Im being solicited by a mainland mortgage broker offering a similiar 100% flat fee. Why should I choose American Family over the mainland broker?.
Most appear to be reputable. Presently, maybe 15 to 20% of our new loan officers are coming from mainland brokers. The common complaints the loan officers cite are; A disconnect because of the mainland corporate location. The payroll frequency, and lack of local lender account reps. Our firm receives at least 20 phone calls a day from loan officers , AE’s needing support in one way or another. I would assume that the time zone, and logistical differences , and the fact that they are probably licensed in 20 or more States, take their toll on resolving problems timely. We are licensed and focus on Hawaii only. Our exprience has been that most loan officers can’t wait 20-30 days to get paid, that’s why we make every attempt possible to pay the loan officer the day of recordation.
