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THE BENEFITS OF BEING A LOAN OFFICER AT
CHERRY CREEK MORTGAGE.
At Cherry Creek Mortgage Company, we realize that good loan officers
are always in demand and have the option of working wherever they
want.
Consequently, we strive
to provide an environment that offers a loan officer benefits that
will contribute to their long-term growth and development of their
full potential while at the same time, enabling them to live a balanced
life.
These benefits include:
Superior leadership.
On-going coaching and accountability to ensure that the goals of
growth and balance are realized.
An in-house marketing department to assist our loan officers in
standing out from the crowd when approaching, developing and maintaining
professional referral relationships.
An aggressive 3-step commission program that rewards production
and growth rather than complacency.
Great processors who take responsibility for the file so our loan
officers can spend their time prospecting and marketing rather than
processing their own loans.
A corporate commitment to grow only through retail loan officers
that guarantees our loan officers that their cares, concerns and
ideas are a number one priority.
A corporate benefit plan that includes access to health insurance plans through Humana and Kaiser, a 401(k) plan, life insurance
and disability insurance (an unusual plus for commissioned loan
officers).
All Cherry Creek loan officers are employees of the company and
receive a W-2. This is a great benefit to our loan officers because:
A) They don't have to scramble at tax time to find the money they
need to pay their taxes.
B) They save 7.65% (FICA and Medicare) that they would have to pay
if they were independent contractors. (Independent contractors pay
15.30%.)
C) They are covered by workman's comp in the event they were injured
on the job.
Corporate participation in marketing and team support.
Dynamic personalized website to wow your internet savvy clients.
Databasing in the loan officer's name to help build "clients
for life" and maximize referral opportunities.
THE CHERRY CREEK COMMISSION PROGRAM
Many mortgage companies and Banks have commission programs that provide little or no incentive to their loan officers for either exemplary performance or for their selling skills.
Our commission program rewards a loan officer for both of those attributes, which means good loan officers often see their w- 2's increase significantly.
A HUGE APPRAISAL ADVANTAGE--Most lenders in today's strict HVCC rules environment are forced to have their appraisals ordered through Appraisal Management Companies (AMC's). This results both in a multitude of LOW appraisals and CONDITIONS that really don't need to be on the appraisal.
At Cherry Creek all our appraisals are done by 5 local appraisers that we have used for the past 15yrs, and who receive their full pay minus just $25 compared to only $175-$200 for AMC appraisers. This means that our Realtors love us because their deals have a 100% better chance of receiving a true and accurate appraisal. This is a massive USP for a Cherry Creek loan officer in today's world.
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