We Provide Mortgage Lending In The Following States:
- New Jersey
Blue Raven Group is the marketing arm of an industry leading mortgage banker. Based on your location, production, and needs, we can bring you on board. There are no boarding fees or monthly fees. Please review the highlights and fill out an application. One of our representatives will contact you within 24 hours and go over in detail the advantages of working with us. We are only looking for independent self generating representatives that are looking for a robust umbrella to send their loans through. Start earning more today!
|Licensing Requirements||nmls + individual state|
|Processing||In-house or by branch|
|Experience Required||2 years|
|Volume Requirements||3 loans/month|
|Borrower Closing Costs||$995/file for Underwriting,
$595/file for Processing
|Brokered Loans||Some wholesale channels available|
|Set-Up Time||48 Hours|
|# of states||13|
|Pay Period||a week after funding|
|Product Mix||Conventional, Conforming, FHA, VA, Jumbo|
Can I broker loans rather than bank them?
We recommend all loans are banked unless absolutely need to be brokered. You make more money as well as the bank makes more money if the loan is banked.
Can I work from my own home or office, and can I write this off as an expense?
You will be working from your own home or office. You definitely can invoice all of your office and marketing expenses to be paid 1099 to you.
Am I able to make overrides from Junior Loan Officers that I introduce to the bank?
Yes. You at any point are able to grow your branch and receive overrides from LOs brought on beneath you.
How long does it take to get fully set up, and what is the process?
Individual loan officers are usually a very quick setup…larger branches can take up to a week.
Can I process my own loans or use a contract processor?
Branches doing at least 3 million/month in volume can have their own processors and process their own loans. Smaller teams we recommend use our corporate processing….at least at first.
What originating software is used, and is it provided for free?
Encompass 360 is provided to all licensed reps for free. We also use NYLX pricing engine.