1st Florida State Mortgage Corporation

 

 

• What are the advantages of becomming a Branch Manager?

1st Florida state Mortgage Corporation offers you many advantages in becomming a Branch Manager. The first advantage is that you have the ability to run your own mortgage operation where you set the rates and fees you want. Although you are independent you are a member of a Branch Network System. Another advantage is that you have over 50 sources of wholesale lenders to place your loans and you can originate FHA/VA, A-D credit as well as commercial loans. Additional features of owning your own branch are the company benefits including; medical, website support, company training that includes sales, management leadership and much much more. Finally you have the freedom to make the income you deserve while operating your business without the pressure of major overhead expenses. Remember, you keep 100% of the commissions!

• Do I need to establish an office?

 

• Who selects and hires the office staff?

You do. The hiring and on-going staffing of your office personnel is your decision

• Who does the payroll and pays the bills

We do! The corporate office of 1st Florida State Mortgage corporation handles the payroll as well as paying all the the bills for the branch

• What equipment is necessary?

Normal office equipment such as phones, fax machine, copiers and computers are usually required. However, we do require using Calyx Software for processing loans and applications.

• How long before I should expect an income?

Depending on your experience and ability, you should recieve potential income in 30 to 60 days.

• How long does it take to be operational?

You can be operational in as short as 30 days.

• What loan programs does 1st Florida State Mortgage Corporation offer

FHA, VA, Residential, Commercial, Conforming and Non-Conforming credit programs are provided

• Who controls the placing of loans and the pricing?

The Branch manager controls all placing of loans, pricing and day-to-day activities in the office. We leave that option up to you. after all, it is your operation!

• Does 1st Florida State Mortgage Corporation offer Web Site assistance.

Yes. As a Branch office of 1st Florida State Mortgage Corporation you will have your own self-replicating web site available to you with web site updating if you choose.

• What does a Branch Network System Mean

A Branch Network system means that you are part of a national mortgage lending organization. With the sharing of ideas, technology, marketing, and other innovations you will see that there are many advantages of owning a branch.

• Am I an employee of 1st Florida State Mortgage Corporation?

Yes. In order to meet state licensing requirements, you are an employee of 1st florida State Mortgage Corporation.

• How often will I be paid?

All Branches are paid on the first and fifteenth of each month. However, many times since a whole department is dedicated to accounting, payments are upon request.

• What programs do I have to offer?

You are not required to offer any specific mortgage programs, although you will have access to virtually every loan program available today.

• Do I have an exclusive territory?

There are no exclusive territories with your Branch. 1st Florida State Mortgage Corporation only places an adequate number of offices in an area with a goal to obtain a minimum of 10 - 15% of the marketplace. In many areas the advantage of having multiple offices has been advertising, processing, training, market exposure and penetration.

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