Will I be an actual branch or an independent loan officer?

Does the $400 fee cover both bankline and brokered deals?

How long does it take to receive payment after funding?

Can I originate FHA loans?

Do I have to use your processing or can I use my own in house processor or contract processor?

What would you say is the most important factor in running your own mortgage office?

What states are you currently licensed in?

 

Q. Will I be an actual branch or an independent loan officer?

A. The way most companies in our industry setup Independent Loan Officer’s (ILO’s) is illegal in the State of Washington and most other states. We only license actual branches of Washington Financial Group because our goal is to always be in compliance with all the rules and regulations governing our industry. This protects not only our future, but yours as well.

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Q. Does the $400 fee cover both bankline and brokered deals?

A. Yes.

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Q. How long does it take to receive payment after funding?

A. Currently we’re turning files within 24 hours. However, our stated policy is we guarantee 48 hours in compliance and 48 hours in accounting. We also offer direct deposit of your funds so you don’t have to wait for a check.

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Q. Can I originate FHA loans?

A. You can. They must be originated out of our office.

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Q. Do I have to use your processing or can I use my own in house processor or contract processor?

A. You only have to use our processing where state law requires it. Otherwise you are welcome to do your own processing out of your licensed location. If you have an off-site processor, then we must also license that location as a branch of Washington Financial Group.

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Q. What would you say is the most important factor in running your own mortgage office?

A: SERVICE! No doubt about it. As a professional, you have made a name for yourself by offering your clients your very best. As a Branch Manager with Washington Financial Group, you will receive the highest degree of support, oversight, marketing tools and products you need to promote and increase your excellent reputation.

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Q: What states are you currently licensed in?

A. Washington, Oregon, Idaho, California, Colorado, Michigan, Florida, New Mexico, Montana, Alaska, Hawaii, Minnesota, Georgia, Kentucky, South Carolina, Maryland, Massachusetts, Virgina, Missouri

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