•Benefits can begin the 1st of the month after employment

•Medical

•Dental

•Vision

•401K

•Direct Deposit

•24 Hour on-line access to your Branch Profit Account "BPA".

•You can receive a check every week through either payroll or qualified and documented expense withdrawals from your BPA.

•All checks are received in your office by Friday of the same week.

•Human Resources

•Accounting

•Programs and Investors

•Closing

•Pricing & Locking Loans

•Quality Assurance & Compliance

•Procedures & Loan Submission

•Pipeline & Branch Management

•Marketing

•Information Technology

•Open Q & A

•Over a 2 day period, our comprehensive orientation includes all areas of our operation to insure a smooth transition

Many people are becoming involved with a flat fee Branch recently.

 

 

The simple truth is that most of the time flat fee Branch opportunities do not work. Flat fee Branch opportunities include a high overhead, no support, rat race conditions. With flat fee Branch opportunities you need a brick and mortar, there’s no way out.

 

Many states consider flat fee Branch work to be no better than a rent-a-license scheme, which are usually illegal. Working with flat fee Branch can be a dangerous hook for the under-informed investor. Flat fee Branch schemes lure investors in with promises of 100 percent commission, flat rates, and no extra fees. But what’s 100 percent of nothing?

 

Simply put, flat fee Branch schemes are simply that. Schemes to get your money. When you get involved with a flat fee Branch opportunity expect to be gouged by hidden fees and charges and then simply cut free to wander through the labyrinth of business alone. Flat fee Branch schemes usually provide limited or no support for you financial enterprise, leaving you completely adrift. Flat fee Branch schemes will often have misleading financial documents that claim to offer you better financial deals then they really do, because their documents are processed in confusing and sometimes fraudulent ways.

 

Some of these flat fee Branches are not even licensed correctly or legally, giving you no legal standing in such cases as fraud or misleading information given to take your money. Although many of these flat fee Branch schemes appear legitimate on the surface, keep in mind that they often only hold themselves to standards set by their own company.

 

Any company who offers you a financial partnership without providing adequate support and communication between the parent company and the newly established company is quite likely to be a scam of some kind, or at best a poor investment choice. Watch out for seemingly good opportunities, such as a flat fee Branch opportunity that are really schemes to take your money.

Stay in the Mortgage Origination business long enough and you will eventually have to face the inevitable: changing companies. Unfortunately, most originators go through a series of agonizing events within their current company before they make the ultimate decision to move on. Once you have made up your mind to go, there usually is no turning back. Most people do not like facing this change, knowing every time they hand out a new business card there seems to be a price tag attached. Most originators say their main concern is how their business will be affected by this change, and what the new company will do to help make the transition as painless as possible.

 

When choosing your next company, whether as an originator or Branch, you need to first look at what drove you to this crossroads and at the same time, identify what it is you are looking for in your career and that next company. Learn from your experiences, and know what questions to ask. Carolynn Monaco, President of RealEstateBestJobs.com tells every prospect that goes out for a potential new job to actually interview the people who were supposed to be interviewing them.

 

Put your questions down on paper, and keep notes on the responses you get. Look for consistencies or inconsistencies in the way your questions are answered. Once you feel comfortable with what you are hearing, ask this final question, "What is your company’s policy on helping a new branch through the transitional period as well as ongoing support once we are up and running?"

 

Residential Home Funding understands these concerns and has implemented an "Operational Rollout Team" (ORT). "Our ORT ensures a smooth transition for our new branches and Originators", says Maxine Smith, Vice President of Branch Operations. "Although new branches go through intensive two day training at our Corporate Office, we realize that when a Branch Manager returns to their office, the real transition starts. The first few months can be trying, so that is when out ORT kicks in."

 

"ORT consists of seasoned professionals from various departments throughout Residential Home Funding", says Maxine Smith, Vice President of Branch Operation. "Together, with other senior managers, we hand pick a team consisting of an Underwriter, Closer, Technical/IS Support Specialist and Compliance Specialist designated to support the specific requirements of the branch".

 

After two weeks of a Branch joining Residential Home Funding, and periodically thereafter, Branch Managers are asked to complete a Service Satisfaction Survey to assure an optimal level of service and continued support. In addition to the outstanding benefits of our Branch Affiliate program, Residential Home Funding wants to ensure a transition that is as close to seamless as possible, where the only change your borrowers and Realtors notice is the increased level of customer service.

Frank Kuri
Vice President Branch Development
Residential Home Funding
4 Wood Hollow Road

South Entrance

Parsippany, NJ 07054
(973) 233-5965 
fkuri@rhfunding.com