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#18091 - 07/27/06 12:39 PM 50% commission on loan for REFERRAL!
grigerny Offline
Junior Member

Registered: 07/27/06
Posts: 6
I am a Mortgage Banker, licensed in over 40 states and am seeking a business partnerships in which I split my loan commission with you!

Get 50% of my commission just for the referral!
Average broker commission is $5,000-$12,000!

Now you can get paid on the sale and on the financing!

I have over 10 years experiance and can lend in all scenarios...Bad Credit, No Credit, No Income, etc.

Lets work out a business plan where we can both make money!

If you are interested plese contact me via email so I can call you and discuss your options in detail!

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#18092 - 07/27/06 12:43 PM Re: 50% commission on loan for REFERRAL!
Carla in Colorado Springs Offline
Veteran Member

Registered: 06/08/05
Posts: 899
Loc: Colorado Springs
How are you able to do loans from jail?
_________________________
Carla Starkie
Productivity Coach/ Associate Broker
Keller Williams Realty
http://CSColorado.com
http://stereofame.com/cstarkie
Find me on Facebook- Carla Cornett Starkie
or
Carley Starr (stage name) http://facebook.com/carleystarr

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#18093 - 07/27/06 12:46 PM Re: 50% commission on loan for REFERRAL!
greg4mtgs Offline
Member

Registered: 02/20/06
Posts: 92
Loc: Palm Beach County, Fl
Why don't you submit your physical addy so the Feds can roll right in to your location without having to look you up. The clients referred to you must feel like they are getting quite the deal with you making 5-12K per loan. I wish it was sooner rather than later that the weeding out process would begin for loan officers
_________________________
"The truth the whole truth and nothing but the truth"

www.CommunityMortgageFL.com

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#18094 - 07/27/06 12:46 PM Re: 50% commission on loan for REFERRAL!
grigerny Offline
Junior Member

Registered: 07/27/06
Posts: 6
Carla, so are you interested?

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#18095 - 07/27/06 12:50 PM Re: 50% commission on loan for REFERRAL!
grigerny Offline
Junior Member

Registered: 07/27/06
Posts: 6
My business is valuable Greg, I don't sleep on my clients, they get their loans closed. This is what I do and im not going to make .25% on a loan for working on it.

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#18096 - 07/27/06 02:48 PM Re: 50% commission on loan for REFERRAL!
RealDealer Offline
Veteran Member

Registered: 10/29/04
Posts: 794
 Quote:
I don't sleep on my clients
You sleep with them?

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#18097 - 07/27/06 03:38 PM Re: 50% commission on loan for REFERRAL!
Gulf Winds Offline
REO Slave
Major Contributor

Registered: 02/04/06
Posts: 1715
Loc: USA
Hahahaha
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut

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#18098 - 07/27/06 03:53 PM Re: 50% commission on loan for REFERRAL!
grigerny Offline
Junior Member

Registered: 07/27/06
Posts: 6
You guys must be real professionals.

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#18099 - 07/27/06 04:01 PM Re: 50% commission on loan for REFERRAL!
openthathouse Offline
Member

Registered: 02/23/06
Posts: 84
Loc: Sacramento, California
_________________________
REALTOR in The Sacramento Region.
Loan Consultant Commercial Loans /Hard Money / Venture Capital / Farm Loans
www.openthathouse.com www.goldenbearloan.com

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#18100 - 07/27/06 07:21 PM Re: 50% commission on loan for REFERRAL!
Jflynn Offline
Member

Registered: 07/16/04
Posts: 2899
 Quote:
Originally posted by grigerny:
You guys must be real professionals.
You ought to read this before you start smarting off:

Violations of Section 8's anti-kickback, referral fees and unearned fees provisions of RESPA are subject to criminal and civil penalties. In a criminal case a person who violates Section 8 may be fined up to $10,000 and imprisoned up to one year. In a private law suit a person who violates Section 8 may be liable to the person charged for the settlement service an amount equal to three times the amount of the charge paid for the service.
_________________________
Dallas Real Estate

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#18101 - 07/27/06 07:41 PM Re: 50% commission on loan for REFERRAL!
Gulf Winds Offline
REO Slave
Major Contributor

Registered: 02/04/06
Posts: 1715
Loc: USA
Where did the comedian go???

The fact that they don't know/think that it's illegal to do this is sad, expecially since they claim to have been in business for 10+ years.
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut

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#18102 - 07/27/06 08:13 PM Re: 50% commission on loan for REFERRAL!
PWRAgent Offline
Junior Member

Registered: 02/21/06
Posts: 5
Loc: NW Indiana
What I understand this to be, and I have heard other mortgage people state this, there are 13 steps that are identified in the mortgage process. And, if someone were to do at least 5 of these steps they could be entitled to a fee.
One step is ordering Title work or attending the close. Simple, but I would suggest reading more in depth.
_________________________
A man and office that is different.

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#18103 - 07/27/06 08:27 PM Re: 50% commission on loan for REFERRAL!
Jflynn Offline
Member

Registered: 07/16/04
Posts: 2899
 Quote:
Originally posted by PWRAgent:
What I understand this to be, and I have heard other mortgage people state this, there are 13 steps that are identified in the mortgage process. And, if someone were to do at least 5 of these steps they could be entitled to a fee.
One step is ordering Title work or attending the close. Simple, but I would suggest reading more in depth.
Please show us where it says this in an official source.
_________________________
Dallas Real Estate

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#18104 - 07/27/06 08:45 PM Re: 50% commission on loan for REFERRAL!
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2744
Loc: CO
 Quote:
Please show us where it says this in an official source.
For me it's close enough:
http://www.frascona.com/resource/jag_daf705respa1.htm

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#18105 - 07/27/06 08:52 PM Re: 50% commission on loan for REFERRAL!
Jflynn Offline
Member

Registered: 07/16/04
Posts: 2899
 Quote:
Originally posted by pikes peak:
 Quote:
Please show us where it says this in an official source.
For me it's close enough:
www.frascona.com/resource/jag_daf705respa1.htm
(edit) Grigerny's proposal is still illegal for at least 3 reasons. See my discussion a few posts further down in this thread.
_________________________
Dallas Real Estate

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