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Realtor Loan Officer Program!
Originate Loans & Earn Mortgage Commissions!
No Sign-up Fee's!
First Florida Financial Group, LLC is proud to announce our “Realtor Virtual Mortgage Lender” Loan Officer Program, an exciting new program designed to put Realtors like yourself on a fast track to greater earnings by helping others fulfill the dream of home ownership. We have developed a system that streamlines the process of originating loans for you the Realtor. We make sure that you are in full compliance with the RESPA laws.
In today’s market you can't afford to keep referring your mortgage business, so instead of referring your clients to banks or brokers start originating mortgages TODAY!
We’re sure you’ve noticed today’s market has changed, buyers have dried up, listings aren’t selling. It’s time to make the most out of each transaction; one of the best ways for you to make additional income is to originate mortgage loans.
You can earn a considerable secondary income simply by offering clients, friends and family the additional services of a company committed to moving them to a stronger financial position.
Things You Must Do To Earn Mortgage Commissions?
Minimum services are required under RESPA to receive ANY compensation for mortgage brokerage “services”. Therefore we have put together a streamline process to facilitate you, to originate loans.
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You will take information from the applicant and fill out a Loan Application (FNMA Form 1003)
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You will collect Financial Information (tax returns, bank statements) and other related documents that are part of the process.
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Initiating/ordering appraisal
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Initiating/ordering title documents or inspections or engineering reports.
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Maintain regular contact with the borrower, realtor, lender, between application and closing to apprise them of the status of the application and to gather any additional information as needed.
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Participate in the Loan Closing.
We will train you in performing the services above. We have a Team ready to assist you through the whole process. Originating a loan can be very simple if done correctly, First Florida Financial Group, LLC provides you with the knowledge, tools and staff to take your career to another level. Remember DO NOT VIOLATE THE LAW. RECEIVING KICKBACKS ARE ILLEGAL. YOU MUST EARN THE COMMSSION.
Applicant Requirements
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You must be at least 21 years of age.
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Must provide at least 3 industry references in writing (Ex. Title Company, Lenders, Realtor Professionals and/or Appraisal companies).
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Be able to pass a background check.
Realtor Loan Officer Application.pdf
Licensed Mortgage Brokers Print This W-9 Form
All Applicants Print This I-9 Form
All Applicants Print This W-4 Form
Realtor FAQ’S
Q: Is a License Required?
A: No. Any person such as a real estate agent, CPA, Insurance agent, etc. may originate mortgage loans as an unlicensed loan officer of First Florida Financial Group, LLC because we’re a correspondent mortgage lender.
Q: Is a Training Required?
A: Yes.All non-licensed mortgage originators are required by Florida law to complete “Continuing Education”. You can complete from your home and at your own pace.
Q: Are their any costs to get started?
A: No. Signing up is free!
Q: Is this completely legal?
A: Yes. Rest assured we are totally against illegal practices; therefore we are always informed with up to the lasted RESPA requirements.
Q: What will I receive at the end of the year a 1099 or W’2?
A: Unlicensed originators must be paid via a W-2, Social Security, Medicare, and Federal Withholdings will be deducted from your paycheck. If you have an active mortgage brokerage license you will receive a 1099.
Q: What is the Commission Split?
A: Check out our compensation page fore details.
Q: Do I have to meet a minimum quota?
A: No. You work at your own pace. As a Realtor/ Loan Originator you’re your own boss. Although as a loan originator you will have to follow the direction of First Florida Financial Group, LLC.
Q: Who will help me through the Process?
A: First Florida Financial Group, LLC has put together a team of professionals which will FACILITATE the entire process.
Q: Who will help me through out the loan process?
A: You will be teamed up with one of our Senior Mortgage Professional that will structure the loan, price and place.
Q: Will my Clients be charged more to cover my commission?
A: No. the client will never be charged extra to cover your commission, remember in all transactions there is a Loan Originator or Mortgage Broker in this case there is no difference, you are the Loan Originator.
Q: How much time will loan originating take from being a Realtor?
A: Originating loans with First Florida Financial Group, LLC will take very little effort on your behalf, our system of operations has streamlined the whole process. You won’t believe it’s so easy.
Q: Can I originate all types of loans?
A: You are not allowed to originate FHA or VA loans. Howver you potential is unlimited because you can participate in most all types of loans including commercial transaction!
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