My friend, you have given me in 10 minutes what I've been searching for for years. Thank you for providing such concise and helpful information. You sir, are a winner.
Hey William! Thanks for watching! You'll Crush It in the business. Check out my online mentorship program. I share all the industry secrets I've learned over the past 20+ years. The Academy will take your career to the next level!! www.ba365academy.com 👊
It's fine buying leads .. the ones you close you meet the reltors the attorney and you get business from them.. tell them how smooth transaction was and to refer you
BEN! I've been a LO for a little over a year now. Just moved to a new state, and literally do not know anyone out side of my wifes' family. Whats your advise on earning business if living in an unfamiliar area and unfamiliar with the community? So far I have just been using media platforms, and reaching out to family members to try and get some business. Not a lot coming down the pipeline though.
Hey James! I have zero experience in LO or MLO I'm currently in the process of taking my pre-licensing courses. So I would take my own advice with as a grain of salt. Lol. I think a good way to get new business is to get involved in a church or a similar type of local community. Building real long lasting relationships can open up doors for new business. Also I would go to open houses and introduce myself to realtors, let them know "hey I'm in the neighborhood, you're a realtor, I'm an MLO, lets be friends".
Hi Ben, awesome content as always! I just have 2 questions and if someone can give me an answer I would appreciate!! 1. Can you start your Mortgage broker company with a MLO license or do you need an extra license ? 2. While working under a mortgage broker company, I know that you are paid a percentage of the loan but do you give a part of your commission to your mortgage broker ?
You will also need an additional brokers license on top of the mlo. & for compensation since it’s a brokerage, the bank pays you a certain %. The office takes a % also including the processing fees etc
@@cesarq6011 Yes it's all different depending on which lender is used along with their promotions and of course what the brokerage takes can vary as well, they typically will start you off at a lower percentage but some a flat rate and as you continue more sales the percentage will increase until a plateau.
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My friend, you have given me in 10 minutes what I've been searching for for years. Thank you for providing such concise and helpful information. You sir, are a winner.
I’m starting as a new LO in a month. I’m glad I came across this, it’s really helpful thank you sir
Hello Lee as you mentioned you are starting as a LO. We can have a tieup together.
How did everything go?
I'm new to the Mlo business. You gave the best advise I've heard yet. Spot on
Hey William! Thanks for watching! You'll Crush It in the business. Check out my online mentorship program. I share all the industry secrets I've learned over the past 20+ years. The Academy will take your career to the next level!! www.ba365academy.com 👊
Thank you, thank you, thank you for a simple, straight forward approach. Love your channel!!
Thank you sir 👏🏾👏🏾
Hey Ben! I'm currently in the process of obtaining my MLO license. Your videos have been insightful!
Thanks for watching 🙏
Hey can you help me with that man ? Please
This is perfect advice. Thank you
Glad it was helpful! 🙌
Excellent video and content Ben. Much appreciated.
Thank you for watching! 👊 To join The Academy, go to: www.ba365academy.com/
Thanks for the advice.
It's fine buying leads .. the ones you close you meet the reltors the attorney and you get business from them.. tell them how smooth transaction was and to refer you
Good afternoon. Thank you so much for this information.
You are so welcome! Glad it's helpful. 👊
You can’t pay a realtor for referrals… major RESPA violation.
Golden nuggets!!! Thanks Ben
👊🙏👊🙏
BEN! I've been a LO for a little over a year now. Just moved to a new state, and literally do not know anyone out side of my wifes' family. Whats your advise on earning business if living in an unfamiliar area and unfamiliar with the community?
So far I have just been using media platforms, and reaching out to family members to try and get some business. Not a lot coming down the pipeline though.
Hey James! I have zero experience in LO or MLO I'm currently in the process of taking my pre-licensing courses. So I would take my own advice with as a grain of salt. Lol. I think a good way to get new business is to get involved in a church or a similar type of local community. Building real long lasting relationships can open up doors for new business. Also I would go to open houses and introduce myself to realtors, let them know "hey I'm in the neighborhood, you're a realtor, I'm an MLO, lets be friends".
@@raymondsilva8093 in general, contact, reach out to realtors.
Hey James. Thank you so much for watching. 👊 You can learn all of this and much more in my Academy. Here is the link to join: www.ba365academy.com/
Hey Raymond. Thank you for watching! 🙌You can learn all of this + more in The Academy. Here is the link to join: www.ba365academy.com/
You are knowledgeable. Thank you
Thank you for following!! I appreciate that! 👊
Hi Ben, awesome content as always! I just have 2 questions and if someone can give me an answer I would appreciate!!
1. Can you start your Mortgage broker company with a MLO license or do you need an extra license ?
2. While working under a mortgage broker company, I know that you are paid a percentage of the loan but do you give a part of your commission to your mortgage broker ?
Hey Clemence! Thank you so much for watching! 👊 You will learn this and so much more in The Academy. Here is the link to join: www.ba365academy.com/
You will also need an additional brokers license on top of the mlo. & for compensation since it’s a brokerage, the bank pays you a certain %. The office takes a % also including the processing fees etc
@@cesarq6011 Yes it's all different depending on which lender is used along with their promotions and of course what the brokerage takes can vary as well, they typically will start you off at a lower percentage but some a flat rate and as you continue more sales the percentage will increase until a plateau.
This is amazing stuff! Will definitely start with my phone contacts. Need to get to the point that I have f-u money!
Hey Vivian! Thanks for watching. Yes! Friends, family & phone contacts are the best place to start. This is the best career!! 👊
beautifully said!
Hi Ben, do you have any recommendations where to buy the best leads
Great vid!
Thank you 🙏
Good content
Thank you. Thanks for following! 👊
Hi Ben what is your thought on postcards to get business ?
Hey Mike - Postcards are a great addition to all of your other marketing -- email, text & social media! 👊
How many LO do you have at your office in irvine? If you don't mind me asking how much volume does the average LO generate for a brokerage firm
Wait, did you just say pay relator a fee for referral?
I caught that also 😂 $10k fine and up to one year in jail…
im a wholesale broker i show you numbers right away