Have used Anchor for a refinance before and they were great. This time I needed a loan for a purchase and came back, and Eli Moss was very very helpful. He got me a great loan for a Condo and those types of loans can be difficult at times! Many thanks to Eli and Anchor Funding.
If you are 1099, you will be paid 100% commission minus a flat fee of $595. If you are W2, you will be paid 90% of the commission minus a flat fee of $595. Optional In-House processing fees are $795 per brokered transaction. On brokered transactions, if you use Anchor Funding, Inc's. processors, the processing fee will be deducted after the $595 flat fee. For compliance, Anchor Funding's in-house processors are used on all banking loans at a cost $795 per loan charged to the borrower on the Loan Estimate.
No, you do not have to have previous experience in order to join. If you have closed less than 2 transactions in the last 12 months, we will pair you up with a Concierge Loan Officer (CLO)on one of our amazing Loan Officer teams. Your CLO officer will help train and guide you. Your Concierge Loan Officer will be paid pre-set number of BPS per transaction.
<p>Absolutely, we can introduce to as many loan officers as you like who can share their experiences with you.</p>
<p>Seven states and adding states monthly. Currently: CA, AZ, NM, CO, AL, FL and TX with many more pending approval.</p>
Yes you can, depending on your experience and state requirements and you will run your own P and L.
1099 Compensation - You will get paid $300 per closed transaction on their first 5 closed transactions.
W2 Compensation- You will get paid $270 per closed transaction on their first 5 closed transactions.
In-house processing fees are $795 per brokered transaction. On brokered transactions, if you use Anchor Funding, Inc. processors, the processing fee will be deducted after the $595 flat fee. For compliance, Anchor Funding’ s in-house processors are used on all banking loans at a cost $795 per loan charged to the borrower on the Loan Estimate. You are not charged for loans that do not close.
Yes, on brokered transactions you can use a 3rd party licensed independent processor or service. For compliance, Anchors Funding, Inc’s in-house processors are used on all banking loans and charge $795 per loan charged to the borrower on the Loan Estimate.
Once you have submitted and locked your file, Anchor Funding's disclosure desk will send out initial disclosures. Once your borrower(s) sign the disclosures your processor will take over and do all the work needed, constantly communicating with you and your borrower(s) taking your file to close. Anchor Funding only hires highly trained and seasoned processors, who get a bonus per file once the file closes.
Anchor Funding offers FREE training, and FREE marketing support.
* We provide Free social media and email marketing.
* Our support team is always available for underwriting questions, pricing and scenario questions
* Anchor Funding's community of seasoned loan officers provide you with peer to peer support.
* Our lenders representatives are available to provide product training and help with scenarios.
* New originators are paired with a seasoned loan officer concierge on their first few loans.
* Kevin Lyons, a top originator for over 25 years and the CEO offers on-going training.
Anchor Funding uses a web-based Point-of-Sale software, secure client doc upload platform, online 1003 and Loan Operating System. Your borrowers can do electronic loan applications and upload documents securely. You can run DU/LP, price loans and lock all in one platform.
You will be listed as a loan officer on Anchor Funding's website with a micro-website that has an online 1003 and contact info for your borrowers to complete. Anchor Funding can also help you set up a separate website for you at no charge. You will have to purchase a domain first. You can purchase a domain at GoDaddy.com. You only have to pay GoDaddy the annual fee around $20/year. The domain will need to have your full name as part of the address. i.e., www.yourname.com
<p>It is very easy to do. Please use this link <a href="https://mortgage.nationwidelicensingsystem.org/licensees/resources/LicenseeResources/Loan-Officer-MU4-Filing.pdf">https://mortgage.nationwidelicensingsystem.org/licensees/resources/LicenseeResources/Loan-Officer-MU4-Filing.pdf</a> as a guide on to how to join on NMLS. Once this is done, please allow Anchor Funding Inc to sponsor your license. Anchor Funding, Inc’s NMLS number is 236419</p>
<p><span style="font-weight: 400;">Anchor Funding then accepts your sponsorship, runs a background check and starts the onboarding process.</span></p>
<p>Yes, our on-boarding team will be happy to assist you.</p>
<p><span style="font-weight: 400;">Our on-boarding team will help you set up an account with our credit vendor, AAdvantage credit. There is no set-up fee. During your transactions, your cc will be charged credit fees automatically, and you will be reimbursed after the loan funds.</span></p>
On occasion, lenders require a verification of employment whereby the work number or a third party verification system is used by employers which is paid by the loan officer.
Credit vendors do not allow you to pull your own credit unless you are applying for your own home loan.
Most lenders and states do not allow for this. You should ask for another loan officer to be the originator on your loan.
Until your license is sponsored and approved by the state/s you are being sponsored for, you are not allowed to perform any licensing activities under Anchor Funding. Most states take a few days for licenses to transfer over.
<p>Absolutely!</p>
<p>Absolutely!</p>
<p>Yes you can, depending upon the state, as long as it’s disclosed to both the lender and the client. Please notify our disclosure team before the loan is started so we can give you the relevant disclosures.</p>
<p>You can originate loans in all states Anchor Funding is licensed in.</p>
<p>We work with UWM, the #1 lender in the nation.</p>
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