In this guide on mortgage branch opportunity careers as an independent mortgage advisor or a branch manager, we will cover and discuss how to run your own mortgage advisor business. Gustan Cho Associates has many different types of career opportunities for loan officers. Whether you are thinking about becoming a brand new mortgage loan originator, a loan originator wanting to take their mortgage career to the next level and become a branch manager, or a branch manager wanting to expand and have their own mortgage advisor business. The career opportunity does not end here.
NEXA Mortgage, LLC dba Gustan Cho Associates
Gustan Cho Associates has a nationwide reputation for not having lender overlays on government and conventional loans. Gustan Cho Associates has a national five-star reputation for being able to close loans where other lenders can’t. Our mission is to help one borrower at a time. Most lenders will tell a borrower who does not qualify to come back a year or two later once their credit improves.
What Does a Mortgage Branch Manager Do?
Our loan officers will evaluate each borrower’s credit and financial profile. Borrowers needing credit fixes will be advised and counseled on improving and raising their credit scores. One of our experienced mortgage professionals or the loan officer will work one-on-one with borrowers to get the credit/income ready and meet mortgage guidelines so they can qualify for one of our loan programs.
Our Home Purchase and Refinance Clients
Almost every borrower who makes contact with is not just a borrower but a lifelong friend. Our mission and goal are to treat every borrower like family. Borrowers are not like other types of consumers. Borrowers provide our loan officers with every bit of personal financial information, such as the following:
- two-year tax returns
- two years W2s, paycheck stubs
- bank statements
- letter of explanation, bankruptcy/foreclosure documents if applicable
- divorce/alimony paperwork, if applicable
- social security or pension awards letter, if applicable
- other extremely private personal information
Our Loan Officers at Gustan Cho Associates
We realize the importance of the faith and trust our borrowers give us. We do not take the trust given to us by our borrowers. Our loan officers are committed to being on call seven days a week. Our loan officers are available for their borrowers via email, text, or phone call seven days a week, evenings, weekends, and holidays.
Borrowers who want to be associated with a team of loan professionals where the number one priority, goal, and mission is to give each borrower the best customer quality of service. The best customer satisfaction they have experienced will be a reality at Gustan Cho Associates.
Gustan Cho Associates is known by most real estate agents, home buyers, sellers, and mortgage professionals as the lender of choice in the United States. The independent mortgage advisor owner can become a branch of NEXA Mortgage and operate under their name as a dba of NEXA Mortgage, LLC.
Why Are Independent Mortgage advisors Joining Gustan Cho Associates
Many independent mortgage advisor-owners are changing their careers by closing up shop and joining the growing national team at Gustan Cho Associates due to the great opportunity we have to offer. Stay put, folks. This guide on mortgage loan originator careers is very comprehensive. Many of you reading this guide on mortgage loan originator careers have enjoyed our mortgage blogs and guidelines for many years.
Merging With NEXA Mortgage as an Independent Branch Under Their DBA
By merging their independent mortgage advisor shops with NEXA Mortgage, LLC dba Gustan Cho Associates, the independent mortgage advisor can take their business platform to the next level. If the independent mortgage advisor has their own brick and mortgage office and staff, they do not have to move or let any staff members go.
What Is Expected of a Mortgage Branch Manager?
You know that I do not write about what you want to hear but rather FACTs. This guide will change your life, and you will think it is too good to be true. Folks, it sounds too good to be true, and I promise you IT IS TRUE!!! This guide on mortgage loan originator careers as an independent mortgage advisor or a branch manager will change not only your life but the life of your loved ones for many decades to come.
Careers As New NMLS Licensed Loan Officers
Thousands of new people dream of entering new careers in the mortgage industry. as a mortgage loan officer. Many are longing to become new mortgage loan originators. Many have completed the 20-hour mortgage loan originator and gotten their state NMLS licenses in one or more states but cannot find employment. Most regional and national mortgage companies do not hire loan officers unless they have at least two or more years of full-time experience. Other mortgage companies require mortgage loan originators to have a certain amount of closed loans and monthly production in the preceding year.
How Can I Get Started As a New Mortgage Loan Originator
Getting started as a newly licensed mortgage loan originator is very difficult. Most newly licensed mortgage loan originators without experience start at local mom-and-pop mortgage advisor offices where the mortgage advisor/owner is willing to spend time training them. For a portion of the commission or minimum wage, newly licensed loan officers can get trained at local mom-and-pop mortgage advisor shops for a year to start their careers as loan officers. Another fast-track training program for newly licensed loan officers is to get hired in the Mentor Program for new independent loan officers.
Careers as Mortgage Loan Originators With No Experience
Gustan Cho Associates has a newly licensed independent mortgage loan originator mentor training program. It is a six-month mentor training program for NMLS licensed loan officers with no mortgage loan originator experience. You must close six mortgage loans to graduate from the mentor new mortgage loan originator training program.
Once the new loan officer meets all aspects of the mentor training program, they are ready to become an independent licensed mortgage loan originator or join an established producing branch.
New graduates of the mentor training program can become independent branch managers; the sky is the limit on how high they want to take their mortgage careers. The team at Gustan Cho Associates is available seven days a week, late evenings, weekends, and holidays. Visit us at www.gustancho.com, and do not hesitate to contact us.
Why Choose Gustan Cho Associates
Gustan Cho Associates are mortgage advisors licensed in 48 states and based in Oakbrook Terrace, Illinois, open for talented, experienced individuals looking for careers in the mortgage industry. At Gustan Cho Associates, we only market possible mortgage loan products, and we can do that. We are mortgage advisors licensed in 48 states, including Washington DC and Puerto Rico (Not yet licensed in Massachusetts and New York), with lending partnerships with 210 wholesale lenders.
The Team at Gustan Cho Associates
The team at Gustan Cho Associates are experts in FHA and VA loans with credit scores down to 500 FICO with zero lender overlays, borrowers during Chapter 13 Bankruptcy repayment, and no waiting period after Chapter 13 Bankruptcy discharge. Gustan Cho Associates has no lender overlays on government and conventional loans. With our lending partnership with the top 180 wholesale specialty mortgage lenders, we are known by many as a one-stop mortgage shop.
At Gustan Cho Associates, We Can Do Loans Other Lenders Can’t
Over 75% of Gustan Cho Associates, empowered by NEXA Mortgage, LLC, borrowers are folks who have gotten last-minute mortgage denials or those who were told that they do not qualify by lenders due to their lender overlays or not having a mortgage loan product such as non-QM loans or alternative mortgage programs. Gustan Cho Associates (Gustan Cho Associates) has a national reputation for helping borrowers with less-than-perfect credit and credit scores qualify for home loans at competitive rates.
Why Is Gustan Cho Associates Different Than Other Lenders?
We are set apart from other lenders because the word NO is non-existent. Most bankers and lenders will tell borrowers who do not qualify for a loan to return once their credit and credit scores have improved. With our team of professionals at Gustan Cho Associates, we start our relationship with borrowers when they contact one of our many experienced loan officers.
Traditional and Non-Prime Mortgage Loan Options
Some of our popular mortgage programs besides no lender overlay on FHA, VA, USDA, conventional loans are the following mortgage loan programs: Non-QM and alternative mortgage programs such as no-doc loans, asset-depletion, non-QM loans one day out of bankruptcy or foreclosure, mortgages on large acreage parcels, non-QM Jumbo loans for bad credit and low credit scores, mortgages with recent late payments, high-balance mortgages in high-cost areas, fix and flip mortgages, the commercial blanket line of credit, DSCR, ITIN, doctor’s loans, homes for police officers/firefighters, commercial loans and SBA loans
Why Choose Your Mortgage Career at Gustan Cho Associates?
Gustan Cho Associates is licensed in 48 states except for NY and MA. We have Remote Loan Officer Career Opportunities at Gustan Cho Associates. Gustan Cho Associates is hiring remote loan officers nationwide. Here are the bullet points on what we offer:
Five-star mortgage advisor licensed in 48 states, including DC and Puerto Rico—no lender overlays on government and conventional loans. Full health benefits include medical, dental, and vision.
401k available. State-of-the-art marketing department custom-tailored to loan officer’s business model. Remote loan officer positions. Guaranteed qualified leads. We do require at least one year of full-time mortgage loan origination experience.
Careers at Gustan Cho Associates
Gustan Cho Associates has career opportunities in Oakbrook, Illinois, offices, and offsite satellite locations throughout the continental United States. We currently accept applications for experienced remote mortgage loan officers with at least one year of experience as full-time mortgage loan originators.
One of the greatest benefits of working at Gustan Cho Associates is the full marketing and operations support we provide all of our licensed, support, and operations mortgage professionals. The team at Gustan Cho Associates closes 100% of all of our pre-approvals.
Team leaders or loan officers who have goals of advancing their careers. Sales Managers, Branch Managers, Mortgage Processors & Branch Support Personnel, and Independent branch managers starting their mortgage branch. At Gustan Cho Associates, we are passionate mortgage and real estate professionals with one goal: make our employees, borrowers, and business associates our top priority.
Benefits of Working With Us At Gustan Cho Associates
All of our pre-approvals are issued after we confirm the file will not just close but will close on time. A loan officer will never be short of borrowers. Our marketing department will help each one of our loan officers with a custom-tailored, individualized marketing program.
Our in-house web designers/developers, content writers, and marketing support team will custom design and create each loan officer with an optimized website and help brand each loan officer’s name.
Gustan Cho Associates has nationwide co-branding and co-marketing programs with realtor partners. There is no cold calling required. Our company does not just offer solid qualified leads, we offer our loan officers borrowers who are exclusive potential homebuyers and homeowners. Loan Officers will never have to worry about a lack of work.
Ability To Broker Non-QM Loans and Alternative Mortgage Programs
We have no overlays and go-off DU or LP FINDINGS. The automated approval via the Automated Underwriting System is every borrower’s loan approval as long as borrowers meet all the conditions from the automated findings. Our loan originators are experts on the following loan programs:
- FHA
- FHA 203k
- VA
- USDA
- Conventional Mortgages
- Jumbo Loans
- Non-QM Loans
- Bank Statement Loans for self-employed borrowers
- Non-Warrantable Condos
- Foreign Nationals
- Fix and Flip Investment Properties Loans
- Blanket Commercial Lines Of Credit
The key for the mortgage processor/loan officer assistant is to take the leadership role with limited supervision from the senior loan officer and take it to the closing table.
Mortgage Advisor That Closes In 30 Days or Less
A typical home purchase or refinance mortgage loan will close in 30 days or less: The minimum credit score for a 3.5% down payment home purchase FHA loan is 580. Mortgage loan officers at Gustan Cho Associates help borrowers with an incredible selection of options when it comes to home financing.
One of our most popular loan programs is No Appraisal, credit score, or income verification FHA or VA Streamline with no closing costs. Two-time construction loans. Escrow Advance on refinances.
Over 75% of borrowers at Gustan Cho Associates we represent could not qualify at other lending institutions due to their lender overlays or last-minute loan denials. Gustan Cho Associates’ main goal is to tailor these options to every borrower’s need based on their circumstances and goals.
Loan Officer Career Opportunities
Job Description: Career-minded individuals seeking career opportunities with a growing team of like-minded professionals, Gustan Cho Associates is the place to start your career with a national five-star direct lender with no overlays.
Having an NMLS license is a plus. Lucrative compensation package with monthly guarantee and quarterly pay raises based on the number of units closed—full benefits package including medical, dental, vision, and revenue share opportunities.
Our mission is to make the dream of homeownership a reality for home buyers. We aim to help homeowners refinance their high-interest-rate mortgage loans to the lowest rate available.
Branch Manager Loan Officer Opportunity
As long as loan officers have prior sales or management experience or are currently licensed loan originators, we like to hear from our new team members in joining our nationally growing team of mortgage professionals. The ideal candidate will possess a positive, upbeat attitude and the ability to communicate well with those needing assistance obtaining a home loan.
Remote mortgage processor | loan officer assistant career positions are available for mortgage processors with at least two years of full-time experience.
As long as you have the drive, our new mortgage originators will succeed. A senior mortgage loan officer is assigned to each newer loan officer for training and marketing support. Loan Officers will be assigned loan officer assistants (LOA). They can spend more time building their business with realtors and other referral partners.
Manager And Team Leaders
Job Description: As a team leader, my responsibility is to train and manage a team of new and experienced loan officers. Responsibilities of Managers and Team Leaders include hiring and training loan officers in the mortgage process, from taking a complete 1003 mortgage application.
The trainee must fully comprehend the loan officer system, running credit, and automated underwriting system. The loan officer needs to make sure taking sure that the new loan officer understands proper procedures and making sure that loan officer understands compliance and regulatory guidelines, as well as setting goals and tracking individual and team performance.
Offsite manager and team leader positions are now available throughout the continental United States, current branch managers and team leaders with actively licensed loan originators in a state that we do not currently license, contact us, and we can get licensed in the state your team is. We are an aggressively expanding team of mortgage professionals who are open-minded and are looking for lifelong partners to help -us expand our team nationally.
Independent Mortgage Advisor Net Branch Careers
Applicants for team leaders, sales managers, and branch managers should have at least three years of experience in mortgage loan origination, strong communication skills, and be able to manage and be multi-tasked in a fast-paced environment. The ideal candidate will also be familiar with loan origination and automated underwriting software and have experience leading and coaching a sales team. Please email your resume with a cover letter to Wendy at gcho@gustancho.com.
Mortgage Processor | Loan Officer Assistant Careers
Gustan Cho Associates has mortgage processor and loan officer career opportunities at our Oakbrook Terrace, Illinois, area headquarters. The mortgage processor/LOA position is to take a completed qualified mortgage application of a senior loan officer and prepare it for the finish line.
The assigned senior loan officer will be working side by side with the Mortgage Processor/LOA. Still, the business model foundation is for the senior loan officer to focus more on new business and the LOA to focus on the processing and operations end of the senior loan officer’s pipeline.
Mortgage processor | loan officer assistant applicants should have at least two years of full-time experience in all mortgage processing and operations aspects. Applicants should be familiar with processing government, conventional, non-QM loans, VA Loans, jumbo loans, reverse mortgages, and FHA 203k loans. Email your resume with a cover letter to Gustan Cho at gcho@gustancho.com. Text us at (800) 900-8569 after you email your inquiry with your resume to schedule a phone and in-person interview.
Join Us As A Preferred Referred Partner
Are you a licensed full-time producing real estate agent? Are you referring all your homebuyers to loan officers and still need to quarterback the home purchase and mortgage process but make zero dollars? Are you helping your homebuyers research mortgage loan programs that are best for them at the best rates? You are doing a loan officer assistant’s work and are not getting any monetary compensation, and everyone is taking you for granted. Real estate agents, read on!!!!!
Real Estate Agent and Loan Officer Career Opportunity
Gustan Cho Associates has careers as dually licensed real estate agents and loan officers at Gustan Cho Associates. As a dually licensed realtor and loan officer at Gustan Cho Associates, you can be the loan officer for your homebuyer or any other homebuyer. The dually licensed realtor/loan officer program is called the BDM (Business Development Manager) program at Gustan Cho Associates. You will make your full realtor commission on your homebuyer and a commission as a loan officer.
As a BDM for Gustan Cho Associates, you will be paired up with a full-time, experienced loan officer at Gustan Cho Associates. The licensed realtor will be the assigned loan officer, and the loan officer partner at Gustan Cho Associates will be the loan officer assistant.
The loan officer assistant will do all of the work and keep the realtor BDM copied on all email correspondence and train the real estate agent so one day soon, the realtor will be ready to originate their loan if necessary. To learn more about careers at Gustan Cho Associates, click the button below to apply for a position. Someone from our team will contact you.
