Ft Lo Prospect Presentation

The L&G Business Opportunity

Welcome to L&G Mortgagebanc


L&G MortgagebancL&G Mortgagebanc“a company on the move”“a company on the move”

•Established in Arizona for almost a ¼ of a Century•Billion dollar Originator•Founder of the MPower loan origination model in 1999. (MPower is the fastest growing agent centric model in country)

•RESPA Audited model•Invested millions into IT technology*

*Inman Award for Excellence


These days you probably would not start your own mortgage business, it is just too much of a gamble!

60-65% of small mortgage brokers disappeared in 2007.

Splits required by loan officers are exorbitant!

Programs and rates are not competitive unless production volumes are significant!

Early payment defaults and liabilities are prohibitive.

Disclosures are damaging.


There is a better solution, become an L&G Team Member!

L&G Mortgagebanc opens the door to a whole new way of originating more loans and building your own business without the risk and capital normally required.


Finally a model that provides you with all the pieces:

Full variety of loan programs Full loan processing and

execution of your loans by team of professionals

Direct access to live underwritersMarketing program to originate

more new businessRecruiting Program to build your

own businessCustom website


L&G Operations

Underwriting Coordinators

Direct access 6 days a week

Structure your loans and run findings – they are the experts.

Each U/C structures hundreds of loans a month and know the “tricks” to get your loan approved and with the best pricing.

Our Underwriters are “deal makers”, not deal breakers. They have a creative approach to loan approvals, while still staying within the guidelines.

This results in fast approvals and closings


• Higher level of support enables loan origination with minimal effort

• No delays—We are in full control of the transaction from approval through funding

• Capable of closing loans in days • More time to focus on getting new business,

knowing your pipeline is being handled

Benefits

• More efficient way of processing your loans• Stay in touch with any updates• Closing & Funding• All done in house

Centralized Processing


Marketing and Sales Support

Your success is our success!

• Full training department that will work with you to implement our Loan Officer Model

•Coming soon—a Marketing System to gain Realtor business & increase your Customer retention, thereby increasing your fundings


Territory Managersupport

• In addition to Corporate support you have a local territory manager to lean on for additional support.

• Additional benefits of a Territory manager may also include a local branch office for you to utilize


Build your business under the MPower Umbrella…

In essence when you join our team you benefit by being part of a syndicate of like minded entrepreneurial loan officers who enjoy the economies of scale of a large group such as better pricing, as well as a unique marketing program called MPower which will enable you to build your own business without any risk!


Programs and Guidelines

Full selection of loan programs (including all FHA programs) all underwritten by creative, flexible, make sense underwriters.

Competitive Rates!


Turn in an Application and let the team go to work

You will have a full support team that will help: structure your loansmake suggestionsrun findingsfind the best home for the loans process the loans

This leaves you to focus on the implementation of our unique MPower marketing model which will earn you more money and build your business.

In Summary


Knock the sox off the competition with our quick approvals and closings time

Same day loan approval and closings in as quick as 10 days on most loans!


Compensation

FT Loan Officer

Top splits - 80/20 on the first loan every month, and then 90/10 on ALL remaining loans

in any month zero desk fees

overridesAccounting fee of 4.5% on all commissions

PT Loan Officer•Will earn 40% of the total fees determined by them & L&G*

origination fees (if applicable) and backend fees (YSP)(not house fees)

*i.e. if fees total $2700, commission will be $1080

Become FT Loan Officersby closing 4 loans within 6 months


Earn back end fees plus origination fees*

+

As a F/T Loan Officer:•Earn a fee every time your team funds a loan

and•Earn a bonus as a result of your teams

•recruiting efforts

$

Loan Officer Fee Income

*Origination fee is set by Loan Officer


Traditional Mortgage Broker

L&G Mortgagebanc

Rates Competitive Competitive

Programs Good Variety Good Variety

L/O Fees Back end plus Origination Fees

Back end plus Origination Fees

Residual Income Stream

No Yes

Support No Yes

Marketing Plan No Yes


Eligibility requirements:

•Refer or sponsor a team of Full Time LO’s and Part Time LO’s

•Personally fund 2 loans per quarter

Income:

•Normal fees on personal loan production

•Participation Bonus - $400 per funding from 1st line team

•Incentive bonus - $100 per funding from 2nd line team

(Loan Officer must be a full time employee to be eligible for total bonus package.

F/T Loan Officer– Income formulaF/T Loan Officer– Income formula


Loan Officer24 Loans x $3,000 = $72,000

2/month

3 Full Time L/O’s12 Loans ex. x 3 L/O’s (36)

x $400 = $14,400(1/2 of assumptions)

10 Part Time L/O’s6 Loans ea. x 10 L/O’s (60)

x $400 = $24,000 (1/2 of assumptions)

9 Full Time L/O’s12 Loans ex. x 9 L/O’s (108)

x $100 = $10,800(1/2 of assumptions)

30 Part Time L/O’s6 Loans ea. x 30 L/O’s (180)

x $100 = $18,000(1/2 of assumptions)

$72,000

+

$38.400

+

$38,800

=

$149,200

1 year income

Expectations:Each Loan Officer funds an average of 2 loans per month Each Part Time L/O funds an average of 1 Loan per month

A 1 year Snapshot


Benefits

•Medical

•401k Savings Plan


Next Step


The process • Fill out employee application and get it back to the person who

referred you with the required documentation• HR department does due diligence (credit report, background

check, etc.)---up to 24 hours• IT department set’s you up into our system with personal website,

e-mail etc.---up to 24 hours• Training Dept. will schedule you for Loan Officer Orientation---48

hours after application received• Loan Officer Orientation—within 24 hours• 1st Loan Application successfully downloaded after Loan Officer

Orientation is complete (a member from the training dept will be available to assist if necessary)


Welcome AboardWelcome Aboard

Economy & Finance

Ft Lo Prospect Presentation