Summary: Managers, loan officers and processors that have committed themselves to ethically originating mortgages are invited to learn more about AMB. We are constantly seeking quality professionals eager to excel in their profession. One of AMB's key goals is to help others succeed. We always keep in mind that the person who makes or facilitates the sale is our most important asset.
"Fort Knox was built in 1936 for a cost of $560,000 and houses 147
million ounces of gold (high was 650 million ounces in 1941). It also
has safeguarded the Declaration of Independence, U.S. Constitution,
Lincoln's Gettysburg address and even the Articles of Confederation."
Congratulations on finding a web site that really benefits the
mortgage professional! On this page we provide you with valuable information
regarding our revolutionary "Branch-Profit-Sharing" program that
allows you to directly benefit in proportion to the profitability of
the branches you manage as our employee.
Additionally, many individuals join AMB in a non-managerial capacity and later get promoted to this type of position. We are always looking for excellent support staff including loan officers, processors and administrative employees (click here to learn more about non-managerial opportunities).
Individuals interested in managing one or more of our branches will quickly learn that AMB has developed a bonus plan that allocates main office overhead so as to benefit you directly in proportion to the profits your branch facilities generate!
AMB has three plans that are used to allocate overhead per location:
Per File - This option is intended to benefit managers of offices with minimum production. Allocation of overhead is at $500 per file with a minimum accrual of $500 monthly.
Flat Fee - This option is an excellent choice for branches that typically close in excess of four loans per month. Allocation of overhead is $1,800 monthly regardless of the number of loans closed.
CAP Plan - A plan that provides the ultimate flexibility for a manager. With the CAP Plan AMB retains 10% of branch revenue accruing at a rate of $2,000 monthly with a $36,000 annual cap. With the CAP Plan you get your own DBA and a separate branch checking account. This is a great option for the small mortgage company that seeks to connect itself with a successful branch operation.
Our branching model is built on the assumption that corporate overhead should be allocated to each branch on the basis of how that branch originates loans. However, we also recognize that there are limits to the amount of branch allocation fees that should be charged to a branch. Our Flat Fee and CAP Plans do exactly this! The Flat Fee option accrues a monthly fee of $1,800 per physical location a manager supervises. We cap our 10% branch allocation fee annually to $36,000 for the first branch a manager runs and $6,000 for each additional geographical location. With our CAP Criteria we all are winners because the branch allocation fee is limited for those branches that produce quality work! You should also visit our Fees page to view online a complete listing of all corporate-type allocations or assessments to AMB's branches.
Being part of AMB empowers your branch to apply to lend in many states. However, compliance with state law is a real concern for us so we have designed a State By State Instructions page to show you how we expect AMB employees to originate loans in the various states we are licensed in.
Wouldn't it be great for you to concentrate only on the fun things in the mortgage business like taking applications, closing loans, building a referral base and implementing your marketing plans? Well with AMB, you can! Our staff of experienced experts will handle all of your back office requirements, such as accounting, auditing, complaint resolution, compliance, human resources, legal, lender relations, quality control, state licensing and tech support. And we handle it all for as little as $6,000 per year!
Our goals are simple - Help you maximize income and to enhance professional satisfaction!
As our employed Branch Manager, you play a critical role in determining how you want to run a business. You will need to consider questions like - "How do I generate business?" "Should I grow my business by adding employees to my branch?" "Will I use a specific business name to promote my business?" "How will I manage branch expenses to maximize profits?"
Prior to mid-2008 we allowed branches to exist in residential properties. However, pressure from some state regulations and concerns from HUD and credit bureau agencies we have decided to only have branches in approved commercial space. For individuals who desire to work from home we have introduced our Virtual Loan Officer ("VLO") program that allows you to originate loans for only $500 per file combined with a 13% administrative charge (based on the wages you run through payroll).
If you already lease commercial space, AMB will need to have you and your landlord execute another lease, which can be subordinate to the one you now have. You can choose only to manage yourself or seek out other originators and build a successful sales force to work with.
The choices are endless but you can't hope to accomplish anything unless you are take time to learn more about opportunities with AMB. Start by requesting a copy of AMB's Bonus Agreement so you can come to appreciate our innovative approach to Branch Manager compensation!
You might also want to visit our Timeline to Success page, which illustrates the branch approval process.
Just because we don't lend in your state doesn't mean we aren't interested. We welcome inquiries in those states that you plan to have a physical presence even if we lack licensing approval at this time.
When you are ready to open your branch please go to AMB's Online Branch Setup page and complete the form there. We will forward you a personalized Bonus Agreement from this page.
We know that not everyone is looking to manage a mortgage branch. We welcome inquiries from loan officers and processors as well. We offer Virtual Loan Officer positions for originators that would like to work from their home. We also have hundreds of offices looking for qualified, experienced personnel. As a loan officer, processor or other support employee you benefit from being part of an organization that is truly committed to helping you succeed. You can take comfort in knowing you are associated with a well respected and honorable institution.
We provide competitive compensation packages, comprehensive benefits package, in-house training and subsidize qualified third party educational programs.
You may find two other pages included in our Professionals section helpful: our Compliance page that addresses issues that affect our industry and a Resources page that serves as a toolbox for lending professionals. We invite you to use them. We wish you the best in your career!
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Contact info@amb123.com for more information.