Garret Associates would like to introduce you to Golden Empire Mortgage, and share some of the “Talking Points” that make GEM one of the most successful branch programs in the Western United States.
Who is GEM? ...
If your are a mortgage banker who enjoys running a business, controlling your future, and achieving financial success, you’re looking at the right company. GEM Mortgage is dedicated to service beyond your expectations by providing you with the tools that will help you achieve your goals.
Ø Established in 1987
Ø One of the largest privately held mortgage companies in the US
Ø Licensed in Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington
Ø President and CEO began in the business as a top producing Loan Officer, and puts his 30 years of
experience to work each day.
Join the GEM team for ...
Multi-state lending—residential & commercial
FHA—Direct Endorsement/VA—LAPP approved
Conventional, Jumbo, Alt-A, Reverse Mortgage
Lock and submit loans electronically
Banker and broker abilities
Complete marketing services
Loan Solutions ...
The time of guesswork of shopping for loans is a thing of the past with GEM Mortgage’s LoanSolutions. This exclusive, state-of-the-art loan software put you in control with ease. LoanSolutions allows you to search, price, and lock over 6,000 in-house loan programs with the click of a mouse. Finding the best loan product to fit your clients’ needs at the best possible price is possible in a matter of seconds. With LoanSolutions you can serve your customers more efficiently, close more loans, and increase your productivity.
Correspondent investors ...
Am Trust
CalSTRS
Chase
CitiMortgage
Countrywide
Financial Freedom
Flagstar
Franklin American
GMAC/RFC
IndyMac
NHSA
PHH
Platinum Direct
Sun Trust
Taylor Bean
Wachovia
Wells Fargo
US Bank
Marketing Support ...
GEM’s marketing department offers a wide variety of marketing tools and strategies—all customized to meet your needs. The suite of services includes turnkey database marketing campaigns, monthly and quarterly newsletters, customized flyers, brochures, and direct mail tools. When it comes to promotional items, you have the advantage of bulk pricing at the smaller quantities you need.
GEM also partners with industry leaders such as Loan ToolBox®, Mortgage Coach®, Mortgage Market Guide®, and others for discounts and special services. Additionally, our ongoing sales and product training seminars keep you on top of industry trends.
Technology and paperless environment ...
GEM works in a paperless environment where you can lock and submit your loans electronically. Loan documents and past client information can be instantly retrieved—no matter where you are.
If you’re not technically savvy, no problem. We have a team of trainers and technology support professionals who are with you each step of the way. You’ll be clicking your way to success in no time!
Profit & Loss ...
Simple monthly P&L statements of the branch’s income and expenses show: processing, underwriting, funding fees, overages, regate pricing, and origination fees. Our unique P&L format summarizes the closing by product type with related income and expenses. We provide all income and expense items in dollars per loan and basis points.
Expenses ...
GEM advances all reasonable business expenses on behalf of your branch. This includes (but is not limited to): rent, telephone equipment, postage, supplies, etc. These expenses are allocated back to the branch P&L.
100% Profit ...
Branch Managers enjoy 100% of the branch profit, rebates, origination fees, overages, and SRP’s. Managers are also paid commissions on their personal loan production.
Loan Fees ...$850 Transaction fee on all loans which includes accounting, marketing department functions, product support, payroll services, personnel services (HR), and administrative services.
$125 Underwriting fee (if done at corporate)
Monthly Fees ...
$450 Flat monthly fee for Information Technology Support Services
Investor Fee ...
$125 Average (approximation and varies per investor)
Administrative services ...
When you join GEM Mortgage, we take care of the administrative functions so you can focus on closing loans and growing your business. From licensing to healthcare benefits, we handle the details.
Human Resources: Full range of benefits including health insurance options, dental insurance, life insurance, 401(K), hiring/terminations in compliance with state and federal laws; COBRA administration.
Payroll Processing: Loan officer commissions paid weekly; hourly/salaried employees paid bi-weekly.
Accounting: Processing of payments; accounting of expenses; monthly P&L statements.
Our goal is
Your success!
GEM Mortgage stands out as a company with the expertise, financial strength, vision,
and industry leadership to give you the competitive edge you need to succeed.
As your business partner, we want to be more than just a funding source for your loans. Backed by a solid infrastructure, you will be able to put your entrepreneurial skills to work in the ways that best suit your business and your clients. We encourage individuality and let you maintain control of your business. We support your efforts by
Protecting you from time-consuming and costly audits, compliance issues, and administrative functions.
You are our number one customer.
Our success is measured by your success.
To learn more about joining the Golden Empire Mortgage team, please contact our recruiting partners, Garret Associates.
Beth Lieberman ? 949.715.1880 ? beth@garretassociates.com
Or
Matthew Fine ? 310.263.0281 ? mfine@garretassociates.com
Garret Associates
recruiting solutions
"Dedicated to delivering professional recruiting solutions exclusively
to the mortgage industrywith emphasis on detail and integrity"