Millenia Financial Group >
FAQ
1. Why should I choose Millenia Financial Group over another company?
2. What is your commission program?
3. How soon do I get paid after closing?
4. Are there minimum quotas you expect me to meet?
5. What experience is required?
6. How fast can I get approved?
7. Are there any upfront fees?
8. How many lenders do you have?
9. Will you sign up with a lender you don’t have that I want to use?
10. Can hire mortgage brokers under my branch?
11. Can I work from home?
12. Can I process my own loans?
13. What are the advertising procedures?
14. Does Millenia pad the ratesheets?
Why should I choose Millenia Financial Group, LLC over another company:
Mainly because of our fee structure. We are able to charge a competitive fee yet you get support to enable you to gain market share. Also you will save thousands yearly without having to go through HUD financial Audits etc.
What is your commission program:
We offer 100% commissions and all fees collected from lender and borrower. The only fee we charge is $500.00 per loan
How soon do I get paid after closing.
Generally you will be paid within 2 business days of your file clearing the QC Department. You can get paid at funding if you close with Sierra Title our affiliated Title Company.
Are there quotas you expect me to meet:
There are no monthly quotas to meet
What experience is required:
We are looking for experienced Loan Originators.
How Fast can I get approved:
2-4 days on average
Are there any upfront fees:
The only charge is one time fee of $155.00 for a background check.
How many lenders do you have:
We are currently approved with over 165 lenders
Will you sign up with a lender you don’t have that I want to use:
Yes we would be happy to sign up with them
Can I hire mortgage brokers under my branch:
You can hire mortgage brokers under your branch. It is your decision how much each broker under you gets paid.
Can I work from home:
Yes you can work from your home
Can I process my own loans:
All files must be processed by a Millenia approved processor.
What are the advertising procedures:
You are free to do advertising as you see fit. You must comply with all state and federal laws. You are responsible for all advertising expenses you incur. Contact us for preprinted marketing material to save on setup fees. All advertising must be approved by corporate.
Does Millenia pad the ratesheets:
No Millenia does not pad the ratesheets in any fashion. You will receive rates directly from the lender.