MORTGAGE BANKING
OPPORTUNITIES
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SENIOR EXECUTIVE POSITIONS |
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NATIONAL SALES MANAGER Compensation negotiable depending on qualifications of candidate Unique opportunity to join a 21 year old rock-solid New England Regional Direct Lender currently closing $320MM+ a month. Company has 325+ employees in retail lending offices in New England, Mid-Atlantic, South East, Mid-West and West Coast areas and is currently licensed to do business in 35 States. You will be challenged to increase growth nationally through direct Corporate Branches, Joint Ventures and Affiliated Business Arrangements. Five year plan is to grow the company to the top 1 percentile ($10B in retail production) and to participate in taking the company public to fuel that growth.
Successful candidates for this position will be currently managing retail loan production on a regional or national level with a proven and verifiable track record of results over the past 10 years and a burning desire to architect and execute a national expansion plan within a 5 year time frame.
If you wish to discreetly and confidentially explore this once-in-a-career opportunity please contact Tom Phinney directly at 617-364-5400 ext. 101 |
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JOINT VENTURE OPPORTUNITIES |
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JV & ABA PARTNERS PROFIT $HARING, EQUITY OWNERSHIP & FUTURE $TOCK OPTIONS THE PARENT COMPANY PROFILE: New England based Direct Lender with Corporate offices, Affiliated Business Arrangements and Joint Ventures throughout New England, the Midwest and other East and West Coast cities. Company is currently closing in excess of $250MM monthly of loan products that include HELOCs, FHA/VA, State Bond programs, Jumbos to $3MM and some small commercial and builder/construction loan products. Enjoying Delegated Underwriting with most of it's Investors and unfettered access to Warehouse Lines, this company is licensed to lend in 35 States. Because of it's current monthly volume and 20 year high-quality lending track record (Has not had to buy back a loan from any Investor in it's history), This company gets the best wholesale pricing from it's Investor Resources.
IDEAL ABA CANDIDATES:
ABA PLAN BASICS: You and your staff will become W-2 employees of Partner making it most cost efficient for paying individual production commissions and to avoid having to acquire individual licenses in preferred states. Company will have it's name on your branch but it will be your lease and you will own your branch(s) and run your own P&L and, you decide if you need or want your own local back office staff. You or your LLC will be paid the branch profits on a monthly basis as your loan pipeline comes off the Warehouse Line.
IDEAL JV CANDIDATES:
JV PLAN BASICS: Depending on situation, Company will either pay a fixed monthly desk rental fee and/or assign a dedicated Loan Officer or Lending Team to service the JV Partner's Clients. this will be and has to be done in compliance with RESPA and other Federal, State and local government guidelines. Individual situations will dictate path both parties may be required to follow.
If you wish to discreetly and confidentially explore these very profitable opportunities, please contact Tom Phinney directly at 617-364-5400 ext. 101 |
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SALES MANAGEMENT POSITIONS |
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PRODUCING SALES MANAGERS NE Base Salary, Personal Production commission, 2-5 BPs over rides and profitability bonuses Solid East Coast based Bank with a national footprint and a totally committed Mortgage Banking Management Team. Build, Manage and Mentor a Retail Loan Origination sales force and lead by example. These Producing Management positions exist throughout Connecticut, Massachusetts, Maine and New Hampshire. There will be opportunity for further career growth as this bank takes advantage of the void being created by the exit of other mortgage lending entities throughout Massachusetts and other New England and Mid-Atlantic States and Mid-Western states..
This bank is currently offering all types of loan programs from first-time buyer up to portfolio super-jumbos, construction and small commercial loans. Killer pricing from numerous Wholesale Lending sources easily places this bank below the top five National Lenders and even most of the local Mortgage Brokers.
Successful candidates for this position will currently be a Producing Manager in Northern Mass area or even a Seasoned High Performance L/O with easily recognizable leadership talent ready for his/her first management position. For more details on this unique opportunity please contact: Tom Phinney at 617-723-8135 Ext. 122 or 617-364-5400 Ext 101 or E-mail Tom@ABA-INC.COM |
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Area Sales Manager - Southeastern Massachusetts 10 Basis Points over ride on Retail Loan Production** Massachusetts Regional Direct Lender with Corporate 0ffice on the South Shore and two satellite branches in the North and West Suburbs, seeking seasoned sales management veteran to take over the Sales Management function from a Managing Partner. Will inherit 15 Loan Originators currently closing in excess of **$25 Million a month (Company closed $300+MM in 2003, 2004 and 2005). Will be challenged to grow the retail loan production throughout MA, RI and NH to the $60MM a month level and beyond.. Company offers highly competitively-priced loan products for all class of borrowers from first time buyer FHA and State Bond programs to the Super Jumbos. Company currently using Calyx Point and most of the Loan Originators are using Laptops for personal production. Company offers a comprehensive Benefits Package to all it's current staff of 40 employees. If you are currently a successful Sales Manager seeking an entrepreneurial company offering an exceptional compensation package, equity ownership potential and all the right tools to help you to recruit and retain top-performing Loan Originators then this may be the perfect career-advancement position for you. to discreetly explore this unique opportunity, call me. Tom Phinney at 617-723-8135 Ext. 122 or 617-364-5400 Ext 101 |
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SALES POSITIONS |
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Retail Loan Originators $50K to $2+MM From 1982 to present, we have helped over 1000 Mortgage Banking Professionals find that just right Loan Origination position for themselves. We know who will survive and prosper in 2008 and who won't from the smallest Net Branches all the way up to the largest of the National Lenders.
We are intimately familiar with their loan products, compensation plans, future plans and whether they are subject to an impending buyout or are contemplating a sudden shutdown. With the 2008 Spring Purchase market on the immediate horizon, NOW is the time to evaluate if your present employer is supporting you in every way in this highly competitive retail lending marketplace.
There are certain Lenders out there ranging from the Seasoned Mortgage Brokerage Firms to the pro-active Banks that are positioned correctly having both the skilled management expertise and the back office support talent on board to help their Loan Originator Professionals continue to be successful. We know all the pricing and marketing strategies of these lenders and their commitment to keep their L/Os well ahead of the competition.
If you are not totally comfortable with the future prospects of your current employer, You really need to call me soon!
Tom Phinney at 617-723-8135 Ext. 122 or 617-364-5400 Ext 101 |
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JUMBO LOAN ORIGINATOR $500K TO $2,000,000** THE number One Jumbo Lender in the United States is seeking to add more Stars to their already existing Powerhouse of Major-League Hitters based right here in New England as well as recently added offices in New York, PA, Chicago, CA and Florida. They are the "No Baloney, No Excuses, Just Results" Lender offering the Absolute lowest 15 and 30 year fixed, no points, no closing costs loans as well as the lowest prices on other Jumbo Loan products highly desired by the High Net Worth Borrowers. On top of that, they offer the lowest closing costs and fastest consistent turn time of ANY of the National Players specializing in the jumbo arena today. This company also offers their employees Great Medical and 401K benefits and has been a household name amongst the high-net-worth crowd since 1988. (The $2007 earnings of the existing long-term L/Os range from a low of $200K up to the $1+ Million range) For more information, please
contact: Tom Phinney at 617-723-8135 Ext. 122 or 617-364-5400 Ext 101 |
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Wholesale Account Executive (s) $Negotiable Draw vs. commission and
residual income Newly established Credit Card Processing Firm based in Eastern Massachusetts seeking
For more details on these unique opportunities,
please contact: Tom Phinney at 617-364-5400 Ext 101 or E-mail Tom@ABA-INC.COM |
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LOAN OPERATIONS POSITIONS |
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To all Loan Operations Candidates We are not currently conducting any back office or Loan Operations Management searches. During 2007 over 80,000 support positions were eliminated within the mortgage industry nationally. The worst, we sincerely feel, is finally behind us and 2008 is shaping up to be a cautious growth period for all players still left standing in the local and national marketplace. The following positions are openings that we have filled in 2006 and early 2007. We do contact people from our extensive national database before advertising or doing Direct Source Recruiting. If you wish to submit your resume for consideration for future Operations searches, please do so at:
You may also fax your resume to us at:
617-723-8140 Privacy Policy: All inquiries are treated with strict confidentiality and your resume will NOT be submitted to any one of our client companies without your prior knowledge and approval.
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Vice President Regional Operations Manager $140 - $160K FILLED WITH INTERNAL APP 12/19/06 Position will "Partner" with a Senior Vice President and Regional Sales Manager for a top-ten National player that is currently closing between $200MM and $300MM a month in retail closed loan volume. You will be responsible for Ops productivity, Quality Control, Hiring Staffing and Strategic Planning for Two Regional Operations Centers located in MA and NY, Seven Standard Branches with complete back offices and 24 Sales Branches where loans are processed by the Regional Ops Centers. Position will involve 25% travel throughout region which currently consists of Boston south to Hartford CT and upstate NY from Schenectady north. Preferred base location for this position will be at a Northeast Regional Executive Suite in the metro west or North Suburban Boston area. Candidates for this position will have a Bachelor's degree or equivalent experience and at least 5 years in a Management Role with a mortgage company closing in excess of $100MM a month from multiple sites. |
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MORTGAGE TECHNOLOGY MANAGER $70 - $90K (filled 02/03/07) $2 Billion Plus Massachusetts Bank seeking candidate to manage sophisticated technology utilized by Mortgage Banking subsidiary. This will include: New Internal Technology Development/Creation: Code, test and deployment of new web-based applications (both outward and inward facing) to enhance/expedite the user/customer experience at the bank, reduce the cost associated with the loan process (in both materials and labor) while ensuring stronger compliance through automation and database connections to the core systems. (Understanding of relational database development, server side web programming (ASP, PHP), client side scripting (JavaScript), as well as current application connections (E3 Connect) will be needed)
New External Technology Application: Research, document and report to Senior Management information regarding new technologies of interest to all areas of the Mortgage Company. Work with the Information Technology department and E-commerce to document, install and deploy any new technologies identified as required by the Mortgage Company and the organization. . Successful candidates for this position will have a Bachelor's degree, 2-4 years related experience and/or training; or equivalent combination of education and experience. Experience in the Mortgage Banking Technology support area required. Harland Financial Interlinq application enterprise expertise would be a major asset in qualifying for this position |
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WHOLESALE OPERATIONS MANAGER $75 - 100K Filled 4/6/2006 Back Office Relocation has created an opportunity to join this National Mortgage Lender with a long-standing track record in the New England marketplace. Will oversee a 10-person back office team handling a $50MM+ monthly pipeline of both A Paper and non-prime loans. You will manage the Underwriting, Closing, Post Closing and Rate Lock functions. Interact with Account Managers and Account Executives as well as their customer base Exceptional benefits package includes cafeteria style Med, Dental, STD and LTD plans to chose from along with a tax deferment and 401k plan with 50% matching on the dollar
Successful candidates for this position will have 6 plus years overall residential mortgage banking experience with at least three years in management role oversee a production volume greater than $40 million a month. |
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LOAN CLOSING MANAGER Boston MA $50-60K FILLED 5/10/2006 Excellent Growth opportunity to join High Performance Lending Team dealing predominantly with the High-Net-Worth Borrower. Will work closely with Managing partner in a Team setting servicing Loan Officers in MA and another Mid-Atlantic State Branch. Supervise 3 Loan Closers handling an average of $50 MM a month of Jumbo Loan Programs, Standard F/F fare and some construction loans. Will be the "go to" person in the department as it pertains to compliance issues, funding and need for rate lock extensions, etc.
Successful candidates for this position will have 5 plus years overall mortgage experience with at least two years in a Team Lead or management role handling a volume equal to or greater than $30 million a month.
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FHA-DE Retail Underwriter/Team Leader $52 - 65K + quarterly bonuses (temporarily on hold) Excellent Growth opportunity to join High Performance Lending Team recently acquired by Leading New England Regional Lender. Will oversee branch level processing from this West Suburban Branch and it's satellites that handle loans from the 'Boros to Springfield area. Will work closely with Regional Operations Manager in decisioning and closing loans in a high-volume setting. This position will eventually lead to a Management role as this high-powered team assembles and controls the territory it has dominated over the past ten years. You will be the "go to" person in dealing with both support level staff as well as the L/Os that will work out of this Regional Office and it's Satellites You will deal with a variety Wholesale Lenders in assuring a smooth approval and closing process for the firm's clients.
Ideal candidates for this position will have 5 plus years overall mortgage experience with at least two years in a Sign-Off or Delegated Underwriter capacity dealing with multiple Investor loan products including FHA..
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Sr. Loan Processor To $48K + Paid O.T. FILLED 6/21/2007 Well Known Regional Lender is seeking a Retail Loan Processor for their Western MA Route 495 area Branch Office. Assemble loan packages from Loan Officers covering several New England states, utilizing DU and LP before submitting to underwriting.
You will need at least three years processing experience in a high volume shop with expertise using D/U and/or L/P. Full benefits package including 401K & stock options offered. |
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Loan Processor To $43K BASE + BONU$ FILLED 4/1/2007 National Mortgage Company with a substantial New England presence is in need of a Loan Processor. Process loans before submitting them to Underwriting, handling 80-120 loans in pipeline and coordinate with loan closing. Prior retail lending experience with a multi-investor mortgage company is preferred. Fantastic bonus incentive as well as a comprehensive benefit package offered. |