Job Description

This is a remote position.

Want the flexibility of your own practice without dealing with the hassles of your own shop Tired of being used by big banks or lenders to produce more and more revenue for their pockets not yours At Castle Rock Capital Funding we re different. We were founded by Loan Officers that were in similar situations. We pay extremely high commissions to selfdriven selfleadgenerating loan officers looking to grow their mortgage business. Instead of relying on banks and retail lenders who might lay you off at any second build your own practice with Castle Rock s MLO platform. We not only have conventional FHA VA and USDA products but we also excel at financing real estate investors smallbalance commercial borrowers and SBA borrowers. We keep your organization lean so we can be more than competitive with our rate structures while paying very very strong payouts. There are also options for building and leading your own team. We have so many reasons to join us let s chat today!

One item of note some lenders promise huge commission payouts but they also build in a ton into their pricing. We stay lean and mean so there s not a ton of overhead. Putting more money in your pocket while offering great rates to our customers is a huge priority for us.

YOU MUST TO BE CONSIDERED:

· HAVE AN ACTIVE FLORIDA NMLS LICENSE (NOT A REGISTRATION)

· RESIDE AND DO THE VASTMAJORITY OF YOUR BUSINESS IN FL

· BE ABLE TO DO A MINIMUM OF 23 SELFSOURCED LOANS EACH MONTH

· MUST BE A SELFSTARTER THAT IS COMFORTABLE CALLING ON AND DEVELOPING STRONG REFERRAL SOURCES SUCH AS REALTORS REAL ESTATE INVESTORS ATTORNEYS AND OTHERS THAT WILL REFER YOU BUSINESS.

· THIS ROLE IS THAT OF A HUNTER...SOMEONE WHO IS GENERATING BUSINESS NOT AN ORDER TAKER.

What we offer:

· No hidden deductions from your commissions for junk fees. You cover credit pulls and the cost of the loan operation system (about $79/month for the Pro version of Arive our LOS).

· Rate Control: Our Loan Officers actually vote each quarter on where we set LenderPaid Comp. Rather than have the house set your rates our loan officers are active participants in how are rates are set.

· Weekly payouts

· Fantastic wholesale pricing with some of the top lenders in the country

· Work remotely with a flexible schedule

· Your own branded landing page to showcase yourself to your clients and referral sources

· Discounted Continuing Ed

· Lower Mortgage Insurance Rates

· Commercial Loans

· Loans for Rental Properties and Real Estate Investors

· FixnFlip Loans

· Unmatched support

Who does best with Castle Rock:

· Experienced Loan Officers with Established Referral Networks

· Newer Loan Officers that do not have call reluctance and can build a network.

· Loan officers tired of shifting incentive plans and hidden charges from the brokerage

· Retail Loan Officers that are generating their own business where the lender is keeping a lot more than the value they bring

· Loan Officers that often are getting beaten on rate and terms

· Loan Officers that currently can t offer Commercial Loans Loans for Real Estate Investors and NonQM Loans

Note: This role is a 100% commissionbased sales position but we keep our company lean so you can earn more. Also instead of keeping money out of your check for marketing we let you keep it instead to decide what marketing works best for you.

We ve seen the ups and downs of the market for the past 30 years and we realize what it takes to build a longterm thriving practice in down markets. We would love to help you do that. Castle Rock Capital Funding was founded by career loan officers with the dual purpose of helping loan officers grow their practice while creating a place where customers want to do business. We want MLOs that are professional take serving the customer seriously treat others with respect and dignity are responsive and truly want to grow with our organization. A few points that are important to understand Castle Rock is a platform for you to build your practice. Your compensation is based 100% on your production. Although work is remote we are only seeking Floridabased LOs. Also you must currently have an active Florida NMLS license. ALTHOUGH THIS IS A REMOTE POSITION WE ARE ONLY LOOKING FOR FLORIDABASED MLOS. We are only currently licensed in Florida. You can however offer real estate investor products in other states.

Our onboarding process is different. We look for MLOs that blend with our culture rather than only seeking the top producers. Sure there are minimum production goals to help us offset the cost of the significant resources we provide our MLOs but we want you to be truly happy with Castle Rock and our minimum production requirements are relatively low in comparison with other brokers. If there isn t a fit that s OK but this isn t a large national brokerage where you hang your license and become only a number.

Here s more about what we provide our MLOs:

GREAT FLEXIBLE RATES: We give our LO s pricing authority to be more than competitive. You ll likely be the lowrate lender in the market. Stop losing clients because of rate. Come to Castle Rock! The key is balancing the compensation with offering great rates. We keep a much smaller portion of the revenue generated in comparison to most brokers and lenders therefore we can offer great competitive rates with great payouts.

GREAT PAYOUTS: Our splits are among the best in the industry. It is your own practice using our platform as support. Comp is 100% production based. It is our philosophy to put as much in your pocket as we can. We re not greedy and we want you to be happy and succeed. Compare our payouts and rates to your current company. We re confident we ll be better. One huge point to consider we allow you to have pricing authority. We see lenders offering huge payouts but what they are doing is building so much into the rate that it s hard to be competitive. Castle Rock keeps a smaller amount and then let s you decide the mark up. That way you can discount loans to be competitive if you wish. You are in control and ultimately decide how much you are taking home based on the structure of each loan.

RESOURCES: We use Arive as our LOS (if you are not familiar with it Arive is spelled correctly) and we provide this to all MLOs. Our use of a Transaction Manager to free up the MLO is also quite unique. This unique and tremendous tool frees the MLO to do what they do best drive business in the door by relieving them of the administrative tasks that make it hard to scale up their practice.

OUR PROCESS: We want our MLOs to thrive and do more business. Most MLOs we ve spoken to end up so bogged down in paperwork that they can t scale their practices up. That s why we ve added the role of Transaction Manager to the team. Once the MLO originates the loan the MLS licensed Transaction Manager steps in to gather documents from the customer get the loan submitting for underwriting get the loan over to processing and then they monitor the deal to ensure an ontime and smooth closing. On most deals the MLO touches each deal very little once the customer says yes . This allows the MLO more time to originate more business and spend more time with family and friends. After your first 3 deals with us the use of the TM is optional and there is a small charge to your payout upon closing for the use of the TM but our process allows you to make more money with less stress so you can grow your practice and do the things you love to do. Use of the TM is not required after the first 3 deals but it truly is a way to break through that plateau that holds most MLOs back.

OUR PRODUCT PHILOSOPHY: If you are looking for a broker with 100 lenders to choose from you ve come to the wrong place. We will add lenders to the stable if it makes sense but we believe building deep relationships with fewer lenders is far superior to setting up 100 lenders only to use a handful. Processors and TMs can t be expected to master the portals of 100 different lenders and we ve found that lenders are more responsive to those brokerages that actually send them business as opposed to brokerages that might send only 1 deal each year. We offer the best lenders in many different categories. We re well known for excelling with real estate investor and selfemployed borrower loans which gives you a good way to set yourself apart when approaching referral sources. We are very open to adding more lenders to the stable of lenders but we want to make sure they are lenders that we will truly want a relationship with.

PROCESSING FEES: Many companies have an ownership interest in their processing functions. They keep a huge portion of the processing fees while making the processor work for peanuts. At Castle Rock we don t keep any of the processing fee. 100% of the processing fee goes directly to the processor. The customer pays less the processor gets more and everyone is happy. If you don t think that makes a massive difference you would be wrong.

TEAM BUILDING: We support and encourage you to grow your practice by building a team. You as a team lead enjoy an override of members of your team. It s a great way for you to build a practice while getting support from your broker.

LEADS: We devote a percentage of our revenue to marketing but let s face it the days of picking up lowhanging fruit with the refinance boom is behind us for a while. We took a very hard look at lead generation systems and discovered that leads provided in this current market aren t that great from anyone. We decided to put the money we would normally spend on weak lead generation back into the MLOs pocket to let them decide how they wish to market through higher splits. When leads start to improve in the market we might offer an optional lead system or you can go your own and keep that money. We want you to be happy and have more control over your practice. We focus heavily on support and teaching to help you build a pipeline of great loyal referral sources that will stick with you through thick and thin provided you take great care of them. We ve done this for more than 30 years through feast or famine. We know what works and what doesn t for the long term and we re here to help you build that kind of practice. We want you to succeed!

If such a relationship with your broker is something you seek we would love to speak with you. Let Castle Rock help you avoid the pitfalls of a down market as we help you build a practice you can be proud of for many years to come.

Requirements

· HAVE AN ACTIVE FLORIDA NMLS LICENSE (NOT A REGISTRATION)

· RESIDE AND DO THE VASTMAJORITY OF YOUR BUSINESS IN FL

· BE ABLE TO DO A MINIMUM OF 23 SELFSOURCED LOANS EACH MONTH

· MUST BE A SELFSTARTER THAT IS COMFORTABLE CALLING ON AND DEVELOPING STRONG REFERRAL SOURCES SUCH AS REALTORS REAL ESTATE INVESTORS ATTORNEYS AND OTHERS THAT WILL REFER YOU BUSINESS.

Benefits

HAVE AN ACTIVE FLORIDA NMLS LICENSE (NOT A REGISTRATION)

· RESIDE AND DO THE VASTMAJORITY OF YOUR BUSINESS IN FL

· BE ABLE TO DO A MINIMUM OF 23 SELFSOURCED LOANS EACH MONTH

· MUST BE A SELFSTARTER THAT IS COMFORTABLE CALLING ON AND DEVELOPING STRONG REFERRAL SOURCES SUCH AS REALTORS REAL ESTATE INVESTORS ATTORNEYS AND OTHERS THAT WILL REFER YOU BUSINESS.

Job Tags

Similar Jobs