Mortgage Layoffs: Who's Next?
Mortgage companies across the board, have lost significant value in the last few months and it has caused a ripple effect that has affected MLOs.
Expense Reduction is the fastest way to show bottom line improvement to profitability and slow the devaluation on Wall Street. The fastest expense reduction is LAYOFFS. While they may not be letting go of producing MLOs, the support staff is dwindling and rates and prices keep rising.
INNOVATIVE MORTGAGE is not a typical mortgage origination company.
We have ALWAYS managed our expenses and with a remote and virtual origination platform and non-delegated underwriting, we are in a great position to expand our footprint, continually hire seasoned MLOs and have been adding multiple MLOs every week. We have been succeeding in business for 18 + years, through both down markets and boom markets.
We only keep $595 / file and give our MLOs the rest.
Let that sink in... $595 / file and MLOs get the rest.
No more % of the file, No additional BPs, No tiers, No Quotas.
We get $595 which means the rates are raw wholesale pricing and discounted correspondent pricing.
Our Mission:
- Deliver the Best Compensation
- Deliver the Best Pricing
- Deliver the Best Flexibility
- Let the MLO run their business with the lowest barrier to entry
Let me
show you how we strengthen those four pillars of our mission for you to be more successful than you could ever imagine.
Or contact us for more information right now!!!
Innovative Mortgage Services, Inc. - NMLS 250769
Equal Housing Lender
Are you a mortgage originator looking for more support and better compensation? Interview us today and see if Innovative Mortgage Services, Inc. is a good fit for you.
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