Loan Officer Employment
Loan Officer employment opportunities are available at Carteret Mortgage if you can demonstrate a minimum of two years successful experience and a very high level of customer satisfaction. Email Loan Officer Employment questions
First, a bit about Carteret Mortgage and why, after many years in our industry, Carteret will be the last mortgage company I will ever work for. In 2001, Inc. Magazine ranked Carteret as the 129th fastest growing company in America, 61st fastest growing in 2002, and 59th fastest growing in 2003. In 7 years, we have grown to over 2000 Loan Officers. In May 2002, Carteret was ranked as the largest privately held mortgage company in the US and Freddie Mac ranked us as one of the top 10 mortgage brokers in the country.
One of the reasons for Carteret's growth and the primary reason that this may be the best loan officer employment opportunity available is our philosophy- The best loan officers will be attracted to the best compensation program. Because we have utilized technology at a very high level, corporate overhead is kept very low, the loan officer is well compensated, our client always gets the best rates, and our loan officers always remain competitive. Our Loan Officers work either from their own home office or a commercial location if they choose allowing more time for what is really most important, our families. Cartereters like to refer to working in our "bunny slippers". Most of us really are well compensated professionals working in the comfort of our own home. Before I joined Carteret, I managed a rather large mortgage office with a 45 minute commute both ways. I will never go back. We are paid 70% of all revenue with an opportunity to move up to 75% after some income goals are met, and you have an opportunity to earn an ongoing income stream with a recruiting bonus of 5%.
The Internet has changed everything. Carteret has been built around the idea of combining the high tech changes in mortgage origination with the high touch environment that fosters high levels of customer and employee satisfaction. Many of our loan officers (me included) experience job security and satisfaction they have never experienced in their career.
Carteret's Loan Officer employment opportunity is NOT a net branch system! If it was, I would not be here. All branches operate under the same name, Carteret Mortgage Corporation. All loans are generated exclusively for Carteret Mortgage Corporation. All Loan Officers are W2 employees-no 1099s. All Loan Officers are accountable to Carteret. Income and expenses are controlled by HQ. Books, records and file storage is done only by HQ Deposits are accepted only by and at HQ. All leases are in the name of Carteret Mortgage Corporation. Compensation is written policy. The Employee Manual is a written compendium of policy. There is none of the nonsense of hidden SRPs involved. You price your loan in a manner that makes sense for you and your client and broker the loan to one of the 750 lenders we currently have on board.
Carteret Mortgage Requirements for Loan Officer Employment
What does it cost?
Carteret Mortgage and Technology
Typical Pay Plan vs Carteret's Pay Plan
How much is it costing you to stay where you are?
Some final points about the Carteret Mortgage Loan Officer