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Our Branch Manager Partnership Program allows street-smart loan originating entrepreneurs the best opportunity yet to increase loan production, revenues and personal income. We give you the competitive edge. Benchmark, ranked #57 on the "INC 500 List of the Fastest Growing Private Companies in America" and #12 in the prestigious "Dallas 100," has little debt, excellent cash reserves and is growing rapidly. We're Direct Lenders nationwide. A list of our licensed states and those pending can be viewed by clicking on the Licensed States on the left of the home page. We anticipate licensure in all jurisdictions by mid-2006. Join us! We have the banks and investors you require. Our pricing is competitive, our technology platform superb, and we are dedicated to giving you unsurpassed branch support. Here are a few of our distinctives:
 Ease of Transition: We can approve you quickly! We can email you our mini application today. Once approved, our Licensing and Compliance experts will immediately assist you with your branch and Loan Officer licensing (as required state-by-state) and provide you a comprehensive introduction to our Website and our Automated Underwriting Engine, "QuikQual." We'll assist you in switching over your 1003's to Benchmark as fast as possible and streamline your next funding and paycheck. Let's start the ball rolling. Inquire today and you'll see why we offer the best Branch Manager partnership in America today!
100% Commissions: We extend 100% commissions on Bankered as well as Brokered loans. Our Branch Managers simply remit a small fee of $375 on conventional loans and $450 on FHA and VA loans. There are no other hidden charges. And Benchmark is one of the few major branch providers that does NOT penalize it's Branch Partners with a 3/8ths to 1/2 point "hit" on brokered loans. THERE ARE NO UPCHARGES FOR BROKERING OUT and we have no "first right of refusal" requirements. Naturally we'd prefer to have you utilize our Banked Line where you'll not have to disclose YSP's and we'll spoil you with great pricing, yield spread premiums and service...but you're free to place your loans wherever you'd like. We make it simple!
Cost of Entry Into Benchmark Branch Manager Partnership: None. Zip, zilch, zero! That is, we have no application or start up fees per se. However, we do assess a small charge to run background/credit checks on each Branch Manager as well as each Loan Officer...and there may be fees for state licensure, HUD Title II branch fees and other nominal charges. We also have a nominal "reserve requirement" which we'll be glad to explain when you call.
Broad Product Line: As full-service Mortgage Bankers with a $130 million monthly warehouse capacity that can be doubled as required, we offer in-house lending in conventional, jumbo, FHA, VA, and Subprime . . . even the popular Option ARM's carrying 1.00% start rates up to $6 million! We do 100% loans down to a 580 score with no MI and 95% LTV's with no documentation required. You can offer FHA/VA loans without struggling with government red tape and expensive licensing requirements. We also have 200+ banks in our portfolio offering every type of loan product imaginable. You get "one-stop shopping" with Benchmark.
Wholesale Pricing – No Cushioning Added: Our rates are highly competitive and not padded. We invite you to compare them and see.
No Yield Spread Premium Disclosure: As mortgage BANKERS (as well as Brokers), Benchmark is not required to disclose YSP's.
State Licensure: We're solidly licensed in over 70% of America from CA to FL and are advancing northward. Please click on our Licensed States button on the left side of our Home Page for a map. We anticipate licensure in all jurisdictions by mid-2006.
Training: We offer initial and ongoing training. We incent our new Branch Partners with transaction fee credits to pay for their travel expenses to fly to our corporate offices in Dallas for the initial training delivered the first three Thursdays / Fridays of each month. This training is delivered on a reservation basis. Training in this hard-hitting two day session includes our Policies and Procedures, HR, Accounting, our Products, Technology Platform, our QuikQual automated underwriting engine, Marketing, Lead Generation and all the secrets of enjoying start up sucess with Benchmark. From time-to-time, we also deliver full day FHA/VA Training Seminars to our Branch Managers as well as other specialized trainings.
Licensing & Compliance: Our staff of state licensing and compliance specialists guide our Branch Partners through the complex and constantly changing laws state-to-state. We are expert in guiding you through the complexities of originating on a multi-state national platform. Together with our corporate Counsel, our compliance department converts the details of the latest laws into basic plain language guidelines for our employees to stay compliant.
Accounting: Benchmark employs a full service, experienced mortgage accounting department. We understand the needs and nuances of a mortgage office and take care of everything from accounts payable to payroll and tax reporting and other accounting functions that may currently take away time from your profit generating origination activities.
In-House Underwriting, Processing, Funding, Shipping and Secondary Marketing: We offer this capability as well as most of the automated engines including Fannie Mae's DU, and Freddie Mac's LP. Indeed, you can open accounts whereby your Branch can utilize both of these engines and more.
Technology Platform: One of the finest in America. We offer you a turn-key Web-based system that you can access 24/7 from anywhere on earth with an Internet connection. It starts with Webtrac®, a powerful Web site that provides a 24-hour vehicle to connect you to your pipeline. Add DataTrac®, our "hub" for all critical loan information. DataTrac's extensive reporting capabilities provide management the ability to maximize and monitor our lending process between all of our departments – Underwriting, Secondary Markets, Docs, Funding, Shipping, Accounting, Servicing, and Insuring. Although we have been using the industry-standard Calyx® Point® origination software, we are excited to announce our new partnership with Vuecentric, Inc. whereby we are introducing a state-of-the-art Web-based Loan Origination System (LOS) called, "Mortgage Dashboard®" that will help you remain ahead of the curve. Mortgage Dashboard is truly Web-based. There is no software to send out, download or upgrade ever. You will now be able to originate loans from anywhere at any time with a Web-connected PC! In addition to being extremely intuitive and easy to use, Mortgage Dashboard is fully integrated with automated underwriting engines (will be seamless with our QuikQual soon) and third party service providers such as Chicago Title, National Loan Prep Center and Entyre Doc Prep. Mortgage Dashboard's BundleOne service will enable you to instantly order (and track) credit, appraisal or AVM valuation services, title and escrow services, flood certificates, inspection, survey and even closing docs...ALL PAPERLESSLY! No more chasing faxes! Mortgage Dashboard will also function as Benchmark's Loan Officer Portal--in one window you will be able to originate, present for approval and submit loans for underwriting, closing, funding and payroll. This system is seamlessly integrated! Very importantly, Mortgage Dashboard will also allow us to standardize our disclosure documents state-by-stage to maintain compliance. This is very important in an increasingly stringent marketplace. All nationwide forms and compliance documents are automatically generated when originating a loan. Reduced compliance risk, less wasted time and resources, allowing you to be more competitive than ever. Other exciting features include: (1.) A customizable Interactive Loan Program Search Engine; (2.) A Contact Management / CRM module...no more re-keying and trying to keep up with two or more databases; (3.) A Snapshot feature that gives you a one-page view to know everything critical with respect to each individual loan; (4.) A Campaigns feature that enables you to easily design rich text HTML emails and newsletters that are personalized to your target audiences; (5.) Pipelines at a glance; (6.) The ability to import all your previous Point files and retain all your current information; (7.) Free training, support and live help. Lastly, we use Credco® reporting services with our automated underwriting engine, "QuikQual," as well as SARMA® credit reporting services. SARMA offers us a plug in allowing you to import your client's credit information directly into Calyx Point and our new Mortgage Dashboard software.
One Time Close Construction Loan Program: One of the nation's absolute finest One Time Close construction loan programs has been extended to Benchmark...only the 9th mortgage banker in America and first and only in Texas to receive it. This phenomenal OTC loan program is heartily embraced by builders...and certainly Realtors who get paid in advance of the build out of a property, not at the end of construction. They love it!
Service & Support: We take care of your accounting: Accounts payable; payroll; tax reporting; auditing administration to the agencies, states and investors; and other functions so you can focus on originating.
Retention Rate: We Are Your Last Home! Our retention rate is extremely high . . . approaching 98%. Indeed, many of our Branch Managers departed other Net Branch operations to join Benchmark.
Fee Sharing With Realtors and other "Real Estate Service Providers": Benchmark has retained a prominent HUD Consultant who has helped us develop four industry-leading programs specifiying methods to compensate Realtors, Builders, Financial Planners and CPA's with RESPA and HUD compliance. One program qualifies Realtors to become Employees of Benchmark given certain conditions. Secondly we have a Marketing Agreement that can be utilized with Realtors. A third program allows Realtors to be paid fees for rendering specific services in the real estate settlement procedure as set forth in our RESSA Agreement. A fourth program allows the establishment of a new joint venture in an Affiliated Business Arrangement (AfBA) with either Realtors or Builders.
Benefits Program: Major Medical and 401k programs available.
Sales & Marketing Assistance: We have some very senior marketers in Benchmark who have proven programs to help you market your businesses and build referral partnerships with Realtors, Financial Planners, CPA's, Insurance companies and Attorneys.
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