Second career or just extra income

[LAZYB]

...and you can obtain additional skills while...

serving your time in jail.

 

[MachPi]

First protocol of the internet: trolls are everywhere.

 

[767/757]

Having originated mortgages off and on for 15 years, I can testify that there is something rather shady about this. No, nothing shady. The residential lending industry is full of scumbags that rely on people's ignorance to make a living. True, it is wise to stay away from folks like that. These scumbags are the mortgage lenders that prey on people like the elderly and only suggest a product that will pay the lender a higher commission. That is why I offer any potential client as many options as their credit rating will allow. In the end, they are enpowered and make the dicision to go with me or not. I would wager this is one of them. It IS NOT a business that you can be successful in part-time unless you are highly knowledgeable and have a terrific support team. This is correct. It does take time to build a business however, the support given at GEL is unpresidented.

It strikes me that this is something that would benefit you very much. Having been in the mortgage busines for many years, you alredy have some networking avenues established. Now you could handle mortgages Nationwide.

I have several questions for you 757/767:

What states are you licenesed in? (Several states do not require licenses). None. As a W2 employee of GEL, the company holds all of the licenses hence why I can orginate loans in all but 2 of the 50 states. Are you able to do that?

How long have you been originating loans? About 3 months

What volume have you produced over the last 6 months? I try for 2 mortgages a month - but I am doing this part time

How many originators work for your firm that you have met that have been in the business more than 5 years? No one that I know of. There are many many others with more than 5 years of experience if you look at the entire GEL orginazation.

What lenders does your firm work with?

We use 225 lenders nationwide, including:

J.P. MORGAN MORTGAGE CAPITAL INC. Midwest
A C I
Access Capital Funding Group LLC
ACCION Texas
Advanced Financial Services of CA., Inc.
Aetna Capital
Akamai Mortgage Hawaii, Inc.
Alexander Realty Capital, Inc
Alison Company
Alliance Funding Group, Inc.
ALPINE LEASING, INC.
American Aircraft Funding Company
American Investor Services
American Mortgage Express Corporation
American Property Financing
Amerifund, Inc.
Amerisave Mortgage Corporation
Apartment Lending Group
Apartment Lending Group 2
ARCS Commercial Mortgage Co. L.P.
Aries Capital
Associated Farm Mortgage, Inc.
Atlantic Business Capital
Avy Consulting Int'l
BancFirst
Banco Popular
Bank of America
BAnk of America Business Capital
Bank of Hemet
Bank of Internet USA
Bank United
Bankers Capital Network
Barden Capital, Inc.
Baron Financial Group
Baytree Funding, LLC
BB&T
Bibby Financial Services
Bison Commercial Leasing Corp.
Blackburne & Brown Mortgage Co. Inc.
Blue Crown Funding
BMC Capital, LP
Bond Street Capital
Bridge Capital, LLC
Business Alliance Capital Corp.
Business Bank of California
Business Capital Funding INC.
Business Finance USA
Business Financial Services
Business Loan Express
Cambridge Realty Capital Companies
Camel Financial Inc.
Capital Access & Funding Group
Capital Access Group
Capital Funding Solutions, Inc.
Capital Source One
Celtic Capital
Central National Bank
Christian Community Credit Union
CIT
CIT Group, Business Credit, Inc.
Citibank
Citizens Business Bank
Columbia Equipment Finance Corp
Column Financial
Comerica Bank
Commerce West Bank
Commercial Direct
CommercialCapitalcompany, LLC
commerciallending
CommercialLendingDirect.com
Community Commerce Bank
Compass Bank
Covenant Capital Corporation
Creative Capital Associates, Inc.
Crestmark Bank
Crown Investment Associates, LLC
CRS Funding Group LLC.
Dell Group
DESTINY CAPITAL CORPORATION
Direct Lending Group
Dwyer-Curlett & Co.
Elite Financial
Equipment Financing Group, Inc.
Equitable Life & Casualty Insurance Co.
Eustis Mortgage Corp.
Far East National Bank
FCN Mortgage
Fedfirst Commercial Capital
Financial Federal
Financial Solutions, Inc.
First American Realty Associates LLc
First Bank & Trust, Inc.
First Bethany Bank & Trust, N. A.
First Capital Source
First Choice Lenders
FIRST SECURITY LENDING
First Security Thrift
Fletcher Capital
FundingEdge
Genesis Commercial Capital, LLC
Gladstone Capital Corp
Global Church Financing
Golden Security Bank
GOURLEY & GOURLEY, LLC
Grace Capital Group, Inc
Greenman Funding
Horizon Mortgage and Investment Company
HPSC
Ilmarin Financial Services LLC
Indigo Capital Corp.
Inland Community Bank
Innovative Lease Services, Inc
Interbay Funding
International Capital Alliance Inc.
Ironwood Capital Ltd.
Jackson Federal Bank
John Hancock
John Hancock Real Estate Finance, Inc.
Johnson Capital Group
Kay Berry
Keystone Capital
Keystone Mortgage Corporation
Kingswood Leasing, Inc./Fast Source Leasing Inc.
KLB Busniess Consulting Inc
Larson Financial Resources
LaSalle Business Credit, Inc.
Leasing Unlimited Group, LLC
Lend Lease Real Estate Investments
Lending Trust Ventures Corp.
LIBERTY CAPITAL FUNDING USA
LJE Capital Funding LLC
LPI Healthcare Financial Services, Inc.
M&T Bank
Magic Financial Services, Inc.
Mason-McDuffie Financial Corporation
Meecorp Capital Markets
Mercantile Banc of Wisconsin
Merchant Finance Company, LLC
Metro Financial Services
Metro Funding Corp.
Metropolitan Funding corp.
Metwest Commercial Mortgage
MidCap Business Credit
MillionPlus Loans
Mission Oaks National Bank
Mitchell Mortgage Company
Money for Merchants LLC
Moneyline Funding
Morgan, Cox & Slater LTD
Mortgage Authority, Inc.
Nationwide Equipment Leasing, LLC
Network Finance, Inc.
New World Commercial Lender
NHL Funding
Nibarger Associates
Nordstrom Development Finance
North American Commercial Holdings, LLC
NTA Mortgage
Oak Financial
Olympic Coast Investment
Pacific Security Capital
Pacific Southwest Realty Services
Paragon Financial Group, Inc.
PBiz, Inc.
Pioneer Bank & Trust Co.
PMC Commercial Trust
Pre-Banc Business Credit, Inc.
Premier Commercial Bank
Premier Funding Group
Presidential Savings Bank, FSB
PRO-ACTIVE COMMERCIAL LENDING GROUP LLC.
Prodigy Capital
Provision Capital Corp
PW Funding Inc.
RDI Financial Services Inc
Realty Financial Partners
Referral Companies, Inc.
Restaurant Financial Group,LLC
Ridgewood Capital Group,LLC.
Rives Leavell &CO
RockBridge Capital
Rockland Credit
Royce Capital
Security National Capital
Silver Hill Financial
Sonoma National Bank
Southern California Leasing
Sub Zero Capital & Finance Corp.
Summit Financial Resources
Sun State Capital Corp.
The Erb Group
The Loan Depot, LLC
The Money Source, Inc.
UBG Financial Corp
Unistar Leasing
United Capital Funding Corporation
United Commercial Bank
United Financial Services Inc
United Labor Bank
USA Capital
USA Factoring
Van Corp Financial Opportunities,Inc
Variant Leasing Corporation
Vectra Bank
Velocity Commercial Capital
Virginia Community Lending
Vista Commercial Mortgage Group
Washington Federal Savings
Wells Fargo
Wells Fargo Business Line
West Charter Capital Corporation
Western Financial Bank
Westover Financial, Inc.
WILKINSON PEABODY ET COMPAGNIE, INC.
World Capital Bancorp, Inc.
World Savings & Loan
Ziegler Capital Markets
Zions Bank

 

[767/757]

World Leaderhsip Group WLG) was founded by Hubert Humphry's who also founded World Marketing Alliance (WMA). Hubert was forced out of the securities business due to a lack of oversight of the associates of WMA. This is not true. There were some people well down in the orginzation that resigned but not Humphry. The SEC was looking into WMA but they were also looking into many other of the top insurance companies for the same aligations. The company was ultimatly bought by AEGON for several billion. Do you think anyone would spend several billion on a company that was a fraud? They were doing some illegal stuff and WMA was unable to monitor their "downline associates". The SEC was all over this place so they changed their name to World Finanial Group (WFG). Hubert left and formed WLG. If you look at their websites, they are basically identical. They do not share home offices, but I know that the leaders of WFG are still very very tight with the leaders of WLG.

Within the last few years, you have seen WFG shifting into the mortgage business and coming closer to WLG. I would not be surprised to see these two entities come together to form a financial services company specializing in mortgages and life insurance. There are actually three seperate divisions within the company. Mortgage, Insurance, and Real estate. They do have limited access to retirement planning but it almost always consists of life or annuity based products. That is why AEGON purchased WFG because they sell lots and lots of VUL products for Western Reserve Live (WRL) which is also owned by AEGON. WFG and basically WLG started off as MLM businesses. They are trying very very hard to transform that image and become a legitimate company. If you are a good salesman and beleive that life and annuity products have a place in the world, you can do very good working for one of these companies. If you don't have that "Amway" personality, don't waste your time. Please - know what you are talking about. I am offering only mortgage lending as a W2 employee. Do you know of any MLM that offers W2 status? In the end, you either earn someone's mortgage business of you do not. It is THAT simple.

 

[Tooslow]

I smell Embry-Riddle cockiness here!!!!!!!

 

[767/757]

Not from me! Not that there is any thing wrong with ERU cockiness!



www.DomesticMortgages.com

 

[atpcliff]

Hi!

I always encourage pilots to substitute teach.

Wisconsin has the strictest requirements to be a sub, which is a 4-yr. degree. Most states have a number of college credits required, such as 60 credits beyond HS.

Most places need subs bad. I have subbed K-12 in 15 school districts. In NE WI where I live they paid about $100/day 2 years ago.

I would say subbing in the lowest grades are the most difficult, as you're always doing stuff. The highest technical HS subjects, such as Calculus, Chemistry or Chinese III are easy, because the teachers assume that you'll know nothing about the subjects, so they'ver prepared the lesson plans accordingly.

School districts typically have a computer call you in the morning. If you don't answer, they go to the next person. If you answer, it'll ask you if you want to sub in a certain position at a certain school. You can say yes or no.

Some districts call you, so you can call them ahead of time with your schedule to tell them which days you're available.

It's great to sub 3-4 days/month and make an extra $3-$400 dollars for the month.

Cliff
YIP