Right now you're thinking "sounds too good to be true." But it is true, and our Dual Agents who have both mortgage and real estate licenses convert an average of 70% of buyers into mortgage customers as well. Buyers love it because it's less work for them.
We get it: you want to focus your time on being a great real estate agent. Somerset Lending will assign you to a dedicated mortgage assistant that will do all the heavy lifting, including direct contact with your clients for all documentation gathering and follow-up. And you will be updated on a regular basis with any change in status.
Our Dual Agents find it much easier to win over listings and buyers. New clients will gravitate towards someone that can articulate the mortgage process. Sellers appreciate that our Dual Agents have the ability to spot weaknesses and strengths among prospective buyers. You'll be able to pull credit and know immediately if your purchase client is viable.
Our team license advocate will assist you through all required steps for licensing. From start to finish, the process typically takes 30-45 days. We will sponsor the entire licensing process, valued at $1,000. It's similar to the real estate licensing process, and you'll find that you already know a lot of the material from your experience.
There are many dual income agents currently working in Michigan. Somerset Lending has confirmed with the State of Michigan, RESPA, and the CFPB that we are compliant with all applicable laws and regulations.
Current loan officers are welcome. We will sponsor current loan officers and help them obtain their real estate license. They will have the same opportunities as current real estate agents, including leads from our call center. And there's no desk fee or required floor time. Or come on board as an MLO and get the best comp plan and support team in the industry.
Think of all the past real estate clients you have in your database. They all become potential customers for refinances and mortgage referrals. You have an untapped mine of income waiting for you to dig it out. Our Dual Agents are very active in refinances during the slow real estate months of winter.
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