Compensation Plans | Start Your Career as Mortgage Officer

Branch Manager

Compensation Plan for Branch Manager

1. Branch Managers:

At Reliant Mortgage, we value the entrepreneurial spirit of our Branch Managers. Here’s an overview of the compensation plan for this role:

Base Points (BPS): 275
Pricing Control: Branch Managers have the ability to control pricing for their respective branches, empowering them to optimize and maximize their income.

2. Responsibilities:

In addition to overseeing the day-to-day operations of the branch, Branch Managers are responsible for certain fees and marketing efforts:

Credit Reports and VOE Fees: Branch Managers handle the costs associated with Credit Reports and Verification of Employment (VOE) fees.
Marketing Expenses: Branch Managers have the autonomy to invest in marketing initiatives that align with their branch goals and strategies.

3. Monthly Software Cost:

Managing a branch requires robust software support. Here are the details regarding the monthly software cost:

Starting Cost: $500 to $550 per month.
Note: This software provides essential tools and resources to streamline operations and enhance productivity.

4. Performance Metrics:

We believe in rewarding active and successful Branch Managers. However, it’s important to maintain a certain level of production. Here are the guidelines:

No Production in Last 6 Months: In such cases, a Branch Manager will be required to demonstrate commitment through:
- 3-Month Reserves for Software: To ensure ongoing access to our software tools.
- $500 Set Up Fee: A one-time setup fee to cover administrative costs.

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Mission Statement

Develop a group of people to become one team where we are all better professionally and personally leading to overall happiness for everyone who is involved with the company process.

Self-Producing Originators

1. Self-Producing Originators:

Join Reliant Mortgage as a Self-Producing Originator and enjoy a competitive compensation plan tailored to your needs:

Base Points (BPS): 225
Tech Fee: $95

2. Responsibilities:

Self-Producing Originators play a crucial role in our success. Here’s what you need to know about your responsibilities:

Covering Fees: As a Self-Producing Originator, you are responsible for covering your Credit Report and Verification of Employment (VOE) fees.
Flexibility: Choose to work independently under a branch or opt for the corporate umbrella. We understand the importance of flexibility in your working environment.

Benefits of Joining Reliant Mortgage:

Competitive Compensation: Enjoy a competitive commission structure with 225 BPS.
Technology Support: Access cutting-edge technology to enhance your efficiency and streamline your workflow, with a nominal monthly Tech Fee of $95.
Autonomy: Decide whether you want to operate under a branch structure or opt for the corporate umbrella, giving you the autonomy to choose what suits your career goals.

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Corporate Originators

1. Corporate Originators:

At Reliant Mortgage, we value the collaborative efforts of Corporate Originators. Join us and benefit from a compensation plan that reflects our commitment to your success:

Base Points (BPS): 175

2. Corporate Support:

As a Corporate Originator, you’ll experience the following support from Reliant Mortgage:

Credit Reports and VOEs: The Corporate team covers the costs associated with Credit Reports and Verification of Employment (VOE) fees, ensuring you can focus on your core responsibilities.
Software Coverage: We understand the importance of robust tools for your role. Reliant Mortgage covers all software expenses, providing you with the necessary resources to excel in your position.
Lead Generation: For Corporate Originators who align with our structure and schedule expectations, we offer lead generation support. Our commitment is to help you grow by providing quality leads that match your expertise and focus areas.

Benefits of Being a Corporate Originator:

Stability: Enjoy a stable and supportive working environment with comprehensive coverage for essential expenses.
Structured Growth: Follow our established structure and work within a defined schedule to access additional benefits, including lead generation.

New Originators Training Program

We believe in mutual respect for all departments of the company. We want everyone to be able to communicate respectfully.

1. New Originators Training Program:

Embark on a rewarding career with Reliant Mortgage as a Newly Licensed Originator. Our comprehensive training program is designed to set you up for success:

Structured Training: Newly Licensed Originators will undergo a thorough training program to develop the skills and knowledge required for success in the mortgage industry.

2. Coaching Support:

To ensure a smooth transition into the industry, each New Originator will be assigned a dedicated coach for the first 15 loans:

Basic Training (Loans 1-5): 100 BPS
Advanced Training (Loans 6-10): 125 BPS
Real World Training (Loans 11-15): 150 BPS

3. Post-Training Options:

Negotiation with Coach: After completing the training program, if you prefer to keep your coach, you have the opportunity to negotiate terms for ongoing support.

4. Exception to the Rules:

Accelerated Training: New Originators showing signs of self-motivation and rapid learning may request an escalated training process. We value initiative and recognize exceptional individuals.

Current Job Openings

Check out our job board to see the current job offerings we are looking to fill. Check back often as we are growing and are adding new positions. Fill out our discovery assessment form below and we can contact you when a position opens that may fit you!

View Job Openings

Weekly Webinar

Our business development team would love to have a one on one with you to go over our company but if you prefer an anonymous webinar, please click the link below:

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Below is the workflow of the positions that you as an originator get to take a step back and let the Ops Team get your loan clear to close

The Loan Coordinator/Lock Desk will Lock your Loan in minutes and disclose typically same day. They do have a 24 hour window to get the disclosures out to your borrower.

The Set Up Team will clean your file up when submitted to processing to be sure you have the most up-to-date documents pertaining to income, assets, and credit. They will simultaneously begin to order title, insurance, voe, and appraisal during this stage.

Closing Department will get your ICD well before closing as long as they have Title and Appraisal back. They will then get your closing package out even same day clear to close and authorize funding withing minutes of when documents have been signed at the title company.