Loan Officer
Are you ready to make your final move? Here’s why Insight Mortgage Corp. should be your next and final move.
We offer one of the highest and most straight forward compensation plans in the industry, ranging from 100 bps to 200 bps! We do this all while managing to keep our rates more competitive than local banks, credit unions, and correspondent lenders.
Let’s see how the comp plan looks based on a modest $250,000 loan amount average.
An average of the loan officer’s total closings from Jan 1st to June 30th is calculated and will determine the compensation for applications dated July 1st to Dec 31st. (See chart below)
An average of the loan officer’s total closings from July 1st to Dec 31st is calculated and will determine the compensation for applications dated Jan 1st to June 30th. (See chart below)
100 bps = 1 per month average ($250K Loan Avg = $2,500/month - $30,000/year)
120 bps = 2 per month average ($250K Loan Avg = $6,000/month - $72,000/year)
130 bps = 3 per month average ($250K Loan Avg = $9,750/month - $117,000/year)
140 bps = 4 per month average ($250K Loan Avg = $14,000/month - $168,000/year)
150 bps = 5 per month average ($250K Loan Avg = $18,750/month - $225,000/year)
160 bps = 6 per month average ($250K Loan Avg = $24,000/month - $288,000/year)
170 bps = 7 per month average ($250K Loan Avg = $29,750/month - $357,000/year)
180 bps = 8 per month average ($250K Loan Avg = $36,000/month - $432,000/year)
190 bps = 9 per month average ($250K Loan Avg = $42,750/month - $513,000/year)
200 bps = 10 per month average ($250K Loan Avg = $50,000/month - $600,000/year)
We’re all about transparency and believe we should disclose the compensation being paid for your services upfront, especially since it is so competitive. Here at Insight, the company’s compensation is 262.5 bps or less on every loan. This includes Conventional, FHA, VA, USDA, Jumbo and any other program that we offer. This means thousands of dollars in lender credit can be available for your customers, especially on Gov Loans. We have NO padding, NO special rate sheets; just raw wholesale pricing direct from 25+ lenders which allows you to compete against the best and…Win!
We are licensed in NH, MA, ME, and FL offering just about every program available and always adding more. If there’s a program we hear of that we can get, we get it! We have zero concerns for program overlays, as most of our lenders are direct with Fannie and Freddie.
We offer the most aggressive guidelines and unique products in the industry. Compare some of our Niches and see how many more loans you’ll be able to close with us.
You’ll have access to the most high-tech, easy, and convenient tools in the industry to make closing loans easy and with minimal effort.
For exclusive leads, you’ll earn 80 bps should you wish to receive them. Short on time, we can help set up your CRM, should you wish to use one.
We provide you with loan coordinating support, as the processors deal directly with your clients from application to close (Unless you prefer otherwise). It’s our belief that a loan officer’s job is to originate new loans and not be slowed down by processing related duties.
As far as benefits, we offer 401K with a match up to 3%! We also have group health care options.
Take control of your business and feel like you’re a client to the lender rather than an employee. Say good bye to rebranding and changing your business cards forever…or at least until after your move to Insight!
We’re looking forward to speaking with you and making your transition to Insight Mortgage Corp. as smooth as possible. Call or message Ryan McGinnis at (603) 512-8476 for more information.