors.

● Const/Perm, 203K, Manufactured, Reverse, DPA Programs

● Over 100 Lenders’, if we don’t have it we will.

● DBA’s so you continue to use your existing company name.

● Compensation as high as 4%, unheard of in the industry.

Loan Officer

● Work with over 100 approved lenders with every lender in industry.

● Flat fee of $995 per file-You make the full Compensation of 2.75%

● Payout within 72 after file is received.

● 203K-DPA-Construction to Perm, Doctor Loans, Non-QM

● 90% payout on reverse mortgages.

● 1099 or W2

● Assigned a Territory Manager to help mentor and create more business.

Mini-Corr-Delegated Lender

· Minni corr allows you act as a lender, making to to 5.00 Compensation of files

· Minni-corr have zero compensation plan-make 3.00 Comp if you want.

· Close in our name so, no, YSP is NOT disclosed to the borrower for CONV/VA/FHA/REVERSE mortgage. You will love this program to the ends of the earth. That’s right FHA, we are mini-corr!

· Close in 5 days.

The ability to work as a Direct Lender:

  • Best rates in the industry, with no marked-up fees and raw pricing.
  • DPA/Construction to Perm/203k/Dr. Loans (Not available for broker channel anymore)
  • Non-QM Loans Make up to 4% compensation.
  • FHA down to 550 with 4% to 5% compensation. Will never be beaten!
  • Rates on FHA/VA at 2.75% fixed, paying back 2.875%
  • In-house UW are available 24/7.
  • Fannie/Freddie approved.

Duties

● Pre-Qualify clients

● Ability to prequalify clients and input information for disclosing.

● Submit a complete file then move on to the next deal.

● Interact with processing and UW to close loans fast.

When joining Obsidian, you are becoming part of one of the fastest broker/lending company’s in the country, there is no BULLSHOT. We are going to teach, train you, and supply you with all the tools you need to ensure your success is fast, strong, and ethical within your community. We are building a company that ensures you are part of it, not just another number. Work never ends, all the processors and support staff are always available to help with your needs. We want this to be your last stop. Visit our state-of-the-art website at obsidianfinancialservices.com for more information.

Job Types: Full-time, Part-time

Pay: $69,954.00 - $369,579.00 per year

Education:

  • Bachelor's (Preferred)

Experience:

  • Mortgage Loan Officer: 1 year (Required)
  • Mortgage: 1 year (Required)

License/Certification:

  • NMLS License (Required)

Work Location: In person

Salary : $69,954 - $369,579

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