Gustan Cho Associates has career opportunities for licensed mortgage loan originators and dually licensed real estate agents who are licensed mortgage loan originators. Tan Cho Associates is a dba of NEXA Mortgage, LLC NMLS 1660690. CEO Mike Kortas, NEXA Mortgage, LLC is the nation’s largest and fastest-growing mortgage broker. Headquartered in Chandler, Arizona, and founded by Michael Kortas. This is a statement Alex Carlucci said about CEO Mike Kortas and his leadership style and NEXA Mortgage’s solid business platform and foundation:
Chief Executive Officer and President, there is a reason why NEXA Mortgage grew from 10 licensed loan officers founded in August 2017 to 2,200 licensed loan officers strong. CEO Kortas’ common sense applies business foundation, and transparency policy made NEXA Mortgage, LLC like no other mortgage lender in the country with no competition close. CEO Mike Kortas’s principle of making 10 cents of millions versus 90 cents of nothing has skyrocketed the growth of NEXA Mortgage while other lenders cut staff, closed branches, or went bankrupt.
NEXA Mortgage has a strong residual revenue share program for loan officers and support staff that is breaking news in the mortgage and real estate industry. The officers can now make residual income through CEO Kortas’s revenue share growth program. We will cover NEXA’s Revenue Share Program in more detail in later guides or by clicking this link on Revenue Share. The is NEXA Revenue Share Calculator on how much loan officers can make on residual income.
Loan Officer Career Opportunities
Gustan Cho Associates is a dba of NEXA Mortgage, LLC. Tan Cho Associates are mortgage brokers licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands, with a network of 210 wholesale lenders. What makes us different than the competition? We have the backing of NEXA Mortgage, LLC, the nation’s fastest and largest mortgage broker, with nobody who comes close. We have 48 dates (Not yet licensed in Massachusetts and New York). Dale Elenteny of Gusta ho Associates best describes NEXA Mortgage, LLC. as follows:
We have the products (Lending network of 210 wholesale mortgage lenders). We have the rates (We are based on a maximum 2.75% broker platform so nobody can compete our mortgage rates). States, Products, Rates.
Lastly, we have the industry’s best mortgage loan originator compensation plan. PLUS, we have the best retirement package any mortgage lender can offer: Revenue Share Program Through Lifetime Residual Income. The residual income through our revenue program is not just lifelong but can be transferred to heirs in the event of death.
Career Opportunities Offered To Independent Branch Managers
Licensed mortgage originators with at least two years of full-time experience and an average of $12 million in annual production have career opportunities of becoming an independent branch manager or belong to a regional branch that is licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. Being an independent loan officer may be the best fit if you are an entrepreneur and want to start your mortgage net P and L branch. You have the keys to success.
You can be your sole independent loan officer working out of your home with your independent branch, or you may want to lease an office and have a team of loan officers under your management. Whether you have no loan officer or dozens of licensed loan officers, the choice is yours.
Since it is your own business, you will be responsible for expenses such as office rent, employer matching tax, overhead, support staff, loan officer assistants, mortgage processors, and marketing costs. Corporate will compensate the independent branch manager a higher compensation plan since the independent branch manager needs to cover expenses. Loan officers will have two net compensation plans: self-generated and branch-lead-provided compensation plans. Gustan Cho Associates pays 125 for self-generated leads and 75 basis points for branch-provided leads.
Career Opportunities Offered To Loan Officers
Loan officers who do not want to become independent managers on a P and L compensation model can join a branch office like Gustan Cho Associates. The benefit of joining an established successful branch is you have full support from management and senior veteran loan officers. Over 80% of the borrowers we help at Gustan Cho Associates are folks who could not qualify or get pre-approved at other mortgage companies either because they got a last-minute mortgage loan denial or because the lender did not have a mortgage loan option best suited. Gustan Cho Associates Mortgage Group is licensed in 48 states, including Puerto Rico, Washington, DC, and the U.S. Virgin Islands.
Dually Licensed Real Estate Agent / Loan Officer Career Opportunities
Producing licensed real estate agents to have the opportunity to make commissions as a realtor and as a loan officer. The dually licensed realtor / MLO program enables licensed realtors to be paired up with an experienced loan officer from Gustan Cho Associates and work as a team for the homebuyer. The realtor is licensed so that they can access the homebuyer’s file.
The realtor has a partner who will take the homebuyer’s file from the original interview to the closing desk. The real estate agent will learn from the steps of the mortgage process. It is up to the realtor how intensive they want to get involved in the mortgage process.
Some realtors stay focused on getting more homebuyers and count on their loan officer partner to make the loan and finish it through a smooth process which is mostly the case. In order for real estate agents to get compensated on both sides of the transaction, the real estate agent needs to be licensed as a loan officer. It is up to the real estate agent if they want to start and finish the mortgage loan on their own without a loan officer partner.